Mill Road Capital was founded by a group of highly experienced investment and operating professionals as a “Berkshire Hathaway for small companies.” We focus on friendly investments in high quality, publicly traded companies under $250 million in size.
Mill Road invests on behalf of a prominent and highly respected group of limited partners including state pension funds, foundations, endowments, insurance companies and family offices. Our investors have committed their capital to Mill Road for 10 years, which allows us to have a very long investment horizon. We invest in and support companies that focus on long-term value creation, regardless of short-term performance.
Mill Road has flexible capital with the ability to purchase shares in the open market, buy large block positions from existing shareholders, provide capital for growth or acquisition opportunities, or partner with management and sponsor going-private transactions.
Similar to Warren Buffett, our preference is to directly own “a diversified group of businesses that generate cash and consistently earn above-average returns on capital. Our second choice is to own parts of similar businesses, attained primarily through purchases of marketable common stocks.” Regardless of the percent of a company we own, our guiding principal is to invest in high quality companies and support management’s focus on long-term value creation.
Mill Road’s portfolio consists of companies in a broad range of industries, including retail, manufacturing, business services, and consumer products.