Equiteq advises RevUnit on investment from Mountaingate Capital

17 July 2019 Consulting.us 3 min. read
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Global investment bank Equiteq advised technology consultancy RevUnit on its investment from Mountaingate Capital, a mid-market private equity firm.

Founded in 2012, Bentonville, Arkansas–based RevUnit delivers innovative strategy and custom technology solutions focused on operational transformation. The firm helps clients re-imagine business-critical workflows and overcome challenges in scale, complexity, and innovation – leveraging strong software development capabilities.

RevUnit has been named an Inc. 5000 fastest-growing private company, and has consistently ranked as a “Best Place to Work.” The firm has more than 100 employees across offices in Bentonville, Las Vegas, and Austin-San Antonio.

Looking to build upon its strong growth, the company in late 2017 enlisted Equiteq’s strategic advisory team to build equity value and prepare for a transaction. The process has now resulted in an investment from private equity firm Mountaingate, which will help RevUnit accelerate its growth organically and through strategic acquisitions.

Equiteq advises RevUnit on investment from Mountaingate Capital

“Our journey with Equiteq added significant value to our business and led to a highly desirable outcome,” Michael Paladino and Joe Saumweber, RevUnit’s co-founders, said. “We first engaged Equiteq to perform a strategic review which enabled us to identify gaps and put together a plan for the next 18 months to enhance RevUnit’s attractiveness to the market. Equiteq’s deep appreciation of our value proposition, growth potential, and their unrivalled knowledge of the market made them compelling advocates. This successful advocacy ultimately led to significant market interest and stakeholder choice.”

RevUnit chose to partner with Mountaingate because of strong cultural alignment and the private equity firm’s proven track record of helping similar companies “scale responsibly.”

Denver-based Mountaingate focuses on new platform companies with EBITDA between $5 million and $25 million. The investment in RevUnit was the seventh platform investment in its debut fund, which is entirely made up of founder entrepreneur companies.

“We are very excited to partner with RevUnit’s deep and passionate leadership team. RevUnit is a forward-thinking leader in helping clients digitally transform operations to make significant progress in productivity, efficiency, and employee engagement,” Bennett Thompson, managing director at Mountaingate, said. “Many companies claim to focus on their customer, but I’ve seldom seen a business that partners so seamlessly with its customers. RevUnit truly lives its mission to help enterprises transform.”

RevUnit was also advised on the transaction by law firm Hogan Lovells, while Mountaingate was advised by Kirkland & Ellis. CIBC Bank provided additional financing.

Adam Tindall, managing director of Equiteq’s North America practice, commented, “It has been a privilege working with the RevUnit team and to help facilitate the transition to the next chapter in the company’s growth with Mountaingate. We wish both parties a successful future together.”  

Related: Equiteq wins M&A award for guiding sale of OEE Consulting