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Salute Holdings Secures Majority Investment from New Mountain Capital
Slice of Real Estate Team
October 03, 2024
Key Highlights:
Salute Holdings secures majority investment from New Mountain Capital.
LLR Partners retains a significant minority stake in the company.
Salute offers integrated lifecycle services to the data center industry.
New Mountain's investment supports Salute’s expansion and talent growth.
Source: Business Wire
Notable 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 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.”
“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.”
Our Take:
This majority investment by New Mountain Capital solidifies Salute Holdings' position as a leader in the data center industry, particularly by expanding its innovative services and talent development initiatives. With LLR Partners continuing to hold a minority stake, this strategic partnership is poised to enhance Salute’s technological capabilities and increase its global footprint, making it well-equipped to meet the growing demand for reliable data center services. The alignment of these financial backers demonstrates confidence in Salute’s future growth and ability to navigate the evolving landscape of critical infrastructure management.