ProfileĀ® Products Acquired by New Mountain Capital
BUFFALO GROVE, Ill. ā ProfileĀ® Products, a leading developer and manufacturer of highly engineered specialty agriscience materials that promote environmental sustainability while delivering superior performance for horticulture, erosion control and other specialty applications, today announced its acquisition by New Mountain Capital, a New York-based investment firm emphasizing business building and growth. New Mountain will work together with Profileās current leadership team to continue the companyās growth trajectory in key markets and identify additional expansion opportunities.
āWeāre excited New Mountain Capitalās talented team shares our vision to accelerate Profileās growth to provide even more opportunities for our customers,ā said Jim Tanner, CEO of Profile Products. āBy combining our industry knowledge with New Mountain Capitalās expertise and financial resources, weāll be able to make more strategic acquisitions, invest in additional infrastructure and expand our R&D capabilities. We look forward to our partnership and the benefits it will yield for our customers, employees and industry partners.”
āThrough its track record of innovation, Profile has established itself as a dynamic leader in the green technology and horticulture markets,ā said Harris Kealey, managing director at New Mountain Capital. āWe believe Profile is positioned to benefit from favorable macro trends and will continue to take share in its end markets due to its productsā superior performance, cost position and environmentally sustainable attributes. We intend to substantially increase capacity at all operations to support the growth and aggressively pursue opportunities that enhance the product offering.ā
ABOUT PROFILE PRODUCTS LLC
Based in Buffalo Grove, Ill., PROFILE Products LLC is the worldās leading provider of environmentally sound, site-specific solutions for horticultural production, erosion control and vegetation establishment, soil modification and sports turf. For more information call (800) 508-8681, email [email protected] or visit profileproducts.com.
ABOUT NEW MOUNTAIN CAPITAL
New Mountain Capital is a New York-based investment firm that emphasizes business building and growth, rather than debt, as it pursues long-term capital appreciation. The firm currently manages private equity, credit and net lease real estate funds with over $35 billion in assets under management. New Mountain seeks out what it believes to be the highest-quality leaders in carefully selected ādefensive growthā industry sectors and works intensively with management to build the value of these companies. Additional information about New Mountain Capital is available at newmountaincapital.com