Miami Twp.-based Brixey & Meyer Capital said Wednesday it has acquired Safe-Way Garage Doors, of Warsaw, Ind.
Safe-Way produces and distributes residential, commercial and industrial overhead garage doors, with customers across the country and distribution centers in Murfreesboro, Tenn. and Nixa, Mo.
“What we love about Safe-Way is their core value proposition of providing high quality, American-made garage doors to their dealers with lead times as short as a week,” David Brixey, chief executive of Brixey & Meyer Capital, said in an announcement Wednesday.
Safe-Way was acquired from The Ellis Co., a Fort Wayne, Ind. investment group, Brixey & Meyer said. Sonny Nemitz, Safe-Way general manager, will continue to lead the company’s 60 employees.
This marks the third acquisition of Brixey & Meyer’s second investment fund, the BMC Growth Fund II. The fund is a $40 million fund launched in 2018 which invests in “lower middle-market companies generating $1 to $4 million of cash flow,” Brixey & Meyer said.
More investments are on the way. Brixey & Meyer Capital manages six investments across a variety of industries and plans to add as many as five additional investments to Fund II over the next two years.
Brixey & Meyer Capital is a lower middle market private investment firm with offices in Dayton, Cincinnati and Columbus.
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