Mill City Capital Mergers and Acquisitions Summary

Private Equity Firm Profile

Mill City Capital’s most common sectors for investment areenergy services and equipment (28%) and food (19%) . The Firm’s most common investment types include buyout (lbo, mbo, mbi) (55%) and secondary buyout (37%). In total, Mill City Capital has invested in 5 US states and 2 different countries.

In the last 3 years, Mill City Capital has exited 1 company. The Firm’s most common exit type is trade sale (50%).

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M&A Summary

  • M&A Total Activity15
    • M&A Buy Activity11
    • M&A Sell Activity4
  • Total Sectors Invested 6
  • Total Countries Invested 2
  • M&A Buy/Sell Connections 5
  • M&A Advisors 1

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 $30 and $200 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, Restaurants, Retail, Technology Hardware, Transportation

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

Geographic Preferences: Midwest US, West US, Canada

Transaction Criteria Min Max
Target Revenue - -
Target EBITDA 5 25
Investment Size 10 30
Enterprise Value 30 200
values in millions of USD

M&A Summary

Buy vs Sell

Year ≤ '18 '19 '20 '21 '22 '23 T
Buy (0.0/yr) # 11 - - - - - 11
Sell (0.6/yr) # 1 2 - 1 - - 4
  15

Most Recent M&A

Company Date Value Type
Wholesale Produce Supply Co. 2021-10-29 - Secondary Sale
Minneapolis, Minnesota · www.wholesaleproduce.cc
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
Command Fishing & Pipe Recovery Ltd. 2014-12-22 - Growth Capital
Leduc, Alberta · www.fishingsolutions.ca
Impact Confections, Inc. 2014-11-01 - Secondary Buyout
Janesville, Wisconsin · www.impactconfections.com
MBI Energy Services, Inc. 2014-07-01 - Unknown
Belfield, North Dakota · www.mbienergyservices.com
Horizon Hobby LLC 2014-03-05 - Buyout (LBO, MBO, MBI)
Champaign, Illinois · www.horizonhobby.com
Bonnetts Energy Corp. 2013-09-24 - Buyout (LBO, MBO, MBI)
Grande Prairie, Alberta · www.bonnettsenergy.com
View All >>

M&A by Sector

Sector Current # Value All-time # Value
Energy Services and Equipment 1 (20%) - 3 (27%) -
Distribution 1 (20%) - 2 (18%) -
Food - - 2 (18%) -
Manufacturing 2 (40%) - 2 (18%) -
Machinery - - 1 (9%) -
Technology Hardware 1 (20%) - 1 (9%) -
Total 5 - 11 -

Acquisitions By Geo

State/Country Current # Value All-time # Value
United States 3 (60%) - 8 (73%) -
  Illinois 2 (40%) - 2 (18%) -
  Minnesota 1 (20%) - 2 (18%) -
  Wisconsin - - 2 (18%) -
  Utah - - 1 (9%) -
  North Dakota - - 1 (9%) -
Canada 2 (40%) - 3 (27%) -
  Alberta 2 (40%) - 3 (27%) -
Domestic 3 (60%) - 8 (73%) -
Cross-border 2 (40%) - 3 (27%) -
Total 5 - 11 -

Acquisitions by Deal Type

Type Current # Value All-time # Value
Buyout (LBO, MBO, MBI) 2 (40%) - 6 (55%) -
Secondary Buyout 2 (40%) - 4 (36%) -
Growth Capital 1 (20%) - 1 (9%) -
Total 5 - 11 -

Exits by Deal Type

Type Total # Value
Trade Sale 2 (50%) -
Secondary Sale 1 (25%) -
Unknown 1 (25%) -
Total 4 -

Top M&A Advisors

Legal Deals
Borden Ladner Gervais
1

M&A Connections

Deals
Acquired from
Investor(s)
36%
4 (36%)
Exited to
Investor(s)
25%
1 (25%)
Strategic(s)
50%
2 (50%)

FAQ

When was Mill City Capital LP founded?

Mill City Capital LP was founded in 2010.

What type of investor is Mill City Capital LP?

Mill City Capital LP is a private equity firm.

Where is Mill City Capital LP headquartered?

Mill City Capital LP is headquartered in Wayzata, Minnesota.

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