Tailwind Capital Exits Cumming Group
Tailwind Capital (“Tailwind”), a growth-oriented private equity firm investing in Industrials and Technical Services, today announced its exit from Cumming Group (“Cumming” or the “Company”), a global project and cost management consulting firm with over 60 offices. Tailwind initially invested in Cumming in 2016 and following a majority recapitalization to New Mountain Capital in 2021, remained a minority investor through the Company’s next phase of growth. From the time of its initial investment in 2016, Tailwind has supported 30 add-on acquisitions and helped build Cumming into the largest pure play provider of project and cost management consulting services. With Cumming’s recent sale to Leonard Green & Partners, Tailwind has now fully realized its investment in Cumming Group. The terms of the transaction are not disclosed.
Headquartered in New York, NY, Cumming employs more than 2,900 people with offices in the United States and Europe. The Company delivers customized solutions to a diverse set of customers by minimizing risk during each stage of an existing or new building’s maintenance, renovation, construction, and/or development cycle.
“Our partnership with Tailwind has lasted a decade. Tailwind identified Cumming’s potential for transformational growth, and they resourced and empowered our leadership team to maximize the opportunity to build a market leading platform. We are proud of what we have accomplished together and appreciate the consistency and commitment of their support over the years,” said Derek J. Hutchison, President & CEO at Cumming Group.
