Investment Focus & Thesis

Mill City Capital focuses on companies with established market positions and growth potential: Investment Range Equity investments typically ranging from $15M-$75M in companies with enterprise values of $50M-$250M+. Sector Focus Manufacturing, business services, healthcare services, and consumer products. Manufacturing — Specialized manufacturing, industrial products, and engineered solutions Business Services — Professional services, outsourcing, and specialty services Healthcare Services — Healthcare delivery, medical services, and health-tech Consumer Products — Branded products, consumer goods, and lifestyle brands Distribution — Wholesale distribution and supply chain solutions

Notable Portfolio Companies

Mill City Capital has built a diverse portfolio of middle-market companies: Company Sector Notes Pioneer Exhibits Manufacturing Trade show exhibits Fulbright Corporation Consumer Products Kitchen and home products North American Hockey League Sports Youth hockey league Pioneer Boring Manufacturing Horizontal directional drilling DataDimensions Business Services Data processing services Surgent Education Professional education Mill City Capital has successfully grown and exited portfolio companies through strategic sales and recapitalizations.

What Mill City Capital Looks For

Based on their investment approach, Mill City Capital evaluates companies based on: Proven business model — Established companies with track record of profitability Market position — Strong competitive position in attractive markets Growth potential — Clear opportunities for revenue growth and margin improvement Strong management — Experienced teams committed to growth Value creation — Clear thesis for how Mill City can help accelerate growth }> Pro Tip Mill City Capital is known for their hands-on approach and operational expertise. They look for companies where they can add meaningful value beyond capital.

How to Connect With Mill City Capital

Approaching Mill City Capital requires demonstrating strong fundamentals and growth potential: 1 Demonstrate Profitability Show consistent EBITDA and cash flow generation. Mill City looks for proven business models. 2 Build Professional Financials Ensure clean financials with EBITDA of $3M+. Have detailed financial models ready. 3 Articulate Growth Strategy Be prepared to discuss specific growth initiatives, market expansion, and operational improvements. 4 Leverage Regional Networks Build relationships through regional investment bankers and business advisors.

The Value of Financial Preparedness

Companies seeking Mill City Capital investment must demonstrate strong financial infrastructure: Financial Metrics • EBITDA and cash flow • Revenue growth trajectory • Gross margins • Working capital efficiency Operational Metrics • Operational efficiency • Customer concentration • Revenue per employee • Key performance indicators }> How Eagle Rock Helps We help middle-market companies prepare for Mill City Capital investment by building robust financial infrastructure and due diligence readiness.

Frequently Asked Questions