Long Point Capital is pleased to announce that its portfolio company, Cumming Group, Inc. (Cumming), has acquired a highly successful project management firm in South Carolina. Southern Management Group, Inc. (SMG) was formed in 1989 and focuses primarily on the educational buildings market. All existing SMG management and owners will remain with the business and will continue to execute on its successful growth strategy. To learn more about SMG, visit their website at www.southernmanagementgroup.com
The acquisition of SMG is consistent with Cumming’s strategy of acquiring white-collar professional service businesses involved in the construction and engineering industry with minimum revenues of $5 million. Cumming is interested in firms specializing in construction/project management, cost estimating, cost segregation, life cycle costing, dispute resolution and avoidance, litigation support/expert witness, and engineering consulting.
Cumming is actively pursing additional acquisitions across the country and internationally. Please contact Peter Heald (949-373-3372) at Cumming with deal referrals. Long Point Capital and Cumming pay referral fees for completed transactions.
Cumming Group, Inc. is a leading provider of third-party project management and cost management services to the non-residential construction industry. With 18 offices across the United States and in Abu Dhabi, UAE, Cumming provides cost estimating and project management services for large-scale construction projects including healthcare facilities, schools, government buildings, hotels, casinos, time share developments, and university facilities.
Long Point Capital is an investment fund with offices in Michigan and New York which partners with growth oriented companies to provide both equity capital and management support. Our principals have been involved in more than 50 transactions with an aggregate value exceeding $5 billion. Long Point Capital manages $315 million of capital and focuses on recapitalizations of manufacturing, distribution, and service companies with revenues between $30 million and $200 million.