Browse Years
New York – December 2021 – Tailwind Capital (“Tailwind”), a leading private equity firm focused on services investments within select end-markets, has completed the sale of Cumming Group (“Cumming”) to New Mountain Capital. As part of the transaction, Tailwind will retain an equity stake in the company alongside New Mountain Capital.  Terms of the transaction were not disclosed.
Founded in 1996 and headquartered in Seattle, Cumming provides critical project and cost management consulting services that add value and minimize risk at every step of a project’s development. As one of the most successful project management and cost consulting firms, Cumming serves as a devout advocate for its clients across a diverse set of sectors including education, technology, commercial, healthcare, infrastructure, and other end markets worldwide. Cumming’s 1,100+ team members across 41 offices have completed over $300 Billion in projects with a unique combination of scaled global reach, sector-specific expertise, and local knowledge of a boutique services provider.
“Cumming has an outstanding track record as a trusted partner to blue-chip clients, planning and managing their largest, most complex and highest profile projects on-time and on-budget” said Jeff Calhoun, Managing Partner at Tailwind Capital. “We thank the team for the opportunity to collaborate during our period of ownership and look forward to remaining a partner and shareholder going forward.”
David Baird, Chief Executive Officer at Cumming, commented, “We are grateful for Tailwind’s support over the last several years. As we enter of our next stage of growth, we are excited to partner with New Mountain Capital and are delighted to have Tailwind remain a partner going forward.”
Jefferies and Lincoln served as financial advisors to Cumming and Davis Polk & Wardwell LLP served as legal advisor.
About Cumming

Cumming is an international project and cost management firm with 41 offices worldwide. Since opening for business in 1996, Cumming has provided efficient and cost-effective solutions to ensure that projects in the aviation, corporate office, culture, education, data center, healthcare, hospitality, life sciences, manufacturing, public works, and retail sectors are executed on time and within budget. Cumming provides a solutions-oriented suite of services that specifically addresses its clients’ unique challenges, thus enabling them to achieve extraordinary results. For more information, please visit

About Tailwind Capital
Tailwind Capital is a leading private equity firm focused on services investments within select end markets. 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 invested in 48 portfolio companies and over 145 add-on acquisitions. For more information, please visit