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Sector specialization is a central pillar of Mill Rock’s investment strategy. We invest in six core industry verticals where we have substantial direct operating and investment experience: Chemicals, Materials & Packaging; Distribution; Metals and Engineered Materials; Services; Specialty Manufacturing and Industrial Technology; Diversified Transportation and Logistics. More than half of our team is composed of industry leaders with significant strategic, commercial, operational, human capital and general management experience. Mill Rock industry professionals work side-by-side with the investment team through all phases of the investment process and partner with company management to help unlock value and drive performance.
Mill Rock targets well-managed specialty chemicals producers and distributors and packaging manufacturers with leading market positions, strong customer and supplier relationships and the ability to grow organically and through acquisitions. Segments of particular focus include coatings, constructions chemicals, chemical distribution, metalworking fluids, lubricants and adhesives, sealants, packaging and labels. The Mill Rock chemicals, materials and packaging team brings multiple decades of investment and direct operating experience across all facets of executive management from the chemicals, paper and packaging industries.
Current investments: Mill Rock Packaging Partners, Asbury Carbons
Mill Rock targets well-managed distributors of industrial products that serve as critical links between customers and vendors in their respective market segments. We favor relationship-based distributors that sell via distributed sales organizations through a technical, consultative selling process that may involve multiple purchasing decisionmakers and influencers. Mill Rock targets most segments of industrial supply and seeks to identify opportunities to drive growth through commercial excellence. In addition, we target enhanced profitability through best practices relating to pricing, procurement and operations. The Mill Rock distribution team brings multiple decades of investment and direct operating experience across all facets of executive management from the distribution industry.
Mill Rock targets well-managed metals and engineered materials businesses throughout the value chain with leading market positions, strong customer and supplier relationships and the ability to grow organically and through acquisitions. Segments of particular focus include recycling, processing and fabrication of both ferrous and nonferrous metals across all end markets. The Mill Rock metals team brings multiple decades of investment and direct operating experience across all facets of executive management from the metals industry.
Current investments: Venture Metals +
Mill Rock targets well-managed, solutions-oriented B2B service providers that provide outsourced skilled, semi-skilled and unskilled services and command leading market positions. We are particularly focused on service segments where the cost of failure or inefficiency is high relative to the cost of service and transparent to the customer, as well as those which are sold through a complex, multi-level selling process involving multiple purchasing influencers and decisionmakers.
Current investments: Ciso Industrial Services, Tandym Group
Mill Rock targets well-managed manufacturers of value-added industrial products. We look for companies that have defensible market positions, value-added margins, strong brands and effective sales strategies. The Mill Rock specialty manufacturing team brings multiple decades of investment and direct operating experience across all facets of executive management from the manufacturing industry.
Current investments: DRT Holdings
Mill Rock targets well-managed specialty logistics providers with leading market positions, strong customer and supplier relationships, strong cash flow profiles and the ability to grow organically and through acquisitions. The Mill Rock transportation and logistics team brings multiple decades of investment and direct operating experience across all facets of executive management from the transportation and logistics industry.
Current investments: Grammer Logistics