Eric Derheimer
Managing Director
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- Full Name
- Eric Derheimer
- Title
- Co-Managing Partner
- Firm
- CID Capital
- Firm Type
- Lower-middle-market private equity / buyout firm (not an angel or seed-stage investor — see note in Background)
- Investment Stage
- Control buyouts of established, profitable lower-middle-market companies (and add-on acquisitions); not seed/angel
- Check Size
- ~$10–15M of equity per platform investment (transactions $10M+; no size limit on add-ons)
- Target Company Profile
- Founder- and management-owned companies with roughly $10M–$100M in revenue and at least $3M of EBITDA/cash flow; CID typically takes a majority control position
- Sector Focus
- Industrial products (niche manufacturing, ventilation, power-generation components, industrial valves, test & measurement), business & industrial services (outsourced services, asset-light logistics, facility services, education/training), and distribution (electrical, plumbing, lighting, building products, glass/glazing)
- Geographic Focus
- United States and Canada
- Location
- Carmel, Indiana (Indianapolis metro area)
Background
Eric Derheimer is a Co-Managing Partner at CID Capital, a Carmel, Indiana–based private equity firm focused on the lower middle market. He joined CID in 2014 and, alongside Cory Heck, was named co-managing partner effective January 1, 2025, as part of a planned leadership succession in which longtime Managing Partner Steve Cobb moved to senior partner status ahead of his December 2025 retirement. In his role, Derheimer leads firm operations in addition to his investment responsibilities — selecting investment areas, recruiting executives, sourcing and executing deals, and working hands-on with management teams.
Before CID, Derheimer was a Vice President in Greenhill & Co.'s Industrial Mergers & Acquisitions group in Chicago, where he advised large industrial corporations on growth through acquisition. Earlier he worked in private equity as an Associate at The Carlyle Group and as an Analyst in UBS's Mergers & Acquisitions group, giving him a deep background in transaction diligence, execution, and value creation.
He holds an MBA from the Stanford Graduate School of Business and a BS from Indiana University's Kelley School of Business, where he was a Kelley Scholar. He currently sits on the boards of several CID portfolio companies, including PDQ Manufacturing, Midwest Remediation (MWR), Park Supply, Lettermen's Energy, Extra Mile Brands, and Wiseway. He lives in Carmel, Indiana with his family and coaches softball in his spare time.
A note on the stub data: the supplied profile labeled Eric as an "Angel Investor" focused on "Seed Round" deals. CID Capital is, by its own description, an industrial-focused lower-middle-market private equity (control buyout) firm — "the first institutional capital investor" in profitable, established companies — not a seed/angel investor. The firm targets companies already generating $10M+ in revenue and $3M+ in EBITDA, which is materially different from seed-stage angel investing. The corrected firm type and stage above reflect CID's primary sources.
Investment Thesis & Focus
- Invests CID's lower-middle-market buyout strategy: majority-control equity investments of roughly $10–15M in companies with ~$10M–$100M revenue and $3M+ of EBITDA, typically as the first institutional capital into founder/family-owned businesses.
- Concentrates on three verticals — industrial products, business/industrial services, and distribution — with niches such as niche manufacturing, power-generation components, ventilation products, asset-light logistics, facility services, and building-products distribution.
- Positions CID as "founder-friendly," structuring deals so management teams "participate directly in the value creation process—and share in the economic success."
- Pursues active add-on acquisition strategies (no size limit on add-ons) to build platforms in fragmented industrial and distribution niches.
- His stated operating philosophy: "the clearest path to success comes when strong teams execute on a focused set of initiatives," reflecting a hands-on, execution-and-people-driven approach to value creation.
Notable Investments
- PDQ Manufacturing — industrial/manufacturing platform; CID acquired the business (Derheimer serves on the board).
- Park Supply — distribution business CID partnered with/acquired (board seat).
- Lettermen's Energy — portfolio company that CID exited (publicly noted as "CID & Lettermen's Energy Fuel an Exit"); Derheimer was on the board.
- Midwest Remediation (MWR) — environmental/industrial services company in the CID portfolio (board seat).
- Wiseway — distribution company in CID's portfolio (board seat).
- Extra Mile Brands — branded products portfolio company (board seat).
- Other CID portfolio/brand names referenced on its site include Fit & Fresh, Georgia Metals, Roebuck, KIND, Etruscan, and Real Hittle.
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