Salute
- Held since
- Sep 30, 2024 · 2 yr
- Owners
- 2 of 2 on record
- Add-ons
- 1 · 1 in 24 months
- Transactions
- 3
- Latest transaction
- Sep 30, 2024
What matters now
- 1add-ons, last 12 months vs the 12 before
1 add-on in the last 12 months; latest T5 Operations on 1 Sep 2026.
Its first add-ons on record in two years: a platform starting to build.
- +5sponsor funds on Form ADV
Its sponsor, NEW Mountain Capital, LLC, went from 9 to 14 private equity funds on its Form ADV.
New vehicles at the sponsor are capital arriving: it can keep funding this roll-up rather than sell it to fund the next one.
FactSEC Form ADV, Schedule DFor Lenders, sell-side bankers
Buy and build
- Sponsor
- NEW Mountain Capital, LLC
- Add-ons 12m / 24m / total
- 1 / 1 / 1
- Latest add-on
- Sep 1, 2026
- States entered
- no add-on location on record
- T5 Operations Sep 1, 2026, by LLR Management Holdco, L.P. llrpartners.com
Company
- Employees
- unknown
- Founded
- unknown
- Current owner since
- Sep 30, 2024
- Owners on record
- 2 (2 current)
- Add-ons
- 1 (1 in 24 months)
Owners through time
- Sep 30, 2024transaction announcementNEW Mountain Capital, LLC Platformactiveheld 2.0 yearsPress release
- date unknownLLR Management Holdco, L.P. PlatformactiveFirm website
Transactions
- Sep 30, 2024 Platform acquisition of this company · Not disclosedParties: DLA Piper (Legal adviser) confirmed, Simpson Thacher & Bartlett LLP (Legal adviser) confirmed, Joe Walker (Deal partner) confirmed, Rishi Abuwala (Deal partner) confirmed, NEW Mountain Capital, LLC (Sponsor) confirmed, Salute (Target) confirmedFactPress release
All 2 transactionsincluding the add-on acquisitions
- Sep 1, 2026 Add-on acquisition of T5 Operations · Not disclosedParties: King & Spalding (Legal adviser) confirmed, Simpson Thacher & Bartlett LLP (Legal adviser) confirmed, Lazard (Sell-side adviser) confirmed, Salute (Platform) confirmed, LLR Management Holdco, L.P. (Sponsor) derived, David Mettler (Management) confirmed, Erich Sanchack (Management) confirmed, T5 Operations (Target) confirmedFactPress release
- Sep 30, 2024 Platform acquisition of this company · Not disclosedParties: DLA Piper (Legal adviser) confirmed, Simpson Thacher & Bartlett LLP (Legal adviser) confirmed, Joe Walker (Deal partner) confirmed, Rishi Abuwala (Deal partner) confirmed, NEW Mountain Capital, LLC (Sponsor) confirmed, Salute (Target) confirmedFactPress release
Events
- Sep 30, 2024Salute Announces Investment from New Mountain Capital to Support Data Center Growth TrajectoryTransaction announced Press release
Full timeline · 2 eventsnewest first, including the add-ons
- Sep 1, 2026Salute Announces Agreement to Acquire T5 Operations Strategic acquisition further expands Salute’s world-class FM&O leadership for AI/HPC and cloud data centers Salute,...Add-on acquired Press release
- Sep 30, 2024Salute Announces Investment from New Mountain Capital to Support Data Center Growth TrajectoryTransaction announced Press release
Salute sits on 28 traced paths of capital across the graphs.
DFX traced 28 paths of capital through this record
Every record on each path, what it committed or lent, and as of when.
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
Derived from allocator disclosures, BDC schedules and SEC filings; confidence is the weakest hop.
Checking your plan…
Record history
- Add-on acquired2026-09-01source on record
- Add-on acquired2026-09-01source on record
- Add-on acquired2026-09-01source on record
+5 more changes on this record's ledger
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
The ledger records every merge, rename and reclassification this record went through and the dated filings observed on it, so the identity on this page can be traced to the records it was built from. The ledger's own sentences name other records, so they show with the names.
Not yet on record: employees, founding year.