M&A Deal Summary

New Mountain Capital and Tailwind Acquire Cumming Group

On December 2, 2021, private equity firms New Mountain Capital and Tailwind acquired business services company Cumming Group from Tailwind

Acquisition Highlights
  • This is New Mountain Capital’s 8th and Tailwind’s 3rd transaction in the Business Services sector.
  • This is New Mountain Capital’s 75th and Tailwind’s 45th transaction in the United States.
  • This is New Mountain Capital’s 2nd and Tailwind’s 3rd transaction in Washington.

M&A Deal Summary
Date 2021-12-02
Target Cumming Group
Sector Business Services
Buyer(s) New Mountain Capital
Tailwind
Sellers(s) Tailwind
Deal Type Secondary Buyout
Advisor(s) Jefferies
Lincoln International (Financial)
Davis Polk & Wardwell (Legal)

Target

Cumming Group

Seattle, Washington, United States
Cumming Group is a provider of 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. Cumming Group was founded in 1996 and headquartered in Seattle, Washington.

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Buyer(S) 2

Buyer

New Mountain Capital

New York, New York, United States
Category Private Equity Firm
Founded 2000
PE ASSETS 35.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

New Mountain Capital is a private investment firm focused on investment in public and private companies in a variety of industries. New Mountain generally invests $100 to $500 million per transaction and looks for businesses with strong market positions and high barriers to entry. New Mountain also prefers businesses that succeed in both good and bad economies. Sectors of interest include education, healthcare, business services, federal IT services, media, software, consumer products, logistics, financial services and technologies, and energy. New Mountain Capital was formed in 2000 and is based in New York City.

DEAL STATS #
Overall 79 of 95
Sector (Business Services) 8 of 10
Type (Secondary Buyout) 32 of 38
State (Washington) 2 of 2
Country (United States) 75 of 90
Year (2021) 8 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-16 Profile

Buffalo Grove, Illinois, United States

Profile offers environmentally sound, site-specific solutions for soil modification, horticultural production, erosion control, and plant establishment. As a manufacturer of hydraulically applied mulch and additives, horticulture substrates, as well as biotic and ceramic conditioners to amend the soil, the company offers on-site solutions and consultation to architects, land planners, contractors, developers, and municipalities. Their team of agronomists, engineers and industry experts is supported through a worldwide network of experienced distributors. Profile was founded in 1997 and is based in Buffalo Grove, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-20 CCG IQ

Charlotte, North Carolina, United States

CCG IQ is a provider of IT solutions for insurance underwriting and claims decisions. The CCQ IQ brands, which include HVACi, StrikeCheck, and JMI Reports, specialize in HVAC and electronics claims, as well as underwriting inspections for insurance professionals. Consolidated Claims Group LLC was founded in 2011 and is based in Charlotte, North Carolina.

Buy -
Buyer

Tailwind

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2003
PE ASSETS 3.7B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Tailwind is an independent private equity firm focused on making control investments in companies operating in the healthcare, media/communications, and business services sectors. Tailwind looks to invest $25 to $200 million in profitable businesses valued above $500 million. The Firm seeks companies with proven business models and strong opportunities for growth, either organically or through acquisition. Tailwind Capital was formed in 2003 and is based in New York, New York.

DEAL STATS #
Overall 45 of 50
Sector (Business Services) 3 of 4
Type (Secondary Buyout) 16 of 18
State (Washington) 3 of 4
Country (United States) 45 of 50
Year (2021) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-09 Core BT

Indianapolis, Indiana, United States

Core BTS is a solution provider focused on Cisco-centric software, technology and related IT infrastructure, and technology services to corporate and government clients. Core BTS solves complex business needs across networking, collaboration, security, and data center infrastructure. Core BTS’s capabilities include technical support and managed services of existing infrastructure, security and networking advisory and assessments, and remote monitoring support for both Cisco and non-Cisco hardware and software. Core BTS was founded in 2004 and is based in Indianapolis, Indiana.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-15 Brightspot

Reston, Virginia, United States

Brightspot is a technology company that helps businesses build and deliver digital experiences designed specifically for their customers. Brightspot was founded in 2008 and is based in Reston, Virginia.

Buy -

Seller(S) 1

SELLER

Tailwind

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2003
PE ASSETS 3.7B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Tailwind is an independent private equity firm focused on making control investments in companies operating in the healthcare, media/communications, and business services sectors. Tailwind looks to invest $25 to $200 million in profitable businesses valued above $500 million. The Firm seeks companies with proven business models and strong opportunities for growth, either organically or through acquisition. Tailwind Capital was formed in 2003 and is based in New York, New York.

DEAL STATS #
Overall 26 of 33
Sector (Business Services) 2 of 2
Type (Secondary Buyout) 9 of 13
State (Washington) 1 of 2
Country (United States) 26 of 33
Year (2021) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-09 Core BT

Indianapolis, Indiana, United States

Core BTS is a solution provider focused on Cisco-centric software, technology and related IT infrastructure, and technology services to corporate and government clients. Core BTS solves complex business needs across networking, collaboration, security, and data center infrastructure. Core BTS’s capabilities include technical support and managed services of existing infrastructure, security and networking advisory and assessments, and remote monitoring support for both Cisco and non-Cisco hardware and software. Core BTS was founded in 2004 and is based in Indianapolis, Indiana.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-15 Brightspot

Reston, Virginia, United States

Brightspot is a technology company that helps businesses build and deliver digital experiences designed specifically for their customers. Brightspot was founded in 2008 and is based in Reston, Virginia.

Buy -
Mergr

Product

Company

Legal