Mill City Capital Mergers and Acquisitions Summary

Private Equity Firm Profile

In the last 3 years, Mill City Capital has acquired 2 companies.

Mill City Capital’s most common sectors for investment areenergy services and equipment (24%) and distribution (16%) . The Firm’s most common investment types include buyout (lbo, mbo, mbi) (54%) and secondary buyout (31%). In total, Mill City Capital has invested in 6 US states and 2 different countries.

In the last 3 years, Mill City Capital has exited 3 companies. The Firm’s most common exit type is unknown (58%).

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M&A Summary

  • M&A Total Activity20
    • M&A Buy Activity13
    • M&A Sell Activity7
  • Total Sectors Invested 8
  • Total Countries Invested 2
  • M&A Buy/Sell Connections 4
  • M&A Advisors 1

Mill City Capital

Mill City Capital LP

1161 E Wayzata Blvd #407,
Wayzata, Minnesota 55391
United States
(612) 238-9500
www.millcitycapital.com
info@millcitycapital.com

Mill City Capital is a private equity firm that makes control investments in lower middle market companies with enterprise values ranging between $15 and $100 million. Mill City concentrates on businesses located in the upper Midwest. Areas of interest include industrial products/services, machinery, distribution, consumer products, and food. Mill City Capital is based in Minneapolis, Minnesota.


Investment Criteria

Sectors of Interest: Consumer Products, Distribution, Energy Services and Equipment, Engineering, Food, Forest Products, Machinery, Manufacturing, Packaging, Restaurants, Retail, Technology Hardware, Test/Measurement Equipment, Transportation

Target Transaction Types: Buyout (LBO, MBO, MBI), Growth Capital, Recapitalization, Secondary Buyout

Geographic Preferences: Midwest US, West US, Canada

Transaction Criteria Min Max
Target Revenue - -
Target EBITDA 2 15
Investment Size 5 20
Enterprise Value 15 100
values in millions of USD

M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.4/yr) # 11 - - 1 - 1 13
Sell (0.8/yr) # 3 1 2 1 - - 7
  20

Most Recent M&A

Company Date Value Type
Diversified Packaging Corp. 2024-07-22 - Recapitalization
St. Louis, Missouri · www.diversifiedpackaging.com
LRG Technologies, Inc. 2022-06-01 - Buyout (LBO, MBO, MBI)
West St. Paul, Minnesota · www.mobileprosystems.com
Union Tractor Ltd. 2022-03-01 - Unknown
Nisku, Alberta · www.uniontractor.com
Wholesale Produce Supply Co. 2021-10-29 - Secondary Sale
Minneapolis, Minnesota · www.wholesaleproduce.cc
HN Precision Co. 2021-04-01 - Unknown
Lake Bluff, Illinois · www.hnprecision.com
Command Fishing & Pipe Recovery Ltd. 2020-06-01 - Unknown
Leduc, Alberta · www.fishingsolutions.ca
JMH International LLC 2019-12-12 - Trade Sale
Salt Lake City, Utah · www.jmhpremium.com
Impact Confections, Inc. 2019-12-10 - Trade Sale
Janesville, Wisconsin · www.impactconfections.com
HN Precision Co. 2017-12-01 - Secondary Buyout
Lake Bluff, Illinois · www.hnprecision.com
Behrens Manufacturing LLC 2016-12-01 - Secondary Buyout
Winona, Minnesota · www.behrensmfg.com
View All >>

M&A by Sector

Sector Current # Value All-time # Value
Energy Services and Equipment - - 3 (23%) -
Distribution - - 2 (15%) -
Food - - 2 (15%) -
Manufacturing 1 (25%) - 2 (15%) -
Information Technology 1 (25%) - 1 (8%) -
Machinery - - 1 (8%) -
Packaging 1 (25%) - 1 (8%) -
Technology Hardware 1 (25%) - 1 (8%) -
Total 4 - 13 -

Acquisitions By Geo

State/Country Current # Value All-time # Value
United States 4 (100%) - 10 (77%) -
  Minnesota 2 (50%) - 3 (23%) -
  Illinois 1 (25%) - 2 (15%) -
  Wisconsin - - 2 (15%) -
  Missouri 1 (25%) - 1 (8%) -
  Utah - - 1 (8%) -
  North Dakota - - 1 (8%) -
Canada - - 3 (23%) -
  Alberta - - 3 (23%) -
Domestic 4 (100%) - 10 (77%) -
Cross-border - - 3 (23%) -
Total 4 - 13 -

Acquisitions by Deal Type

Type Current # Value All-time # Value
Buyout (LBO, MBO, MBI) 2 (50%) - 7 (54%) -
Secondary Buyout 1 (25%) - 4 (31%) -
Growth Capital - - 1 (8%) -
Recapitalization 1 (25%) - 1 (8%) -
Total 4 - 13 -

Exits by Deal Type

Type Total # Value
Unknown 4 (57%) -
Trade Sale 2 (29%) -
Secondary Sale 1 (14%) -
Total 7 -

Top M&A Advisors

Legal Deals
Borden Ladner Gervais
1

M&A Connections

Deals
Acquired from
Investor(s)
31%
4 (31%)
Exited to
Investor(s)
14%
1 (14%)
Strategic(s)
29%
2 (29%)

FAQ

When was Mill City Capital founded?

Mill City Capital was founded in 2010.

What type of investor is Mill City Capital?

Mill City Capital is a private equity firm.

Where is Mill City Capital headquartered?

Mill City Capital is headquartered in Wayzata, Minnesota.

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