M&A Deal Summary

Eir Partners and New Mountain Capital Acquire Smarter Technologies

On May 19, 2025, private equity firms Eir Partners and New Mountain Capital acquired information technology company Smarter Technologies

Acquisition Highlights
  • This is Eir Partners’ 2nd and New Mountain Capital’s 18th transaction in the Information Technology sector.
  • This is Eir Partners’ 8th and New Mountain Capital’s 98th transaction in the United States.
  • This is Eir Partners’ 1st and New Mountain Capital’s 5th transaction in Texas.

M&A Deal Summary

Date 2025-05-19
Target Smarter Technologies
Sector Information Technology
Buyer(s) Eir Partners
New Mountain Capital
Deal Type Consolidation

Target

Smarter Technologies

Dallas, Texas, United States
Smarter Technologies is an automation and insights platform for healthcare efficiency. Smarter Technologies is an AI-powered revenue management platform that combines proprietary clinical agents, human-in-the-loop AI Agents, clinical ontology, and global financial and administrative services that allowing healthcare organizations the flexibility to automate the entirety of their administrative and financial workflows to optimize operational outcomes and drive better patient experiences. Smarter Technologies is based in Dallas, Texas.

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Buyer(S) 2

DESCRIPTION

Eir Partners is a private equity firm focused exclusively on healthcare technology and tech enabled services companies throughout the US. The Firm seeks to commit between $25 and $125 million per transaction and will consider a variety of transaction situations, including buyouts and capital for growth. Eir Partners was established in 2015 and is based in Miami, Florida.


DEAL STATS #
Overall 8 of 8
Sector: Information Technology M&A 2 of 2
Type: Consolidation M&A Deals 1 of 1
State: Texas M&A 1 of 1
Country: United States M&A 8 of 8
Year: 2025 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-03-13 Porter

Baltimore, Maryland, United States

Porter provides a healthcare IT and services platform focused on care and coverage coordination for health-plan members and at-risk providers. The Company uses analytics-based tools and a Care Guide team to help members navigate the health-care system, arrange appropriate support, and access in-home clinical services, including lab and diagnostic testing. Porter was founded in 2021 and is based in Baltimore, Maryland.

Buy -
Buyer

New Mountain Capital

New York, New York, United States

Category Private Equity Firm
Founded 1999
PE ASSETS 55.0B 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 1999 and is based in New York, New York.


DEAL STATS #
Overall 103 of 104
Sector: Information Technology M&A 18 of 18
Type: Consolidation M&A Deals 1 of 1
State: Texas M&A 5 of 5
Country: United States M&A 98 of 99
Year: 2025 M&A 5 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-02-24 NSM Insurance Group - U.S. Commercial Insurance Division

Conshohocken, Pennsylvania, United States

NSM Insurance Group's U.S. Commercial Insurance Division offers 25+ specialty insurance programs that provides unique solutions for unique risks.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-07-01 Zep

Atlanta, Georgia, United States

Zep is a manufacturer and marketer of a wide range of high-efficacy maintenance and cleaning solutions for commercial, industrial, institutional, and consumer end-markets under well-known and respected brand names. The breadth of the Zep product portfolio provides customized, superior cleaning and maintenance solutions to a broad customer base including manufacturers, food processors and preparers, restaurants, hospitals, schools, municipalities, government organizations, hotels and car washes. Zep was founded in 1937 and is based in Atlanta, Georgia.

Sell -