Dec 29, 2017
Mill Point Capital Invests in Dejana Industries
Dejana Industries Enters Next Phase of Growth Under Mill Point Capital’s Ownership
Port Washington, NY – December 29, 2017 – Dejana Industries (“Dejana”), a diversified municipal services and facility maintenance business, announced that it has partnered with Mill Point Capital, a middle-market private equity firm focused on control-oriented investments in North America. Founder Peter Dejana will retain a significant ownership stake in the company. Employing an Executive Partner model, the Mill Point team has extensive experience investing in business services and industrial companies, including the recent acquisitions of KKSP Precision Machining and Avenu Insights & Analytics.
Over its 55-year history, Dejana has successfully established itself as the industry leader in large-scale snow melting and removal for airports and marine air terminals. Dejana’s uniquely designed snow-melters are widely recognized as best-in-class and enable the company to satisfy the mission-critical requirements of the some of the largest airports in the United States.
Antony Besso, an Executive Partner with Mill Point, said, "Under the leadership of Peter Dejana and his management team, Dejana Industries has grown into a true market leader in the snow removal industry. We hope to continue Peter’s legacy and look forward to further enhancing the company’s industry-leading service capabilities for our customers.”
About Dejana Industries
Headquartered in Port Washington, NY, Dejana industries is a diversified municipal services and facility maintenance business providing snow removal and melting, street sweeping, catch-basin cleaning and solid waste removal services to both public and private sector customers. The company was founded in 1962 and has long been the industry leader in large-scale snow melting and removal for airports and marine terminals. For more information, please visit www.dejanaindustries.com.
About Mill Point Capital
Mill Point Capital is a middle-market private equity firm focused on control-oriented investments in the business services and industrial sectors. The firm works with Executive Partners to leverage its investment professionals' experience while providing strategic and operational guidance designed to drive long-term value creation in its portfolio companies. Mill Point is based in New York, NY. For more information, please visit www.millpoint.com.