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 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 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.