LLR Partners Completes Growth Investment in Salute Mission Critical
Investment to help Salute continue to grow and scale its delivery of mission critical data center services to a global client base and make an even greater impact on the lives of veterans and their families
PHILADELPHIA & CLINTON TOWNSHIP, Mich.–(BUSINESS WIRE)–#datacenter—LLR Partners announces an investment in Salute Mission Critical, a leading IT Data Center Lifecycle services company that recruits and trains military veterans to become world-class technicians. The partnership will help enable Salute’s continued rapid growth through the scaling of infrastructure, global operations and strategic M&A.
Salute’s Co-Founder, Lee Kirby, says, “I am thrilled to be partnering with LLR. The cultural alignment in this partnership will help us make an even greater impact for the industry and the lives of veterans and military spouses, proving that a triple bottom line approach is good for business and for the world.”
Companies of all sizes rely on Salute to deploy, maintain, manage, secure and decommission mission critical data centers with military precision. Known for its inclusive culture and represented by a workforce with over 70% diversity, Salute has solved the industry talent shortage by transitioning and training veterans and military spouses to deliver world class services globally with its innovative operating model. Salute’s transparency, flexibility and global consistency provide a competitive advantage to its clients, resulting in the company’s over 300% revenue growth in the past 5 years.
“The proliferation of connected devices, rising volumes of data capture and data interactions, and cloud adoption are just a few of the underlying trends driving global growth in the data center market,” says Mike Levenberg, Partner at LLR Partners. “Salute answers this rising market demand with best-in-class operational services for hyperscale and colocation facilities and a unique opportunity to grow quickly and globally with customers.”
Salute’s CEO, Jason Okroy, adds, “As our partner, LLR will not only provide the capital but also the experience helping businesses like ours continue to scale operations, teams and processes. This will enable Salute to capture more of this quickly growing market opportunity. I look forward to collaborating with the LLR team as we continue to enhance our ability to serve Salute’s leading customer base.”
For the impact it has made on the data center industry and on the lives of veterans, Salute has been awarded several recognitions, including 2020 Data Center Operations Team of Year by Data Centre Dynamics, the Gold HIRE Vets Medallion from the U.S. Department of Labor, designation as a Top 10 Military Friendly Employer, and the #7 rank in its category on Deloitte’s Technology Fast 500 list for 2020.
“Salute has been able to capitalize on strong tailwinds by maintaining a best-in-class recruiting and training program, consistently delivering high quality services and building strong customer relationships,” says Katie Lankalis, Vice President at LLR Partners. “We’re excited to partner with Jason and his team to help focus on the next stage of growth and global expansion for Salute.”
About Salute Mission Critical:
Salute Mission Critical transforms military veterans into world class data center technicians and, as a result, is now a premier IT Data Center Lifecycle services company. Clients around the world rely on Salute to deploy, manage, and decommission data center sites with consistent high quality results. The organization’s ability to recruit, train, and support teams is unique and applied in a highly effective manner to fulfill requirements anywhere. Learn more: https://salutemissioncritical.com/about/. Follow us on Twitter.
About LLR Partners
LLR Partners is a lower middle market private equity firm investing in technology and healthcare businesses. We collaborate with our portfolio companies to identify and execute on key growth initiatives and create long-term value. Founded in 1999 and with more than $5 billion raised across six funds, LLR is a flexible provider of equity capital for growth, recapitalizations and buyouts. Learn more at www.llrpartners.com.
Salute Mission Critical
Der Beitrag LLR Partners Completes Growth Investment in Salute Mission Critical erschien zuerst auf subcablenews.com.