White Mountains launches White Mountain Partners

White Mountains has launched White Mountains Partners, a new, wholly-owned business unit that will provide first institutional capital to family, founder, and entrepreneur-owned businesses in the essential services, light industrial, and specialty consumer sectors.

John J. Daly, a former founding member and principal of Alleghany Capital, has joined WM Partners as CEO and managing partner. The business will seek to establish majority positions in companies with $10 to $50 million of EBITDA and intends to deploy up to $500 million of equity capital over time.

“We are pleased to launch WM Partners, which will extend White Mountains’ long-term, value-oriented approach into additional attractive sectors. We’re thrilled to have a high caliber leader like John at the helm of the new business unit. John has deep experience in sourcing, executing, and managing control investments in private businesses within a public company setting.” – Manning Rountree, White Mountains’ CEO.

“I am excited to join White Mountains, and I am focused on building long-term value for its shareholders. At WM Partners, we will help families, founders, and entrepreneurs grow their businesses by delivering flexible capital, a proven value creation playbook, and a deep understanding and abiding respect for the unique qualities of their businesses.” – John J. Daly, White Mountains Partners’ CEO and managing partner.