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New Mountain Capital Mergers and Acquisitions Summary

Private Equity Firm Profile

In the last 3 years, New Mountain Capital has acquired 15 companies. It has also invested in 6 others.

New Mountain Capital’s most common sectors for investment areinformation technology (18%) and business services (12%) . The Firm’s most common investment types include secondary buyout (39%) and growth capital (19%). In total, New Mountain Capital has invested in 29 US states and 5 different countries. Its largest (disclosed) acquisition occurred in 2017 when it acquired Alight for $4.8B.

In the last 3 years, New Mountain Capital has exited 11 companies. The Firm’s most common exit type is trade sale (46%). New Mountain Capital’s largest (disclosed) exit occurred in 2021 when it sold Blue Yonder for $8.5B.

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M&A Summary

  • M&A Total Activity152
    • M&A Buy Activity102
    • M&A Sell Activity50
  • Total Sectors Invested 30
  • Total Countries Invested 5
  • M&A Buy/Sell Connections 64
  • M&A Advisors 28

New Mountain Capital

New Mountain Capital LLC

1633 Broadway, 48th Floor,
New York, New York 10019
United States
(212) 720-0300
www.newmountaincapital.com
NMC-GeneralInquiry@newmountaincapital.com

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.


Investment Criteria

Sectors of Interest: Aerospace, Business Services, Chemicals, Consumer Products, Defense, Distribution, Education, Energy Services and Equipment, Engineering, Environmental, Financial Services, Healthcare Services, Information Services, Information Technology, Insurance, Internet Software and Services, Life Science, Marketing, Media, Medical Products, Oil/Gas Exploration, Software, Technology Hardware, Transportation

Target Transaction Types: Buyout (LBO, MBO, MBI), Divestiture, Growth Capital, Special Situations/Distressed, Secondary Buyout, Stake Purchase

Geographic Preferences: East US, Midwest US, South US, West US

Transaction Criteria Min Max
Target Revenue - -
Target EBITDA - -
Investment Size 100 500
Enterprise Value 100 1,000
values in millions of USD

M&A Summary

Buy vs Sell

Year ≤ '20 '21 '22 '23 '24 '25 T
Buy (6.2/yr) # 71 10 8 2 6 5 102
vol $12.4B $963M $3.4B $16.7B
Sell (4.0/yr) # 31 9 2 2 4 3 51
vol $13.6B $9.5B $4.1B $2.3B $29.5B
  153

Most Recent M&A

Company Date Value Type
Zep, Inc. 2025-07-01 - Secondary Sale
Atlanta, Georgia · www.zep.com
NSM Insurance Group - U.S. Commercial Insurance Division 2025-02-24 - Divestiture
Conshohocken, Pennsylvania
Amerit Fleet Solutions, Inc. 2025-01-28 - Secondary Buyout
Walnut Creek, California · www.ameritfleetsolutions.com
Access Healthcare 2025-01-14 - Growth Capital
Dallas, Texas · www.accesshealthcare.com
Union Healthcare Insight LLC 2025-01-14 - Growth Capital
Washington, District of Columbia · www.unionhealthcareinsight.com
Machinify, Inc. 2025-01-10 - Buyout (LBO, MBO, MBI)
Palo Alto, California · www.machinify.com
Rawlings Group 2025-01-10 - Merger
La Grange, Kentucky · www.rawlingsgroup.com
Citrin Cooperman & Co. LLP 2025-01-07 - Secondary Sale
New York, New York · www.citrincooperman.com
Salute, Inc. 2024-09-30 - Secondary Buyout
Franklin, Wisconsin · www.salutemissioncritical.com
Datassential, Inc. 2024-09-13 - Secondary Buyout
Chicago, Illinois · www.datassential.com
View All >>

Portfolio M&A

Company Acquired Add-On/Sale Date #
Datavant Group 2014-10-31 Ontellus 2025-06-12 8
Phoenix, Arizona · www.datavant.com Houston, Texas · www.ontellus.com
Machinify, Inc. 2025-01-10 Rawlings Group 2025-01-10 1
Palo Alto, California · www.machinify.com La Grange, Kentucky · www.rawlingsgroup.com
Pearce Services, Inc. 2020-04-14 Unified Power Holdings LLC 2024-12-17 3
Paso Robles, California · www.pearce-services.com Terrell, Texas · www.unifiedpowerusa.com
Azuria Corp. 2021-02-16 Miller Pipeline - Municipal Services Division 2024-11-06 22
St. Louis, Missouri · www.azuria.com Indianapolis, Indiana
Datavant Group 2014-10-31 Apixio, Inc. 2024-09-10 7
Phoenix, Arizona · www.datavant.com San Mateo, California · www.apixio.com
Qualus Corp. 2021-06-01 PFES LLC 2024-08-28 8
Cincinnati, Ohio · www.qualuscorp.com Western Springs, Illinois · www.pfes.com
Alpine Intel 2021-12-20 Veracity Research Co. 2024-04-09 6
Charlotte, North Carolina · www.alpineintel.com Dallas, Texas · www.vrcinvestigations.com
Bounteous 2021-08-03 Accolite, Inc. 2024-02-01 3
Chicago, Illinois · www.bounteous.com Addison, Texas · www.accolite.com
Azuria Corp. 2021-02-16 CRTS Global LLC 2024-01-04 2
St. Louis, Missouri · www.azuria.com Tulsa, Oklahoma · www.crtsglobal.com
Azuria Corp. 2021-02-16 Culy Contracting, Inc. 2023-12-13 21
St. Louis, Missouri · www.azuria.com Winchester, Indiana · www.culycontracting.com

M&A by Sector

Sector Current # Value All-time # Value
Information Technology 7 (15%) - 18 (18%) 5.0B (30%)
Business Services 6 (13%) - 12 (12%) -
Software 2 (4%) - 10 (10%) 200M (1%)
Insurance 3 (6%) 560M (11%) 7 (7%) 3.5B (21%)
Chemicals 2 (4%) - 6 (6%) 1.4B (9%)
Medical Products 2 (4%) 2.5B (50%) 4 (4%) 2.5B (15%)
Engineering 3 (6%) 963M (20%) 4 (4%) 963M (6%)
Information Services 3 (6%) 950M (19%) 4 (4%) 950M (6%)
Healthcare Services 2 (4%) - 4 (4%) -
Life Science 1 (2%) - 3 (3%) 1.6B (10%)
Financial Services 2 (4%) - 3 (3%) -
Internet Software and Services 1 (2%) - 3 (3%) -
Environmental - - 2 (2%) 655M (4%)
Automotive 1 (2%) - 2 (2%) -
Consumer Products 2 (4%) - 2 (2%) -
Consumer Services 2 (4%) - 2 (2%) -
Distribution 2 (4%) - 2 (2%) -
Manufacturing 1 (2%) - 2 (2%) -
Aerospace 1 (2%) - 1 (1%) -
Apparel/Textiles - - 1 (1%) -
Defense - - 1 (1%) -
Digital Media 1 (2%) - 1 (1%) -
Education - - 1 (1%) -
Energy Services and Equipment 1 (2%) - 1 (1%) -
Infrastructure 1 (2%) - 1 (1%) -
Marketing - - 1 (1%) -
Media 1 (2%) - 1 (1%) -
Staffing - - 1 (1%) -
Technology Hardware 1 (2%) - 1 (1%) -
Transportation - - 1 (1%) -
Total 48 $4.9B 102 $16.7B

Acquisitions By Geo

State/Country Current # Value All-time # Value
United States 47 (98%) 4.9B (100%) 97 (95%) 15.1B (90%)
  California 7 (15%) 950M (19%) 10 (10%) 1.7B (10%)
  New York 5 (10%) - 10 (10%) -
  Illinois 7 (15%) - 8 (8%) 4.8B (29%)
  Georgia 3 (6%) 560M (11%) 7 (7%) 1.3B (7%)
  Florida 3 (6%) - 7 (7%) -
  Texas 3 (6%) - 5 (5%) -
  Pennsylvania 3 (6%) - 5 (5%) -
  Virginia 1 (2%) - 5 (5%) 200M (1%)
  Connecticut 1 (2%) 2.5B (50%) 4 (4%) 3.1B (19%)
  Massachusetts 1 (2%) - 4 (4%) -
  North Carolina 1 (2%) - 3 (3%) 1.3B (8%)
  New Jersey - - 3 (3%) 1.6B (10%)
  Washington 2 (4%) - 2 (2%) -
  Missouri 1 (2%) 963M (20%) 2 (2%) 963M (6%)
  Delaware 1 (2%) - 2 (2%) -
  Arizona 1 (2%) - 2 (2%) -
  Tennessee 1 (2%) - 2 (2%) -
  Ohio 1 (2%) - 2 (2%) -
  Maryland 1 (2%) - 2 (2%) -
  Indiana - - 2 (2%) 225M (1%)
  Alabama - - 2 (2%) -
  Colorado 1 (2%) - 1 (1%) -
  Wisconsin 1 (2%) - 1 (1%) -
  Rhode Island 1 (2%) - 1 (1%) -
  District of Columbia 1 (2%) - 1 (1%) -
  South Carolina - - 1 (1%) -
  Louisiana - - 1 (1%) -
  Kentucky - - 1 (1%) -
  Kansas - - 1 (1%) -
Bermuda - - 2 (2%) -
Canada 1 (2%) - 1 (1%) -
  Nova Scotia 1 (2%) - 1 (1%) -
Switzerland - - 1 (1%) 1.6B (10%)
United Kingdom - - 1 (1%) -
Domestic 47 (98%) 4.9B (100%) 97 (95%) 15.1B (90%)
Cross-border 1 (2%) - 5 (5%) 1.6B (10%)
Total 48 $4.9B 102 $16.7B

Acquisitions by Deal Type

Type Current # Value All-time # Value
Secondary Buyout 25 (52%) - 39 (38%) 1.6B (11%)
Growth Capital 7 (15%) - 19 (19%) -
Buyout (LBO, MBO, MBI) 4 (8%) - 16 (16%) 1.6B (11%)
Divestiture 5 (10%) 4.0B (80%) 7 (7%) 8.8B (58%)
Stake Purchase 2 (4%) - 7 (7%) 200M (1%)
Recapitalization 2 (4%) - 6 (6%) 1.3B (9%)
Going Private 1 (2%) 963M (20%) 3 (3%) 1.7B (11%)
PIPE - - 3 (3%) -
Special Situations/Distressed 2 (4%) - 2 (2%) -
Total 48 $4.9B 102 $15.1B

Exits by Deal Type

Type Total # Value
Trade Sale - Public Company 17 (33%) 28.2B (96%)
Secondary Sale 13 (25%) 1.3B (4%)
Merger 7 (14%) -
Trade Sale 6 (12%) -
IPO 5 (10%) -
Stake Sale 2 (4%) -
SPAC 1 (2%) -
Total 51 $29.5B

Top M&A Advisors

Financial Deals
Jefferies
 5
Houlihan Lokey
 3
Credit Suisse Investment Banking
 3
Legal Deals
Ropes & Gray
 14
Simpson Thacher & Bartlett
 10
Kirkland & Ellis
 5

Deal Values

buy # Total
> $1B 5 $11.8B
$100M to $1B 8 $5.0B
TOTAL $16.7B
Largest Alight, Inc.
$4.8B (2017-02-10)
sell # Total
> $1B 9 $27.2B
$100M to $1B 5 $2.2B
< $100M 1 $53M
TOTAL $29.5B
Largest Blue Yonder, Inc.
$8.5B (2021-04-23)

M&A Connections

Deals
Acquired from
Investor(s)
41%
42 (41%)
Strategic(s)
7%
7 (7%)
Exited to
Investor(s)
29%
15 (29%)
Strategic(s)
59%
30 (59%)

Investor Summary

Investor Type

Private Equity Firm

Size

Mega

PE Assets

55.0B USD

Established

1999

Specialist/Generalist

Generalist

Leadership

Steven Klinsky

Founder & CEO

Arina Popova

Head of Legal

Joy Xu

Managin Director

Andre Moura

Managing Director

Andrew Barous

Managing Director

FAQ

When was New Mountain Capital founded?

New Mountain Capital was founded in 1999.

What type of investor is New Mountain Capital?

New Mountain Capital is a private equity firm.

Where is New Mountain Capital headquartered?

New Mountain Capital is headquartered in New York, New York.

How much capital does New Mountain Capital have under management?

New Mountain Capital has 55.0B USD under management.

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