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Private Equity
FINANCE | Investment Firms & Funds
millpoint.com

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Investments

8

Portfolio Exits

4

Funds

3

Partners & Customers

4

About Mill Point Capital

Mill Point Capital is a middle-market private equity firm focused on control-oriented investments in strong and established businesses.

Mill Point Capital Headquarter Location

104 W 40th Street 5th Floor

New York, New York, 10018,

United States

212-416-5800

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Latest Mill Point Capital News

GlacierPoint Enterprises Acquires Southern Ice Cream and Gourmet Foods

Jun 30, 2022

The strategic combination further strengthens GlacierPoint’s focus on exceptional customer service and continues the expansion of the platform’s distribution footprint. June 30, 2022 09:49 AM Eastern Daylight Time THE BRONX, N.Y.--( BUSINESS WIRE )--GlacierPoint Enterprises, Inc. (“GlacierPoint”), a portfolio company of Mill Point Capital LLC (“Mill Point”) and the parent company of E&M Logistics, Jack & Jill, A. Panza & Sons and Gillette Creamery, announced today that it has acquired Southern Ice Cream and Gourmet Foods (“Southern”), a full-service distributor of ice cream and related products throughout the Carolinas. The GlacierPoint and Southern partnership expands the combined company’s geographic footprint, now extending from South Carolina north to the U.S./Canadian border. The consolidated resources and capabilities of GlacierPoint and Southern provide a unique opportunity to deliver a level of customer service and care that is targeted to exceed current industry norms. Kim and Chance DelCastillo, second-generation owners of Southern, will continue in a senior advisory capacity, while Bailey Jordan, General Manager at Southern, will lead the operations as President of the newly formed GlacierPoint Carolinas division in conjunction with the existing senior leadership team of GlacierPoint. “The establishment of the Carolinas division is a momentous landmark for GlacierPoint in our efforts to further elevate customer and supplier relationships over a rapidly expanding service territory. Underpinned by the strength and depth of the foundation built by Kim and Chance, the addition of the Carolinas division stands as our latest extension of GlacierPoint’s unwavering commitment and dedication to the flawless execution of our business model,” commented Jim Schubauer, CEO and Executive Chairman of GlacierPoint. Kim DelCastillo added, “Since our founding in 1978, we’ve prided ourselves in conducting business under the same core principle of exceptional customer service embodied by what we immediately saw in GlacierPoint. Chance and I felt the opportunity to join such an exciting story and share in the development of that vision with the rest of the GlacierPoint team is an incredible opportunity for us and we look forward to helping build this tremendous platform.” About Southern Ice Cream and Gourmet Foods Southern is a full-service distributor of ice cream and related products to grocery stores, convenience stores, pharmacies and scoop shops, mainly operating in North and South Carolina. Southern primarily distributes Nestlé ice cream and frozen products, as well as Wells ice cream (Blue Bunny), Mars, Tropicale and other frozen and fresh products. Southern is a second-generation family-owned business with over 45 years of operating history and is based in Charlotte, NC. About GlacierPoint Enterprises Headquartered in The Bronx, NY, GlacierPoint is a leader in Direct Store Delivery (“DSD”) distribution, serving as the exclusive DSD distributor of Nestlé products, Häagen-Dazs and Unilever ice cream, as well as other fresh and frozen products, spanning the New York Metro area through the Mid-Atlantic region. GlacierPoint distributes to a broad customer base comprised of grocery store chains, independent supermarkets, delis, drugstores, convenience store chains and foodservice customers. GlacierPoint is recognized as a leading distribution partner to suppliers and retailers with an extensive history of dependability, reliability and consistency. For more information, please visit www.glacierpointenterprises.com . About Mill Point Capital Mill Point Capital LLC is a private equity firm focused on control investments in lower-middle market companies in North America across the business services, IT services and industrials sectors. Mill Point’s experienced team of investors and Executive Partners seek portfolio company value enhancement through rigorous implementation of transformative strategic initiatives and operational improvements. Mill Point is based in New York, NY. For more information, please visit www.millpoint.com . Contacts

Mill Point Capital Investments

8 Investments

Mill Point Capital has made 8 investments. Their latest investment was in Cancos Tile & Stone as part of their Private Equity on May 5, 2022.

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Mill Point Capital Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

5/4/2022

Private Equity

Cancos Tile & Stone

Yes

1

9/8/2021

Private Equity

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10

7/5/2018

Private Equity - II

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10

12/7/2017

Private Equity

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10

Other Investors

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0

Date

5/4/2022

9/8/2021

7/5/2018

12/7/2017

Round

Private Equity

Private Equity

Private Equity - II

Private Equity

Other Investors

Company

Cancos Tile & Stone

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Amount

New?

Yes

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Co-Investors

Sources

1

10

10

10

0

Mill Point Capital Portfolio Exits

4 Portfolio Exits

Mill Point Capital has 4 portfolio exits. Their latest portfolio exit was KKSP Precision Machining on June 28, 2022.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

6/28/2022

Corporate Majority

$99M

1

9/23/2021

Acquired

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$99M

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10

12/28/2020

Acq - Fin - II

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$99M

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10

12/24/2020

Shareholder Liquidity

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$99M

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10

Date

6/28/2022

9/23/2021

12/28/2020

12/24/2020

Exit

Corporate Majority

Acquired

Acq - Fin - II

Shareholder Liquidity

Companies

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Valuation

$99M

$99M

$99M

$99M

Acquirer

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Sources

1

10

10

10

Mill Point Capital Acquisitions

10 Acquisitions

Mill Point Capital acquired 10 companies. Their latest acquisition was Reel Broadband on April 05, 2021.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

4/5/2021

$99M

Acq - Fin

2

2/5/2021

$99M

Acq - Fin

1

4/14/2020

$99M

Acq - Fin

5

9/10/2019

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$99M

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10

8/19/2019

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$99M

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10

Date

4/5/2021

2/5/2021

4/14/2020

9/10/2019

8/19/2019

Investment Stage

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Total Funding

Note

Acq - Fin

Acq - Fin

Acq - Fin

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Sources

2

1

5

10

10

Mill Point Capital Fund History

3 Fund Histories

Mill Point Capital has 3 funds, including Mill Point Capital Partners II.

Closing Date

Fund

Fund Type

Status

Amount

Sources

2/11/2021

Mill Point Capital Partners II

$886M

2

6/1/2018

Mill Point Capital Partners

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$99M

10

Mill Point Capital Partners II-A

10

Closing Date

2/11/2021

6/1/2018

Fund

Mill Point Capital Partners II

Mill Point Capital Partners

Mill Point Capital Partners II-A

Fund Type

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Status

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Amount

$886M

$99M

Sources

2

10

10

Mill Point Capital Partners & Customers

4 Partners and customers

Mill Point Capital has 4 strategic partners and customers. Mill Point Capital recently partnered with Cancos Tile & Stone on May 5, 2022.

Date

Type

Business Partner

Country

News Snippet

Sources

5/4/2022

Distributor

United States

Mill Point Capital Partners with Cancos Tile & Stone

The partnership with Mill Point Capital LLC secures the resources necessary to continue our long-term growth trajectory , and we are beyond excited for the Company 's next chapter . ''

1

9/7/2021

Partner

United States

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10

2/5/2021

Partner

United States

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10

11/30/2017

Partner

United States

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10

Date

5/4/2022

9/7/2021

2/5/2021

11/30/2017

Type

Distributor

Partner

Partner

Partner

Business Partner

Country

United States

United States

United States

United States

News Snippet

Mill Point Capital Partners with Cancos Tile & Stone

The partnership with Mill Point Capital LLC secures the resources necessary to continue our long-term growth trajectory , and we are beyond excited for the Company 's next chapter . ''

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Sources

1

10

10

10

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