Investment Summary

New Mountain Capital Invests In HomeX

On April 13, 2021, private equity firm New Mountain Capital invested in consumer services company HomeX

Investment Highlights
  • This is New Mountain Capital’s 1st transaction in the Consumer Services sector.
  • This is New Mountain Capital’s 70th transaction in the United States.
  • This is New Mountain Capital’s 1st transaction in Rhode Island.

Investment Summary

Date 2021-04-13
Target HomeX
Sector Consumer Services
Investor(s) New Mountain Capital
Deal Type Growth Capital

Target

HomeX

Lincoln, Rhode Island, United States
HomeX is a home services platform for both homeowners and service providers, improving the complex and fragmented home services industry. HomeX is making home maintenance less complicated for homeowners by providing quick, trusted solutions for issues that arise related to heating, cooling, plumbing, electrical systems and appliances. HomeX was founded in 2017 and is based in Lincoln, Rhode Island.

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Investor(S) 1

Investor

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 74 of 103
Sector: Consumer Services M&A 1 of 2
Type: Growth Capital M&A Deals 12 of 19
State: Rhode Island M&A 1 of 1
Country: United States M&A 70 of 98
Year: 2021 M&A 3 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-16 Accolite Digital

Addison, Texas, United States

Accolite Digital is a provider of cloud and digital product engineering services across the banking and financial services, technology, healthcare, communications and media, and logistics industries. Accolite helps its customers successfully navigate their digital transformation journeys by providing digital product engineering, cloud services, data engineering, DevOps, customer experience, and design services. Accolite Digital was founded in 2007 and is based in Addison, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-23 Blue Yonder

Scottsdale, Arizona, United States

Blue Yonder is end-to-end, digital fulfillment platform provider in artificial intelligence and machine learning (AI/ML) driven supply chain and retail solutions for 4,000 of the world’s leading retail, manufacturing and logistics companies. Blue Yonder enables an Autonomous Supply ChainTM by connecting its cognitive SaaS solutions from end-to-end — across planning, execution and delivery — with a broad partner ecosystem, empowering customers to better predict and shape demand, transform their product delivery and deliver outstanding customer experiences. Blue Yonder’s world-class client brands include 75 of the top 100 retailers, 77 of the top 100 consumer goods companies, and 8 of the top 10 global 3PLs. Blue Yonder was founded in 1985 and is based in Scottsdale, Arizona.

Sell $8.5B