Long Point Capital acquires minority stake in EYP
Long Point Capital, a private equity group, acquired the minority share in EYP Architecture + Engineering for an undisclosed amount of money.
EYP Architecture + Engineering announced that 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 provides both stand-alone and integrated architecture and engineering design, master planning, and energy services to a wide variety of prominent public and private clients. Financial details were not disclosed.
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.
- Edited by Chris Vavra, Consulting-Specifying Engineer, www.csemag.com
Annual Salary Survey
After almost a decade of uncertainty, the confidence of plant floor managers is soaring. Even with a number of challenges and while implementing new technologies, there is a renewed sense of optimism among plant managers about their business and their future.
The respondents to the 2014 Plant Engineering Salary Survey come from throughout the U.S. and serve a variety of industries, but they are uniform in their optimism about manufacturing. This year’s survey found 79% consider manufacturing a secure career. That’s up from 75% in 2013 and significantly higher than the 63% figure when Plant Engineering first started asking that question a decade ago.