M&A Deal Summary

New Mountain Capital Acquires Emmes

On June 21, 2022, private equity firm New Mountain Capital acquired life science company Emmes from Behrman Capital

Acquisition Highlights
  • This is New Mountain Capital’s 3rd transaction in the Life Science sector.
  • This is New Mountain Capital’s 80th transaction in the United States.
  • This is New Mountain Capital’s 2nd transaction in Maryland.

M&A Deal Summary
Date 2022-06-21
Target Emmes
Sector Life Science
Buyer(s) New Mountain Capital
Sellers(s) Behrman Capital
Deal Type Secondary Buyout
Advisor(s) Edmond de Rothschild Corporate Finance
Robert W. Baird & Co., Inc. (Financial)
Goodwin Procter (Legal)

Target

Emmes

Rockville, Maryland, United States
Emmes is a full-service clinical research organization dedicated to excellence in supporting the advancement of public health and biopharmaceutical innovation. Emmes was founded in 1977 and is based in Rockville, Maryland.

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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 84 of 95
Sector (Life Science) 3 of 3
Type (Secondary Buyout) 34 of 38
State (Maryland) 2 of 2
Country (United States) 80 of 90
Year (2022) 4 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-11 Citrin Cooperman

Livingston, New Jersey, United States

Citrin Cooperman is a professional services firm that has steadily built its business serving a diverse and loyal clientele. The company's daily mission is to help clients “focus on what counts.” Rooted in our core values, provide a comprehensive, integrated business approach to traditional services, which includes proactive insights throughout the lifecycle of clients wherever they do business, across the globe. Citrin Cooperman & Company, LLP, a licensed independent CPA firm that provides attest services and Citrin Cooperman Advisors LLC which provides business advisory and non-attest services, operate as an alternative practice structure in accordance with the AICPA’s Code of Professional Conduct and applicable laws, regulations and professional standards. Clients are in all business sectors and leverage a complete menu of service offerings. Citrin Cooperman was formed in 1979 and is based in Livingston, New Jersey.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-20 Radancy

New York, New York, United States

Radancy is a recruitment advertising agency with a unified platform, augmented by rich data and deep industry expertise, which is revolutionizing how employers attract and hire the talent they need. Radancy was founded in 1967 and is based in New York City.

Buy -

Seller(S) 1

SELLER

Behrman Capital

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1991
PE ASSETS 4.0B USD
Size Large
Type Sector Focused
DESCRIPTION

Behrman Capital is a private equity firm focused on management buyouts, leveraged buildups and recapitalizations of established growth companies. Areas of interest include healthcare, defense, specialty manufacturing, business to business outsourcing, and information technology. Behrman looks to invest in the range from $25 to $125 million of equity capital in companies generating sales of $25 to $250 million. Behrman Capital was formed in 1991. The Firm is based in New York City with an additional office in San Francisco.

DEAL STATS #
Overall 22 of 23
Sector (Life Science) 4 of 4
Type (Secondary Buyout) 10 of 10
State (Maryland) 2 of 2
Country (United States) 22 of 23
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-04 Brooks Equipment

Charlotte, North Carolina, United States

Brooks Equipment is a distributor of first response fire protection equipment and related parts. Brooks Equipment operates via an extensive network of 16 distribution centers nationwide, through which it offers more than 200,000 products across every major fire and life safety brand. Brooks Equipment was founded in 1941 and is based in Charlotte, North Carolina.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-17 George Industries

Endicott, New York, United States

George Industries is a designer, developer, and manufacturer of mission-critical engineered components for the aerospace, defense, transportation, and industrial sectors. Core manufacturing capabilities include dip brazing, vacuum brazing, CNC machining, fabricating, welding, painting, artwork, photography, silk screening, laser cutting and mechanical assembly. George Industries was founded in 1954 and is based in Endicott, New York.

Buy -
Mergr

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Company

Legal