Wiseway's Cain Sells Stake of Company to Private-Equity Firm

John Cain, owner of Wiseway Supply, Florence, KY, sold a large stake of the company to the CID Capital private-equity firm. Cain said in a post on the website of the company that advised him on that transaction, ArkMalibu, that CID Capital's investment in Wiseway would “provide additional fuel to turn my family-owned company into a platform that will grow even more aggressively than we have in our first 50 years.”