New Mill Capital Company Profile

Background

New Mill Capital (NMC) is a national asset disposition firm specializing in the acquisition and sale of surplus production equipment and real estate assets across various manufacturing sectors, including food and beverage, personal care, processing, packaging, plastics, metalworking, transportation, and general manufacturing. Established in 2011, NMC has become one of the largest privately held equipment and real estate disposition firms in North America, with a mission to provide comprehensive asset solutions that maximize value for clients.

Key Strategic Focus

NMC's strategic focus encompasses:

Turnkey Plant Acquisitions and Sales: Purchasing and selling entire manufacturing facilities to facilitate seamless transitions for clients.

Equipment Auctions and Liquidations: Conducting auctions and liquidation sales to efficiently monetize surplus equipment.

Valuation Services: Providing accurate appraisals of equipment and real estate assets to inform client decision-making.

The company leverages its extensive industry expertise and market knowledge to serve a diverse clientele, including Fortune 500 companies and industry-leading manufacturers.

Financials and Funding

In May 2016, NMC formed a strategic partnership with J.P. Morgan Asset Management – Global Real Assets to jointly acquire surplus industrial equipment and real estate from U.S. corporations. This collaboration aimed to provide liquidity solutions to corporations seeking efficient asset disposition.

Pipeline Development

NMC has successfully acquired and repurposed over 30 million square feet of idle U.S. manufacturing facilities. Notable projects include the acquisition of the former General Mills Pillsbury plant in New Albany, Indiana, which was subsequently sold to The Sazerac Company for expansion of its processing, blending, packaging, and distribution capabilities.

Technological Platform and Innovation

NMC utilizes advanced auction platforms and proprietary valuation methodologies to streamline the asset disposition process. The company's expertise in equipment auctions and liquidations is demonstrated through successful projects for clients such as Kraft-Heinz, Nestlé, General Mills, Kellogg, Coca-Cola, and Unilever.

Leadership Team

Eric Weiler, Co-Founder and Principal: Manages tangible asset acquisition and equipment auction verticals. With a background from Michigan State University College of Packaging and The Missouri Auction School, Eric has worked with numerous Fortune 500 companies, buying and selling multi-million dollar equipment, real estate, and complete plant asset packages.

Gregory Schain, Co-Founder and Principal: Leads acquisitions and has overseen transactions involving over 30 million square feet of industrial properties. Greg holds a BA in Business Economics and Public Policy from UCLA and an MBA from the UCLA Anderson School of Management.

Tom Murray, Principal: Manages real estate property acquisitions, new business development, and fundraising. Tom holds a BA in Politics from Princeton University and an MBA from the UCLA Anderson Graduate School of Management.

Leadership Changes

As of the latest available information, there have been no recent significant changes or appointments within NMC's leadership team.

Competitor Profile

Market Insights and Dynamics

The industrial asset disposition market is characterized by the need for efficient solutions to manage surplus equipment and real estate assets. Companies in this sector provide services such as auctions, liquidations, and valuations to help businesses optimize asset value.

Competitor Analysis

Key competitors in the industrial asset disposition market include:

Hilco Industrial: Specializes in industrial asset disposition and acquisition services.

Liquidity Services: Provides surplus asset management, valuation, and disposition services.

Federal Equipment Company: Focuses on buying and selling used process and packaging equipment.

These competitors offer similar services, including equipment auctions, liquidations, and valuations, catering to a diverse range of industries.

Strategic Collaborations and Partnerships

NMC's partnership with J.P. Morgan Asset Management – Global Real Assets exemplifies its commitment to providing scalable liquidity solutions for corporations seeking efficient asset disposition.

Operational Insights

NMC's extensive experience in acquiring and repurposing idle manufacturing facilities, coupled with its expertise in equipment auctions and liquidations, positions the company as a leader in the industrial asset disposition market. Its ability to provide comprehensive asset solutions offers a distinct competitive advantage.

Strategic Opportunities and Future Directions

NMC aims to continue expanding its portfolio of acquired and repurposed manufacturing facilities, leveraging its strategic partnerships and industry expertise to provide innovative asset solutions. The company's focus on delivering value to clients positions it well for future growth in the industrial asset disposition market.