Milrose Consultants Acquires Construction Specifications, Inc. in Strategic Move
Deal News | Dec 16, 2024 | Southfield Capital Advisors LL
Southfield Capital, a private equity firm specializing in lower middle market companies, announced the acquisition of Construction Specifications, Inc. (CSI) by its portfolio company, Milrose Consultants. This acquisition, which is the eleventh strategic move by Milrose since partnering with Southfield, aims to enhance Milrose's capabilities in building code compliance and consulting by integrating CSI's expertise in architectural specification writing and consulting. The combination of Milrose and CSI is expected to leverage both companies' strengths to deliver a broader range of services across diverse geographic areas and industries including government, education, and commerce. This acquisition underscores Southfield Capital's strategy of scaling portfolio companies through both organic growth and targeted acquisitions. Legal counsel was provided by Wiggin and Dana LLP, and Monroe Capital facilitated financing for the transaction.
Sectors
- Building Code Compliance and Consulting
- Architectural Specification Writing
- Private Equity
Geography
- United States – The acquisition involves U.S.-based companies and expands Milrose Consultants' national footprint across the United States.
Industry
- Building Code Compliance and Consulting – Milrose Consultants specializes in building code compliance solutions, playing a critical role in construction and renovation projects by ensuring legal and regulatory standards are met.
- Architectural Specification Writing – Construction Specifications, Inc. offers expertise in architectural specification writing, a crucial service for ensuring architectural projects meet required specifications and quality standards.
- Private Equity – Southfield Capital is a private equity firm focusing on investments in high-growth companies, especially in the outsourced business services sector.
Financials
- Undisclosed – The financial terms of the acquisition were not disclosed in the article.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Milrose Consultants | Acquiring Company | Company | A national leader in building code consulting and compliance services. |
| Construction Specifications, Inc. | Target Company | Company | A New Jersey-based firm specializing in architectural specification writing and consulting. |
| Southfield Capital | Private Equity Firm | Company | A private equity firm investing in high-growth lower middle market companies. |
| Wiggin and Dana LLP | Legal Advisor | Company | Provided legal counsel for the acquisition. |
| Monroe Capital | Financing Provider | Company | Provided financing for the transaction to Milrose and Southfield Capital. |
| Aaron Pine | CEO of Construction Specifications, Inc. | Person | CEO of CSI, expressing excitement about the acquisition. |
| Dominic Maurillo | CEO of Milrose Consultants | Person | CEO of Milrose, commenting on the strategic benefits of the acquisition. |
| Chris Grambling | Partner at Southfield Capital | Person | Southfield Capital partner commenting on the acquisition's alignment with their growth strategy. |