New Harbor Capital Named a 2024 Top PE Innovator by BluWave

BluWave’s third annual awards program recognizes New Harbor amongst the top 2 percent of North America’s most innovative private equity firms

New Harbor Capital is grateful to be included in BluWave’s 2024 Top PE Innovator Awards. BluWave is the Business Builders’ Network that connects the private equity industry with best-in-class talent, industry consultants, and service providers.

BluWave’s third annual Top Private Equity Innovator Awards recognize the top 2% of private equity firms that differentially embrace proactive due diligence, transformative value creation, modern private equity firm operations and corporate citizenship practices.

“New Harbor is honored to be included in this list once again,” said Tom Formolo, Partner at New Harbor Capital. “New Harbor has always sought to be an innovator in the private equity industry, and to help the founder owned companies we invest in achieve transformational value creation. This award is reflective of that effort.”

The Top Private Equity Innovator awardees were selected by a cross-functional committee that assessed candidates in consultation with a broad universe of limited partners, investment bankers, industry thought leaders and service providers in the private equity ecosystem. As part of their selection process, the committee evaluated more than 5,000 private equity firms and utilized more than 75 different factors, incorporating more than 400,000 data points.

The Top Private Equity Innovator Awards are distinctive in that they involve no financial obligations from any participants and the selection process is independent of any customer relationships.

For further information on the BluWave 2024 Top Private Equity Innovator Awards, including the selection process, selection criteria and recipients, please visit bluwave.net/awards.

About BluWave

BluWave is the Business Builders’ Network for private equity-grade service provider needs. The company’s platform combines AI, technology and data with concierge-like consultative support to expertly connect businesses with proven providers across due diligence, value creation and prep for sale. The BluWave Vetted™ network is an invite-only ecosystem of top-tier service-providing groups and individuals. Based in Nashville, Tenn., BluWave ranks as one of America’s fastest-growing companies and today serves hundreds of leading private equity firms and their thousands of portfolio companies. Visit BluWave.net to learn more.

*BluWave, LP has not received investment capital from and holds no ownership interest in the PE firms evaluated or recognized under the PE Innovator awards program. BluWave received no compensation from any of the PE firms in connection with this awards program. BluWave, however, may otherwise provide services to the PE firms and/or portfolio companies, but BluWave confirms that its assessment of the PE firms was independent of any such service arrangements. Top 2% in the PE industry is based on BluWave’s review of the more than 5,000 PE firms in the U.S. and Canada, from which the 82 private equity firms were selected as award recipients. New Harbor Capital was first notified of this recognition on November 30, 2023. BluWave published the awards list on February 21, 2024. The award covers the 2023 calendar year period.