Fort Point Capital has completed the sale of Engineering, Planning and Management, Inc. (EPM) to Onet North America, a subsidiary of Onet, an engineering and services company based in Marseille, France. Fort Point acquired EPM in July 2013.
EPM is a provider of engineering, consulting, probabilistic risk assessment, and fire protection services to the nuclear power industry and other commercial customers. The company was founded in 1980 and is headquartered west of Boston in Framingham, MA (www.epm-inc.com).
During its two plus years of ownership, Fort Point actively supported the company’s growth through the addition of senior staff including a chief financial officer and chief operating officer; developed and executed a plan to expand into adjacent end markets and new geographies; grew profitability and improved working capital management; and made investments in new software and services.
“EPM epitomizes our strategy of acquiring niche leaders and working with those management teams to significantly improve and transform their businesses from a qualitative and quantitative standpoint,” said Christina Pai, a Partner at Fort Point.
Fort Point Capital invests from $5 million to $25 million in service-oriented, lower middle-market companies across a range of sectors, including business services, healthcare, consumer, and software & information. Fort Point Capital is currently investing from FPC Small Cap Fund I. Since founding in 2010, Fort Point has completed nine transactions – five platform investments, two exits and two add-on acquisitions. The sale of EPM marks the second portfolio realization for Fort Point and first realization from FPC Small Cap Fund I. The firm is based in Boston (www.fortpointcapital.com).
“With Fort Point’s support and encouragement, we leveraged our track record and market leadership position to introduce new software and service offerings, acquire new customers and expand into new markets and geographies,” said Robert Kalantari, CEO of EPM.
Houlihan Lokey (www.hl.com) served as financial advisor to EPM and Kirkland & Ellis (www.kirkland.com) provided legal counsel.
© 2015 PEPD • Private Equity’s Leading News Magazine • 10-19-15