“Throughout the company’s 58 year history, Stillwater has built a strong reputation with its customers and the community as a direct result of the leadership of Bill Lukens,” said David Brixey, managing director of Brixey & Meyer Capital. “The company will strive to continue that leadership with a commitment to provide the highest quality service to customers while maintaining a great place to work for the company’s employees, our most important assets.”
Stillwater was started by Charles Lukens as a small tool and die company in West Milton, and now has about 90 full-time employees. The company serves a wide range of customers including Fortune 500 companies to small regional machine shops across the U.S.
Michael van Haaren will remain president of the company.
Stillwater is the second acquisition of Brixey & Meyer’s’s first fund, the BMC Growth Fund, LLC. The fund is an $18 million dollar fund launched in November 2015 which invests in lower middle market companies generating $1 million to $3 million of cash flow.
Brixey & Meyer has offices in Dayton, Cincinnati and Columbus.
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