#United States #Southfield Capital #Greenwich #Milrose Consultants #ARC Private Provider

Milrose Consultants Expands Footprint with Acquisition of ARC Private Provider Services

In a significant move within the construction consulting industry, Milrose Consultants, a prominent provider of building code compliance and consulting solutions, has successfully acquired ARC Private Provider Services, Inc. and Plans Runner, Inc., collectively known as ARC. This transaction, announced by Southfield Capital, represents Milrose's thirteenth acquisition since collaborating with Southfield and marks its inaugural entry into the burgeoning Florida market.

ARC has established itself as a specialist in providing permitting and code compliance services tailored to expedite project timelines for customers in Florida. With close to a decade of experience, the firm has been instrumental in overseeing the successful permitting of billions of dollars in public and private construction work statewide. This strategic acquisition will greatly benefit Milrose by allowing it to enhance its permitting and special inspections services specifically in South Florida.

The partnership with ARC is poised to strengthen Milrose’s market presence by leveraging ARC's robust regional network and its deep-rooted relationships with local building departments. This allows Milrose to provide superior service to national accounts operating in Florida and to facilitate a unique third-party review and inspection service that is exclusive to the state. Consequently, this collaboration aims to create faster permitting approval processes and comprehensive inspection packages for large-scale projects.

Ricardo Bermudez, President of ARC Private Provider Services, expressed his enthusiasm regarding the partnership, stating, “Partnering with Milrose Consultants opens the door to new opportunities to deliver value across a broader range of markets and deepens relationships throughout the Milrose Companies. We’re excited to merge our strengths to drive innovation in the industry across our permitting, Alternative Plans Review, and Inspections Program offerings.”

Dominic Maurillo, CEO of Milrose Consultants, echoed similar sentiments, adding, “We are thrilled to welcome Ricardo, Nate, and the incredibly talented team at ARC into the Milrose family. ARC's profound expertise in Florida permitting, private provider inspections, and third-party plan reviews not only expands our capabilities but also fortifies our position to deliver end-to-end code compliance solutions for clients with complex needs in key regional markets.”

Milrose is dedicated to providing comprehensive, high-quality support through every stage of the construction process. This acquisition is a testament to their dedication to improving local presence and responsiveness in South Florida while enhancing their overall service capability.

Expounding on this acquisition, Chris Grambling of Southfield Capital pointed out, “The addition of ARC to Milrose represents another milestone in our mission to expand Milrose’s geographic coverage and range of services as a national provider of building compliance consulting. We are excited to collaborate with Ricardo and his team to deliver even more value to our clients.”

Legal counsel for this transaction was provided by Wiggin and Dana LLP, while Monroe Capital extended financing to both Milrose and Southfield Capital.

About Milrose Consultants

Milrose Consultants is recognized as a national leader in building code consulting and municipal expediting, with a base in New York City and offices across the country. The firm is committed to delivering end-to-end compliance services, encompassing permitting, code zoning, regulatory filing, special inspections, façade inspections, and thorough due diligence research. Milrose’s client base spans various dynamic industries, including commercial, multi-family residential, retail, industrial, healthcare, and academia.

For more information about Milrose Consultants, visit www.milrose.com.

About Southfield Capital

Southfield Capital is a private equity firm that invests in high-growth, lower middle market companies within the business services sector. Focused on companies with EBITDA ranging from $4 to $20 million, Southfield partners with management teams to foster growth through both organic development and acquisition strategies.

For additional details, visit www.southfieldcapital.com.