Transactions
June 30 2026
KippsDeSanto advises New Mountain Capital, LLC on its majority investment in SAM
MCLEAN, VA — KippsDeSanto is pleased to announce that its client, New Mountain Capital, LLC (“New Mountain Capital”), announced that funds managed by New Mountain Capital have made a majority investment in SAM (“SAM”, or the “Company”), acquiring the ownership interest of Peak Rock Capital (“Peak Rock”), the majority investor in SAM since 2021.
Founded in 1994 and headquartered in Austin, Texas, SAM is one of the most trusted brands in geospatial services and the leading scaled, independent platform serving critical infrastructure markets including utilities, transportation, and energy. The Company provides an integrated, end-to-end suite of solutions spanning land-based and aerial surveying, subsurface utility engineering, asset inspection, and digital solutions. SAM is differentiated by its national scale, technical breadth and depth, proprietary technology, and long-tenured customer relationships.
New Mountain’s investment in SAM will allow the Company to more effectively serve its clients with a continued focus on addressing rising utility and infrastructure investment, especially surrounding mission-critical geospatial data and solutions. The partnership broadens the resources and operational expertise SAM will leverage to support its infrastructure-oriented customers, with SAM’s best-in-class talent bringing a proven record of client commitment and expertise that ensures the firm leads the charge in the rapidly evolving infrastructure services environment. Backed by New Mountain’s successful track record and the strategic guidance of newly appointed Chairman Dr. Hisham Mahmoud, SAM is well positioned to accelerate its growth and expand its differentiated, industry-leading service offerings.
This transaction highlights several key trends in the utility and infrastructure services and technology M&A market:
- Heightened investment focus on critical infrastructure services and technology, driven by secular growth in demand and rising utility investment
- Continued strength and momentum in utility and critical infrastructure focused services M&A, particularly for companies with mission-critical geospatial capabilities and technology-enabled, digital solution offerings
- Strong demand and interest from Private Equity firms seeking to build differentiated, industry-leading platforms through a combination of organic growth initiatives and strategic acquisitions
About KippsDeSanto
KippsDeSanto is an investment banking firm focused on serving growth-oriented Aerospace & Defense, Government Technology Solutions, and Enterprise Technology companies. We are focused on delivering exceptional M&A and financing transaction results to our clients via leveraging our scale, creativity, and industry experience. We help market leaders realize their full strategic value. Having advised on more than 250 industry transactions, KippsDeSanto is recognized for its analytical rigor, market insight, and broad industry relationships.
Investment Banking products and services are offered through KippsDeSanto & Co., a non-bank subsidiary of Capital One, N.A., a wholly-owned subsidiary of Capital One Financial Corporation, and a member of FINRA and SIPC. Products and services are Not FDIC insured, Not Bank Guaranteed, May Lose Value, Not a Deposit, and Not Insured by Any Federal Government Agency
MCLEAN, VA — KippsDeSanto is pleased to announce that its client, New Mountain Capital, LLC (“New Mountain Capital”), announced that funds managed by New Mountain Capital have made a majority investment in SAM (“SAM”, or the “Company”), acquiring the ownership interest of Peak Rock Capital (“Peak Rock”), the majority investor in SAM since 2021.
Founded in 1994 and headquartered in Austin, Texas, SAM is one of the most trusted brands in geospatial services and the leading scaled, independent platform serving critical infrastructure markets including utilities, transportation, and energy. The Company provides an integrated, end-to-end suite of solutions spanning land-based and aerial surveying, subsurface utility engineering, asset inspection, and digital solutions. SAM is differentiated by its national scale, technical breadth and depth, proprietary technology, and long-tenured customer relationships.
New Mountain’s investment in SAM will allow the Company to more effectively serve its clients with a continued focus on addressing rising utility and infrastructure investment, especially surrounding mission-critical geospatial data and solutions. The partnership broadens the resources and operational expertise SAM will leverage to support its infrastructure-oriented customers, with SAM’s best-in-class talent bringing a proven record of client commitment and expertise that ensures the firm leads the charge in the rapidly evolving infrastructure services environment. Backed by New Mountain’s successful track record and the strategic guidance of newly appointed Chairman Dr. Hisham Mahmoud, SAM is well positioned to accelerate its growth and expand its differentiated, industry-leading service offerings.
This transaction highlights several key trends in the utility and infrastructure services and technology M&A market:
- Heightened investment focus on critical infrastructure services and technology, driven by secular growth in demand and rising utility investment
- Continued strength and momentum in utility and critical infrastructure focused services M&A, particularly for companies with mission-critical geospatial capabilities and technology-enabled, digital solution offerings
- Strong demand and interest from Private Equity firms seeking to build differentiated, industry-leading platforms through a combination of organic growth initiatives and strategic acquisitions
About KippsDeSanto
KippsDeSanto is an investment banking firm focused on serving growth-oriented Aerospace & Defense, Government Technology Solutions, and Enterprise Technology companies. We are focused on delivering exceptional M&A and financing transaction results to our clients via leveraging our scale, creativity, and industry experience. We help market leaders realize their full strategic value. Having advised on more than 250 industry transactions, KippsDeSanto is recognized for its analytical rigor, market insight, and broad industry relationships.
Investment Banking products and services are offered through KippsDeSanto & Co., a non-bank subsidiary of Capital One, N.A., a wholly-owned subsidiary of Capital One Financial Corporation, and a member of FINRA and SIPC. Products and services are Not FDIC insured, Not Bank Guaranteed, May Lose Value, Not a Deposit, and Not Insured by Any Federal Government Agency
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