The American investment company Leonard Green & Partners is negotiating the acquisition of the Cumming Group consulting company in the field of construction projects. This is reported in a press release by Leonard Green.
The value of Cumming Group, controlled by New Mountain Capital, is $3 billion, including debt obligations.
Cumming Group provides consulting services in the framework of major infrastructure projects, including the reconstruction of the first terminal of John F. Kennedy International Airport worth $9 billion.
The deal is in line with Leonard Green's strategy to expand its market presence, including the acquisition of a controlling stake in Topgolf Callaway Brands Corp. for $1.1 billion.
Private equity sales fell by more than a third in 2026, taking into account the development of artificial intelligence and the Middle East conflict, which are increasing pressure on the weakened private equity market amid persistently high interest rates and geopolitical tensions.
The sale of Cumming Group assets will be the largest for New Mountain in the last few years, following the recent cancellation of the exit of their equity of five subsidiaries in the field of medical technology.
Leonard Green & Partners is an American investment company headquartered in Los Angeles, California. Since 2002, LGP has invested in the equity of 95 companies.
Cumming Group is a multinational project management consulting firm in the fields of modern manufacturing, education, healthcare, and hospitality. The headquarters is located in New York (USA).
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