Financial Information

• Revenue: Approx. $900 million
• Enterprise Value: N/A

Transaction Details

• NWN Carousel announced a transition of ownership from New State Capital Partners to affiliates of American Securities.
• This transition represents the success of significant investment, organic growth, M&A execution, operational excellence and innovation under ownership of New State Capital Partners.
• NWN Carousel developed a proprietary Experience Management Platform (EMP) which accelerates solution adoption and simplifies multi-cloud service management for a more optimized experience.

martinwolf Analysis

• Channel Expertise: NWN Carousel, under its new ownership by American Securities, with strong channel expertise and a leader in dramatically growing channel assets, has had multiple successes with their acquisition and sale of Presidio in 2014 and their current ownership of Trace3.
• Multi-Cloud Focus: The growth NWN Carousel has seen, specifically in their levels of recurring revenue, has been driven by their EMP proprietary software. This backing by American Securities allows them opportunities for focused M&A to continue to expand geographically and add services to support the continued adoption of EMP.
• Ambitious Management Team: THE  NWN Carousel management team, led by Jim Sullivan, demonstrated operational excellence in growing both organically and inorganically while maintaining financial success. This transition to American Securities compliments and further bolsters the managements team’s abilities.
• M&A Tailwinds: This acquisition marks another strong transaction in the channel and will further drive M&A activity through the balance of 2024.

martinwolf was not the advisor in this transaction.