Portfolio: Direct Investments

June 12, 2023 – White Wolf Private Credit Management, LLC (“White Wolf Private Credit” or “White Wolf”) announced that it has supported NMR’s acquisition of Water Damage Clean. NMR is a portfolio company of White Wolf and Montera Investment Group (“Montera”). White Wolf provided the financing to support the acquisition as well as to fund additional capital investment. The financing consisted of a senior secured term loan, a preferred equity investment, and common equity co-investment. Details of the transaction were not disclosed.

Headquartered in Miami, Florida, NMR is a full-service mitigation & restoration platform offering a range of mitigation and restoration services to residential and commercial customers. NMR covers an expansive footprint in the fastest growing metropolitan areas in the Southeast.

Kareem Mahmoud, CEO of Montera said, “We are thrilled to welcome Water Damage Clean into our growing restoration platform. Eric and his team have built a quality business with great people; we look forward to championing that legacy and growing together. We also warmly thank White Wolf for their continued partnership and unparalleled support of NMR. 

Eric Van Trump, CEO of Water Damage Clean said, “The Water Damage Clean team is very excited to join forces with NMR. NMR shares our values and our commitment to people and customer service excellence. This partnership will help us expand our service offerings and provide more opportunities to our team.”

Judd Kohn, Managing Director, and Head of Enterprise Lending Solutions at White Wolf Private Credit added “White Wolf is pleased to have partnered with Montera on another transaction. We look forward to continuing to support NMR’s growth and its create-and-build acquisition strategy.” 

NMR has acquired three mitigation & restoration companies since launching in August 2022. This strategic acquisition expands the Company’s presence in attractive Florida MSAs, complementing NMR’s existing presence in the South Florida market.

About Water Damage Clean

Headquartered in Fort Lauderdale, FL, Water Damage Clean is a premier provider of water, fire, mold, and storm-related services to commercial and residential customers. The Company operates three locations with a sizable footprint across Florida. For further information, please visit www.waterdamageclean.com.

About Montera Investment Group

Montera is an operationally oriented private investment firm that partners with owners and founders to build best-in-class platforms within traditionally fragmented, defensive industries. Montera considers majority recapitalization opportunities in lower middle market companies. For further information, please visit www.monteragroup.com.

About White Wolf

White Wolf is a private investment firm that began operations in late 2011 and is focused on making direct and indirect investments in leading North American middle market companies.

White Wolf seeks private equity and private credit investment opportunities in companies with $20 million to $200 million in revenues and up to $20 million in EBITDA. Typical situations include management buyouts, leveraged buyouts, recapitalizations, and investments for growth. Preferred industries include manufacturing, business services, government services, information technology, security, aerospace, and defense.

White Wolf also looks to invest with other private fund managers as a limited partner. Targeted investment candidates are North American focused private credit funds looking to raise $50 million to $500 million, with a focus on the lower-middle and middle-market.

White Wolf’s office locations include Miami, Chicago, Montreal, and New York City.

For further information, please visit www.whitewolfcapital.com.