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M&A Deal Summary

Mill Road Capital Acquires PRT

On December 14, 2012, private equity firm Mill Road Capital acquired business services company PRT for 46M USD

Acquisition Highlights
  • This is Mill Road Capital’s 2nd transaction in the Business Services sector.
  • This is Mill Road Capital’s 4th largest (disclosed) transaction.
  • This is Mill Road Capital’s 2nd transaction in Canada.
  • This is Mill Road Capital’s 1st transaction in British Columbia.
Investment Fate
  • PRT was sold to a consortium of financial buyers in 2018.
  • PRT was sold to a consortium of financial buyers in 2021.

M&A Deal Summary
Date 2012-12-14
Target PRT
Sector Business Services
Buyer(s) Mill Road Capital
Deal Type Going Private
Deal Value 46M USD
Advisor(s) Capital West Partners (Financial)
Farris (Legal)

Target

PRT

Victoria, British Columbia, Canada
PRT is the producer of container-grown forest seedlings in North America. Forest seedlings are used to replant forests after timber is harvested. The company has the capacity to custom grow more than 180 million seedlings per year at 13 nurseries located in Canada and the United States. It also provides a variety of ancillary services to support the reforestation needs of its customers. PRT was founded in 1988 and is based in Victoria, British Columbia.

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Buyer(S) 1

Buyer

Mill Road Capital

Greenwich, Connecticut, United States
Category Private Equity Firm
Founded 2004
PE ASSETS 250M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Mill Road Capital is a private investment firm focused on partnering with publicly traded micro-cap companies in the US and Canada. The Firm pursues a variety of strategies including open market share purchases, block trades, acquisition financing, growth financing, mezzanine financing, as well as sponsoring take privates. Sectors of interest include retail, manufacturing, business services, and consumer products. The Firm was formed by former Blackstone professionals. Mill Road Capital was founded in 2004 and is based in Greenwich, Connecticut.

DEAL STATS #
Overall 6 of 14
Sector: Business Services M&A 2 of 2
Type: Going Private M&A Deals 3 of 5
State: British Columbia M&A 1 of 2
Country: Canada M&A 2 of 3
Year: 2012 M&A 1 of 1
Size (of disclosed) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-08-15 Physicians Formula Holdings

Azusa, California, United States

Physicians Formula is a mass-market cosmetics company specializing in color corrective makeup.

Sell $75M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-06-01 Destination Maternity

Moorestown, New Jersey, United States

Destination Maternity Corp. is a designer and retailer of maternity apparel. Destination Maternity Corp. operates 2,008 retail locations in the United States and Canada, including 625 stores, predominantly under the tradenames Motherhood Maternity®, A Pea in the Pod®, and Destination Maternity®, and sells on the web through its DestinationMaternity.com and brand-specific websites.

Sell -
Mergr

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Legal