DLA Piper advises Salute Holdings in majority investment from New Mountain Capital

DLA Piper advised Salute Holdings, LLC, a leading provider of integrated asset management services for the data center industry, in receiving a majority investment from New Mountain Capital, LLC, a leading growth-oriented alternative investment firm.

Founded in 2013, Salute provides comprehensive services across the full lifecycle of data centers, including facility operations and management, quality assurance and quality control inspection, and technical commissioning and retrofitting services. New Mountain’s investment enables Salute to continue to execute on its strong growth trajectory, expanding its portfolio of technology-enabled offerings and continuing its innovative, multi-skilled training approach to recruiting and retaining best-in-class talent.

“On behalf of our deal, it was a pleasure to deploy the full depth and breadth of our team’s capabilities to assist Salute in securing this majority investment,” said Eric Grossman, Vice Chair of DLA Piper’s Private Equity Group and the partner who led the deal team.

In addition to Grossman (Northern Virginia), the DLA Piper team included partners Tom Hendershot (Northern Virginia), Matt Servies (Atlanta), and Julia Kovacs (Baltimore); of counsel Melissa Sampson (Washington, DC) and associates Dan Rosenberg and Kristen Roberson (both in Washington, DC), and Edwin Cruz (Chicago).

With more than 225 global lawyers who provide strategic counsel to private equity funds and their industry-leading portfolio companies, DLA Piper’s Private Equity practice has the capacity, experience and relationships to help drive value across the investment life cycle by delivering responsive, efficient and integrated solutions around the world. The Private Equity practice is also the #1 most active law firm globally by PitchBook.