Mill City hires tax specialist

Minnesota-based Mill City Capital bolstered its back office with the appointment of Angela Wood as vice president of finance.

Wood, who joins the Midwest-focused private equity firm from tax, accounting and audit firm Baker Tilly, will be responsible for all accounting, investor reporting and administration of compliance and reporting. She will also oversee all the firm’s internal operations.

The firm is currently raising its second fund and has so far collected $87 million, according to SEC filings. The fund has a $200 million target and first came to market in August of 2013.

Mill City is led by four former Goldner Hawn Johnson & Morrison executives – Darren Acheson and Michael Israel, who both began their careers at the investment bank Piper Jaffray; Lisa Kro who spent time at Goldner Hawn Johnson & Morrison and KPMG; and Gary Obermiller.

The firm invests in companies headquartered in the Midwest, focusing mostly on companies in Minnesota, Wisconsin, Iowa, North Dakota and South Dakota, according to its website. Typical investment size is $10 -$30 million.