Alku Receives Majority Investment from New Mountain Capital

alku

Alku, an Andover. Mass.-based specialty staffing firm, received a new majority investment of undisclosed amount.

New Mountain Capital made the investment alongside FFL Partners, WestView Capital Partners, ALKU Founder & CEO, Mark Eldridge, as well as Alku management.

The investment, which is expected to close in May, will support the company’s continued growth, benefiting employees with opportunities for career development, promotions, and equity ownership.

Founded in 2008 by CEO Mark Eldridge, Alku is a contingent staffing firm focused on deploying highly-skilled, specialized consulting resources in the areas of enterprise technology, life sciences, data science, cybersecurity, and government.

The company is projected to exceed $1 billion in revenue over the next few years.

FinSMEs

25/04/2023