#United States #Southfield Capital #Greenwich #Milrose Consultants #Littlejohn

Southfield Capital Closes Milrose Consultants Sale

On June 3, 2026, Southfield Capital, a prominent private equity firm specializing in lower middle-market investments, officially announced its successful sale of Milrose Consultants to Littlejohn & Co. This acquisition signifies a strategic transition for Milrose, a recognized leader in the building compliance sector, known for its extensive services such as code consulting, permit expeditions, architectural and engineering support, and real estate compliance solutions.

Having partnered with Southfield in 2019, Milrose has undergone a remarkable transformation, escalating its reach from a New York City-centric firm to a robust national presence. With a workforce of over 435 professionals and offices established in all 50 states, the company's revenue surged more than sevenfold during this partnership. This impressive growth was bolstered by a multifaceted expansion strategy that included enhancing their service offerings, recruiting a highly skilled management team, and executing 14 strategic acquisitions to broaden its market impact.

Dominic Maurillo, Milrose's CEO since 2021, expressed his gratitude towards Southfield, stating, "Southfield has been an exceptional value-add partner and trusted advisor throughout our time working together. Their thoughtful and collaborative approach, paired with a commitment to investing in our people, has prepared Milrose for long-term success."

The backdrop to this successful sale includes a continuation vehicle transaction executed in 2023 that provided liquidity to existing investors while reinforcing confidence in Milrose's strong market position and strategic growth vision. This sale not only marks a milestone for Southfield but also highlights Milrose's readiness for the next phase of growth under the guidance of Littlejohn.

Chris Grambling, a Partner at Southfield, praised the collaboration with the Milrose team, emphasizing their joint efforts to expand the company’s reach and solidify its standing as a national leader in building code compliance. Reflecting on the road ahead, Grambling expressed confidence in the company’s ability to sustain its momentum and thrive under new ownership.

As part of this transaction, the key members from Milrose's management team are set to remain as shareholders alongside Littlejohn, ensuring continuity in leadership and vision. The specifics of the financial terms of the deal remain undisclosed, but the engagement of highly respected advisory firms such as Solomon Partners, Houlihan Lokey, and KPMG further signifies the strategic importance of this transaction to both firms involved.

Founded with a commitment to high-growth business transformations, Southfield Capital focuses on the business services sector, utilizing its deep expertise in investment and operational excellence to partner with manager-led teams. This latest transaction reinforces its track record of cultivating significant value in its investments.

As Milrose transitions into this next chapter, it continues to be positioned as a go-to resource for clients navigating the complexities of building compliance across various sectors, including commercial real estate, healthcare, and multifamily residential developments. As the company looks to the future, its foundational ethos, fortified by strategic partnerships and a talented workforce, lays the groundwork for sustained excellence and innovative solutions in building code compliance services.

In summary, the sale of Milrose Consultants represents not only a successful exit for Southfield Capital but also a bright future for Milrose under new ownership, poised for continued growth and enhanced service delivery in the national compliance landscape.