Tower Arch Capital Partners with Miller Industries for Growth
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Tower Arch Capital Teams Up with Miller Industries
Tower Arch Capital is excited to announce its recent partnership with Miller Industries Holdings, marking a significant milestone for the company. This partnership aims to leverage the strengths of both entities to enhance future growth and innovation.
About Miller Industries
Founded in 2014 and based in Fenton, MI, Miller Industries has established itself as a premier designer and manufacturer of highly engineered custom modular systems. Their products range from air handling units and central utility plants to electrical substations. They cater to a diverse set of industries including electric vehicles, data centers, and semiconductors, demonstrating their commitment to quality and innovation.
Insights from the Leadership
Co-CEO Matt Miller shared his enthusiasm about the partnership with Tower Arch Capital, stating it aligns perfectly with their growth trajectory. He emphasized the company’s role as a vital partner for clients expanding their facilities. Miller Industries has building strong relationships, thus improving project delivery and performance.
Chad Miller, also Co-CEO, expressed gratitude towards their dedicated team for their hard work in transforming the company into a trusted industry leader. He highlighted that this partnership will accelerate production expansion and enhance value offerings across their target markets. Tower Arch's resources and expertise will be pivotal in leveraging the opportunities available in their field.
Market Position and Future Plans
David Topham, a Partner at Tower Arch Capital, expressed his excitement about the collaboration, noting that Miller Industries has built a reputation for delivering outstanding value through customized offerings. The company is at the forefront of a major trend towards modular, off-site manufacturing, positioning it well for future expansion and market leadership.
David Calder, another Partner at Tower Arch, highlighted the importance of this partnership in further strengthening Miller Industries as a key player in modular building systems. With the Miller family reinvesting alongside Tower Arch, there is a strong commitment to work together towards shared objectives and success.
The details surrounding the transaction remain confidential, but it is known that the financing has been facilitated through major financial institutions, showcasing a robust backing for this venture.
About Tower Arch Capital
Tower Arch Capital, headquartered in Salt Lake City, UT, is a private equity firm dedicated to partnering with high-quality, family-owned businesses. Their focus is on delivering long-term value for company management and investors. With a proven track record of bringing operational and financial expertise to the companies they invest in, Tower Arch aims to support growth in businesses ranging from $5 million to $30 million in EBITDA.
Frequently Asked Questions
What is the purpose of the partnership between Tower Arch Capital and Miller Industries?
The partnership aims to enhance growth and expansion opportunities for Miller Industries, leveraging the expertise and resources of Tower Arch Capital.
What products does Miller Industries specialize in?
Miller Industries specializes in custom modular systems, including air handling units, electrical substations, and central utility plants, serving various high-demand industries.
How does the partnership impact Miller Industries' operations?
The partnership is expected to accelerate Miller Industries' growth, expand its production capabilities, and improve its value offerings in the market.
Who are the key figures in the management of Miller Industries?
The key figures include Co-CEOs Matt Miller and Chad Miller, who play critical roles in driving the company’s strategy and operations.
What kind of companies does Tower Arch Capital invest in?
Tower Arch Capital focuses on high-quality, family-owned businesses and aims to create lasting partnerships, providing operational and financial support to help them grow.
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