NMR completes acquisition of Water Damage Clean – third acquisition since inception in Aug 2022.
MIAMI, June 20, 2023 /PRNewswire-PRWeb/ — White Wolf Private Credit Management, LLC (“White Wolf Private Credit” or “White Wolf”) and Montera Investment Group (“Montera”) are pleased to announce the acquisition of their growing recovery platform – NMR Clean up water damage. White Wolf provided financing to support the acquisition as well as to fund additional capital investments. The financing consisted of a senior secured loan, a preferred equity investment and a common equity co-investment alongside Montera. Details of the transaction were not disclosed.
NMR (National Mitigation & Restoration) is a true full-service mitigation and remediation platform offering residential and commercial clients a range of services including water mitigation, mold remediation, pack-outs and remediation. The company has an extensive presence in the fastest growing metropolitan areas in the Southeast. For more information, visit www.nmrholdings.com
Karem MahmoudMontera CEO, said, “We are excited to welcome Water Damage Clean to our growing remediation platform. Eric and his team have built a quality company with great people; we look forward to defending this legacy and growing together. We also sincerely thank White Wolf for her continued partnership and unparalleled support of NMR.”
Eric Van TrumpWater Damage Clean CEO, said, “The Water Damage Clean team is very pleased to be working with NMR. NMR shares our values and commitment to people and excellent customer service. This partnership will help us expand our service offering and deliver more.” Opportunities for our team.
Judd KohnManaging Director and Head of Enterprise Lending Solutions at White Wolf Private Credit added: “White Wolf is pleased to have worked with Montera on another transaction. We look forward to continuing to support NMR’s growth and its create-and-build acquisition strategy.”
NMR has acquired three damage control and recovery companies since its inception in Aug 2022. This strategic acquisition expands the platform’s water mitigation and mold control capabilities while complementing its existing footprint in select Florida MSAs.
About water damage cleaning
headquarters in Fort Lauderdale, FLWater Damage Clean is a leading provider of water, fire, mold and severe weather related services to commercial and residential clients. The company operates three locations with a considerable area Florida.
About Montera
Montera is an operationally-focused private investment firm that works with owners and founders to build world-class platforms in traditionally fragmented industries. Montera is considering opportunities for majority recapitalizations in lower-middle companies. Visit www.monteragroup.com for more information.
About White Wolf
White Wolf Capital is a private investment firm that began operations in late 2011 and focuses on direct and indirect investments in leading mid-market companies based in North America.
On the direct side, White Wolf Capital seeks both private equity and private credit investment opportunities in companies 20 million dollars To 200 million dollars in sales and up to 20 million dollars in EBITDA. Typical situations include management buyouts, leveraged buyouts, recapitalizations and growth investments. Preferred industries include manufacturing, business services, government services, information technology, security, aerospace and defense.
In addition to direct investments in operating companies, White Wolf Capital would also like to invest as a limited partner in other private fund managers. Targeted investment candidates are private debt funds with a focus on North America looking to raise capital 50 million dollars To 500 million dollars in assets under management, with a focus on the lower middle and middle market segment. For more information, visit www.whitewolfcapital.com.
acquisition requests
NMR is constantly evaluating acquisition and partnership opportunities with owners in the restoration industry. If you are an interested owner, agent or other related party, please contact us directly at info@monteragroup.com.
media contact
Karem MahmoudMontera Investment Group, 1 2129185020, kareem@monteragroup.com, www.monteragroup.com
SOURCE Montera Investment Group
www.benzinga.com
https://www.benzinga.com/pressreleases/23/06/n32932243/nmr-acquires-water-damage-clean-with-backing-from-white-wolf-private-credit-and-montera
