December 8, 2020
Acceleration Partners Takes on Private Equity Investment to Fund Growth
Needham, MA, December 8, 2020 – Acceleration Partners LLC (“Acceleration Partners”), a premier global partner marketing agency, today announced it has received a strategic investment from Denver-based middle market private equity firm, Mountaingate Capital (“Mountaingate”).
Founded in 2007 by CEO Robert Glazer, Acceleration Partners has experienced tremendous growth since inception and has earned a stellar reputation as a leader in partner marketing strategy and execution, and as a top place to work. With a growing team of more than 170 employees spread across eight countries, Acceleration Partners is partnering with Mountaingate to accelerate growth organically as well as through selective strategic acquisitions.
“We are very excited to join Robert, President Matt Wool and the Acceleration Partners team on this journey. Acceleration Partners is a market leader in helping brands build and maintain proprietary networks in the complex partner marketing landscape,” said Bennett Thompson, Managing Director of Mountaingate. “The company has a tremendous track record of revenue growth, a diverse client roster of blue-chip brands, a highly talented team and an award-winning culture. We couldn’t be more excited for what’s next for this company.”
“Our partnership with Mountaingate will help accelerate Acceleration Partners’ growth and better address our clients’ needs around the world with additional resources and capabilities,” said Mr. Glazer. “Mountaingate’s extensive experience helping businesses of our size to scale within the digital marketing industry and alignment with Acceleration Partners’ culture made Mountaingate the perfect partner for us. We are thrilled to have their support and are very excited about this next chapter of growth.”
Mountaingate is a leading buy-and-build focused middle market private equity firm based in Denver, CO, and was recently named one of the Top 50 best Private Equity Firms for Entrepreneurs by Inc. for the second year in a row. The investment in Acceleration Partners marks the ninth platform investment for Mountaingate in its debut fund, all of which are supporting founder entrepreneurs.
Acceleration Partners was advised by CG Petsky Prunier, part of the Canaccord Genuity Group, and law firm Winston & Strawn LLP, while Mountaingate was advised by law firm Brownstein Hyatt Farber Schreck, LLP. Capital Southwest Corporation and East West Bank provided additional financing for the transaction.
Acceleration Partners is the premier global partner marketing agency. By focusing on Better People, Better Process and Better Performance, the Acceleration Partners team sets the standard for how brands efficiently grow and refine their marketing partnerships anywhere in the world. A trusted agency partner to leading brands, Acceleration Partners’ team of seasoned marketers and industry experts help companies build meaningful, lasting, performance-based relationships with strategic partners. Acceleration Partners has received several prestigious awards and accolades for both client services and culture, including “Best Agency” (International Performance Marketing Awards), “Best Workplaces” (Inc.), “Best Places to Work” (Glassdoor), “Most Committed to Work-Life Balance” (Digiday).
Mountaingate Capital, based in Denver, CO, is a private equity firm that specializes in building and empowering companies with strong growth potential and engaged leadership teams. The firm was launched by a team of partners with deep investment expertise in four distinct market sectors: marketing services, business/industrial services, specialty distribution and specialty manufacturing. Mountaingate’s focus on organic growth coupled with its proven customer-centric buy-and-build approach for add-on acquisitions and shared equity ownership with management creates more value for the end customer, while forging stronger, more collaborative, and more successful investment partnerships with management teams. In 2017, Mountaingate announced the close of its first fund with $395 million in capital commitments. Mountaingate targets investments in new platform companies typically with $5 million to $25 million of EBITDA. For more information on Mountaingate, please visit www.Mountaingate.com.