Brixey & Meyer Capital Acquires Gateway Distribution
We are excited to announce that Brixey & Meyer Capital (collectively with its affiliated entities, "BMC") has recently acquired Gateway Distribution ("Gateway"). Gateway is a niche LTL carrier, consolidator, and distributor of specialty cargo with a focus on light poles, flag poles, and other similar products. Headquartered in Cincinnati, Ohio, with additional locations in Newburgh NY and Wytheville, VA, Gateway serves its customer base across the country with a 99.8% claim free record.
"Through a combination of a dedicated workforce and world class processes, Gateway has built a unique niche in the trucking and distribution segment that creates significant value for its customers," said David Brixey, CEO of Brixey & Meyer Capital, "We are excited to add another great transportation company with exceptional employees to our portfolio."
Gateway was founded in 1989 by Wayne Carucci with a single truck. Since its founding, Wayne and his family have grown the business to over 50 trucks serving the continental United States. Benny Kenner and his management team will continue to lead the business out of its headquarters in Cincinnati, OH.
Gateway is BMC’s second acquisition in the transportation segment. In January 2019, BMC acquired CityDash, a regional niche time-sensitive transportation and logistics company also based in Cincinnati, OH.
Gateway is the fourth acquisition of BMC's second fund, the BMC Growth Fund II. The BMC Growth Fund II is a $40.0 million fund launched in mid-2018 which invests in lower middle-market companies generating $1.0 to $5.0 million of cash flow. Brixey & Meyer Capital currently manages seven different investments across a variety of industries and plans to add several more investments to Fund II over the next two years. For information about all of BMC's investments, click here.
About Brixey & Meyer Capital:
Brixey & Meyer Capital is a lower middle market private investment firm with offices in Dayton, Cincinnati and Columbus, Ohio. For more information, visit Brixey & Meyer Capital’s website at www.brixeyandmeyercapital.com. To stay informed on future updates, follow Brixey & Meyer Capital on LinkedIn here.
We look forward to sharing BMC's continued growth with you!