Milton Street Capital
Overview
Milton Street Capital is a Houston-based private equity firm specializing in control investments within the North American lower middle market industrial sector. The firm seeks to generate market-leading returns by transforming companies into sustainably great businesses through active engagement in strategy, human capital, and commercial and operational improvements. Prior to forming Milton Street in 2016, the founding team worked together for over a decade at a large and highly successful institutional private equity fund manager. They focus on the lower end of the middle market, where structured value creation programs can have a more meaningful impact. Their model is suited for owner-entrepreneurs and management teams seeking to grow and transform their companies. The firm has developed a consistent and repeatable process for generating value, focusing on complex transactions where they can partner with management to develop strategy, people, and processes before jointly driving commercial and operational improvement initiatives. Their values include transparency, integrity, respect, and a commitment to shared wealth creation. The team comprises professionals with diverse backgrounds in law, finance, operations, and accounting, collectively bringing over 150 years of investment experience. They have made 31 platform acquisitions and invested $1.1 billion in equity across their portfolio. Their investment criteria include targeting companies with enterprise values under $100 million and typically investing $20–50 million in equity, with flexibility to adjust based on opportunity. They focus on family-owned businesses, corporate carveouts, underperforming businesses, and complex situations, emphasizing hands-on engagement in strategy, human capital, and operational enhancements. Their portfolio includes companies in trailer rental, medical refrigeration, life-science instrumentation, industrial safety equipment, and medical-device manufacturing, reflecting a mix of industrial services, specialty manufacturing, and healthcare-adjacent industrials.
Investment Focus
- Control equity investments
- Enterprise value under $100 million
- EBITDA between $5 million and $20 million
Portfolio Companies
Reach Milton Street Capital directly
Verified work email, phone and LinkedIn for the full team — one spreadsheet, one payment, yours to keep.
Unlock full contacts →Frequently asked questions about Milton Street Capital
What sectors does Milton Street Capital invest in?
Milton Street Capital invests in Financial Services, Technology, Healthcare, Energy, Consumer Goods and Real Estate, and is based in Houston, United States. Milton Street Capital is listed as a private equity in the ConnectSafely investor database.
What stage does Milton Street Capital invest at?
Milton Street Capital backs companies at Growth, Late Stage, Pre-IPO and Buyout, writing cheques of 20M - 50M.
Which regions does Milton Street Capital invest in?
Milton Street Capital invests across United States, Canada and Mexico.
Who are the partners at Milton Street Capital?
Team members listed for Milton Street Capital include Reid Shows (Vice President) and Tim Bernica (Partner).
What companies has Milton Street Capital invested in?
Milton Street Capital's portfolio includes American Trailer Rental Group, Safe Air Technology, ZXP Technologies, Kreg Therapeutics, ProVeyance and PurgeRite.
How do I contact Milton Street Capital?
Milton Street Capital's contact details — including phone and LinkedIn — are listed in the ConnectSafely investor database, along with its website and the LinkedIn profiles of its partners.
Last updated · Source: ConnectSafely investor database
