Leading private equity firm sees opportunities to continue company’s growth trajectory
MILWAUKEE, Wis. – RedPrairie Holding, Inc., a productivity solutions provider, announced today that it has entered into a definitive agreement to be acquired by a fund affiliated with New Mountain Capital, L.L.C., a leading private equity firm. This acquisition will enable RedPrairie to accelerate its already rapid growth rate while enhancing its commitment to customer success.
“Our objective is to be the leading provider of productivity solutions for manufacturers, distributors and retailers,” says Mike Mayoras, RedPrairie CEO. “Our relationship with New Mountain Capital will allow us to reach our strategic goals quickly, efficiently and with certainty. We believe there are significant opportunities to provide more value to our customer base by expanding our product portfolio and entering new markets.”
Alok Singh, Managing Director of New Mountain Capital, states, “We are delighted at the prospect of being able to add RedPrairie to our family of companies. They have consistently, over their long history, been committed to the success of their customers. We aim to work closely with RedPrairie’s management team and help them accelerate their growth and strategic development, making them an even more valued partner to their customer base.”
Says David R. Golob, Chairman of the RedPrairie Board of Directors and Partner at Francisco Partners, “RedPrairie has a strong vision, proven set of solutions and talented management team. I believe RedPrairie and New Mountain Capital will be a great combination. I wish them continued success.”
About New Mountain Capital
New Mountain Capital is a New York-based private equity firm investing for long-term capital appreciation through direct investment in growth equity transactions, leveraged acquisitions, and management buyouts. The Firm currently manages private and public equity funds with approximately $8.5 billion in aggregate capital commitments. New Mountain seeks out 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 on New Mountain Capital, please visit www.newmountaincapital.com.
RedPrairie delivers productivity solutions to help companies around the world in three categories – workforce, inventory and transportation. RedPrairie provides these solutions to manufacturers, distributors and retailers looking to support business strategies that increase revenue, reduce costs and create competitive advantage.
With over 20 global offices and solutions that are installed at more than 34,000 customer sites in over 40 countries, companies trust RedPrairie workforce, inventory and transportation solutions to deliver an increase in productivity – with the flexibility to adapt as business needs change.
At RedPrairie, we understand today’s operational demands and we’re committed to delivering solutions that work. We’re committed to delivering solutions for the real world.
For additional information, call 1.877.733.7724, or visit RedPrairie.com.