By Jessica Busch | July 25, 2023
Cumming Group, a leading advisory providing Project & Cost Management services for the built environment, announced today that PCM Consulting has joined its growing international team. Leaders said the acquisition positions both firms to better serve life-sciences and high-tech clients amid the ongoing trend to re-shore and near-shore advanced manufacturing.
“We have enjoyed a successful track record partnering with PCM to deliver mission critical solutions in the life-science and semiconductor sectors, two industries that are central to our defensive growth strategy,” said Derek Hutchison, CEO and President at Cumming Group. “We are excited to join forces to leverage our collective expertise and complementary services to support our clients’ complex capital projects.
Founded by Boston based David Lane and Paul Logan, PCM has grown into a well-respected construction project controls firm with more than 100 team members across multiple locations in the U.S. and Europe.
“As the manufacturing and life sciences sectors continue to be some of the highest-growth markets in the country, we couldn’t be more excited to join with Cumming toward the pursuit of our mutual goals,” said Paul Logan, Director of Global Operations at PCM Consulting. “We have always sought to improve and expand services for our clients while providing the best career opportunities for our team members. This merger provides us with a premier platform for both.”
PCM will continue to operate under the day-to-day leadership of its current executive team as “PCM Consulting, A Cumming Company”.
The move to strengthen Cumming Group’s position in the high-tech manufacturing sector comes as global instability – including COVID and the conflict in Ukraine – force businesses to rethink their supply chains and look to source microchips and other high-tech components closer to home. Adding to the reshoring trend, the 2022 CHIPS and Science Act provides roughly $280 billion in funding for domestic semiconductor research and manufacturing.
About PCM Consulting
PCM Consulting is a privately held project and cost management consulting firm formed in 1998. Originally, PCM focused on providing project management, procurement support, scheduling, and cost control consulting services to the micro-electronic and bio-pharmaceutical industries. In 2001, the company began diversifying by taking on greater project management and project controls work throughout its two main industries. For more information, please visit https://www.pcmconsulting-inc.com/.
About Cumming Group
Cumming Group is an international project management and cost consultancy with 50+ offices and more than 2,000 team members. Since opening for business in 1996, Cumming has provided efficient and cost-effective solutions to ensure projects in the commercial, manufacturing, hospitality, education, healthcare, retail, entertainment, and high-end residential sectors are executed on time and within budget. Cumming provides a solutions-oriented suite of services that specifically addresses its clients’ unique challenges, thus enabling them to achieve extraordinary results. For more information, please visit https://cumming-group.com/.
About New Mountain Capital
New Mountain Capital is a New York-based alternative investment firm that emphasizes business building and growth, rather than debt, as it pursues long-term capital appreciation. The firm currently manages private equity, credit and net lease real estate funds with over $40 billion in assets under management as of March 31, 2023. New Mountain seeks out what it believes to be the highest quality growth leaders in carefully selected “defensive growth” industry sectors and then works intensively with management to build the value of these companies. Additional information about New Mountain Capital is available at www.newmountaincapital.com.
AEC Advisors (www.aecadvisors.com) advised Cumming Group and New Mountain Capital.