Saw Mill Capital: $435 Million Fund III Closed For Driving Growth Of Lower Middle-Market Companies

By Amit Chowdhry • Nov 7, 2024

Saw Mill Capital, a middle-market private equity firm focused on partnering with North American industrial services, professional services, and engineered products companies, announced the final closing of its $435 million Saw Mill Capital Partners III, LP. Fund III’s diverse investor base includes insurance companies, consultants, public pensions, endowments, family offices, sovereign wealth funds, wealth managers and funds-of-funds across North America, Europe and around the globe. 

Showing its commitment to aligning incentives with investors and management teams, Saw Mill’s investment team committed $50 million to Fund III.

Saw Mill’s oversubscribed Fund III is more than 25% deployed to date in three portfolio companies: 

  1.  RAFTRx, a residential roofing provider; 
  2.  Southern Aluminum, a manufacturer of specialty hospitality furniture; and 
  3.  Pro Max Fence Systems, a commercial fencing contractor

Harris Williams served as Fund III’s placement agent. Latham & Watkins served as fund counsel for Fund III.

KEY QUOTES:

“We are honored by the trust of our longstanding and new investors, who recognize the value that our differentiated approach brings to the lower middle-market space. Our tenured partnership and expanded team will continue to focus on investing in transformative, high-growth opportunities.”

  • Howard Unger, Founder and Managing Partner

“Our investment process is powered by deep, industry-focused research, enabling us to identify high-potential businesses and create tailored strategies for growth. With Fund III, we’re excited to continue leveraging our research capabilities to support and scale businesses.”

  • Scott Rivard and Tim Nelson, Partners and Investment Committee members