New Mountain Capital Mergers and Acquisitions Summary

Private Equity Firm Profile

In the last 3 years, New Mountain Capital has acquired 16 companies. It has also invested in 5 others.

New Mountain Capital’s most common sectors for investment areinformation technology (18%) and business services (11%) . The Firm’s most common investment types include secondary buyout (40%) and growth capital (17%). In total, New Mountain Capital has invested in 26 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 14 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 Activity136
    • M&A Buy Activity92
    • M&A Sell Activity44
  • Total Sectors Invested 29
  • Total Countries Invested 4
  • M&A Buy/Sell Connections 55
  • M&A Advisors 23

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 (6.2/yr) # 61 10 9 7 2 3 92
vol $12.4B $963M $2.5B $950M $16.7B
Sell (3.4/yr) # 28 3 9 2 1 2 45
vol $12.3B $1.3B $9.5B $4.1B $2.3B $29.5B
  137

Most Recent M&A

Company Date Value Type
Consor Holdings LLC 2024-06-03 - Secondary Buyout
Chicago, Illinois · www.consoreng.com
Classic Collision, Inc. 2024-04-03 - Secondary Sale
Atlanta, Georgia · www.classiccollision.net
Rawlings Group 2024-04-02 - Growth Capital
La Grange, Kentucky · www.rawlingsgroup.com
ILC Dover, Inc. 2024-03-25 2.3B USD Trade Sale
Frederica, Delaware · www.ilcdover.com
Grant Thornton LLP 2024-03-15 - Buyout (LBO, MBO, MBI)
Chicago, Illinois · www.gt.com
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
View All >>

Portfolio M&A

Company Acquired Add-On/Sale Date #
Azuria Corp. 2021-02-16 Aegion Coating Services 2024-01-04 2
St. Louis, Missouri · www.azuria.com Tulsa, Oklahoma · www.acscoatingservices.com
Azuria Corp. 2021-02-16 Culy Contracting, Inc. 2023-12-13 13
St. Louis, Missouri · www.azuria.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
3E Co. 2022-03-14 Quick-FDS 2023-11-08 4
Carlsbad, California · www.3eco.com Paris, France · www.quickfds.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
Azuria Corp. 2021-02-16 EN-TECH Infrastructure LLC 2022-06-10 12
St. Louis, Missouri · www.azuria.com Closter, New Jersey

M&A by Sector

Sector Current # Value All-time # Value
Information Technology 8 (18%) 950M (17%) 16 (17%) 6.0B (36%)
Business Services 5 (11%) - 10 (11%) -
Software 1 (2%) - 8 (9%) 200M (1%)
Insurance 2 (4%) 560M (10%) 6 (7%) 3.5B (21%)
Chemicals 3 (7%) 692M (12%) 6 (7%) 1.4B (9%)
Medical Products 2 (4%) 2.5B (44%) 4 (4%) 2.5B (15%)
Engineering 3 (7%) 963M (17%) 4 (4%) 963M (6%)
Healthcare Services 2 (4%) - 4 (4%) -
Life Science 1 (2%) - 3 (3%) 1.6B (10%)
Information Services 2 (4%) - 3 (3%) -
Internet Software and Services 2 (4%) - 3 (3%) -
Environmental - - 2 (2%) 655M (4%)
Consumer Products 2 (4%) - 2 (2%) -
Consumer Services 2 (4%) - 2 (2%) -
Distribution 2 (4%) - 2 (2%) -
Financial Services 1 (2%) - 2 (2%) -
Manufacturing 1 (2%) - 2 (2%) -
Marketing 1 (2%) - 2 (2%) -
Aerospace 1 (2%) - 1 (1%) -
Apparel/Textiles - - 1 (1%) -
Automotive - - 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 45 $5.6B 92 $16.7B

Acquisitions By Geo

State/Country Current # Value All-time # Value
United States 45 (100%) 5.6B (100%) 88 (96%) 15.1B (90%)
  California 7 (16%) - 9 (10%) 735M (4%)
  Illinois 6 (13%) - 7 (8%) 4.8B (29%)
  Georgia 5 (11%) 1.3B (22%) 7 (8%) 1.3B (7%)
  New York 3 (7%) - 7 (8%) -
  Florida 2 (4%) - 6 (7%) -
  New Jersey 2 (4%) 950M (17%) 5 (5%) 2.6B (15%)
  Virginia 1 (2%) - 5 (5%) 200M (1%)
  Texas 3 (7%) - 4 (4%) -
  Pennsylvania 2 (4%) - 4 (4%) -
  Connecticut 1 (2%) 2.5B (44%) 4 (4%) 3.1B (19%)
  Massachusetts 1 (2%) - 4 (4%) -
  Tennessee 2 (4%) - 3 (3%) -
  North Carolina 1 (2%) - 3 (3%) 1.3B (8%)
  Washington 2 (4%) - 2 (2%) -
  Missouri 1 (2%) 963M (17%) 2 (2%) 963M (6%)
  Ohio 1 (2%) - 2 (2%) -
  Maryland 1 (2%) - 2 (2%) -
  Delaware 1 (2%) - 2 (2%) -
  Indiana - - 2 (2%) 225M (1%)
  Alabama - - 2 (2%) -
  South Carolina 1 (2%) - 1 (1%) -
  Kentucky 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 45 (100%) 5.6B (100%) 88 (96%) 15.1B (90%)
Cross-border - - 4 (4%) 1.6B (10%)
Total 45 $5.6B 92 $16.7B

Acquisitions by Deal Type

Type Current # Value All-time # Value
Secondary Buyout 22 (49%) - 36 (39%) 1.6B (11%)
Growth Capital 7 (16%) - 15 (16%) -
Buyout (LBO, MBO, MBI) 3 (7%) - 14 (15%) 1.6B (11%)
Stake Purchase 2 (4%) - 7 (8%) 200M (1%)
Divestiture 5 (11%) 4.0B (71%) 6 (7%) 8.8B (58%)
Recapitalization 2 (4%) - 6 (7%) 1.3B (9%)
Going Private 2 (4%) 1.7B (29%) 3 (3%) 1.7B (11%)
PIPE - - 3 (3%) -
Special Situations/Distressed 2 (4%) - 2 (2%) -
Total 45 $5.6B 92 $15.1B

Exits by Deal Type

Type Total # Value
Trade Sale - Public Company 17 (38%) 28.2B (96%)
Secondary Sale 10 (22%) 1.3B (4%)
IPO 5 (11%) -
Trade Sale 5 (11%) -
Merger 4 (9%) -
Stake Sale 3 (7%) -
SPAC 1 (2%) -
Total 45 $29.5B

Top M&A Advisors

Financial Deals
Jefferies
 5
Houlihan Lokey
 3
Credit Suisse Investment Banking
 3
Legal Deals
Ropes & Gray
 10
Simpson Thacher & Bartlett
 9
Fried Frank Harris Shriver & Jacobson
 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 9 $27.2B
$100M to $1B 5 $2.2B
< $100M 1 $53M
TOTAL $29.5B
Largest Blue Yonder, Inc.
$8.5B (2021-04-23)

M&A Connections

Deals
Acquired from
Investor(s)
42%
39 (42%)
Strategic(s)
7%
6 (7%)
Exited to
Investor(s)
29%
13 (29%)
Strategic(s)
58%
26 (58%)

Investor Summary

Investor Type

Private Equity Firm

Size

Mega

PE Assets

35.0B USD

Established

2000

Specialist/Generalist

Generalist

Leadership

Steven Klinsky

Founder & CEO

Arina Popova

Head of Legal

Joy Xu

Managin Director

Andre Moura

Managing Director

Andrew Barous

Managing Director

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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