# Milton Street Capital

Milton Street Capital is a Private Equity based in Houston, United States.

## Overview

- **Organization type:** Private Equity
- **Headquarters:** Houston, United States
- **Region:** North America
- **Address:** Houston, TX, United States
- **Founded:** 2016
- **Assets under management:** Undisclosed
- **Website:** miltonstreetcap.com
- **LinkedIn:** https://www.linkedin.com/company/milton-street-capital

## Regulatory record

- **CRD number:** 304265
- **SEC file number:** 802-116831
- **Registration status:** Registered
- **Reports private funds:** Yes
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/304265

## About

Milton Street Capital is a Houston-based private equity firm focused on control investments in the North American lower middle market industrial sector. It seeks to generate market-leading returns by transforming lower middle market industrial companies into sustainably great businesses through active engagement in strategy, human capital, and commercial and operational improvements. The firm is a strategic, operationally focused team of investors that partners with strong management teams.

## Sectors

- Industrial Tech
- Healthcare Services
- Automation & Robotics
- Energy Transition & Renewables
- Mobility

## People

- Luis Barrera — Team Member
- Tim Bernica — Team Member
- Francis Carr — Team Member
- Kevin Crook — Team Member
- Bob Hogan — Team Member
- Annie Kansas — Team Member
- Emily Kelting — Team Member
- Hunter Nelson — Team Member
- Don Shaver — Team Member
- Reid Shows — Team Member

## Questions

### Who runs investment decisions at Milton Street Capital?

The firm lists ten team members on its website — including Luis Barrera, Tim Bernica, Francis Carr, Kevin Crook, Bob Hogan, Annie Kansas, Emily Kelting, Hunter Nelson, Don Shaver, and Reid Shows — but does not designate a CEO, CIO, or managing partner. The group emphasizes its decade-plus of collaboration at a prior institutional fund as the backbone of its investment committee process.

### What investment stages does Milton Street Capital typically target?

The firm pursues control buyouts, complex situations, corporate divestitures, recapitalizations, and growth equity. Its mandate concentrates on the lower middle market in North America, where it believes operational engagement can drive more structural change than in larger, more scrutinized transactions.

### Does Milton Street Capital participate in fund commitments or only direct deals?

Milton Street describes itself as making direct control investments through platform acquisitions. It has not publicly disclosed any fund-of-funds commitments or passive LP stakes, and its portfolio page lists only direct operating companies.

### Which industries does Milton Street Capital explicitly focus on?

The firm targets the industrial sector broadly. Its disclosed portfolio includes companies in trailer rental, medical refrigeration, life-science instrumentation, industrial safety equipment, and medical-device manufacturing, reflecting a mix of industrial services, specialty manufacturing, and healthcare-adjacent industrials.

### How does Milton Street source proprietary deal flow?

The firm credits its repeatable value-creation playbook and the founding team's multi-decade network as primary origination channels. It targets complex, less-auctioned transactions — spin-offs, carve-outs, and owner-entrepreneur successions — where its operational transformation model can serve as both a sourcing wedge and a differentiator.

## Related profiles

- [Milton Retirement Board](https://altss.com/profile/milton-retirement-board)
- [Milwaukee Company](https://altss.com/profile/milwaukee-company)

---

Last updated: 2026-08-11T15:07:26.757Z

Canonical page: https://altss.com/profile/milton-street-capital

Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology