Cumming Group. Scaling a global leader in project and cost management.

This was a chance to reinvest in a company Tailwind knew well. The business had a proven acquisition record, a long runway for further M&A, and was growing organically at attractive margins with strong free cash flow.

Tailwind re-entered a business it had owned in a prior fund and continued to follow from the board. Access came through that ownership history and relationship rather than a competitive process.

Conviction came from investing again behind a strategy Tailwind had established and watched play out, alongside a proven, dedicated management team Tailwind knew well.

With Tailwind’s partnership, Cumming Group:

• Completed 19 add-on acquisitions and invested heavily in its people function
• Expanded its business mix toward the durable higher education and data center markets, both organically and through acquisition
• Positioned itself in the high-growth advanced manufacturing space

Across Tailwind’s history with the business, that acquisition strategy has helped Cumming Group become the largest, most diversified provider of global project management services to the built environment.

Cumming Group was sold to Leonard Green & Partners in June 2026.