DAYTON and CINCINNATI, Ohio, January 29, 2019 / — Brixey & Meyer Capital (collectively with its affiliated entities, “BMC”) announced today it has acquired CityDash, LLC (“CityDash” or the “Company”). Since 1985, CityDash has been Southwest Ohio’s premier courier, trucking and logistics provider to customers with diverse delivery and logistics needs. CityDash offers a variety of logistic services including same day courier services, small package delivery, expedited palleted freight, full truckload, and brokerages services. CityDash is based in Cincinnati, Ohio and currently has over 90 delivery vehicles and 170 employees.
“The leadership and employees of CityDash have built a strong brand in the region with their commitment to customer service and dependability, which is the CityDash Way” said David Brixey, Managing Director of Brixey & Meyer Capital, “we are excited to continue to invest in people and other resources to perpetuate and expand the reputation CityDash has built over its long history.”
Troy Burt joined the Company in 1992 and has served as President and co-owner since 1998 Troy will remain as President and co-owner.
“This new partnership with BMC is very exciting for our customers and employees, as it fulfills our continuous quest to provide the very best customer and employee experience possible,” said Troy Burt, CityDash’s President and co-owner. “In evaluating new partners to help the Company advance the CityDash Way, I was seeking a partner that shared the same customer and employee-focused core values as CityDash. I am proud to say that we have found this partner in BMC. Beyond their close-knit, people-oriented culture, they also possess the investment philosophies, experience and resources we need to grow.”
With BMC’s partnership, CityDash will be exploring a variety of both organic and inorganic growth strategies in order to enter new markets and offer new services.
CityDash is the first 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 $4.0 million of cash flow. Brixey & Meyer Capital plans to add as much as seven additional investments over the next three years.