I’ve never been more sure about the future success of our company, the opportunities for our employees or the outstanding services we provide.
DAYTON, Ohio (PRWEB)
December 06, 2017
Woolpert has completed a minority recapitalization with Long Point Capital (LPC), a private equity firm, to assist the architecture, engineering and geospatial (AEG) firm with strategy, investments and add-on acquisitions. Financial terms of the transaction were not disclosed.
“The timing is perfect—over the last three years we have optimized our company in terms of performance, operational efficiency and client service—this has created an incredibly strong foundation to add some of the world’s best AEG companies to Woolpert,” said Scott Cattran, Woolpert president and CEO. “LPC’s knowledge and experience with acquisitions in our industry makes them the right business partner for us to accomplish this goal.”
In 2015, Woolpert launched a strategic plan to become the premier company in its sector. Since then, Woolpert has grown rapidly and earned multiple awards for its industry-leading growth rate and culture, which has fostered its success.
“We are most proud of our Great Place to Work Certification, which we have earned for the last two years,” Cattran said. “Every employee has the opportunity to contribute to making our company better, and that collaboration is yielding amazing results. We now have a new 10-year strategic plan that centers on growth, wealth-building and increased opportunities for employees.”
Long Point Capital Founding Partner and Managing Director Ira Starr said that LPC has previously invested in three highly differentiated…