MILL CITY CAPITAL, L.P.
MILL CITY CAPITAL, L.P. is a Series C+ and buyout fund in Midwestern US and Canada writing $5M–$20M checks into Consumer and industrial.
- Stages
- Series C+, buyout
- Sectors
- Consumer, industrial
- Check size
- $5M–$20M
- Invests in
- Midwestern US, Canada
- Actively investing
- Yes
- Founded
- 2010
- Assets under management
- $250M
Thesis
Mill City Capital, L.P. is a private equity firm founded in 2010, specializing in control-oriented and minority equity investments in lower middle-market companies with enterprise values between $15 million and $150 million and EBITDA between $2 million and $15 million. Their investment strategy emphasizes the Midwestern United States and central/western Canada, particularly the Upper Midwest states. The firm targets companies in the industrial and consumer sectors, avoiding banking, real estate, media, healthcare, and technology. They seek profitable companies with strong competitive advantages and growth potential, preferring control stakes. Typical equity investments range from $5 million to $20 million, with a hold period of 5-7 years. They also consider add-on acquisitions and occasional stand-alone investments in consolidating industries. The firm has approximately $250 million in AUM.
Common questions
Does MILL CITY CAPITAL, L.P. invest at the Series C+ stage?
Yes. MILL CITY CAPITAL, L.P. lists Series C+ and buyout among the stages it invests in.
What check size does MILL CITY CAPITAL, L.P. write?
MILL CITY CAPITAL, L.P. writes $5M–$20M checks.
Where does MILL CITY CAPITAL, L.P. invest?
MILL CITY CAPITAL, L.P. invests in Midwestern US and Canada.