On March 24, Woolpert, a premier architecture, engineering and geospatial firm, announced that MSD Partners, L.P. has agreed to invest in the company in partnership with management. Financial terms of the transaction were not disclosed.
Founded in 1911, Woolpert is a global provider of architecture, engineering, geospatial (AEG) and strategic consulting 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.
Woolpert President and CEO Scott Cattran, who will continue to lead the company upon completion of the transaction, said, “The vision we set for our company in 2015 was to become the premier global AEG and one of the best companies in the world. Since then, Woolpert has been designated as a Great Place to Work for five years in a row and doubled in size — adding multiple offices across the United States, Canada and Africa. Now, at the beginning of our third strategic plan, we are focused on expanding our vision with a strategy to become a billion-dollar revenue company. With our MSD partnership, we have the experience, capital and culture to assure we get there in the right way. The future is incredibly bright for Woolpert clients and employees, and I look forward to sharing our continued story of success.”
“Woolpert fits seamlessly with MSD Partners’ strategy of partnering with talented management teams and investing in companies which are stable, well-positioned in attractive markets and poised for continued growth. The company has demonstrated excellent organic growth and been an active acquiror of strategically complementary firms,” said Kevin Brown, co-head of MSD Partners’ Private Capital Group.
“We have been extremely impressed by the Woolpert platform and we are excited to partner with Scott and team in the next phase of their continued success,” added Chris Bertrand, a managing director in MSD Partners’ Private Capital Group.
In connection with the transaction, Long Point Capital will be exiting its investment in the company.
Woolpert and Long Point Capital were advised by Lincoln International and Houlihan Lokey, with legal support provided by Ropes & Gray LLP. Kirkland & Ellis LLP provided legal support to MSD Partners on the transaction.
