New Mountain Capital has taken a majority stake in lifecycle data center services provider Salute Mission Critical.
Current majority owner LLR Partners will maintain a significant minority investment in Salute, which provides integrated services such as facility operations and management, quality assurance, technical commissioning, and retrofitting services, to data center owners.
The company will use the investment to continue its growth strategy and add to its service offerings.
Further details of the deal were not shared.
“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,” said Erich Sanchack, Salute’s CEO.
“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.”
Joe Walker, managing director at New Mountain, said, “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.”
Founded in 2013, Salute operates from 12 global offices, providing resources to hyperscale, cloud, colocation, Edge, and enterprise clients. The company is headed up by former Digital Realty COO Sanchak, who was appointed in March last year.
It employs more than 1,200 people, 40 percent of whom are veterans of the US Armed Forces. Salute founder Lee Kirby explained why former military personnel were a good fit in the data center industry in a DCD interview in 2018.
In the past two years, Salute has acquired Irish engineering consultancy firm OBMG, US data center consultant Iconicx Critical Solutions, and UK-based AMS Helix, a digital infrastructure solution provider.
