New Mountain Capital has become the majority investor in lifecycle data center services provider Salute Mission Critical. The current majority owner, LLR Partners, will retain a significant minority investment in the company.
Salute Mission Critical specializes in integrated services for data center owners, including facility operations and management, quality assurance, technical commissioning, and retrofitting services. The new investment will be utilized to further Salute’s growth strategy and enhance its service offerings.
“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,” stated Erich Sanchack, Salute’s CEO. He also expressed appreciation for LLR’s ongoing support and partnership as the company builds on its current momentum. “Salute is well-positioned to meet our customers’ evolving needs in a dynamic market and to continue investing in our capabilities and talented employees.”
Joe Walker, managing director at New Mountain, commented, “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. Under the leadership of former Digital Realty COO Sanchak, who was appointed in March of last year, Salute employs over 1,200 people, with 40 percent being veterans of the US Armed Forces. Salute’s founder, Lee Kirby, previously highlighted the valuable skills that former military personnel bring to the data center industry.
In recent years, Salute has expanded its portfolio by acquiring several companies, including OBMG, an Irish engineering consultancy, Iconicx Critical Solutions, a US data center consultant, and AMS Helix, a UK-based digital infrastructure solution provider.
