Chicago and New York – October 2, 2024 – Portage Point Partners, a premier business advisory, interim management, and investment banking firm focused on the middle market, has announced a significant strategic minority growth investment from New Mountain Capital, a leading growth-oriented investment firm managing over $55 billion in assets. This partnership marks a pivotal moment for Portage Partners, set to fuel expansion, bolster talent acquisition, and elevate the firm’s institutional standing.
Established in 2016, Portage Partners initially concentrated on Performance Improvement and Interim Management. The firm has strategically broadened its service offerings to include Turnaround & Restructuring, Office of the CFO, Transaction Advisory Services, and Investment Banking. This growth has propelled the company to a national presence with over 110 professionals. The Portage Partners team brings substantial, top-tier experience spanning consulting, operations, finance, accounting, investment banking, and turnaround and restructuring. This deep expertise allows them to provide middle market stakeholders with a comprehensive and integrated suite of solutions across the entire business and investment lifecycle.
Matthew Ray, Founder & CEO of Portage Partners, stated, “From our inception, our priority has been to cultivate a high-performance culture adept at swiftly bridging knowledge gaps to create value and reduce risk for middle market stakeholders. New Mountain’s investment is a clear endorsement of our team, the impact of our work, and the strength of the Portage Point Partners brand. New Mountain’s proven track record in developing high-growth advisory-based professional services businesses makes them the ideal partner to help us realize our ambitious vision for Portage Partners.”
Harris Kealey, Managing Director at New Mountain, commented, “We are highly impressed by the Portage Partners team and their culture that emphasizes excellence, intensity, and speed, consistently leading to positive outcomes for their clients. They offer a unique, integrated capability for middle market companies, and we are eager to support their continued growth and expansion.”
Nikhil Devulapalli, Managing Director at New Mountain, further added, “Our investment reflects our strong conviction in the significant potential of the Portage Partners platform and the increasing demand for integrated financial advisory, interim management, and investment banking services. We are excited to partner with Portage Partners to support this next phase of their growth journey.”
Jefferies acted as the exclusive financial advisor to Portage Partners, while Kirkland & Ellis served as legal counsel. Ropes & Gray provided legal counsel to New Mountain Capital.
About Portage Point Partners
Portage Point Partners is a business advisory, interim management, and investment banking firm intensely focused on serving the middle market. The firm’s team of seasoned professionals utilizes their extensive experience from top-tier firms in consulting, operations, finance, accounting, investment banking, and investing. This deep and diverse background allows Portage Partners to deliver unparalleled transactional, operational, and financial insights to middle market stakeholders. The Portage Point platform is uniquely structured to provide fully integrated capabilities and solutions designed to identify opportunities for value creation, mitigate risks, and drive positive results at every stage of the dynamic middle market business lifecycle. From initial concept to monetization, Portage Partners excels in delivering comprehensive services across transaction advisory, transaction execution, office of the CFO, performance improvement, interim management, investment banking, operational turnaround, and financial restructuring. Discover how Portage Point Partners can make a positive impact on your business at www.portagepointpartners.com.
About New Mountain Capital
New Mountain Capital, based in New York, is an investment firm committed to business building and growth, prioritizing long-term capital appreciation over excessive risk-taking. The firm currently manages private equity, strategic equity, credit, and net lease real estate funds, with approximately $55 billion in assets under management. New Mountain actively seeks out and partners with high-caliber, growth-oriented leaders in select industry sectors, working closely with management teams to enhance the value of their businesses. For additional information, please visit: www.newmountaincapital.com.
Media Contacts:
Portage Point Partners
Heidi Becker
Marketing Director
Portage Point Partners
[email protected]
New Mountain Capital
Dana Gorman / Lisa Pham
H/Advisors Abernathy, for New Mountain Capital
(212) 237-5999
[email protected] / [email protected]
SOURCE Portage Point Partners
