New Mountain Capital

• New Mountain Capital to Acquire Jensen Hughes from Gryphon Investors

  August 5, 2026

  Buyer

  New Mountain Capital, LLC

  Target

  Jensen Hughes

  Seller

  Gryphon Investors

  Industry

  Professional Services

  Location

  Maryland, United States

  Type

  Buyout

  New Mountain Capital entered into a definitive agreement to acquire Jensen Hughes, a global fire protection engineering and nuclear risk engineering company, from Gryphon Investors. The transaction is expected to close in Q4 2026, subject to customary regulatory approvals and closing conditions. Financial terms were not disclosed.

• Grant Thornton Advisors to Acquire CBIZ for $5 Billion

  July 31, 2026

  Buyer

  Grant Thornton Advisors LLC, New Mountain Capital

  Target

  CBIZ, Inc.

  Industry

  Professional Services

  Location

  Ohio, United States

  Type

  Buyout

  Grant Thornton Advisors will acquire CBIZ in an all-cash transaction valued at $5 billion, paying $55.00 per CBIZ share (a ~54% premium to the 30-day VWAP). The deal is expected to close in Q4 2026, subject to CBIZ shareholder approval and regulatory clearances, and includes a go-shop period ending August 27, 2026.

• New Mountain Capital Makes Majority Investment in SAM Companies

  July 1, 2026

  Buyer

  New Mountain Capital

  Target

  SAM Companies

  Seller

  Peak Rock Capital (affiliate)

  Industry

  IT Services

  Location

  Texas, United States

  Type

  Buyout

  An affiliate of Peak Rock Capital sold SAM Companies to New Mountain Capital in a transaction in which New Mountain acquired a majority ownership interest. SAM is a provider of geospatial and inspection services for utility and other critical infrastructure customers, offering end-to-end solutions across the critical infrastructure lifecycle.

• New Mountain Capital Acquires Asset Living from Roark Capital

  June 5, 2026

  Buyer

  New Mountain Capital

  Target

  Asset Living

  Seller

  Roark Capital

  Industry

  Real Estate

  Location

  Texas, United States

  Type

  Buyout

  New Mountain Capital, a private equity firm, announced it will buy residential property management company Asset Living for $2 billion from Roark Capital. Asset Living, founded in 1986, manages a nationwide portfolio spanning multifamily, single-family rentals, affordable housing, build-to-rent, active adult, and student housing.

• Swoop Acquires Nimble (NimbleRx)

  May 26, 2026

  Buyer

  Swoop, New Mountain Capital

  Target

  Nimble

  Industry

  Healthcare Services

  Location

  California, United States

  Type

  Addon

  Swoop, a healthcare engagement platform backed by New Mountain Capital, announced the acquisition of Nimble, a prescription management platform for independent pharmacies across all 50 states. The deal expands Swoop from engagement and omnichannel activation into prescription fulfillment and medication adherence using privacy-safe pharmacy data and signals.

• IMA Financial Group Completes $4B Equity Recapitalization With Oak Hill and New Mountain as Minority Backers

  May 13, 2026

  Buyer

  Oak Hill Capital, New Mountain Capital, HarbourVest Partners, SkyKnight Capital, The Stephens Group

  Target

  IMA Financial Group, Inc.

  Seller

  SkyKnight Capital, The Stephens Group

  Industry

  Insurance

  Location

  Colorado, United States

  Type

  Recapitalization

  IMA Financial Group, Inc., a North American insurance brokerage, completed an equity recapitalization valued at about $4 billion. Oak Hill Capital and New Mountain Capital took minority stakes, with HarbourVest Partners and select institutional co-investors participating, while IMA’s 3,000+ employees retained majority ownership.

• Azuria Water Solutions Acquires Waterline Renewal Technologies from Behrman Capital

  February 27, 2026

  Buyer

  Azuria Water Solutions, New Mountain Capital

  Target

  Waterline Renewal Technologies

  Seller

  Behrman Capital

  Industry

  Infrastructure

  Location

  Illinois, United States

  Type

  Buyout

  Behrman Capital sold its portfolio company, Waterline Renewal Technologies, to Azuria Water Solutions, a New Mountain Capital portfolio company. Waterline provides engineered products for the trenchless rehabilitation of wastewater and stormwater infrastructure; financial terms were not disclosed.

• Machinify Acquires Performant Healthcare for Approximately $670M

  October 21, 2025

  Buyer

  Machinify, New Mountain Capital

  Target

  Performant Healthcare, Inc.

  Seller

  Performant Healthcare stockholders

  Industry

  Healthcare Services

  Location

  Florida, United States

  Type

  Buyout

  Machinify, a New Mountain Capital–backed healthcare intelligence company, has completed the acquisition of Performant Healthcare, Inc. (Nasdaq: PHLT) for about $670 million. The deal combines Performant’s audit and recovery expertise with Machinify’s AI-powered payment platform to expand capabilities and reach into government and commercial payer markets; Performant will be delisted from Nasdaq and operate privately.

• Wipfli Secures Strategic Minority Investment From New Mountain Capital

  August 1, 2025

  Buyer

  New Mountain Capital

  Target

  Wipfli LLP, Wipfli Advisory LLC

  Industry

  Accounting & Tax

  Location

  United States

  Type

  Growth capital

  Wipfli LLP (and related entities) entered into a definitive agreement for a significant minority investment from New Mountain Capital. The investment is intended to accelerate Wipfli’s growth, expand talent and technology investments, and support innovation while Wipfli remains majority-owned and partner-led following closing.

• Turri's Italian Foods Acquires Joseph's Gourmet Pasta

  July 30, 2025

  Buyer

  Turri's Italian Foods, Benford Capital Partners, New Mountain Capital

  Target

  Joseph's Gourmet Pasta

  Seller

  LaSalle Capital

  Industry

  Food & Beverage

  Location

  Massachusetts, United States

  Type

  Addon

  Turri's Italian Foods, a Fund II portfolio company of Benford Capital Partners, has acquired Joseph's Gourmet Pasta to form a combined frozen pasta, rice and sauce platform serving foodservice, retail and CPG customers. Benford Capital partnered on the transaction; New Mountain Capital participated in acquiring Joseph's real estate assets and Joseph's was acquired from LaSalle Capital.

• Grant Thornton Multinational Platform Adds Grant Thornton Switzerland/Liechtenstein and Grant Thornton Channel Islands

  June 17, 2025

  Buyer

  Grant Thornton Advisors LLC, New Mountain Capital

  Target

  Grant Thornton Switzerland/Liechtenstein, Grant Thornton Limited (Channel Islands)

  Industry

  Professional Services

  Location

  Switzerland

  Type

  Addon

  Grant Thornton Advisors LLC announced that Grant Thornton Switzerland/Liechtenstein and Grant Thornton Limited (Channel Islands) will join the multinational platform it formed with Grant Thornton Ireland, expanding the platform's footprint across key European financial hubs. The platform is backed by an investor group led by New Mountain Capital and will broaden Grant Thornton's audit, tax and advisory capabilities in Switzerland, Liechtenstein, Jersey and Guernsey.

• New Mountain Capital-backed Grant Thornton Advisors platform acquires Grant Thornton UAE

  April 23, 2025

  Buyer

  Grant Thornton Advisors LLC, New Mountain Capital

  Target

  Grant Thornton UAE, Grant Thornton (Cayman), Grant Thornton Luxembourg

  Industry

  Professional Services

  Location

  United Arab Emirates

  Type

  Addon

  Grant Thornton UAE announced it reached an agreement to unite with Grant Thornton Advisors LLC, adding the UAE firm to the multinational Grant Thornton Advisors platform. The platform is backed by an investor group led by New Mountain Capital and is intended to broaden unified advisory and tax capabilities across regions and service lines.

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