ACA Compliance Group (“ACA”) is a leading provider of regulatory compliance products, performance services, and technology solutions to the financial services industry in the U.S., U.K., Hong Kong, and Brazil. Founded in 2002 by former SEC examiners and state regulators, ACA services and develops its products with a team comprised of former SEC, FINRA, FSA, NYSE, CFTC, NFA, and state regulators, as well as former senior in-house compliance professionals from prominent financial institutions. ACA serves a diversified base of leading investment advisers, private fund managers, commodity trading advisors, investment companies, and broker-dealers, including 63 of the top 100 hedge fund managers, 25 of the world’s top 50 private equity firms, and 57 of the top 100 US money managers. ACA offers a suite of complementary solutions to address mission-critical, ongoing client needs, including standard and customized compliance packages, GIPS® verifications and other performance services, and a wide variety of technology solutions to financial services firms.
New Mountain acquired ACA as a result of the firm’s multi-year, proactive “deep dive” effort in the Governance, Risk, and Compliance (“GRC”) sector. New Mountain first entered into a dialogue with ACA’s founding partners in 2011, and New Mountain completed the acquisition of ACA in December 2013 following over seven months of exclusive due diligence outside of an auction process. While New Mountain acquired a controlling interest in ACA, the firm’s five original founders and partners maintain a significant investment in the new entity.