About the company
Company: Millrock Technology
Industries: Healthcare, Industrial
Description: Millrock Technology (“Millrock”) is a leading manufacturer of customizable freeze dryers for the pharmaceutical and biotechnology industries. The Company’s freeze dryers are used in laboratory and commercial settings for R&D, pilot, and full production purposes.
Location: Kingston, NY
Transaction details
THE SITUATION
- Ownership was open to a long-term partnership that could provide a durable long-term solution as historical leadership had transitioned away from day-to-day involvement.
The business had several operational and commercial nuances that required thoughtful positioning and proactive planning to support diligence and ensure a smooth process.
SMC’s CUSTOMIZED SOLUTION
- SMC tailored the investment story around Millrock’s differentiated position in customized freeze-drying equipment and its importance to mission-critical pharma and biotechnology workflows, emphasizing the Company’s relevance across the full customer lifecycle from R&D through commercial production.
SMC proactively framed and managed key diligence themes, contextualizing operational sensitivities, setting expectations with stakeholders, helping maintain trust and momentum through a complex process, and ultimately enabling a successful close.
