Posted: October 24, 2011
EYP Architecture & Engineering partners with Long Point Capital
According to EYP Architecture & Engineering, Long Point Capital, a New York-based private equity group, acquired a minority interest in the privately held firm. With 325 professionals located in six offices across the country, EYP is one of the world's leading AE firms, providing both stand alone and integrated architecture and engineering design, master planning, and energy services to a wide variety of prominent public and private clients.
EYP delivers expertise-driven design through a strategic, collaborative process, creating exceptional and innovative environments to advance each client's vision. The firm's commitment to energy efficiency and sustainability inspires every design, while at the same time, influences its own workplace culture and overall corporate strategy. Consistently ranked as one of the nation's top firms and recently named 15th overall and 2nd in the education sector on Engineering News Record's list of the Top 100 Green Design Firms, EYP excels in thought, leadership, research, and a unique ability to anticipate client needs.
"This relationship fulfills a number of our key strategic goals," said Tom Birdsey, AIA, EYP's president and chief executive officer. "It not only aids the expansion of our presence in critical geographies, allowing us to attract additional world-class clients and world-class talent, but it gives us the resources to exercise the next generation of our growing global architecture and engineering practice. Our clients seek comprehensive, holistic solutions that demand vision, expertise-driven design, talent, and proactive partners that enable their mission. Now, as part of Long Point Capital's portfolio, we can offer comprehensive and integrated professional services and expect fast-paced strategic expansion. We are thrilled to have Long Point Capital as a partner."
Long Point Capital is a private equity fund with offices in New York and Michigan. With $315 million of capital under management, its focus is partnering with successful entrepreneurs of middle market businesses to help them achieve their strategic goals.
Long Point Capital's managing director Ira Starr said, "Our investment in EYP is a milestone for Long Point Capital; the practice will add high quality expertise-driven design to our portfolio of professional service investments. Their integrated approach has long been recognized as providing distinctive, energy efficient, and sustainable solutions to premier clients. This merger will enable us to build a design leadership position in the facilities building segment and to increase our participation in private and public sector projects across the United States and strategic locations around the world. Together with our other portfolio companies CHA and Cumming Group, we offer a full range of horizontal and vertical services: planning, design, program and cost management and consulting - separately or as an integrated package. Finally, EYP's world-class brand, based on consistent quality and highly charged intellectual design solutions, will substantially enhance Long Point Capital's reputation and visibility. EYP will serve as a keystone and lead the development of our growing design and construction offering. We are proud that EYP has joined Long Point Capital's expanding portfolio of design and construction related companies."
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