Strategic Expansion: Milrose Consultants Welcomes ARC Services
Milrose Consultants, a prominent provider of building code compliance and consulting solutions, has taken a significant step in its growth strategy by acquiring ARC Private Provider Services, Inc. and Plans Runner, Inc. This marks Milrose's thirteenth acquisition since its partnership with Southfield Capital and strengthens its presence in the competitive market.
ARC, recognized for its expertise in permitting and code compliance services, specializes in expediting processes for customers through an efficient plans review and inspections system. With ten years of operations, ARC has played a pivotal role in supporting numerous public and private construction projects by providing quality services in the industry.
This acquisition signals a strategic move for Milrose, allowing it to broaden its core permitting and special inspections capabilities into a new geographical area. The close-knit relationships ARC has forged with various building departments will enable Milrose to offer better services to its national accounts while enhancing the overall effectiveness of their operations.
Ricardo Bermudez, President of ARC, commented on the new partnership, highlighting the exciting prospects for both organizations. He emphasized that joining forces opens doors for delivering enhanced value across multiple markets while bolstering relationships within the Milrose network.
Dominic Maurillo, CEO of Milrose Consultants, expressed enthusiasm for the acquisition, noting that ARC's profound knowledge in local permitting and inspections aligns seamlessly with Milrose's commitment to high-quality service delivery. This move not only strengthens the company’s competitive edge but also promotes greater responsiveness in the South Florida region, ensuring clients receive comprehensive support throughout the construction process.
Chris Grambling, Southfield Partner, described the acquisition as a key milestone in their ongoing mission to extend Milrose's geographic reach and service offerings. He expressed excitement about collaborating with the ARC team, anticipating that their combined expertise will provide enhanced solutions for clients.
The legal aspects of the acquisition were managed by Wiggin and Dana LLP, while Monroe Capital facilitated the necessary financing for Milrose and Southfield Capital, ensuring a smooth transition and operational continuity.
About Milrose Consultants
Milrose Consultants is a leading authority in the realm of building code consulting and municipal expediting, headquartered in New York City with offices nationwide. Businesses depend on Milrose for a comprehensive array of services, including permitting, regulatory filings, special inspections, and more. Their breadth of expertise spans multiple sectors including commercial, multi-family residential, retail, industrial, healthcare, and education, solidifying their status as a trusted partner for complex code compliance needs.
About Southfield Capital
Southfield Capital is committed to investing in high-growth, lower middle market firms within the business services sphere. Focused on companies with annual EBITDA ranging from $4 to $20 million, Southfield collaborates with management teams to propel growth via a mix of organic development and strategic acquisitions.
Frequently Asked Questions
What does Milrose Consultants do?
Milrose Consultants specializes in building code compliance, offering a wide range of services including permitting, inspections, and regulatory filings across various industries.
What is the significance of acquiring ARC Private Provider Services?
The acquisition allows Milrose to expand its services into new markets, particularly enhancing its permitting and inspection offerings in South Florida.
Who is Ricardo Bermudez?
Ricardo Bermudez is the President of ARC Private Provider Services, who offered insights into the benefits of the partnership with Milrose Consultants.
How long has ARC been in operation?
ARC Private Provider Services has been operational for a decade, specializing in permitting and compliance services for construction projects.
What type of companies does Southfield Capital invest in?
Southfield Capital invests primarily in lower middle market companies in the business services sector, focusing on firms with EBITDA between $4-$20 million.
