M&A Deal Summary

New Mountain Capital Acquires Grant Thornton

On March 15, 2024, private equity firm New Mountain Capital acquired business services company Grant Thornton

Acquisition Highlights
  • This is New Mountain Capital’s 10th transaction in the Business Services sector.
  • This is New Mountain Capital’s 86th transaction in the United States.
  • This is New Mountain Capital’s 6th transaction in Illinois.

M&A Deal Summary
Date 2024-03-15
Target Grant Thornton
Sector Business Services
Buyer(s) New Mountain Capital
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) Deutsche Bank Corporate & Investment Banking (Financial)
Dechert
Vedder Price P.C.
Mayer Brown (Legal)

Target

Grant Thornton

Chicago, Illinois, United States
website
Grant Thornton is an accounting, tax and management-consulting firm focused on mid-sized US-based businesses. Grant Thornton was founded in 1924 and is based in Chicago, Illinois.

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Buyer(S) 1

Buyer

New Mountain Capital

New York, New York, United States

website

Category Private Equity Firm
Founded 2000
PE ASSETS 35.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

New Mountain Capital is a private investment firm focused on investment in public and private companies in a variety of industries. New Mountain generally invests $100 to $500 million per transaction and looks for businesses with strong market positions and high barriers to entry. New Mountain also prefers businesses that succeed in both good and bad economies. Sectors of interest include education, healthcare, business services, federal IT services, media, software, consumer products, logistics, financial services and technologies, and energy. New Mountain Capital was formed in 2000 and is based in New York City.

DEAL STATS #
Overall 90 of 92
Sector (Business Services) 10 of 10
Type (Buyout (LBO, MBO, MBI)) 14 of 14
State (Illinois) 6 of 7
Country (United States) 86 of 88
Year (2024) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-04 Covaris

Woburn, Massachusetts, United States

Covaris develops, manufactures, and markets instruments, consumables, and reagents used in pre-analytical sample preparation for genomic and proteomic analysis to help accelerate the pace of research and life science innovations. Covaris is based in Woburn, Massachusetts.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-25 ILC Dover

Frederica, Delaware, United States

ILC Dover provides high-performance flexible materials for complex government and commercial applications, including bio-pharmaceutical and personal hazmat protection, infrastructure protection, inflatable applications, lighter-than-air airships, and pressurized spacesuits. ILC Dover has manufacturing locations in Delaware, Texas, and Switzerland.

Sell $2.3B
Mergr

Product

Company

Legal