Knoxville, TN. - Industrial Device Investments, LLC (IDI) is pleased to announce a strategic investment in SIDUS Solutions, LLC a global market leader and manufacturer of security and video surveillance systems for subsea and topside applications, based in San Diego, CA.
About Sidus Solutions, LLC.:
Established in 2000, SIDUS is an integrated systems provider of security and video surveillance systems for the energy, nuclear, scientific research, military, and petrochemical industries. SIDUS designs, services, and manufactures complete, integrated security and surveillance solutions for any marine, defense, and subsea application.
About IDI:
Investment Criteria:
Size: $1MM - $3MM EBITDA
Industrial Product Manufacturing Company Sectors: Flow & Process Controls, Sensors, Industrial Machinery, Test & Measurement product companies
Geography: USA Headquarters
IDI is a family investment office specializing exclusively in industrial product companies. With a focus on fostering innovation, IDI supports companies leveraging emerging technologies, operating from a proven playbook, to enhance industrial processes and drive growth.
The Strategic Partnership:
The investment by Industrial Device Investments in SIDUS Solutions was crafted to meet the unique needs of SIDUS’ seller, Leonard Pool, who will be staying on as the company’s president while IDI seeks to build infrastructure and continue the company’s strong growth. IDI's Managing Director Charles Aiken led the closing of the deal.
John Dalton, Managing Partner of IDI, said, “We are delighted to have invested with Leonard and the SIDUS team. SIDUS is an excellent company with a clear plan, operating in a defined niche, and is a great fit for IDI. We worked to achieve Leonard’s goals and create a strong platform for growth for IDI, and now we are very proud that IDI is six companies strong.”
Leonard Pool, seller, shared, “We are thrilled to have successfully completed this transaction. While the process was challenging, our collaboration with IDI has been outstanding. They took the time to understand my goals as a seller and crafted a deal that aligned with both of our objectives. Their strategic approach and deep understanding of our business were key in making this partnership a success. I'm excited about the future and look forward to a long and productive relationship.”
IDI’s lender, Aaron Price, Senior Managing Partner and President of Medallion Capital, commented, “Medallion Capital values working with strong operators and teams with a track record of driving value in the businesses they buy and IDI is an ideal partner for us. We are pleased to help support the acquisition of a company like SIDUS which provides mission-critical expertise to their customers around the world.”
Investment Transaction Team:
Representing SIDUS:
Advisor: John Ovrom, Partner, of Exit Consulting Group, Inc.
Legal: Charles E. Purdy IV of Purdy & Bailey, LLP
Representing IDI:
Accounting Diligence: Patrick Ross and Christian Spicer, CPA
Bank: Aaron Price and Jack Johnson, Medallion Capital
Legal Representation for Medallion Capital: Michael P. Warren of Taft Stettinius & Hollister LLP
To learn more about becoming an IDI Partner, SIDUS Solutions, or security and video surveillance systems for subsea and topside applications contact us:
Industrial Device Investments, LLC, 10335 Starkey Ln., Knoxville, TN 37932; info@IDInvest.net
SIDUS Solutions, LLC, 7352 Trade Street, San Diego, CA 92121; sales_coordinator@sidus-solutions.com