New Mountain Capital completed the acquisition of a majority stake in Salute.

New Mountain Capital, an alternative investment firm, completed the acquisition of a majority stake in Salute, a provider of integrated asset management services for the data center industry. Financial terms were not disclosed. “New Mountain has long admired Salute’s business and its dedication to helping data center owners manage their complex infrastructure reliably and sustainably. We are excited to partner with Erich, the rest of the Company’s experienced leadership team, and LLR to continue building Salute as the leading partner and employer of choice in the data center industry.” Rishi Abuwala, Director at New Mountain, added, “Salute’s commitment to quality, innovation, and responsibility is critical to its success and we look forward to investing further in the Company’s industry-leading capabilities and technology-enabled solutions,” Joe Walker, New Mountain Managing Director.