A fund affiliated with private equity firm New Mountain Capital agreed to acquire RedPrairie Holding, a provider of inventory, transportation and workforce productivity solutions.
New Mountain will work closely with RedPrairie's management team to accelerate growth.
“Our objective is to be the leading provider of productivity solutions for manufacturers, distributors and retailers,” said Mike Mayoras, RedPrairie CEO. “Our relationship with New Mountain Capital will allow us to reach our strategic goals quickly, efficiently and with certainty. We believe there are significant opportunities to provide more value to our customer base by expanding our product portfolio and entering new markets.”
"We are delighted at the prospect of being able to add RedPrairie to our family of companies. They have consistently, over their long history, been committed to the success of their customers,” said Alok Singh, managing director of New Mountain Capital.
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