BIGMOUTH INC PUTS THE “FUN” IN “FUNDED”
GLASTONBURY, CT – November 16, 2016. BigMouth Inc. (bigmouthinc.com), today announced its recapitalization by CID Capital, an Indianapolis-based private equity group. The financing prepares BigMouth Inc. for continued prosperity as the brand looks to expand its market share during a momentous growth period.
BigMouth Inc—a global brand synonymous with fun—infuses lifestyle products with their unique wit and knack for visual gags. Popular products include the Giant Frosted Donut Pool Float, the patented Wine Bottle Glass, and the original Prescription Coffee Mug. The Glastonbury, CT company designs and sells its products through leading blue-chip retailers around the world in over 50 countries. The brand is noted for its spot-on anticipation of trends, making it a fixture of social and mainstream media. BigMouth Inc. is regularly featured on Good Morning America, BuzzFeed, the Today Show, People Magazine, and more.
CID Capital specializes in growth-oriented, lower-middle-market companies. The move provides the brand with additional resources and expertise to maintain aggressive retailer acquisition while furthering the development of new product. BigMouth Founder Steve Wampold will maintain a sizeable equity portion, and serve on the Board of Directors. Additionally, he will transition his role to focus on category development and BigMouth’s international sales & marketing. Gary Kiedaisch, newly-minted Executive Chairman, will serve as Interim CEO of BigMouth Inc. until a full-time CEO is hired.
“BigMouth Inc. is a special, special company,” said Kiedaisch, “Steve has done a tremendous job creating a destination brand with innovative products. In concert with CID Capital and the BigMouth team, we are gearing up for our best work yet.”
“In addition to preparing us for the next stage of growth, this move allows me to return to my passion for product development,” added Wampold, “There is a world of untapped product categories out there in countless markets—each of them in need of the re-energization that only BigMouth can bring.”
As Executive Chairman and Interim-CEO, Gary Kiedaisch brings a wealth of insight, leadership, and strategic planning to the BigMouth roster. Career highlights:
* Ernst & Young CEO Entrepreneur of the Year Award - Gulf Coast Region
* Three-time Ernst & Young CEO Entrepreneur of the Year Finalist
* Former President / CEO for Igloo, Coleman, Bauer, Bolle Eyewear, and Mt. Mansfield
Scot Swenberg, Managing Director at CID Capital noted, “BigMouth Inc. is a natural fit for CID. We seek charismatic brands with enthusiastic leadership and creativity at its core. The innovation and passion is overflowing with no sign of slowing.”
For more information about BigMouth Inc. and CID Capital, visit bigmouthinc.com and cidcap.com.
About BigMouth, Inc.
Founded in 2001 by Steve Wampold, BigMouth Inc. designs, manufactures and distributes a unique line of high-quality, innovative, hilarious and exclusive lifestyle products. BigMouth Inc. goods can be found in a variety of channels including specialty retailers, brick and mortar stores, e-commerce and catalog.
BigMouth Inc. has recently enjoyed explosive global growth with new distributors in the UK, Canada, Australia, Italy, and over 30 other countries. BigMouth Inc. products have been featured on the Today Show, BuzzFeed, Good Morning America, People Magazine, Cosmopolitan, Food Network Magazine, GQ and more, while also being seen in the hands of celebrities such as Taylor Swift, Justin Timberlake, Reese Witherspoon, Michael Strahan, Miley Cyrus, Justin Bieber, Metallica, Snoop Dogg and Khloe Kardashian. You can learn more about the brand and view the online catalog here - http://www.bigmouthinc.com/.