Long Point Capital has announced that it has sold its investment in Woolpert in connection with a new strategic investment by MSD Partners, who are partnering with the Woolpert management team. With its exit from Woolpert, Long Point Capital continues to establish its reputation as a premier partner to the management teams of professional services companies. Financial terms of the transaction were not disclosed.
Founded in 1911, Woolpert is a leading global provider of architecture, engineering, and geospatial (AEG) services to a wide variety of public, private, and government clients. The Company has more than 1,100 dedicated employees at 42 offices and is headquartered in Dayton, Ohio.
Long Point made its investment in Woolpert in December 2017. Since that time, in partnership with Long Point, Woolpert tripled its profits, completed six strategic add-on acquisitions, expanded into new geographic markets, and developed new lines of service, including strategic consulting and data-as-a-service.
Scott Cattran, President and CEO, Woolpert,”Long Point lived up to their reputation – they have been a great partner for me and my management team. They became my trusted advisor. They provided the strategic and tactical advice that played a critical role in helping us achieve our growth plan. I could not have picked a better partner.”
Ira Starr, Long Point Founding Partner commented, “We have had a great experience working with Scott and his team. It is rare when we have the honor to work with such a smart, talented, and committed management team. We are very proud of our role in their great success. We are very confident that they are well positioned for continued growth as the premier AEG company in the industry.”
