Momentum Advisory Partners is pleased to announce it served as exclusive financial advisor to New Elevation, a premier west-coast IT staffing and consulting firm, in its strategic investment and recapitalization by Turnberry Solutions, a platform company of ABRY Partners — marking Momentum’s first completed transaction since its founding in July 2020.
San Francisco Bay Area, CA — January 11, 2021 — Momentum Advisory Partners LLC is pleased to announce that IT Staffing and Consulting firm, New Elevation, has received a strategic investment and has been recapitalized by Turnberry Solutions, a platform company of ABRY Partners. Momentum Advisory Partners served as the exclusive financial advisor to New Elevation. This is Momentum’s first transaction since its founding in July 2020 by its Managing Partner, Akash Taneja.
Established in 2002, New Elevation is a premier west-coast provider of technical staffing and consulting services to an impressive client list of e-commerce and retail organizations nationwide. New Elevation employs an EXPERTS ONLY model, which consists of an extraordinarily talented pool of senior consultants at all levels — Architects, Leads, and Sr. Engineers — who have deep experience and specialize in specific products and technologies within e-commerce, including Search, Content Management, Commerce, and Experience.
This strategic investment allows New Elevation to offer its consultants additional opportunities to grow professionally across a multitude of technologies, while giving the company access to resources to deliver additional services and capabilities to its customers.
“Akash is exactly who you want on your side for life’s most crucial transactions — he is extremely knowledgeable, highly energetic, personable and reasonable, and an incredibly hard worker. He got us what we wanted, and exceeded our expectations in every way. I would hire Akash again and recommend him enthusiastically. Thank you Akash, for an amazing experience and results!”
— Joe Garcia, Founder & CEO, New Elevation
About the Transaction
The recapitalization of New Elevation represents the first completed transaction for Momentum Advisory Partners following its founding in July 2020. The deal underscores Momentum’s deep expertise in the specialized IT staffing segment and the firm’s ability to identify and secure optimal partners for founder-led staffing companies.
The strategic investment positions New Elevation for continued growth within its high-barrier-to-entry niche of e-commerce technology staffing, while preserving the company’s culture and operational identity that has made it a trusted partner to enterprise retail organizations nationwide.
About Turnberry Solutions
Turnberry Solutions is a technology staffing and consulting firm and a platform company of ABRY Partners, a Boston-based private equity firm focused on media, communications, and business services.
About New Elevation
New Elevation is a boutique provider of IT Staffing and Consulting services to a diverse list of well-known enterprise retail customers. Headquartered in the San Francisco Bay Area, the Company has the capabilities and experience to service customers anywhere in the US and Canada. New Elevation operates in the high-barrier-to-entry niche of e-commerce, spanning Search, Content Management, Commerce, and Experience.
About Momentum Advisory Partners
Momentum Advisory Partners is a boutique mergers and acquisitions advisory firm focused exclusively on the staffing and workforce solutions industry. The firm provides high-touch advisory services to founder-led and privately held firms, delivering strategic guidance and hands-on support throughout the transaction lifecycle. For more information, visit momentumadvisorypartners.com.