Tower Arch Capital Partners with Miller Industries
Tower Arch Capital is thrilled to announce its new partnership with Miller Industries Holdings, representing a major step forward for both companies. This collaboration is designed to harness the unique strengths of each organization, fostering future growth and innovation.
Overview of Miller Industries
Established in 2014 and located in Fenton, MI, Miller Industries has become a leading designer and manufacturer of advanced custom modular systems. Their product lineup includes air handling units, central utility plants, and electrical substations. They serve a wide array of industries, such as electric vehicles, data centers, and semiconductors, showcasing their dedication to quality and cutting-edge innovation.
Leadership Perspectives
Co-CEO Matt Miller expressed his excitement about the partnership with Tower Arch Capital, noting how it aligns seamlessly with their growth plans. He underscored the company's commitment to being an essential partner for clients who are expanding their facilities. Miller Industries has focused on building strong relationships, which in turn improves project delivery and overall performance.
Chad Miller, also Co-CEO, voiced his appreciation for the hard work of their dedicated team in turning the company into a trusted leader within their industry. He pointed out that this collaboration is set to boost production expansion and enhance the value they offer across their target markets. The resources and expertise from Tower Arch will play a crucial role in seizing the opportunities available in their field.
Market Position and Future Aspirations
David Topham, a Partner at Tower Arch Capital, shared his enthusiasm about the partnership, emphasizing that Miller Industries has gained a reputation for providing exceptional value through personalized solutions. The company is leading the charge towards modular, off-site manufacturing, which positions it for significant growth and leadership within the market.
David Calder, another Partner at Tower Arch, highlighted how this partnership will further solidify Miller Industries as a key player in modular building systems. With the Miller family reinvesting alongside Tower Arch, there is a strong commitment to collaborate on shared goals and successes.
While the specifics of the transaction are confidential, it is known that financing has been secured through prominent financial institutions, underscoring robust support for this venture.
About Tower Arch Capital
Based in Salt Lake City, UT, Tower Arch Capital is a private equity firm focused on partnering with high-quality, family-owned businesses. Their goal is to deliver long-term value for both company management and investors. With a solid track record in offering operational and financial expertise to their portfolio companies, Tower Arch aims to foster growth in businesses with EBITDA ranging from $5 million to $30 million.
Frequently Asked Questions
What is the purpose of the partnership between Tower Arch Capital and Miller Industries?
The goal of the partnership is to promote growth and expand opportunities for Miller Industries, utilizing the expertise and resources of Tower Arch Capital.
What types of products does Miller Industries focus on?
Miller Industries specializes in customized modular systems, which include air handling units, electrical substations, and central utility plants, catering to various high-demand sectors.
How will the partnership influence Miller Industries' operations?
This partnership is expected to enhance Miller Industries' growth, expand production capabilities, and improve market value offerings.
Who are the main leaders at Miller Industries?
The primary leaders are Co-CEOs Matt Miller and Chad Miller, who are instrumental in guiding the company’s strategic direction and operational success.
What type of companies does Tower Arch Capital typically invest in?
Tower Arch Capital focuses on high-quality, family-owned businesses, aiming to establish long-lasting partnerships while providing operational and financial support to facilitate their growth.
