William Blair acted as lead financial advisor to DRB Systems, a portfolio company of New Mountain Capital (NMC), in connection with its pending acquisition by Vontier (NYSE: VNT) for $965 million. The transaction was announced on July 19, 2021 and is expected to close in the third quarter of 2021.
- Deep industry insights and unparalleled buyer relationships: The transaction team’s unrivaled sector expertise across areas relevant to DRB, including vertical software, integrated payments, and car wash and automotive allowed the team to best position DRB as the clear market leader in the car wash, quick lube, and auto repair industries. In addition, a deep understanding of the most relevant strategic buyers in the space drove an exceptional outcome for DRB shareholders.
- Trust-based relationship and guidance: Amidst extensive market interest, William Blair worked closely with company management and NMC to provide thoughtful advice in navigating each step of the process, including development of marketing materials, buyer education, facilitation of buyer diligence, and finalization of the sale.
- Execution and process excellence: William Blair designed and executed a tailored M&A process with thorough and robust preparation from the onset to maximize process agility and flexibility, which enabled the transaction team to capitalize on significant buyer engagement. The thoughtful process design and execution drove an exceptional outcome for the shareholders.
About the Companies
DRB Systems is a leading vertically-focused integrated technology partner that provides mission critical solutions for the car wash, in-bay / c-store, quick lube, and auto repair markets. DRB offers an end-to-end technology platform combining point of sale technology, workflow / monitoring software, recurring revenue solutions, integrated payments, and digital marketing solutions.
New Mountain Capital is a New York-based investment firm that emphasizes business building and growth, rather than debt, as it pursues long-term capital appreciation. The firm currently manages private equity, credit, net lease real estate, and public equity funds with over $30 billion in assets under management. New Mountain Capital seeks out what it believes to be the highest quality growth leaders in carefully selected industry sectors and then works intensively with management to build the value of these companies.
Vontier Corporation (NYSE: VNT) is a global industrial technology company focused on transportation and mobility solutions. The company’s portfolio of trusted brands includes market-leading expertise in mobility technologies, retail and commercial fueling, fleet management, telematics, vehicle diagnostics and repair, and smart cities end-markets. Vontier’s innovative products, services, and software advance efficiency, safety, security, and environmental compliance worldwide.