New York – April 2021
– Cumming, a portfolio company of Tailwind Capital, has acquired Fort Point Project Management (“Fort Point”). Founded in 2000, Fort Point is a Boston, MA-based project management firm. The company primarily focuses on the life sciences, office, and healthcare sectors, leading projects ranging from utilization studies and integrated workplace management software implementation to tenant improvement initiatives, and complex ground-up construction. This transaction represents Cumming’s ninth add-on acquisition since Tailwind acquired the company in October 2016.
“We have seen tremendous growth opportunities in Boston and throughout the Greater New England region in a number of sectors, but especially within the life sciences industry,” said Derek Hutchison, president at Cumming. “Venture capital funding for the industry is at record highs. Government bodies and major universities across the country are reaching out for guidance as they look to embark on these complex programming, design, and construction assignments in the life sciences sector.”
By adding one of Boston’s leading independent project management firms, Cumming will be able to continue to expand its Northeast presence with Fort Point’s local construction expertise and provide clients on a national level with the firm’s dedicated sector experts. Hutchison added, “We could not be more excited to welcome Fort Point’s unparalleled team into our international family as they have a proven track record of managing these unique builds to support rapidly expanding client needs.”
Cumming is a global project and cost management consulting firm with offices in the United States and Europe. Cumming adds value and minimizes risk for owners during each stage of an existing or new building's maintenance, renovation, construction, and/or development cycle. The company delivers customized solutions to a diverse set of customers across the education, healthcare, corporate, themed entertainment, public and retail sectors worldwide. For more information, please visit http://www.ccorpusa.com.
About Tailwind Capital
Tailwind Capital is a middle market private equity firm focused on growth-oriented investments in targeted sectors within healthcare, technology and business services and industrial services. Tailwind partners with experienced management teams and entrepreneurs to transform businesses through organic growth initiatives, acquisitions, and operational and strategic investments. Since inception, Tailwind has managed $3.7 billion of committed equity capital, and has invested in 47 portfolio companies and over 135 add-on acquisitions.