New Mountain Capital Mergers and Acquisitions Summary

Private Equity Firm Profile

In the last 3 years, New Mountain Capital has acquired 14 companies. It has also invested in 4 others.

New Mountain Capital’s most common sectors for investment areinformation technology (17%) and business services (11%) . The Firm’s most common investment types include secondary buyout (40%) and growth capital (16%). In total, New Mountain Capital has invested in 25 US states and 4 different countries. Its largest (disclosed) acquisition occurred in 2017 when it acquired Alight for $4.8B.

In the last 3 years, New Mountain Capital has exited 12 companies. The Firm’s most common exit type is trade sale (49%). New Mountain Capital’s largest (disclosed) exit occurred in 2021 when it sold Blue Yonder for $8.5B.

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M&A Summary

  • M&A Total Activity131
    • M&A Buy Activity89
    • M&A Sell Activity42
  • Total Sectors Invested 29
  • Total Countries Invested 4
  • M&A Buy/Sell Connections 54
  • M&A Advisors 20

New Mountain Capital

1633 Broadway, 48th Floor,
New York, New York 10019
United States
(212) 720-0300
www.newmountaincapital.com
NMC-GeneralInquiry@newmountaincapital.com

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.


Investment Criteria

Sectors of Interest: Business Services, Chemicals, Consumer Products, Defense, Distribution, Education, Energy Services and Equipment, Environmental, Financial Services, Healthcare Services, Information Technology, Insurance, Life Science, Marketing, Media, Medical Products, Oil/Gas Exploration, Software, Technology Hardware, Transportation

Target Transaction Types: Buyout (LBO, MBO, MBI), Divestiture, Growth Capital, Special Situations/Distressed, Stake Purchase

Geographic Preferences: East US, Midwest US, South US, West US

Transaction Criteria Min Max
Target Revenue - -
Target EBITDA - -
Investment Size 100 500
Enterprise Value 100 1,000
values in millions of USD

M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (5.6/yr) # 61 10 9 7 2 - 89
vol $12.4B $963M $2.5B $950M $16.7B
Sell (3.0/yr) # 28 3 9 2 1 - 43
vol $12.3B $1.3B $9.5B $4.1B $27.1B
  132

Most Recent M&A

Company Date Value Type
Covaris LLC 2023-12-04 - Trade Sale
Woburn, Massachusetts · www.covaris.com
Broadcast Music, Inc. 2023-11-21 - Buyout (LBO, MBO, MBI)
Nashville, Tennessee · www.bmi.com
Verisk Analytics - 3E Business 2023-10-24 950M USD Divestiture
Jersey City, New Jersey
ClaimLogiq 2022-08-16 - Growth Capital
Mount Pleasant, South Carolina · www.claimlogiq.com
PerkinElmer, Inc. 2022-08-01 2.5B USD Divestiture
Shelton, Connecticut · www.perkinelmer.com
TMP Worldwide Advertising & Communications LLC 2022-07-20 - Secondary Buyout
New York, New York · www.radancy.com
The Emmes Corp. 2022-06-21 - Secondary Buyout
Rockville, Maryland · www.emmes.com
Citrin Cooperman & Co. LLP 2022-04-11 - Growth Capital
Livingston, New Jersey · www.citrincooperman.com
3E Co. 2022-03-14 - Divestiture
Carlsbad, California · www.3eco.com
Alteon Health 2022-02-01 - Trade Sale
Germantown, Maryland · www.alteonhealth.com
View All >>

Portfolio M&A

Company Acquired Add-On/Sale Date #
Aegion Corp. 2021-02-16 Aegion Coating Services 2024-01-04 2
St. Louis, Missouri · www.aegion.com Tulsa, Oklahoma · www.acscoatingservices.com
Aegion Corp. 2021-02-16 Culy Contracting, Inc. 2023-12-13 10
St. Louis, Missouri · www.aegion.com Winchester, Indiana · www.culycontracting.com
National HME, Inc. 2018-11-29 Hospice Source LLC 2023-12-05 1
Richland Hills, Texas · www.nationalhme.com Carrollton, Texas · hs.hospicesource.net
PerkinElmer, Inc. 2022-08-01 Covaris LLC 2023-12-04 1
Shelton, Connecticut · www.perkinelmer.com Woburn, Massachusetts · www.covaris.com
HealthComp LLC 2020-11-09 Virgin Pulse, Inc. 2023-09-27 2
Fresno, California · www.healthcomp.com Providence, Rhode Island · www.virginpulse.com
Inframark LLC 2020-12-21 Treatment Technologies LLC 2023-06-28 4
Katy, Texas · www.inframark.com Lancaster, Pennsylvania
Profile Products LLC 2021-11-16 Quick Plug 2022-11-15 2
Buffalo Grove, Illinois · www.profileproducts.com Falmouth, Maine · www.na.quickplug.global
Datavant Group 2014-10-31 Datavant Group - Curation Team 2022-08-24 1
Alpharetta, Georgia · www.datavant.com Alpharetta, Georgia
Aegion Corp. 2021-02-16 EN-TECH Infrastructure LLC 2022-06-10 9
St. Louis, Missouri · www.aegion.com Closter, New Jersey
Premier Dental Services, Inc. 2011-01-01 Mid-Atlantic Dental Service Holdings LLC 2022-05-05 5
Orange, California · www.westerndental.com Plymouth Meeting, Pennsylvania · www.mid-atlanticdental.com

M&A by Sector

Sector Current # Value All-time # Value
Information Technology 7 (16%) 950M (17%) 15 (17%) 6.0B (36%)
Business Services 4 (9%) - 9 (10%) -
Software 1 (2%) - 8 (9%) 200M (1%)
Insurance 2 (5%) 560M (10%) 6 (7%) 3.5B (21%)
Chemicals 3 (7%) 692M (12%) 6 (7%) 1.4B (9%)
Medical Products 2 (5%) 2.5B (44%) 4 (4%) 2.5B (15%)
Healthcare Services 2 (5%) - 4 (4%) -
Life Science 1 (2%) - 3 (3%) 1.6B (10%)
Engineering 2 (5%) 963M (17%) 3 (3%) 963M (6%)
Information Services 2 (5%) - 3 (3%) -
Internet Software and Services 2 (5%) - 3 (3%) -
Environmental - - 2 (2%) 655M (4%)
Consumer Products 2 (5%) - 2 (2%) -
Consumer Services 2 (5%) - 2 (2%) -
Distribution 2 (5%) - 2 (2%) -
Financial Services 1 (2%) - 2 (2%) -
Manufacturing 2 (5%) - 2 (2%) -
Marketing 1 (2%) - 2 (2%) -
Aerospace 1 (2%) - 1 (1%) -
Apparel/Textiles - - 1 (1%) -
Automotive 1 (2%) - 1 (1%) -
Defense - - 1 (1%) -
Digital Media 1 (2%) - 1 (1%) -
Education - - 1 (1%) -
Energy Services and Equipment 1 (2%) - 1 (1%) -
Infrastructure 1 (2%) - 1 (1%) -
Media 1 (2%) - 1 (1%) -
Staffing - - 1 (1%) -
Transportation - - 1 (1%) -
Total 44 $5.6B 89 $16.7B

Acquisitions By Geo

State/Country Current # Value All-time # Value
United States 44 (100%) 5.6B (100%) 85 (96%) 15.1B (90%)
  California 7 (16%) - 9 (10%) 735M (4%)
  Georgia 6 (14%) 1.3B (22%) 7 (8%) 1.3B (7%)
  New York 3 (7%) - 7 (8%) -
  Florida 2 (5%) - 6 (7%) -
  Illinois 4 (9%) - 5 (6%) 4.8B (29%)
  New Jersey 2 (5%) 950M (17%) 5 (6%) 2.6B (15%)
  Virginia 1 (2%) - 5 (6%) 200M (1%)
  Texas 3 (7%) - 4 (4%) -
  Pennsylvania 2 (5%) - 4 (4%) -
  Connecticut 1 (2%) 2.5B (44%) 4 (4%) 3.1B (19%)
  Massachusetts 1 (2%) - 4 (4%) -
  Tennessee 2 (5%) - 3 (3%) -
  North Carolina 1 (2%) - 3 (3%) 1.3B (8%)
  Washington 2 (5%) - 2 (2%) -
  Delaware 2 (5%) - 2 (2%) -
  Missouri 1 (2%) 963M (17%) 2 (2%) 963M (6%)
  Ohio 1 (2%) - 2 (2%) -
  Maryland 1 (2%) - 2 (2%) -
  Indiana - - 2 (2%) 225M (1%)
  Alabama - - 2 (2%) -
  South Carolina 1 (2%) - 1 (1%) -
  Colorado 1 (2%) - 1 (1%) -
  Louisiana - - 1 (1%) -
  Kansas - - 1 (1%) -
  Arizona - - 1 (1%) -
Bermuda - - 2 (2%) -
Switzerland - - 1 (1%) 1.6B (10%)
United Kingdom - - 1 (1%) -
Domestic 44 (100%) 5.6B (100%) 85 (96%) 15.1B (90%)
Cross-border - - 4 (4%) 1.6B (10%)
Total 44 $5.6B 89 $16.7B

Acquisitions by Deal Type

Type Current # Value All-time # Value
Secondary Buyout 22 (50%) - 35 (39%) 1.6B (11%)
Growth Capital 6 (14%) - 14 (16%) -
Buyout (LBO, MBO, MBI) 2 (5%) - 13 (15%) 1.6B (11%)
Stake Purchase 3 (7%) - 7 (8%) 200M (1%)
Divestiture 5 (11%) 4.0B (71%) 6 (7%) 8.8B (58%)
Recapitalization 2 (5%) - 6 (7%) 1.3B (9%)
Going Private 2 (5%) 1.7B (29%) 3 (3%) 1.7B (11%)
PIPE - - 3 (3%) -
Special Situations/Distressed 2 (5%) - 2 (2%) -
Total 44 $5.6B 89 $15.1B

Exits by Deal Type

Type Total # Value
Trade Sale - Public Company 16 (37%) 25.9B (95%)
Secondary Sale 9 (21%) 1.3B (5%)
IPO 5 (12%) -
Trade Sale 5 (12%) -
Merger 4 (9%) -
Stake Sale 3 (7%) -
SPAC 1 (2%) -
Total 43 $27.1B

Top M&A Advisors

Financial Deals
Jefferies
5
Credit Suisse Investment Banking
3
Houlihan Lokey
3
Legal Deals
Simpson Thacher & Bartlett
8
Ropes & Gray
8
Fried Frank Harris Shriver & Jacobson LLP
5

Deal Values

buy # Total
> $1B 5 $11.8B
$100M to $1B 8 $5.0B
TOTAL $16.7B
Largest Alight, Inc.
$4.8B (2017-02-10)
sell # Total
> $1B 8 $24.9B
$100M to $1B 5 $2.2B
< $100M 1 $53M
TOTAL $27.1B
Largest Blue Yonder, Inc.
$8.5B (2021-04-23)

M&A Connections

Deals
Acquired from
Investor(s)
43%
38 (43%)
Strategic(s)
7%
6 (7%)
Exited to
Investor(s)
28%
12 (28%)
Strategic(s)
58%
25 (58%)

FAQ

When was New Mountain Capital founded?

New Mountain Capital was founded in 2000.

What type of investor is New Mountain Capital?

New Mountain Capital is a private equity firm.

Where is New Mountain Capital headquartered?

New Mountain Capital is headquartered in New York, New York.

How much capital does New Mountain Capital have under management?

New Mountain Capital has 35.0B USD under management.

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