CINCINNATI, OH –Brixey & Meyer Capital (“BMC”) announce today that its third investment in its first fund, 3 Sigma, has been acquired by Duraco Specialty Tapes (“Duraco” or “Company”), a leading manufacturer of pressure-sensitive tapes and specialty materials. Duraco is headquartered in Forest Park, Ill, and is a portfolio company of OpenGate Capital.
“As we considered new owners of 3 Sigma, we felt Duraco was the best fit to provide the greatest opportunity for the company and its employees moving into the future,” said David Brixey, CEO of Brixey & Meyer Capital.
Ed Byczynski, Chief Executive Officer of Duraco, stated, “The acquisition of 3 Sigma builds on Duraco’s commitment to providing a complete portfolio of high-value solutions to our current customers and end markets while expanding access into new, strategic industry verticals. The addition of 3 Sigma will further accelerate our growth trajectory and places us at the forefront of cutting-edge development to meet the evolving needs of our end markets.”
Tony Rowley, President of 3 Sigma, added, “Duraco’s established commercial capabilities, paired with 3 Sigma’s unique technology and offerings solidify the Company as a market leader and trusted partner.”
BMC acquired 3 Sigma in September 2017 and during BMC’s ownership, 3 Sigma significantly expanded its capabilities and capacity through the opening of its wide format coating facility in Lancaster, Ohio. The exit of 3 Sigma is the first exit from its first fund, the BMC Growth Fund.
About Brixey & Meyer Capital:
Brixey & Meyer Capital is a lower-middle-market private investment firm with offices in Dayton and Cincinnati, Ohio. For more information, visit Brixey & Meyer Capital’s website at www.brixeyandmeyercapital.com. To date, BMC has raised over $120 million in committed capital and invests in lower middle-market companies generating $1.0 to $5.0 million of cash flow. For information about all of BMC’s investments, click here.
About 3 Sigma
3 Sigma is a fast-growing innovator of pressure-sensitive adhesive-coated products. 3 Sigma uses its solvent, emulsion, and hot melt technology expertise to produce both specialty and complex adhesive constructions at both its headquarters in Troy, Ohio, and its Lancaster, OH facility.