Leonard Green Nears $3 Billion Deal for Cumming Group, FT Says

Private equity firm Leonard Green and Partners is closing in on an acquisition of Cumming Group, a construction project consultancy firm owned by fellow buyout firm New Mountain Capital, the Financial Times reported.

The deal values Cumming Group at $3 billion including debt, and is set to be announced in the coming weeks, the FT reported, citing people familiar with the matter. The company advises on large infrastructure projects worldwide, including the ongoing $9 billion redevelopment of JFK airport’s terminal one.