Momentum Advises New Elevation in Sale

Specialized IT Staffing & Consulting Firm Acquired by leading Private Equity Firm

Los Angeles, 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 a leading private equity firm.

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, Sr. Engineers) in its network that have deep experience and specialize in specific products and technologies within e-commerce.

This strategic investment will allow New Elevation to offer its consultants additional opportunities to grow professionally across a multitude of technologies. It will also give the company access to resources that will allow it to deliver additional services and capabilities to its customers.

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.

New Elevation’s founder and CEO, Joe Garcia said, “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!”

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. With its headquarters in the bay area of northern California, the Company has the capabilities and experience to service customers anywhere in the US and Canada. New Elevation operates in the very specific, high barrier-to-entry niche of e-commerce, which consists of the following areas: 1) Search; 2) Content Management; 3) Commerce; and 4) Experience.

About INSPYR Solutions

As a leading technology solutions company, we connect top IT talent with clients to provide innovative business solutions through our IT Staffing, Professional Services, and Infrastructure Solutions divisions. There are four elements that set us apart and serve as pillars of our company philosophy: Quality, Expertise, People, and Relationships. By always striving for excellence in these areas and focusing on the human aspect of our business, we work seamlessly together with our talent and clients to match the right solutions to the right opportunities.

Learn more www.inspyrsolutions.com.

About Momentum Advisory Partners

Momentum Advisory Partners is an M&A Advisory firm focused exclusively on the staffing and workforce solutions industry. The company brings over a decade of experience working with clients in evaluating some of their most strategic and complex decisions. Momentum provides independent, uncompromised advice which makes it uniquely suited to offer a broad range of advisory services to its clients. Advisory services include mergers, acquisitions and divestitures, across the Staffing and Workforce Solutions, Technology and Healthcare sectors. Momentum’s experienced professionals have an exceptional track record of providing remarkable results for its clients.

Table of Contents

Recent Insights