Mill Rock Capital Forms Mill Rock Advanced Materials Platform and Acquires Asbury Carbons, Inc.

April 5, 2023

Mill Rock Capital has launched a new growth platform, Mill Rock Advanced Materials LLC, and concurrently acquired Asbury Carbons, Inc. from the Riddle family and Asbury's Employee Stock Ownership Plan. As part of the deal, Stephen A. Riddle invested in the company and will remain on the board; Mill Rock named Gregg A. Jones CEO and announced several senior hires to support growth and selective acquisitions; financial terms were not disclosed.

Buyers
Mill Rock Advanced Materials LLC, Mill Rock Capital
Targets
Asbury Carbons, Inc.
Sellers
Riddle family, Asbury Carbons Employee Stock Ownership Plan
Platforms
Mill Rock Advanced Materials LLC
Industry
Manufacturing
Location
New Jersey, United States
Transaction Type
Buyout

Explore More

Related Acquisitions

Track M&A activity that matters to you

Get real-time deal alerts, build buyer lists with AI, and access our full acquisition database. Start your free trial today.