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Generational Group Advises Smith Equipment Solutions in its Sale to Brixey & Meyer Capital
By Generational Group
11/14/2024
Generational Group, a leading mergers and acquisitions advisory firm for privately held businesses, is pleased to announce the sale of its client, Smith Equipment Solutions, to Brixey & Meyer Capital (“BMC”). The acquisition closed on October 31, 2024.
Located in Raleigh, North Carolina, Smith Equipment Solutions (“Smith”) is a second-generation family business specializing in the commercial equipment sector, with a primary focus on the automotive industry. The company sells, maintains and installs automotive service equipment, compressed air and fluid transfer systems for clients across various industries.
As a leading provider of industrial equipment, sales, service, and preventative maintenance, Smith supports automotive repair centers and dealerships throughout the Carolinas.
BMC is a private investment firm headquartered in Cincinnati, Ohio that specializes in investments across the manufacturing, healthcare, distribution, and business services sectors. The Smith transaction represents BMC’s second investment into the automotive aftermarket equipment industry. Smith’s previous owners will retain an ownership stake alongside BMC.
Jack Sluiter, Generational Managing Director of M&A, stated, “This was a classic situation where a great 2nd generation business had reached its max growth under its own power. What was needed was a qualified buyer who understood their niche industry and had the human and financial resources to grow. That’s what they found with BMC.”
Ryan Binkley, CEO of Generational Group, added, “This transaction highlights our commitment to facilitating deals that create lasting value for both parties. At Generational Group, we are proud to facilitate such impactful transactions.”
Generational Group Executive Managing Director, M&A, David Fergusson, and his team led by Managing Director, M&A, Jack Sluiter, with the support of Senior Vice President, M&A, Tristan Keeffe, successfully closed the deal. Senior Managing Director, Doug Morrow established the initial relationship with Smith Equipment Solutions.
About Generational
Headquartered in Dallas, Generational is one of the leading M&A advisory firms in North America.
With more than 350 professionals located throughout 17 offices in North America, the companies help business owners release the wealth of their business by providing growth consulting, merger, acquisition, and wealth management services. Their six-step approach features strategic and tactical growth consulting, exit planning education, business valuation, value enhancement strategies, M&A transactional services, and wealth management.
The M&A Advisor named the company Investment Banking Firm of the Year three years in a row, Valuation Firm of the Year in 2020, and North American Investment Bank of the Year in 2022 as well as Consulting Firm of the Year. For more information, visit https://www.generational.com.