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Mill Road Capital

Mill Road Capital invests its own or fund capital, without a clearly stated strategy, from Greenwich, United States. It states a focus on consumer & retail, food & beverage and industrials & manufacturing.

Capital raised$223macross 1 SEC-filed vehicle
Most recent fund2018
HeadquartersGreenwich, United States
Largest single fund$223m

Stated investment criteria

What Mill Road Capital says it buys

Read from Mill Road Capital’s own website in August 2026. This is what the firm says it buys, not what anyone has recorded it buying, and figures are shown in the currency the firm itself used - nothing here is converted. Every line links to the page it was read from.

Founded20041

A stated mandate is a firm’s description of itself and was true of the page on the day it was read; firms widen and narrow what they will look at without updating the site. Nothing here is a commitment by Mill Road Capital to consider any particular business, and nothing on this page is represented as being for sale.

SEC filings

What Mill Road Capital has raised

From this firm's own Form D filings. A fund files one within fifteen days of its first sale, under penalty of perjury, which makes these the hardest numbers on the page.

Vehicles filed1
Total capital raised$223m
Largest single vehicle$223m
Filing history2018
Smallest accepted commitmentNone stated
Filed fromCONNECTICUT

Form D covers US-domiciled vehicles raised from accredited investors. It will not capture a fund raised outside the United States, separately managed accounts, or capital deployed off balance sheet, so treat these as a floor rather than a total.

Regulatory record

How Mill Road Capital is registered

From this firm's Form ADV, the annual filing every registered and exempt investment adviser makes to the SEC.

Adviser statusSEC registered
Regulatory assets under management$754m
Employees12
Private funds advised5 · $754m gross
SEC adviser numberCRD 157095

Portfolio

Disclosed holdings

Companies Mill Road Capital lists on its own website. No investment years are published. 2 have a recorded transaction against them in the deal archive.

CompanyInvestedYears heldRecorded transaction
Galaxy Nutritional Foods$18m 2017
Lignetics
Mother's Market & Kitchen
Noodles & Company
PRT Growing Services
RG Barry
Rubio's
Skullcandy$197m 2016
Swiss Water Decaffeinated Coffee

Compiled from Mill Road Capital’s published portfolio page. Where a recorded transaction is shown, that company was the target of a reported deal and has most likely already been realised. Nothing here is represented as being for sale.

Recorded transactions

Buying and selling

Deals in which Mill Road Capital is named as buyer or seller in the transaction archive. 1 recorded exit, most recently in 2017. 1 recorded acquisition.

CompanySideCounterpartyYearConsideration
Galaxy Nutritional FoodsSoldGreenSpace Brands2017$18m
SkullcandyBought2016$197m

Compiled from a transaction archive of 10,204 recorded deals. Most private transactions are never disclosed, so this is a sample of a firm’s activity rather than a complete record of it.

Valuation context

Transaction values in Consumer & Retail

What companies have actually sold for in consumer & retail, across 837 recorded transactions.

Median consideration$90m
Middle 50%$25m-$280m
Revenue multiple1.2×
EBITDA multiple8.05×

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Comparable investors

Similar mandates

Other other investors active in consumer & retail.