Investment Summary

Mill Rock Capital and Drum Capital Management Invest In Venture Metals

On August 5, 2019, private equity firm Mill Rock Capital and distressed investor Drum Capital Management invested in environmental company Venture Metals

Investment Highlights
  • This is Mill Rock Capital’s 1st and Drum Capital Management’s 1st transaction in the Environmental sector.
  • This is Mill Rock Capital’s 3rd and Drum Capital Management’s 3rd transaction in the United States.
  • This is Mill Rock Capital’s 2nd and Drum Capital Management’s 1st transaction in Texas.

Investment Summary
Date 2019-08-05
Target Venture Metals
Sector Environmental
Investor(s) Mill Rock Capital
Drum Capital Management
Deal Type Growth Capital
Advisor(s) Deloitte (Financial)
Locke Lord (Legal)

Target

Venture Metals

Dallas, Texas, United States
Venture Metals provides high-touch recycling solutions to the industrials, manufacturing, energy and metals sectors and is a supplier of high-quality refined nonferrous and ferrous metals to domestic and international markets. Venture's fully-integrated, end-to-end business model provides customers with a highly differentiated solution for their recycling needs. Venture Metals was founded in 1986 and is based in Dallas, Texas.

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Investor(S) 2

Investor

Mill Rock Capital

Investor Investor Investor

Category Private Equity Firm
Founded 2018
Size Small
Type Sector Agnostic
DESCRIPTION

Mill Rock is a growth and operations oriented private investment firm that invests in middle-market industrial businesses in North America. Mill Rock invests in family-owned businesses, owner-operators and founder-led companies the chemicals, materials, industrial distribution, services, metals, transportation, logistics and specialty manufacturing sectors. Mill Rock Capital was established in 2018 and is headquartered in New York City.

DEAL STATS #
Overall 3 of 7
Sector (Environmental) 1 of 1
Type (Growth Capital) 2 of 3
State (Texas) 2 of 2
Country (United States) 3 of 7
Year (2019) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-11 Cisco Industrial Services

Odessa, Texas, United States

Cisco Industrial Services is a provider of equipment, services, parts, and supplies to the midstream infrastructure, general construction, agriculture, and general industrial markets. Cisco was founded in 1978 and is based in Odessa, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-01 Mill Rock Packaging Partners

New York, New York, United States

Mill Rock Packaging Partners is a specialty packaging growth platform. Mill Rock Packaging Partners was founded in 2020 and is based in New York.

Buy -
Investor

Drum Capital Management

Investor Investor Investor Investor Investor

Category Distressed Investor
Founded 2005
Size Large
Type Sector Agnostic
DESCRIPTION

Drum Capital Management is a distressed investment firm focused on primary fund commitments as well as direct, and co-investment opportunities. The Firm's primary fund investment group looks to invest in GPs targeting deep value buyouts, carve-outs, forced sales, or other special situations. The Firm's direct investment team targets control positions in North American businesses with $5 to $20 million of EBITDA and valued up to $100 million. Drum's co-investment criteria spans companies with up to $100 million of EBITDA and valued up to $750 million. Drum Capital Management was formed in 2004 and is headquartered in Stamford, Connecticut.

DEAL STATS #
Overall 3 of 5
Sector (Environmental) 1 of 1
Type (Growth Capital) 1 of 1
State (Texas) 1 of 2
Country (United States) 3 of 5
Year (2019) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-05 Hayfield Window & Door

Hayfield, Minnesota, United States

Hayfield Window & Door Company is a manufacturer of vinyl windows and doors. The company specializes in designing, manufacturing and selling high quality vinyl windows and doors to the upper Midwest residential home market. Hayfield Window & Door was founded in 1951 and is based in Hayfield, Minnesota.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-01 Showcase

Missouri City, Texas, United States

Showcase manufactures vinyl windows and doors, and distributes fiberglass composite doors for the residential market throughout the Gulf Coast. Showcase benefits from broad product offerings, desired value-add custom services and has developed an attractive niche of providing hurricane impact resistant products. Showcase was founded in 1994 and is based in Missouri City, Texas.

Buy -
Mergr

Product

Company

Legal