M&A Deal Summary

Mill Hill Capital Acquires Tag Aero

On March 27, 2020, private equity firm Mill Hill Capital acquired business services company Tag Aero from AFM Capital Partners

Acquisition Highlights
  • This is Mill Hill Capital’s 1st transaction in the Business Services sector.
  • This is Mill Hill Capital’s 1st transaction in the United States.
  • This is Mill Hill Capital’s 1st transaction in South Carolina.
Investment Fate
  • Tag Aero was sold to a strategic buyer in 2024.

M&A Deal Summary

Date 2020-03-27
Target Tag Aero
Sector Business Services
Buyer(s) Mill Hill Capital
Sellers(s) AFM Capital Partners
Deal Type Secondary Buyout

Target

Tag Aero

Rock Hill, South Carolina, United States
Tag Aero provides customers comprehensive APU solutions including LRU repairs, sales, procurement, leasing, and exchange. Tag Aero was founded in 2012 and is based in Rock Hill, South Carolina.

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Buyer(S) 1

DESCRIPTION

Mill Hill Capital is a family investment firm focused on lower to middle-market companies with sustainable business models. Mill Hill prefers control investments in businesses with EBITDA of $2 to $50 million. The Firm supports acquisitions, recapitalizations, founder liquidity, and special situations. Mill Hill invests in a variety of industries but primarily focuses on aerospace, automotive, defense, industrials, healthcare, consumer goods, and building products. Mill Hill Capital was founded in 2013 and is based in Naples, Florida.


DEAL STATS #
Overall 1 of 1
Sector: Business Services M&A 1 of 1
Type: Secondary Buyout M&A Deals 1 of 1
State: South Carolina M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2020 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-09-30 Tag Aero

Rock Hill, South Carolina, United States

Tag Aero provides customers comprehensive APU solutions including LRU repairs, sales, procurement, leasing, and exchange. Tag Aero was founded in 2012 and is based in Rock Hill, South Carolina.

Sell -

Seller(S) 1

DESCRIPTION

AFM Capital Partners is an operationally-driven private investment firm specializing in control investments in middle-market companies across the US. The Firm partners with growth-oriented businesses and experienced management teams to provide strategic guidance, capital resources, and deep operational expertise. AFM’s sector focus spans advanced industrials, aerospace, manufacturing, and packaging, consumer goods, food, beverage, and business services. AFM Capital Partners was founded in 2017 and is based in Indianapolis, Indiana.


DEAL STATS #
Overall 1 of 2
Sector: Business Services M&A 1 of 2
Type: Secondary Buyout M&A Deals 1 of 1
State: South Carolina M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2020 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-01 Tag Aero

Rock Hill, South Carolina, United States

Tag Aero provides customers comprehensive APU solutions including LRU repairs, sales, procurement, leasing, and exchange. Tag Aero was founded in 2012 and is based in Rock Hill, South Carolina.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-01 System Beauty

Fort Worth, Texas, United States

System Beauty is a provider of Beauty and cosmetics distribution services. The company offers industry-specific logistics solution for boutique beauty brands. System Beauty was founded in 2007 and is based in Fort Worth, Texas.

Buy -