Chantilly, VA – September 06, 2011
Iron Bow Technologies, LLC, announced today that Rene LaVigne, President and CEO, along with other current senior executives, have acquired a controlling interest in the company through a management buyout. Iron Bow, with revenues of approximately $800 million and over 300 employees, was majority owned by private equity funds managed by New Mountain Capital LLC (New Mountain.) New Mountain and other selling shareholders will collectively retain a minority interest in connection with the transaction.
Iron Bow is an information technology solutions provider with expertise in IT security, data center, collaboration, network infrastructure and client computing disciplines. The company has strong relationships within the defense, civilian, intelligence and commercial markets.
“This is a great day for Iron Bow as we were able to deliver outstanding value to all our stakeholders as a result of our committed vision, execution of strategy, and operational performance during the last few years,” said Rene LaVigne. “We have solidified Iron Bow as a formidable platform and are considered among the elite in the marketplace. New Mountain has been a great partner over the years in supporting and building our business and I’m excited to have their continued support going forward.”
Iron Bow will not experience any organizational changes as a result of the transaction and will remain committed to providing deep technical expertise and exceptional customer service as an owner-operated business. The company will remain committed to its customer focused culture ensuring implementation of cutting-edge technology solutions and reliable service across the globe.
“Rene and the management team at Iron Bow have done a great job meeting the needs of customers and building the business. They are very well positioned to lead it going forward,” said Bert Notini, former Chairman of Iron Bow and a Senior Advisor to New Mountain. “We look forward to their 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 investments in growth equity transactions, leveraged acquisitions, and management buyouts. The firm currently manages private and public equity funds with approximately $9 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, please visit www.newmountaincapital.com.