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.