New Mountain Capital, a growth-oriented investment firm, has made a majority investment in ALKU, a staffing firm.
ALKU is focused on deploying consulting resources in the areas of enterprise technology, life sciences, data science, cybersecurity and government. New Mountain’s investment aims to support ALKU’s growth and looks to benefit ALKU employees with opportunities for career development, promotions and equity ownership. Reinvesting alongside New Mountain is existing majority investor FFL Partners, WestView Capital Partners, ALKU founder and CEO Mark Eldridge, as well as ALKU management.
“This partnership supports the entrepreneurial spirit of ALKU and its employees, strengthening our growth path with the expertise of our partners,” says Eldridge. “New Mountain’s experience in human capital management, life sciences, and our other key markets will enable us to draw on a deep network of contacts and knowledge that will support our continued industry-leading growth.”
ALKU and its existing investors were advised by William Blair as financial advisor and Kirkland & Ellis, Latham & Watkins, and Blank Rome as legal counsel. Ropes & Gray served as legal counsel to New Mountain Capital.