Investment Summary

The Ellis Company Exits Safe-Way Door

On January 8, 2020, private equity firm Brixey & Meyer Capital invested in building materials company Safe-Way Door from The Ellis Company

Investment Highlights
  • This is Brixey & Meyer Capital’s 1st transaction in the Building Materials sector.
  • This is Brixey & Meyer Capital’s 6th transaction in the United States.
  • This is Brixey & Meyer Capital’s 1st transaction in Indiana.
Investment Fate
  • Safe-Way Door was sold to a consortium of financial buyers in 2021.

Investment Summary

Date 2020-01-08
Target Safe-Way Door
Sector Building Materials
Investor(s) Brixey & Meyer Capital
Sellers(s) The Ellis Company
Deal Type Secondary Buyout

Target

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.

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Investor(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 $2 to $10 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 6 of 15
Sector: Building Materials M&A 1 of 1
Type: Secondary Buyout M&A Deals 1 of 1
State: Indiana M&A 1 of 1
Country: United States M&A 6 of 15
Year: 2020 M&A 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-14 Patriot Converting

Elk River, Minnesota, United States

Patriot Converting is a provider of custom paper converting and logistical solutions for the paper packaging industry, serving customers across the Midwest. Patriot was founded in 2003 and is based in Elk River, Minnesota.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-03-11 Gateway Distribution

Cincinnati, Ohio, United States

Gateway Distribution is a niche LTL carrier, consolidator, and distributor of specialty cargo with a focus on light poles, flag poles, and other similar products. Gateway Distribution was founded in 1989 and is based in Cincinnati, Ohio.

Buy -

Seller(S) 1

SELLER

The Ellis Company

Fort Wayne, Indiana, United States

Category Private Equity Firm
Founded 1996
Size Small
Type Sector Agnostic
DESCRIPTION

The Ellis Company is a private investment firm focused on acquiring established, profitable businesses located in the upper Midwest (within 150 miles of Fort Wayne, Indiana). Ellis targets companies with annual revenues of $5 to $50 million and consistent cash flows. The Firm prefers businesses in basic industries with low-tech product lines. Ellis will not invest in start-ups, turnarounds or venture capital deals. The Ellis Company was formed in 1996 and is based in Fort Wayne, Indiana.


DEAL STATS #
Overall 2 of 2
Sector: Building Materials M&A 1 of 1
Type: Secondary Buyout M&A Deals 1 of 1
State: Indiana M&A 2 of 2
Country: United States M&A 2 of 2
Year: 2020 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-02-17 Better Way Partners

New Paris, Indiana, United States

Better Way Products is a manufacturer of fiberglass and composite resin products to the RV and marine industry. Vacuum bagging and RTM light are also utilized.

Sell $40M