M&A Deal Summary

Brixey & Meyer Capital Acquires Smith Equipment Solutions

On November 6, 2024, private equity firm Brixey & Meyer Capital acquired automotive company Smith Equipment Solutions

Acquisition Highlights
  • This is Brixey & Meyer Capital’s 1st transaction in the Automotive sector.
  • This is Brixey & Meyer Capital’s 14th transaction in the United States.
  • This is Brixey & Meyer Capital’s 2nd transaction in North Carolina.

M&A Deal Summary
Date 2024-11-06
Target Smith Equipment Solutions
Sector Automotive
Buyer(s) Brixey & Meyer Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

Smith Equipment Solutions

Raleigh, North Carolina, United States
Smith Equipment Solutions provides comprehensive sales, service and preventative maintenance solutions for the dealership, municipality, education, and independent repair shop end markets throughout North Carolina, South Carolina and Virginia. Smith Equipment Solutions is based in Raleigh, North Carolina.

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Buyer(S) 1

Buyer

Brixey & Meyer Capital

Investor Investor Investor

Category Private Equity Firm
Founded 2015
Size Small
Type Sector Agnostic
DESCRIPTION

Brixey & Meyer Capital is a lower middle-market private equity firm focused on acquiring and investing in profitable, Midwest US-based niche-oriented companies with $1 to $4 million of EBITDA. The Firm will consider majority and minority positions and seeks opportunities with recurring revenue business models, proven management in place, and opportunities for growth. Sectors of interest include manufacturing, distribution, and services. Brixey & Meyer Capital was formed in 2015 and is based in Miamisburg, Ohio.

DEAL STATS #
Overall 14 of 14
Sector (Automotive) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 13 of 13
State (North Carolina) 2 of 2
Country (United States) 14 of 14
Year (2024) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-10-29 Professional Maintenance & Equipment

Wade, North Carolina, United States

Professional Maintenance & Equipment specializes in installing, maintaining, and repairing automotive shop equipment, serving the dealership, collision center, tire, and lube markets. Professional Maintenance & Equipment is based in Wade, North Carolina.

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