Long Point Capital is pleased to announce the sale of CHA Consulting, Inc. ("CHA") to First Reserve and CHA management.
CHA provides a wide range of design, engineering and consulting services to customers across a variety of end markets including utility infrastructure, energy, industrial, transportation, environmental, facilities, water, sports and aviation. Engineering News Record, the engineering sector's foremost news and data source, ranks CHA #33 in the 2018 list of Top 100 Pure Designers.
Over the duration of LPC's investment period, revenue more than doubled and the company grew from a Northeast-based engineering firm to a nationwide market leader. In partnership with Long Point, CHA completed six strategic add-on acquisitions and expanded into multiple new market sectors.
Ira Starr, Managing Director at Long Point Capital commented, “It has been a pleasure working with the CHA management team. The Company has developed into a full-service engineering firm while maintaining its client-focused business model, and we are confident the Company will continue to flourish with its new financial partners.”
Mike Carroll, President & CEO of CHA, added, “This is an extremely exciting time for us at CHA. After a long and highly successful relationship with our previous financial partner, Long Point Capital, we are excited to begin this new venture with First Reserve."
For more information reach out to the deal team: Ira Starr, Eric Von Stroh or Norman Scherr