NMR Acquires Water Damage Clean, With Backing from White Wolf Private Credit and Montera
MIAMI (PRWEB) June 20, 2023 -- White Wolf Private Credit Management, LLC (“White Wolf Private Credit” or “White Wolf”) and Montera Investment Group ("Montera") are pleased to announce that their growing restoration platform - NMR - has acquired Water Damage Clean. White Wolf provided the financing to support the acquisition as well as to fund additional capital investment. The financing consisted of a senior secured term loan, a preferred equity investment, and common equity co-investment alongside Montera. Details of the transaction were not disclosed.
NMR (National Mitigation & Restoration) is a true full-service mitigation & restoration platform offering a range of services, including water mitigation, mold remediation, pack-outs, and restoration to residential and commercial customers. The Company covers an expansive footprint in the fastest growing metropolitan areas in the Southeast. For more information, please visit http://www.nmrholdings.com
Kareem Mahmoud, CEO of Montera said, “We are thrilled to welcome Water Damage Clean into our growing restoration platform. Eric and his team have built a quality business with great people; we look forward to championing that legacy and growing together. We also warmly thank White Wolf for their continued partnership and unparalleled support of NMR."
Eric Van Trump, CEO of Water Damage Clean said, “The Water Damage Clean team is very excited to join forces with NMR. NMR shares our values and our commitment to people and excellence in customer service. This partnership will help us expand our service offerings and provide greater opportunities to our team.”
Judd Kohn, Managing Director and Head of Enterprise Lending Solutions at White Wolf Private Credit added “White Wolf is pleased to have partnered 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 mitigation & restoration companies since launching in August 2022. This strategic acquisition expands the platform's water mitigation and mold remediation capabilities, while complementing its existing presence in select Florida MSAs.
About Water Damage Clean
Headquartered in Fort Lauderdale, FL, Water Damage Clean is a premier provider of water, fire, mold and storm-related services to commercial and residential customers. The Company operates three locations with a sizable footprint across Florida.
About Montera
Montera is an operationally oriented private investment firm that partners with owners and founders to build best-in-class platforms within traditionally fragmented industries. Montera considers majority recapitalization opportunities in lower middle market companies. For more information, please visit http://www.monteragroup.com.
About White Wolf
White Wolf Capital is a private investment firm that began operations in late 2011 and is focused on making both direct and indirect investments in leading middle market companies located in North America.
On the direct side, White Wolf Capital seeks both private equity as well as private credit investment opportunities in companies with $20 million to $200 million in revenues and up to $20 million in EBITDA. Typical situations include, management buyouts, leveraged buyouts, recapitalizations and investments for growth. Preferred industries include manufacturing, business services, government services, information technology, security, aerospace and defense.
In addition to making direct investments in operating companies, White Wolf Capital also looks to invest with other private fund managers as a limited partner. Targeted investment candidates are North American focused private credit funds looking to raise $50 million to $500 million in assets under management, with a focus on the lower-middle and middle-market. For further information, please visit http://www.whitewolfcapital.com.
Acquisition Inquiries
NMR is always evaluating acquisition and partnership opportunities with owners in the restoration industry. If you are an interested owner, intermediary, or other related party, please contact us directly at [email protected].
Kareem Mahmoud, Montera Investment Group, http://www.monteragroup.com, 1 2129185020, [email protected]
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