LLR Partners announced an investment in Salute Mission Critical that will enable Salute’s continued growth through the scaling of infrastructure, global operations, and strategic mergers and acquisitions.
“I am thrilled to be partnering with LLR,” said Lee Kirby, co-founder, Salute. “The cultural alignment in this partnership will help us make an even greater impact for the industry and in the lives of veterans and military spouses, proving that a triple-bottom-line approach is good for business and for the world.”
Companies of all sizes rely on Salute to deploy, maintain, manage, secure, and decommission mission critical facilities with military precision. Known for its inclusive culture, and represented by a workforce with over 70% diversity, Salute is solving the industry talent shortage by transitioning and training veterans and military spouses to deliver world class services globally with its innovative operating model. Salute’s transparency, flexibility, and global consistency provide a competitive advantage to its clients, resulting in more than 300% revenue growth for the company in the past 5 years.
“The proliferation of connected devices, rising volumes of data capture and data interactions, and cloud adoption are just a few of the underlying trends driving global growth in the data center market,” said Mike Levenberg, partner at LLR Partners. “Salute answers this rising market demand with best-in-class operational services for hyperscale and colocation facilities and a unique opportunity to grow quickly and globally with customers.”
“As our partner, LLR will not only provide the capital but also the experience helping businesses like ours continue to scale operations, teams, and processes,” said Jason Okroy, CEO, Salute. “This will enable Salute to capture more of this quickly growing market opportunity. I look forward to collaborating with the LLR team as we continue to enhance our ability to serve Salute’s leading customer base.”
“Salute has been able to capitalize on strong tailwinds by maintaining a best-in-class recruiting and training program, consistently delivering high-quality services and building strong customer relationships,” said Katie Lankalis, vice president at LLR. “We’re excited to partner with Jason and his team to help focus on the next stage of growth and global expansion for Salute.”