M&A Deal Summary

New Mountain Capital Acquires CONSOR Engineers

On June 3, 2024, private equity firm New Mountain Capital acquired engineering company CONSOR Engineers from Keystone Capital

Acquisition Highlights
  • This is New Mountain Capital’s 4th transaction in the Engineering sector.
  • This is New Mountain Capital’s 88th transaction in the United States.
  • This is New Mountain Capital’s 7th transaction in Illinois.

M&A Deal Summary

Date 2024-06-03
Target CONSOR Engineers
Sector Engineering
Buyer(s) New Mountain Capital
Sellers(s) Keystone Capital
Deal Type Secondary Buyout
Advisor(s) Harris Williams & Co.
Houlihan Lokey (Financial)
DLA Piper (Legal)

Target

CONSOR Engineers

Chicago, Illinois, United States
CONSOR Engineers is a transportation and infrastructure engineering firm providing services in planning and design, structural assessment, and construction services. CONSOR Engineers is based in Chicago, Illinois.

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Buyer(S) 1

Buyer

New Mountain Capital

New York, New York, United States

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 92 of 95
Sector (Engineering) 4 of 4
Type (Secondary Buyout) 36 of 38
State (Illinois) 7 of 8
Country (United States) 88 of 90
Year (2024) 3 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-03 Classic Collision

Atlanta, Georgia, United States

Classic Collision is a provider of quality auto body repairs with properly trained technicians and the appropriate equipment. Classic Collision was founded in 1983 and is based in Atlanta, Georgia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-08-12 Site 20/20

Dartmouth, Nova Scotia, Canada

Site 20/20 is a technology company focused on manufacturing and servicing hardware and software solutions for the traffic control and road construction industries. Site 20/20 is based in Dartmouth, B3B 1J3, Nova Scotia.

Buy -

Seller(S) 1

SELLER

Keystone Capital

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1994
PE ASSETS 420M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Keystone Capital is a private equity firm focused on acquiring family businesses, corporate divestitures, industry consolidations, and special situations. Keystone prefers lower middle-market, US-based businesses with EBITDA of $3 to $15 million. Target sectors include specialty manufacturing, business services/outsourcing, food processing and ingredients, publishing, instrumentation, optical components, and healthcare products/services. Keystone will not invest in start-ups, turnarounds, commodities, defense/government contractors, retail stores, or restaurants. Keystone Capital was formed in 1994 and is based in Chicago, Illinois.


DEAL STATS #
Overall 24 of 24
Sector (Engineering) 5 of 5
Type (Secondary Buyout) 7 of 7
State (Illinois) 3 of 3
Country (United States) 24 of 24
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-18 E4H

Williston, Vermont, United States

E4H is an architectural design and facilities planning firm focused on the healthcare and life sciences markets. E4H was founded in 1990 and is based in Williston, Vermont.

Sell -