New Mountain invests in transportation and water infrastructure consulting firm Consor Holdings | PE Hub

• AEC Advisors LLC served as financial advisor to New Mountain Capital while Harris Williams and Houlihan Lokey served as financial advisors to Consor and Keystone Capital
• Consor’s leadership team and employees have retained a significant ownership stake in the firm
• Based in New York, New Mountain Capital has over $50 billion in assets under management

New Mountain Capital has made an investment in Consor Holdings LLC, a North American provider of transportation and water infrastructure engineering and consulting services.

As part of this transaction, Keystone Capital will exit its stake in Consor.

Moving forward, Consor’s leadership team and employees have retained a significant ownership stake in the firm.

On the transaction, Lars Johansson, managing director at New Mountain, said in a statement, “Our investment in Consor is the result of New Mountain’s long-standing effort investing in infrastructure services and technology businesses. Chris and the leadership team have built an outstanding business with expertise in key end markets we believe in and that have continual growth opportunities.”

AEC Advisors LLC served as financial advisor and Ropes & Gray LLP served as legal advisor to New Mountain Capital. Harris Williams and Houlihan Lokey served as financial advisors and DLA Piper served as legal advisor to Consor and Keystone Capital.

Based in New York, New Mountain Capital has over $50 billion in assets under management.