Investment firm Brixey & Meyer Capital announced it has acquired CityDash, a company based in Cincinnati that offers local and regional delivery services for packages and freight.
Terms were not disclosed.
CityDash, which operates a fleet of 90 vehicles and has 170 employees, has been in business since 1985. It provides same-day package delivery, expedited transportation, full truckload and less-than-truckload freight hauling and brokerage services.
Troy Burt, who joined CityDash in 1992 and has served as president and co-owner since 1998, will remain as president and co-owner, according to a Jan. 29 statement from Brixey & Meyer Capital.
“The leadership and employees of CityDash have built a strong brand in the region with their commitment to customer service and dependability,” 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.”
For his part, Burt said that he wanted an investment partner that shared the company’s core values and could provide the resources needed to grow.
Over the next three years, according to the statement, CityDash will explore what it called “both organic and inorganic growth strategies” to enter new markets and offer new services.
Brixey & Meyer Capital is based in Dayton, Ohio. — Transport Topics