M&A Deal Summary

Duraco Acquires 3 Sigma

On December 2, 2021, Duraco acquired manufacturer 3 Sigma from Brixey & Meyer Capital

Acquisition Highlights
  • This is Duraco’s 2nd transaction in the Manufacturing sector.
  • This is Duraco’s 3rd transaction in the United States.
  • This is Duraco’s 1st transaction in Ohio.

M&A Deal Summary

Date 2021-12-02
Target 3 Sigma
Sector Manufacturing
Buyer(s) Duraco
Sellers(s) Brixey & Meyer Capital
Deal Type Add-on Acquisition

Target

3 Sigma

Troy, Ohio, United States
3 Sigma is a manufacturer of adhesive-coated materials to converters and manufacturers around the world. 3 Sigma utilizes its deep application experience and expertise in the chemistry of adhesive technology to serve the automotive, food, consumer products, medical and marketing industries. 3 Sigma was established in 1980 and is based in Troy, Ohio.

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Buyer(S) 1

Buyer

Duraco

Forest Park, Illinois, United States

Category Company
Founded 1947
Sector Manufacturing
Employees400
DESCRIPTION

Duraco is a B2B manufacturer of specialty tapes, which are sold into highly attractive end markets including Point-of-Purchase displays, appliances, transit packaging, construction, signage, and HVAC. Duraco’s application-specific tapes are strong alternatives to mechanical fasteners and traditional glues offering longevity, strength, efficiencies in customer’s assembly operations and breadth of substrates. Duraco’s customer service team will continue to offer their expertise to customers determining which products are ideal for their applications. With a highly diversified customer base, Duraco maintains loyal relationships for over 40 years and is continuously growing with over 6,800 customers in 2018. Duraco was founded in 1947 and is based in Forest Park, Illinois.


DEAL STATS #
Overall 3 of 5
Sector (Manufacturing) 2 of 4
Type (Add-on Acquisition) 3 of 5
State (Ohio) 1 of 1
Country (United States) 3 of 5
Year (2021) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-02 Filmquest

Bolingbrook, Illinois, United States

Filmquest is a converter and supplier of polyester (“PET”) and specialty films. Filmquests coats, converts, and metallizes all grades of PET film for use in the high-growth flexible packaging market under the trademarked Questar and Soft Touch product lines. Filmquest is based in Bolingbrook, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-08 Rayven

St. Paul, Minnesota, United States

Rayven is a developer and manufacturer of coated functional films, specialty tapes, and niche release liners, from private sellers. It is recognized for custom-developed and technically differentiated solutions in high-value end markets including flexible packaging, building products, graphics, and healthcare. Rayven was formed in 1954 and is based in St. Paul, Minnesota.

Buy -

Seller(S) 1

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 1 of 3
Sector (Manufacturing) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Ohio) 1 of 1
Country (United States) 1 of 3
Year (2021) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-07-09 Access Control Systems

Nashville, Tennessee, United States

Access Control Systems is a value-added distributor, system integrator, and installer of access control systems which includes high-end residential and commercial automated gate systems, parking control systems, commercial security systems, and surveillance systems. Access Control Systems is based in Nashville, Tennessee.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-20 Safe-Way Door

Warsaw, Indiana, United States

Safe-Way Door is a manufacturer and distributor of residential, commercial, and industrial overhead garage doors. The company has a relentless commitment to the customer experience and provides superior value through its product quality, lead times, and customization capabilities. Safe-Way Door was established in 1950 and is based in Warsaw, Indiana.

Sell -