October 2024 | Firm News

Portage Point Partners Announces Strategic Growth Investment from New Mountain Capital

Portage Point Partners, a business advisory, interim management and investment banking firm serving middle market stakeholders, is pleased to announce a strategic minority growth investment from New Mountain Capital, a leading growth-oriented investment firm with over $55 billion in assets under management. This partnership represents a significant milestone for Portage Point adding an experienced partner that will support continued growth, enhance talent acquisition and elevate institutional profile.

Founded in 2016, Portage Point launched with a primary focus on Performance Improvement and Interim Management. Since then, the firm has added Turnaround & Restructuring, Office of the CFO, Transaction Advisory Services and Investment Banking, growing to more than 110 team members with a national footprint. The team delivers deep, blue chip experience across consulting, operations, finance, accounting, investment banking and turnaround and restructuring supporting middle market stakeholders with an integrated set of solutions and capabilities throughout the business and investment lifecycle.

“Since inception, we have focused on curating a high-performance culture that can quickly close knowledge gaps to capture value and mitigate risk for middle market stakeholders. The New Mountain investment is a testament to the team we have built, the impact of our work and the strength of our brand,” said Portage Point Founder & CEO, Matthew Ray. “New Mountain’s expertise in building high growth advisory-based professional services businesses make them the ideal partner to support our ambitious vision.”

Harris Kealey, Managing Director at New Mountain, added, “We have been deeply impressed by the Portage Point team, and the cultural emphasis on excellence, intensity and pace which consistently drives positive client outcomes. They deliver a differentiated, integrated capability for middle market companies and we look forward to supporting the continued expansion.”

“Our investment underscores our belief in the tremendous potential in the Portage Point platform and the growing need for integrated financial advisory, interim management and investment banking services. We are excited to partner with Portage Point to support this next chapter of growth,” added Nikhil Devulapalli, Managing Director at New Mountain.

Jefferies served as sole financial advisor while Kirkland & Ellis served as legal advisor to Portage Point. Ropes & Gray served as legal advisor to New Mountain Capital.

 

About Portage Point Partners

Portage Point Partners is a business advisory, interim management and investment banking firm intensely focused on the middle market. Our blue chip team leverages bulge bracket experience in consulting, operations, finance, accounting, investment banking and investing to provide unmatched transactional, operational and financial perspectives to middle market stakeholders. The Portage Point cross-functional platform is uniquely architected to offer fully integrated capabilities and solutions that identify value capture, mitigate risk and positively impact outcomes at every stage of the ever-changing middle market business lifecycle. From ideation to monetization, Portage Point delivers excellence across transaction advisory services, transaction execution services, office of the CFO, performance improvement, interim management, investment banking, operational turnaround and financial restructuring.

 

About New Mountain Capital

New Mountain Capital is a New York-based investment firm that emphasizes business building and growth, rather than excessive risk, as it pursues long-term capital appreciation. The firm currently manages private equity, strategic equity, credit, and net lease real estate funds with nearly $55 billion in assets under management. New Mountain seeks out what it believes to be the highest quality growth leaders in carefully selected industry sectors and then works intensively with management to build the value of these companies. For more information, visit www.newmountaincapital.com.

SELECT ENGAGEMENTS

Pallet-Ops
Tank Holdings
Multi-Color Corporation
American Airlines
Supply Source
Eddie Bauer
Liberty Tire
Libbey Glass
GST Autoleather
Sidewinder Drilling
zGallerie
ImageFIRST
Carestream
MHW
Blue Harvest Fisheries
NextPoint
Talogy
Nogin
IPSEN
Appgate
Ambri
Beauty Counter
Polyventive
Kindthread
LKCM Headwaters
Khoros
KanPak
Stampede Meat
Dunkin Donuts
Contessa
CSM Bakery Solutions
Arro
Merriam Webster
Aramex
Erickson
Republic Services
Imperial Dade
Maersk
Time Manufacturing
Nephron Pharmaceuticals
Agerion Pharmaceuticals
VistaPharm
Insys
Jefferson Dental Care
Resurgence Financial Services (RFS)
Payarc
Ditech Holding
Residential Capital Partners
EVO
Schumacher Electric
Quality Oil
Quicksilver Resources
Safari Energy
McDermott
Peabody Energy
Contrura
Bucaneer Energy
Lifelong Learner
Composites Horizons
NorthStar Air
Silver Airways
PrimeFlight
OAI
Aveos
Boeing
OneWeb
DeCrane Aircraft
Desser Aerospace
Motorsport Aftermarket Group
Principle Business Enterprises
Performance Powersports Group
Virtex
Tribe Capital
Sendero Midstream
Lycra
Monongahela Valley Hospital (MVH)
Holy Cross Health
Friendship Village
AIM Altitude
Noise & Vibration Technologies (aka NVT)
Tucker
Valentus
Virtus
Yandy
Kognitive
Marana
Nebula
Vanderbend
United Services Companies
OnePacs
NextEdge
MusclePharm
The Comfy
KKSP Precision Manchining
Naylor
Stubhub
Step2
Rimkus
Kaizen Collision Center
Center for Autism and Related Disorders
GCR
JMB Shipping
TOMS
Islet Sciences
Jansy
Inspirion Delivery Sciences
Innovative Labs
Incipio
Flores
Guy & O’Neill
Global Automotive Systems
Engine Group
Energold group
Endurance Environmental Solutions
Eckler’s
Eaglestone Holdings
Dura Automotive
DermaRite
Dawn
Cracker Barrel
Car Outlet
Colson Group
Ceruzzi Properties
Civix
Picture People
China Fishery Group
Beverly Community Hospital Association
Behavioral Health Network
Beauty Brands
Bako Diagnostics
AutoPlus
AppHarvest
Aphena Pharma Solutions, Inc.
Aegion
Advanced Converting Works, Inc.
Alamo Drafthouse Cinemas
Alex and Ani
Benitago
Loot Crate
Eriks
Voyager
Three Arrows Capital
Tuesday Morning
Triangle Petroleum Corporation
Trax Group
Trans World Entertainment
Teligent
Synergy Pharmaceuticals
StorCentric
Sinai Health
Samus Therapeutics
Rupari
Plastiq
Pipeline Health
Partners In Performance (PIP)
Paragon Metals
Outcome Health
Nelbud Services Group
Myron Corporation
Melinta Therapeutics
MCS
Maurice Sporting Goods
Luminator Technology Group
Intelsat
Hornbeck Offshore Services
Faraday Future
Express Jet
Etailz
Eyecare Services Partners
Dayco
Carlson Worldwide Travel
Complete Nutrition
Compute North
Cashman Equipment
Channel Control Merchants LLC
Color Communications
Encyclopedia Britannica
Bridge
Bouchard Transportation Co., Inc.
Big Village
Ascent Aviation Services
APC Automotive Technologies
Alert 360
Healthcare Linen Service Group
Summit Packagaing