New York – November 2019
– Cumming, a portfolio company of Tailwind Capital, announced its acquisition of Stoke-on-Trent-based Prosurv Consult, Ltd. (Prosurv). This transaction represents Cumming’s fifth add-on acquisition since Tailwind acquired the company in October 2016. The merger will provide Prosurv with additional global resources and expertise, enabling the U.K. professional services company to continue to provide leading construction advisory services to its current client base.
Prosurv is one of the U.K.’s most respected project management and construction cost consultants. The multi-award-winning company provides project leadership for clients throughout the entire construction lifecycle to ensure that all parties are motivated to deliver quality and client-focused services for complex projects. The construction consultancy is leading some of the most high-profile education, residential, retail, mixed-use, renewable, hospitality, infrastructure, and brownfield land regeneration projects currently under development in the U.K.
“Partnering with Cumming allows Prosurv to provide additional advisory services and new specialized expertise to our current clients, while at the same time, providing our team members with opportunities to develop their careers as we look to expand our geographic and valued end-market reach,” stated Paul Dunning, Managing Director of Prosurv. “We had been looking for a true long-term partner with an outstanding reputation, an owner-driven culture, and international resources that could help take Prosurv to the next level. We have found this with Cumming.”
“Cumming’s investment in Prosurv demonstrates our continued confidence in the U.K. market, and our strong belief in the long-term fundamentals of its construction and real estate sector,” said Derek Hutchison, Executive Vice President at Cumming. “Following the successful integration of London-based MHBC Cumming, we are excited to merge with the Prosurv team to help broaden our collective capabilities across the United Kingdom.”
Focused on supporting its growing U.K. client base, in late 2018, Cumming was joined by Mellersh & Harding Building Consultancy LLP (MHBC), a longstanding U.K. building surveying group, adding to the international firm’s commitment to the region.
By joining forces, Cumming’s worldwide team increases to approximately 815 professionals across 29 U.S. offices, as well as permanent teams in Beijing, London, Edinburgh, and the new Prosurv team in Stoke-on-Trent.
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, 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 $3.6 billion of committed equity capital, and has invested in 43 portfolio companies and over 105 add-on acquisitions.