M&A Deal Summary

New Mountain Capital Acquires Alpine Intel

On December 20, 2021, private equity firm New Mountain Capital acquired information technology company Alpine Intel from Carousel Capital

Acquisition Highlights
  • This is New Mountain Capital’s 14th transaction in the Information Technology sector.
  • This is New Mountain Capital’s 77th transaction in the United States.
  • This is New Mountain Capital’s 3rd transaction in North Carolina.

M&A Deal Summary

Date 2021-12-20
Target Alpine Intel
Sector Information Technology
Buyer(s) New Mountain Capital
Sellers(s) Carousel Capital
Deal Type Secondary Buyout

Target

Alpine Intel

Charlotte, North Carolina, United States
Alpine Intel is a provider of IT solutions for insurance underwriting and claims decisions. The company brands, which include HVACi, StrikeCheck, and JMI Reports, specialize in HVAC and electronics claims, as well as underwriting inspections for insurance professionals. Alpine Intel was founded in 2011 and is based in Charlotte, North Carolina.

Search 214,107 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Buyer(S) 1

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 81 of 103
Sector: Information Technology M&A 14 of 18
Type: Secondary Buyout M&A Deals 33 of 39
State: North Carolina M&A 3 of 3
Country: United States M&A 77 of 98
Year: 2021 M&A 10 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-02 Cumming Group

Seattle, Washington, United States

Cumming Group is a provider of efficient and cost-effective solutions to ensure that projects in the aviation, corporate office, culture, education, data center, healthcare, hospitality, life sciences, manufacturing, public works, and retail sectors are executed on time and within budget. Cumming provides a solutions-oriented suite of services that specifically addresses its clients’ unique challenges. Cumming Group was founded in 1996 and is headquartered in Seattle, Washington.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-10 Cloudmed

Atlanta, Georgia, United States

Cloudmed provides Revenue Intelligence solutions for healthcare providers in the United States and recovers over $1.5 billion of underpaid or unidentified revenue for its clients annually. Its revenue intelligence platform combines cloud-based data architecture and deep domain expertise with intelligent automation to analyze large volumes of medical records, payment data, and complex medical insurance models to identify opportunities to deliver additional revenue to customers. Cloudmed is based in Atlanta, Georgia.

Sell $4.1B

Seller(S) 1

SELLER

Carousel Capital

Charlotte, North Carolina, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1996
PE ASSETS 1.3B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Carousel Capital is a private investment group that invests in companies headquartered in the Southeast US. The Firm targets leveraged buyouts and recapitalizations of businesses in consumer products/services, business services, and healthcare services. Carousel will consider both the majority and minority situations. Prospective companies are generally valued up to $250 million and have at least $3 million of EBITDA. Carousel Capital was formed in 1996 and is based in Charlotte, North Carolina.


DEAL STATS #
Overall 19 of 21
Sector: Information Technology M&A 1 of 1
Type: Secondary Buyout M&A Deals 12 of 14
State: North Carolina M&A 7 of 8
Country: United States M&A 19 of 21
Year: 2021 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-14 Transflo

Tampa, Florida, United States

Transflo is a provider of mobile, business intelligence, and payments facilitation software to the transportation industry. The company’s cloud‐based technologies digitize nearly 800 million shipping documents each year with over $100 billion in freight spending flowing over the Transflo rails. Transflo is based in Tampa, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-16 Quality Automotive Services

Charlotte, North Carolina, United States

Quality Automotive Services is a franchisee in the Valvoline Instant Oil Change (“VIOC”) system with locations across the Southeast and Midwest. VIOC is the second-largest quick lube operator in the United States, offering superior customer service utilizing Valvoline's product portfolio to deliver quick, easy and trusted preventive maintenance to its consumers. Quality Automotive Services was founded in 2001 and is based in Charlotte, North Carolina.

Buy -