Tony Rowley will remain as president of 3 Sigma, the acquiring company said.
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“3 Sigma utilizes its deep application experience and expertise in the chemistry of adhesive technology to serve the automotive, food, consumer products, medical and marketing industries,” the investment firm said in its statement. “3 Sigma’s technologies can be found in coated materials used applications such as press and seal consumer packaging, security labels, construction tapes, brake pads and many other highly engineered applications.”
“When evaluating a buyer and future partner for the company, we searched for a group that was more than just a financial partner,” Rowley said in the same statement. “We felt like we achieved just that by partnering with Brixey & Meyer Capital. What set them apart was their focus on people, their investment philosophy, and the resources they are able to bring to bear to achieve our aggressive growth goals.”
Founded in 1980, 3 Sigma was acquired from the Judith Beck family. Brady Ware Capital acted as the exclusive financial advisor to the Beck family in connection with the sale of the company.
The Troy company is the third acquisition of BMC’s first fund, the BMC Growth Fund, LLC. The BMC Growth Fund, LLC is an $18 million fund which invests in lower middle market companies generating $1 million to $4 million of cash.
Brixey & Meyer Capital is a private equity investment firm with offices in Dayton, Cincinnati and Columbus.
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