Brixey & Meyer Capital Expands Investment Portfolio
Brixey & Meyer Capital, often abbreviated as BMC, is excited to announce its recent acquisition of Professional Maintenance & Equipment, Inc. (PME), a leading distributor and service provider in the aftermarket automotive industry. This strategic investment is expected to propel PME's growth into diverse new markets while expanding its array of services and product offerings.
Leadership Continuity and Commitment
The talented team at PME, led by Mark and Steven Holden, will remain at the helm, continuing to serve their markets while also maintaining an equity stake in the company. This allows PME to leverage their established leadership as they embark on this new chapter in partnership with BMC.
Expertise Within the Automotive Sector
Headquartered in Wade, PME provides high-quality automotive shop equipment alongside exceptional field service expertise. The company's services include the installation, repair, inspection, and preventative maintenance of critical equipment such as auto lifts, air compressors, paint booths, and wheel alignment tools, ensuring that clients receive the utmost care and service.
Voices from Leadership
Mark Holden, General Manager of Auto Equipment at PME, expressed enthusiasm about the acquisition: "Our commitment to providing excellent service and reliability for our customers has never wavered. Partnering with BMC will enable us to accelerate our growth trajectory while we maintain our high standards of customer satisfaction and service execution. We're thrilled about the possibilities this collaboration brings."
Patrick Odell, Managing Director at BMC, echoed this sentiment by emphasizing the alignment of PME with BMC's investment strategy. "The purchase of PME is a natural fit. We aim to partner with firms that have demonstrated not only strong growth potential but also leadership that is dedicated to superior customer experiences. We are excited to offer PME the resources to help boost their operations and foster continued growth moving forward."
Strategic Growth in the Automotive Supplies Market
This acquisition signifies BMC's first significant investment in the aftermarket automotive shop equipment domain. The firm is committed to pursuing future growth through similar acquisitions within this sector over the coming years, which aligns with their investment strategy focused on fostering companies with strong potential for success.
About Brixey & Meyer Capital
Brixey & Meyer Capital is a private investment firm located in Cincinnati, concentrating its efforts on lower-middle-market companies. Since its establishment, BMC has successfully executed 18 acquisitions and raised more than $200 million in committed capital. The firm manages a diverse portfolio, encompassing six platform businesses across various industries.
About Professional Maintenance & Equipment, Inc.
Professional Maintenance & Equipment specializes in the installation, maintenance, and repair of automotive equipment, servicing a wide range of markets including dealerships, collision centers, tire shops, and lube facilities. Their commitment to quality service ensures clients receive comprehensive support across the automotive maintenance landscape.
Contact Information
For inquiries regarding the acquisition or other information, please contact Patrick Odell.
Frequently Asked Questions
What type of company is Brixey & Meyer Capital?
Brixey & Meyer Capital is a private investment firm focused on lower-middle-market companies and diversified investments.
Who are the former owners of PME?
Mark and Steven Holden are the previous owners of Professional Maintenance & Equipment and will continue in their leadership roles post-acquisition.
What services does Professional Maintenance & Equipment provide?
PME provides installation, maintenance, and repair services for automotive shop equipment, ensuring high-quality support for their clients.
Is this BMC's first investment in the automotive sector?
Yes, this acquisition represents BMC’s initial venture into the aftermarket automotive shop equipment domain.
What is the strategic goal behind this acquisition?
The goal is to leverage PME's existing market presence and enhance growth through expanded offerings and market penetration.
