Brixey & Meyer Capital has acquired 3 Sigma, a provider of adhesive coated materials to converters and manufacturers. 3 Sigma’s adhesive materials are used in applications in the automotive, food, consumer products, medical and marketing industries. 3 Sigma’s products can be found in coated materials used in applications such as press and seal consumer packaging, security labels, construction tapes, brake pads and other engineered applications.
3 Sigma, headquartered just north of Dayton in Troy, OH, was founded in 1980 and has approximately 80 full time employees (www.3sigma.cc).
“When evaluating a buyer and future partner for the company, we searched for a group that was more than just a financial partner,” said Tony Rowley, President & co-owner of 3 Sigma. “We felt like we achieved just that by partnering with Brixey & Meyer. What set them apart was their focus on people, their investment philosophy, and the resources they are able to bring to bear to achieve our aggressive growth goals.” Mr. Rowley will remain as president of the company under Brixey & Meyer ownership.
Brixey & Meyer invests in companies that have from $1 million to $4 million of EBITDA that are located in the eastern and mid-western United States. Sectors of interest include manufacturing, healthcare, distribution and business services. Brixey & Meyer is led by Managing Director David Brixey and has offices in Dayton, Cincinnati and Columbus (www.brixeyandmeyercapital.com).
“3 Sigma has built a strong reputation serving both large and small customers in some of the most complex adhesive applications,” said Mr. Brixey. “The capabilities the company has developed are a true testament to 3 Sigma’s leadership, workforce and their collective passion for the business to grow and succeed.”
3 Sigma was acquired by Brixey & Meyer from the Judith Beck family. Grant Beck, who passed away in November 2015, had acquired 3 Sigma in 1997. Brady Ware Capital (www.bradyware.com) was the financial advisor to the Beck family in connection with the sale of the company.
© 2017 Private Equity Professional | September 19, 2017
