November 1st, 2024 – Richmond, VA – Sparkstone Capital Advisors, LLC (“Sparkstone”) is pleased to announce the sale of the Milford Companies (“Milford”) to Winsupply, Inc. (“Winsupply”). Sparkstone served as the exclusive capital advisor for Milford. The details of the purchase have not been disclosed.
Milford is a full-service solutions provider for the infrastructure market, offering design, supply and support services for projects across the U.S. The privately held Company was founded in 1972 from a single location in New Mexico. Milford has grown to over five locations across Texas, Oklahoma, and New Mexico since then.
Shawn Beard, Mildford CEO and owner, had this to say about the transaction, “The Winsupply partnership honestly checked all the boxes for what was important to me personally and professionally.” He added further, “Milford is over 50 years old. There have been many people who were critical to the success and stewardship of its legacy. Along the way, many ‘heroes’ stepped up and did what was needed to ensure Milford’s legacy was achieved and protected. I am honored to be one of the many over the last 23 years.”
Winsupply is one of America’s leading suppliers of materials for residential and commercial construction. The company owns a majority equity stake in more than 660 local companies across the U.S. Its business model is predicated on a shared-ownership structure that provides local entrepreneurs with autonomy to serve their customers on how they see fit, while also allowing them to share in risks and rewards of ownership.
When asked about the acquisition, Greg Holbrock, Winsupply Vice President of Mergers and Acquisitions, said, “Winsupply is excited to expand its growth within the PVF and Water Works industry in Texas, New Mexico, and Oklahoma.” Mr. Holbrock further stated, “We could not be more excited to add this organization to the Winsupply Family of Companies, where we provide best-in-class supplies and service to our customers. The partnership will position Winsupply for continued strategic growth opportunities and expand the organization’s waterworks portfolio.”
Sparkstone is a financial advisory firm focused on mergers, acquisitions, and capital raising in the energy and industrial sectors. It was founded in 2018 by three partners with decades of collective energy M&A experience. The firm’s goal is to provide independent and unbiased client service, execute transactions efficiently with senior-level bankers, and develop meaningful long-term relationships. More information can be found at www.sparkstonecap.com.