Milrose Consultants Expands Portfolio with CSI Acquisition
Southfield Capital has recently announced a major strategic move with Milrose Consultants, a top national provider of building code compliance and consulting solutions, who has successfully acquired Construction Specifications, Inc. (CSI). This acquisition marks an important milestone as it enriches Milrose's range of services, enhancing their offerings to a broader array of clients and projects.
CSI boasts an impressive 50 years in the industry, establishing itself as a leader in delivering high-quality architectural specifications. They have catered to various sectors including government entities, educational systems, commercial operations, and residential projects. The merger aims to combine the strengths of both organizations, thereby broadening the reach and improving client service capabilities.
The partnership between Milrose and CSI is poised to foster innovation in building compliance solutions. By leveraging their combined expertise, both firms can enhance their national footprint, ensuring that clients receive more comprehensive services. This collaboration is expected to lead to significant improvements in the execution of construction and renovation projects.
Aaron Pine, CEO of CSI, expressed great enthusiasm regarding the partnership. He emphasized the potential for immediate value creation in multiple markets and noted the opportunity to enhance client services under Milrose's extensive umbrella. Pine stated, "Joining forces with Milrose Consultants presents an incredible opportunity to offer immediate value in more end markets and throughout the Milrose family of companies. We are excited to combine our expertise and provide industry-leading innovation and the highest level of client service and expertise solutions to our current and new clients."
On the other hand, Dominic Maurillo, CEO of Milrose Consultants, echoed similar sentiments. He welcomed Aaron and the talented team from CSI, highlighting that their specialization in architectural specification consulting would complement Milrose's existing services. Maurillo remarked, "CSI's leading national expertise in architectural specification consulting complements our existing services and enhances our ability to provide end-to-end building compliance solutions for our clients. This acquisition underscores our commitment to delivering comprehensive, high-quality consulting services for all stages of the construction project lifecycle nationally."
Chris Grambling, a partner at Southfield, shared his views on the strategic nature of this acquisition. He noted that it marks a vital step towards strengthening Milrose's position as an industry leader. The collaboration with CSI aims to significantly enhance their service offerings and increase client value. "The addition of CSI to Milrose represents another milestone in our mission to solidify Milrose's leadership in the industry. We are thrilled to collaborate with Aaron and his team as we broaden our capabilities and deliver even greater value to our clients," he said.
Legal support for this transaction was provided by Wiggin and Dana LLP, while financing was secured through Monroe Capital, further illustrating the robust framework supporting this acquisition.
About Milrose Consultants
Milrose Consultants stands as a national leader in building code consulting and municipal expediting services. Situated in New York City with offices across the country, Milrose is highly regarded for their comprehensive building compliance offerings, which encompass permitting, regulatory filing, special inspections, and various compliance solutions. They proudly serve diverse industries such as Commercial, Multi-Family Residential, Retail, Industrial, Healthcare, and Academia.
About Southfield Capital
Southfield Capital is an established private equity firm focused on high-growth, lower middle-market companies, particularly within the outsourced business services sector. They seek to invest in businesses generating approximately $4 to 15 million in EBITDA, employing both organic growth and acquisition strategies to enhance business scalability.
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Frequently Asked Questions
What is the significance of Milrose Consultants acquiring CSI?
This acquisition strengthens Milrose's service offerings and broadens their capabilities within the construction consulting sector, allowing them to serve clients better across multiple markets.
How long has CSI been in operation?
Construction Specifications, Inc. has been a prominent player in the industry for over 50 years, specializing in architectural specifications and consulting.
What types of clients does Milrose Consultants serve?
Milrose works with a diverse clientele including government agencies, educational institutions, commercial enterprises, and residential developments.
Who are the leaders involved in this acquisition?
Aaron Pine, CEO of CSI, and Dominic Maurillo, CEO of Milrose Consultants, are key figures in this partnership, highlighting the collaboration between their teams.
What legal and financial support was involved in the acquisition?
Wiggin and Dana LLP provided legal counsel, and Monroe Capital was responsible for the financing of the transaction.
