BRIXEY & MEYER CAPITAL LLC

Thesis

Brixey & Meyer Capital (BMC) is a private equity firm founded in 2015 and headquartered in Cincinnati, Ohio, operating as the private equity investment arm of Brixey & Meyer, a regional accounting firm. BMC focuses on the lower middle market, specializing in buyout and growth equity investments in US-based companies. Their investment strategy centers on acquiring and investing in profitable, niche-oriented companies, primarily located in the Midwest, Eastern, and Southeastern United States. The firm targets companies with recurring revenue business models and proven management teams, seeking opportunities for growth. Their preferred sectors include manufacturing, distribution, business services, healthcare services, and access-control businesses. BMC is open to both majority and minority positions. The firm has a history of executing buyouts and growth equity investments, with a typical hold period of three to six years. BMC has raised approximately $124 million across three funds: BMC Growth Fund I ($18.3 million in 2015), BMC Growth Fund II ($40 million in 2018), and BMC Growth Fund III ($66 million in 2021). The firm's total assets under management (AUM) are reported to be over $200 million, with additional capital raised outside of these disclosed funds. BMC Growth Fund IV is currently open, with an expected opening date of October 2024. BMC targets companies with recurring and sustainable EBITDA between $2 and $10 million, with no minimum for add-on acquisitions. While specific check sizes per deal are not explicitly stated, the focus on companies within this EBITDA range suggests typical investment sizes would align with the lower middle market.