Romney for President, Inc., today announced that Bain Capital, LLC, a leading global private investment firm, has completed its purchase of the organization. The total value of the transaction is $53 million.
Romney for President is a leading Boston-based provider of political strategy, public relations, and fundraising services. It was founded in 2011 by Mitt Romney, former Governor of Massachusetts and an original founder of Bain Capital, with the goal of electing Romney President of the United States.
"The completion of the sale is a significant milestone in our campaign's history," said Stuart Stevens, Romney for President's Chief Campaign Strategist. "We enter this new phase of our growth and development with a new name – Mittata Intelligence – and a renewed commitment to excellence, innovation, and federal budget reduction."