Salute Holdings, a leading provider of integrated asset management services for the data center industry, announced it raised a majority investment from funds managed by New Mountain Capital, a leading growth-oriented alternative investment firm based in New York. Current investor LLR Partners will maintain a significant minority investment in the company.
Launched in 2013, Salute provides comprehensive services across the entire lifecycle of data centers, including facility operations and management, quality assurance and quality control inspection, and technical commissioning and retrofitting services. Driven by a commitment to reliable services and a broad range of end-to-end solutions, the Company serves a blue-chip customer base of leading data center asset owners. It employs over 1,200 dedicated professionals, approximately 40% of whom are US Armed Forces veterans.
With this funding and New Mountain’s added resources, Salute is well-positioned to continue executing on its strong growth trajectory, expanding its portfolio of technology-enabled offerings and continuing its multi-skilled training approach to recruiting and retaining best-in-class talent.
DLA Piper served as legal counsel to Salute and Simpson Thacher & Bartlett served as legal counsel to New Mountain Capital.
KEY QUOTES:
“New Mountain’s track record of building leading companies in critical infrastructure services and alignment with our growth strategy makes them an ideal partner for Salute. We are also appreciative of LLR’s support and continued partnership as we build on our current momentum. Salute is well-positioned to meet our customers’ evolving needs in a dynamic market and to continue to invest in our capabilities and talented employees.”
- Erich Sanchack, Salute’s CEO
“New Mountain has long admired Salute’s business and its dedication to helping data center owners manage their complex infrastructure reliably and sustainably. We are excited to partner with Erich, the rest of the Company’s experienced leadership team, and LLR to continue building Salute as the leading partner and employer of choice in the data center industry.” Rishi Abuwala, Director at New Mountain, added, “Salute’s commitment to quality, innovation, and responsibility is critical to its success and we look forward to investing further in the Company’s industry-leading capabilities and technology-enabled solutions.”
- Joe Walker, Managing Director at New Mountain
“Since its founding, Salute has achieved impressive organic growth, attracted top tier talent to its team, executed on strategic acquisitions, and expanded its international presence. We’re thrilled to continue supporting Salute’s growth trajectory and mission to provide meaningful value for its customers and employees, and we are excited to partner with New Mountain on this next stage of growth.”
- Michael Levenberg, Partner at LLR
