Denver firm Mountaingate Capital completes undisclosed investment in RevUnit

by Paul Gatling ([email protected]) 1,460 views 

Significant investment dollars from private equity firm Mountaingate Capital will help unlock the next phase of growth for Bentonville-based software firm RevUnit.

The two companies announced the partnership on Wednesday (July 10), though financial terms were not disclosed. A RevUnit spokesman said the majority of the company’s ownership is now shared between Mountaingate and RevUnit co-founders Joe Saumweber and Michael Paladino.

The strategic investment will allow RevUnit to accelerate its growth, both organically and through targeted add-on acquisitions, according to a news release.

There will be no leadership or other personnel changes at RevUnit. Saumweber and Paladino will remain in their current roles as co-founders and board members.

“We are excited to partner with RevUnit’s deep and passionate leadership team,” Mountaingate managing director Bennett Thompson said in a statement. “RevUnit is a forward-thinking leader in helping clients digitally transform operations to make significant progress in productivity, efficiency, and employee engagement.”

Denver-based Mountaingate targets investments in new platform companies typically with $5 million to $25 million in earnings before interest, tax, depreciation and amortization (EBITDA), which is a popular measure of a company’s operating performance. The firm was recently named one of the Top 50 best Private Equity Firms for Entrepreneurs by Inc. and closed its first fund in 2017 with $395 million in capital commitments.

RevUnit has offices in Bentonville and Las Vegas, and recently expanded to Austin, Texas. The company has been named to the Inc. 5000 list of America’s fastest-growing companies for the past two years, and recently earned its second consecutive recognition on the Entrepreneur 360 listing of the best entrepreneurial companies in America.

“We were fortunate to find an investment partner so closely aligned with our culture, which is a huge part of what has made RevUnit successful,” Saumweber said. “Mountaingate will help us accelerate our growth the right way: by scaling our unique culture while allowing us to invest in companies who share our belief that you can build amazing products and have fun doing it.”

Founded in 2012, RevUnit specializes in software products that help increase productivity, learning, communication and engagement in the workplace. The company has 107 employees across all locations.

“We are thrilled with this opportunity to unlock the next wave of growth for RevUnit,” Paladino said. “Meanwhile, our clients can continue to count on the same quality RevUnit teams that have helped make work-life better for millions of employees through digital transformation.”