Private Equity Firm Industrial Services

Milton Street Capital

Houston, Texas, United States

Milton Street is a Houston-based private equity firm focused on control investments in the North American lower middle market industrial sector. The firm seeks to create value by transforming companies into sustainably great businesses through active engagement in strategy, human capital, and commercial and operational improvements.

Focus Areas
Industrial control investments, Manufacturing, Distribution

Tracked deals

9

9 tracked deals across 2020-2026.

Recent pace

1

1 tracked deal announced in the last 12 months.

Deal mix

Addon

4 addon · 3 buyout · 2 recapitalization

Milton Street Capital Acquisition Volume by Year

Last 5 years

Acquisition volume by year Annual acquisition counts for the last 5 years for Milton Street Capital. 2 2020 4 2021 1 2022 1 2023 ~1 est. 1 2026
Actual Full-year estimate

Supporting Data

Recent Transactions

  • Buyer
    Milton Street Capital, EA Advisors
    Target
    Safe Air Technology
    Seller
    David Ratcliff

    Safe Air Technology (SAT) announced a majority recapitalization led by Milton Street Capital, in partnership with EA Advisors and SAT founder and CEO David Ratcliff. The investment is intended to help Safe Air automate production and expand capacity to scale mission-critical HVAC cooling solutions for data centers and industrial facilities.

  • Buyer
    Milton Street Capital, LLC
    Target
    Purge Rite, LLC

    Milton Street Capital completed a majority recapitalization investment in PurgeRite, LLC, a provider of mechanical flushing and filtration services for water-based HVAC and geothermal systems. GulfStar Group served as exclusive financial advisor; the investment will fund geographic expansion, increased capacity, and investments in people, equipment, and technology to support growth across mission-critical end markets such as data centers, semiconductor fabrication, education, and healthcare.

  • Buyer
    Milton Street Capital, ProVeyance Group
    Target
    Woodsage, LLC, Ashland Conveyor Products
    Industry
    Manufacturing
    Type
    Buyout

    Houston-based private equity firm Milton Street Capital formed ProVeyance Group by acquiring Ohio-based Woodsage and Ashland Conveyor Products and named Tim Carpenter CEO. The combined platform creates a North American manufacturer of conveyor components and subsystems to expand manufacturing capabilities, reduce supply-chain risk, and pursue further strategic acquisitions.

  • Buyer
    Milton Street Capital
    Target
    Woodsage LLC
    Industry
    Manufacturing
    Type
    Buyout

    Houston-based private equity firm Milton Street Capital has acquired Woodsage LLC, a Holland, Ohio manufacturer of specialty steel rollers and conveyor components. The acquisition is a platform investment to expand Milton Street's presence in material handling and capitalize on growth driven by e-commerce, automation, and distribution infrastructure needs.

  • Buyer
    ZXP Technologies, Milton Street Capital
    Target
    Maverick Performance Products, LLC
    Industry
    Manufacturing
    Type
    Addon

    ZXP Technologies, a Houston-based lubricants manufacturer and portfolio company of Milton Street Capital, has acquired Maverick Performance Products to broaden its finished-lubricant offerings and strengthen vertical integration. The deal gives ZXP immediate access to new end markets and private-label programs while improving supply-chain flexibility and growth potential.

  • Buyer
    American Trailer Rental Group, Milton Street Capital
    Target
    Ervin Equipment (rental fleet in Laredo, TX)
    Seller
    Ervin Equipment
    Industry
    Trucking & Fleet
    Type
    Addon

    American Trailer Rental Group (ATRG), backed by private equity sponsor Milton Street Capital, has acquired the rental fleet and location of Ervin Equipment in Laredo, Texas. The acquisition expands ATRG's Advantage Trailer Rental presence in south Texas as part of an ongoing roll-up strategy.

  • Buyer
    American Trailer Rental Group (ATRG), Milton Street Capital
    Target
    Arizona Storage Rental (ASR)
    Seller
    Terri Hackett and ASR management
    Industry
    Trucking & Fleet
    Type
    Addon

    American Trailer Rental Group (ATRG), a Milton Street Capital-backed platform, has acquired Arizona Storage Rental (ASR), adding three Arizona locations (Phoenix, Flagstaff, Tucson) and roughly 3,000 rental units to ATRG’s fleet. The deal is an add-on acquisition to expand ATRG’s geographic footprint in the U.S. Southwest and grow its national trailer rental and storage platform.

  • Buyer
    Milton Street Capital
    Target
    Life Sciences business of Worthington Industries, International Cryogenics, Inc.
    Seller
    Worthington Industries
    Industry
    Medical Devices
    Location
    United States
    Type
    Buyout

    Milton Street Capital, a Houston-based private equity firm, acquired the Life Sciences business of Worthington Industries (Theodore, AL) and International Cryogenics, Inc. (Indianapolis, IN) and combined them to form IC Biomedical. The new company will be led by Steve Shaw (CEO) and Jim Hoppel (CFO) and will focus on manufacturing cryogenic storage freezers, dewars and shippers for biomedical, pharmaceutical and research markets.

  • Buyer
    American Trailer Rental Group (ATRG), Milton Street Capital
    Target
    Advantage Trailer Leasing (Advantage Trailer LLC)
    Seller
    Richard Vilven, Garrett Vilven
    Industry
    Transportation
    Type
    Addon

    American Trailer Rental Group (ATRG), backed by equity sponsor Milton Street Capital, has completed the acquisition of Advantage Trailer Leasing, a Dallas-based trailer rental provider. The deal expands ATRG's footprint into Texas and is supported by acquisition financing from JP Morgan Chase and Gladstone Capital; Advantage founders Richard and Garrett Vilven will join ATRG's organization following the transaction.

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