The company said it will not experience any organizational changes as a result.
New Mountain and other selling shareholders will retain a minority interest in Iron Bow.
“This is a great day for Iron Bow as we were able to deliver outstanding value to all our stakeholders as a result of our committed vision, execution of strategy, and operational performance during the last few years, ” said LaVigne.
“We have solidified Iron Bow as a formidable platform and are considered among the elite in the marketplace. New Mountain has been a great partner over the years in supporting and building our business and I’m excited to have their continued support going forward.”