New Mountain Capital, LLC
New York, NY · Founded 1999 · ~$10-100B AUM
Why it invests in the trades
New Mountain runs a 'defensive growth' strategy and identified residential home services through a proactive deep-dive initiative, sourcing Horizon preemptively outside an auction as the founder's and management's preferred partner. It backs buy-and-build platforms that consolidate local HVAC, plumbing and electrical contractors while retaining local brands and operators. It also holds HomeX and adjacent field-services platforms such as Pearce Services and Qualus Power Services.
Platforms in Tampa Bay (1)
Strikepoint Group Holdings, LLC
Local brands ultimately backed by New Mountain Capital, LLC (8)
IERNA's Heating, Cooling and Plumbing
Pinellas Comfort Systems
Performance Air Conditioning, Electrical & Plumbing
Paradise Air
Elite Home Services
Mr. AC Cooling & Heating
Elite Heating and Air
IERNA's Heating, Cooling & Plumbing
Deals
- Acquisition IERNA's Heating, Cooling and Plumbing → Strikepoint Group Holdings, LLC (backed by New Mountain Capital, LLC)
- Acquisition IERNA's Heating, Cooling & Plumbing → Strikepoint Group Holdings, LLC (backed by New Mountain Capital, LLC)
- Acquisition Mr. AC Cooling & Heating → Strikepoint Group Holdings, LLC (backed by New Mountain Capital, LLC)
- Acquisition Pinellas Comfort Systems → Strikepoint Group Holdings, LLC (backed by New Mountain Capital, LLC)
- Acquisition Performance Air Conditioning, Electrical & Plumbing → Strikepoint Group Holdings, LLC (backed by New Mountain Capital, LLC)
- Acquisition Elite Heating and Air → Strikepoint Group Holdings, LLC (backed by New Mountain Capital, LLC)
People
- Joe Delgado — sponsor partner. Managing Director and Deputy Head of Strategic Equity at New Mountain Capital; board director of Horizon Group Holdings / Strikepoint. Previously a Managing Director and Investment Committee member at CCMP Capital Advisors and its predecessor JP Morgan Partners.
- Kyle Peterson — sponsor partner. New Mountain Capital investment professional on the 2019 Horizon transaction (then a Director, later a Managing Director) and a board director of Horizon Group Holdings / Strikepoint.
- Mat Lori — sponsor partner. Managing Director at New Mountain Capital who led the November 2019 acquisition of Horizon Group Holdings.
Frequently asked
What does New Mountain Capital, LLC own in Tampa Bay?
IERNA's Heating, Cooling and Plumbing, Pinellas Comfort Systems, Performance Air Conditioning, Electrical & Plumbing, Paradise Air, Elite Home Services, Mr. AC Cooling & Heating, Elite Heating and Air, IERNA's Heating, Cooling & Plumbing, through Strikepoint Group Holdings, LLC.
Is New Mountain Capital, LLC a private-equity firm?
Yes.
How long will New Mountain Capital, LLC hold these companies?
Private-equity funds typically target a 3–7 year hold before a sale, recapitalization or continuation fund. See "Notable exits" for how this investor has behaved before, and Debt, exits and the 5-year clock.
Sources Verified — primary document
- New Mountain Capital (2019-11-13) — press release. Deal announcement and thesis language.
- New Mountain Capital (2026-09-09) — platform site. Current-portfolio listing; November 2019 investment date; 'Private Equity Flagship Control'.
- U.S. SEC / New Mountain Finance Corporation (2023-05-17) — other. Form N-2 bio of MD Joe Delgado listing Horizon Services board seat.
Researcher notes: AUM band inferred from New Mountain's widely reported ~$55B+ assets under management across private equity, credit and net lease; not re-verified from a primary filing in this pass. Founding year 1999 is from general public record and was not re-verified here.
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