Littlejohn & Co has acquired Milrose Consultants, a New York City-based provider of consulting, engineering, and architecture services for building compliance and regulatory projects. The deal sees Southfield Capital exit its investment in the firm, which was founded in 1988 and serves complex real estate developments across the US.

Milrose specializes in navigating the maze of regulations governing existing buildings and large-scale property projects. This expertise has become increasingly valuable as cities tighten building codes and developers face more complex compliance requirements. The company's services span architecture, engineering, and consulting, supporting clients through permitting and regulatory approval processes.

CEO Dominic Maurillo will retain leadership of Milrose along with the existing senior team. This continuity suggests Littlejohn values the current management's deep relationships with real estate developers and their understanding of local regulatory environments.

The acquisition adds a specialized compliance firm to Littlejohn's portfolio as commercial real estate faces mounting regulatory pressure. With building codes evolving rapidly and ESG considerations gaining prominence, firms like Milrose are positioned for growth in an increasingly complex regulatory environment.