Ropes & Gray Advised New Mountain Capital in Majority Investment in SAM

Ropes & Gray represented New Mountain Capital in a majority investment by funds managed by New Mountain in SAM, a leading independent provider of mission-critical geospatial and inspection services to the utility and critical infrastructure markets. The transaction closed on July 1. 

SAM delivers an integrated suite of solutions across land and aerial surveying, subsurface utility engineering, construction and asset inspection, and digital data management, serving a diversified, blue-chip base of investor-owned utilities, transportation agencies, telecom providers, and other infrastructure owners.

New Mountain Capital is a New York-based investment firm that emphasizes business building and growth, rather than excessive risk, as it pursues long-term capital appreciation. The firm currently manages private equity, strategic equity, credit, and net lease real estate funds with approximately $60 billion in assets under management.

The team was led by private equity partner Todd B. Kornreich and associates Christopher P. Hewitt and Beverly Cheng, finance partners Stefanie Birkmann and Arek Maczka and associate Jessica Glockner, tax partner Adam Greenwood, executive compensation & benefits partner Danna Kivell,  labor counsel Jenny Cooper, IP transactions partner Jordan Altman, data, privacy & cybersecurity partner Fran Faircloth, antitrust partner Jonathan Klarfeld, HSR partner Deidre Johnson, environmental partner Peter Alpert, ACIR partner Brendan Hanifin and counsel Kurt Fowler, ESG partner Michael Littenberg, and representation & warranty insurance counsel Alison McLaughlin and Heather Sprague.