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Dive brief:
- In the middle of a increased deal activity through construction, New York City-based construction cost consulting firm Cumming Group announced on Oct. 30 has acquired LeftFielda project management consulting company. Terms of the deal were not disclosed.
- The merger will double Cumming Group’s size in the region and strengthen its ability to serve both public and private clients in the Northeast, according to the firm. The addition of more than 60 LeftField staff expands Cumming Group’s workforce to more than 150 professionals in New England and a total of 2,850.
- Headquartered in Boston, LeftField operates as the owner’s project manager in Massachusetts, Rhode Island, New Hampshire and Connecticut in the K-12 education sector, with additional experience in higher education, life sciences and municipal projects, according to the press release.
Diving knowledge:
As a result of the merger, Cumming Group says it is now one of the largest independent project management firms in the region, according to the announcement.
LeftField will maintain its brand and identity, according to Jessica Busch-Garrett, Cumming Group’s senior director of public relations, until the two companies are fully integrated.
“Cumming Group and LeftField have a close-knit culture of dedicated team members and a strong set of common values,” Jim Rogers, founder and director of LeftField, said in the press release. “We have already begun collaborating on projects and this partnership expands our capabilities by offering clients a broader set of integrated services that include cost management, scheduling and project controls.”
LeftField has managed public sector capital programs that include schools, sports facilities, public safety facilities and community centers, according to the announcement. He has also assisted clients engaged in complex commercial developments such as research laboratories and mixed-use higher education facilities.
“Collectively, we will continue to deliver best-in-class services, shaping the future of education, research and community infrastructure in the Northeast,” Derek Hutchison, president and CEO of Cumming Group, said in the news release.
Cumming Group and LeftField make the move amid a surge in construction M&A activity. Zachry Construction, for example, acquired Plano, Texas-based Crescent Constructors on September 30 to zero in the Texas water project market. On the West Coast, San Francisco-based builder Webcor entered into an agreement to acquire GCON on Oct. 17, a construction management company that worked on mission-critical, data center and semiconductor projects.
Meanwhile, the Canadian infrastructure giant WSP reportedly made a multimillion-dollar bid for Dallas-based Jacobs, according to an Oct. 24 report from StreetInsider.
This year isn’t Cumming Group’s only move in the M&A space either. In April, that merged with World Wide Professional Servicesa semiconductor consulting firm based in Phoenix, to target the domestic manufacturing market.
