Willkie represented New Mountain and DRB in the transaction.
Willkie represented New Mountain Capital in its $965 million sale of portfolio company, DRB Systems, LLC to Vontier Corporation, a global industrial technology company focused on transportation and mobility solutions. DRB is a leading provider of point of sale, workflow software, and control solutions to the car wash industry through a portfolio of brands, including DRB Tunnel Solutions, DRB In-Bay Solutions (formerly Unitec®), Suds Creative™, eGenuity®, Washify®, InvoMax™, Auto Data™ and Sage Microsystems™. Headquartered in Akron, OH, DRB was founded in 1984 and employs more than 500 people across North America. The transaction is expected to close in the third quarter of 2021 pending regulatory approval.
New Mountain Capital is a New York-based investment firm that manages private equity, credit, net lease real estate and public equity funds with over $30 billion in assets under management.
The multidisciplinary Willkie deal team was led by partners Morgan Elwyn and Daniel Mun and associate Ryan Giggs.