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
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Annual Salary Survey
Before the calendar turned, 2016 already had the makings of a pivotal year for manufacturing, and for the world.
There were the big events for the year, including the United States as Partner Country at Hannover Messe in April and the 2016 International Manufacturing Technology Show in Chicago in September. There's also the matter of the U.S. presidential elections in November, which promise to shape policy in manufacturing for years to come.
But the year started with global economic turmoil, as a slowdown in Chinese manufacturing triggered a worldwide stock hiccup that sent values plummeting. The continued plunge in world oil prices has resulted in a slowdown in exploration and, by extension, the manufacture of exploration equipment.
Read more: 2015 Salary Survey