Smith Equipment Solutions Sold to Brixey & Meyer Capital
Deal News | Nov 14, 2024 | Generational Equity
Generational Group, a prominent mergers and acquisitions advisory firm, successfully facilitated the sale of Smith Equipment Solutions to Brixey & Meyer Capital (BMC), a private investment firm. Based in Raleigh, North Carolina, Smith Equipment Solutions is a second-generation family-run company specializing in the commercial equipment sector, particularly within the automotive industry. The company provides sales, installation, and maintenance services for automotive service equipment and systems. Brixey & Meyer Capital, headquartered in Cincinnati, Ohio, specializes in investments in the manufacturing, healthcare, distribution, and business services sectors. This acquisition marks BMC's second venture into the automotive aftermarket equipment industry. The previous owners of Smith will maintain a stake in the company alongside BMC. Key figures in the transaction included Generational Group's Executive Managing Director, David Fergusson, and Managing Director, Jack Sluiter. The acquisition closed on October 31, 2024.
Sectors
- Commercial Equipment
- Private Equity and Investment
Geography
- United States – The companies involved, Smith Equipment Solutions and Brixey & Meyer Capital, are located in Raleigh, North Carolina, and Cincinnati, Ohio, respectively.
Industry
- Commercial Equipment – The article involves Smith Equipment Solutions, which specializes in the commercial equipment sector, primarily focused on the automotive industry.
- Private Equity and Investment – Brixey & Meyer Capital, the acquirer, is a private investment firm, thus involving the private equity and investment sector.
Financials
- Not disclosed – The financial terms of the acquisition were not disclosed in the article.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Smith Equipment Solutions | Target Company | Company | A second-generation family business in Raleigh, NC, specializing in commercial equipment, primarily for the automotive industry. |
| Brixey & Meyer Capital | Acquirer | Company | A private investment firm based in Cincinnati, Ohio, focusing on investments in various sectors including automotive aftermarket equipment. |
| Generational Group | M&A Advisor | Company | A leading mergers and acquisitions advisory firm facilitating the sale of Smith Equipment Solutions. |
| Ryan Binkley | CEO, Generational Group | Person | CEO of Generational Group, involved in overseeing the advisory process. |
| Jack Sluiter | Managing Director, M&A | Person | Generational Group's Managing Director of M&A, played a key role in facilitating the transaction. |
| David Fergusson | Executive Managing Director, M&A | Person | Led the M&A team at Generational Group in closing the transaction. |
| Doug Morrow | Senior Managing Director | Person | Established the initial relationship with Smith Equipment Solutions. |