History and Overview

We partner with leading executives to build world-class companies. We believe our “center of gravity” is establishing alliances with senior management teams and that successful investing can best be achieved by cultivating the complementary strengths of capital partners and management partners.

The firm’s formation and heritage date back to the spin-out of a group of portfolio companies from the Goldman Sachs Merchant Banking Division in 2010.

NMS principals have made numerous investments in middle market companies. We believe the consistent application of our investment philosophy, coupled with our adaptability to the specifics of each transaction, has been essential to our investment strategy.

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By The Numbers

1 Billion in equity capital behind NMS platform companies
in equity capital behind NMS platform companies
80+ add-on acquisitions completed in support of our platform companies
add-on acquisitions completed in support of our platform companies
65+ executive team members hired to help drive our platform companies in the current portfolio
executive team members hired to help drive our platform companies in the current portfolio
$250 Million in company founder capital retained in businesses alongside NMS
million in company founder capital retained in businesses alongside NMS
85% of portfolio companies experiencing their first round of institutional capital with NMS
of portfolio companies experiencing their first round of institutional capital with NMS
5 year hold period on average
hold period on average

Consistent and Proven Investment Strategy

Sector Focus

Our investment strategy leverages a growth-focused, theme-driven investment process within business services and healthcare services.

Geographic Focus

NMS focuses on companies headquartered in North America.

Growth Stage Focus

We partner with profitable, growing companies that are leaders within their markets and have actionable opportunities to grow organically and/or through acquisitions.

Company Size

Our portfolio companies typically have EBITDA of $3 million to $15 million at initial investment. We do not have minimum size requirements for add-on acquisitions for our current portfolio companies.

Investment Size

NMS focuses on equity investments ranging from $25 million to $75 million in privately-held companies with the ability to invest more with co-investments from our limited partners. We do not require minimums for add-on acquisitions for our current portfolio companies.

Ownership Positions

We focus on majority positions ranging from 51-90%. Day-to-day management of our portfolio companies lies with our executive teams, and our involvement is primarily as a value-added investor focusing on board-level strategic initiatives.

Investment Period

We focus on building value strategically over time with investment hold periods typically averaging 4-6 years.

Leverage

We believe conservative levels of debt allow management teams to focus on growing their businesses rather than servicing their lenders. Many of our initial investments are completed with no debt.

Add-on Acquisitions

NMS has significant experience supporting our portfolio companies in acquisition-based growth strategies.

Significant Value Creation Resources

Portfolio Optimization Group

Dedicated firm resources are responsible for optimizing performance at portfolio companies by partnering with executive management teams to identify critical business opportunities that drive shareholder value.

 

Operating Executive Resources

We partner with industry experts who have significant operational experience in targeted industries and act as active board members.

 

Talent and Human Capital

NMS’s network and resources support our portfolio companies in successfully building out management teams and bench strength.

Strategic Growth

We implement strategic operational and data-driven initiatives to accelerate growth through the expansion of existing and new end-markets, new services, and new geographies.

 

Strategic Acquisitions

NMS has assisted our portfolio companies with identifying, negotiating, and integrating over 80 add-on acquisitions since our founding.

 

Information IQ

We help companies establish real-time insights by implementing KPI monitoring, data analytics, financial systems, and controls.