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Wind Point Partners, a Chicago-based private equity firm, announced recently that it had acquired Fort Worth-based MOREgroup, a family of leading architecture and engineering brands focused on education, healthcare and government end markets.
MOREgroup offers a turnkey suite of architecture, design and adjacent engineering services including master planning, design execution, MEP engineering, structural engineering and program management.
Headquartered in Fort Worth, MOREgroup employs more than 700 employees and completes more than 2,000 projects annually.
“We are thrilled to be partnering with Wind Point, who brings a strong track record of success in engineering services, a deep executive network and the resources to support our growth as we continue to do more for our clients and communities,” said Chris Huckabee, CEO of MOREgroup, in a statement. “MOREgroup was founded on the idea of, ‘what we do matters, but how we do it matters more.’”
Among the architectural brands under the MOREgroup umbrella are Huckabee, e4h, IEG, and tsk.
“As a family of brands, we embrace innovation and collaboration as the key to generating greater impact through our work,” Huckabee said. “With Wind Point’s support, we are excited about building upon our foundation and creating a future that inspires our people, our clients and our communities. Together, we can achieve more and be more for those we serve.”
Wind Point is an active investor in professional services businesses, with select prior and current investments, including Kleinfelder Group, The Vertex Companies, Pavion, and RailWorks.
Under Huckabee and LaShae Baskin, company president, MOREgroup has experienced substantial growth through geographic expansion, service line extension, and targeted acquisitions.
MOREgroup’s senior management team will continue its leadership while retaining an ownership stake, according to a press release.
“They have built a tremendous platform and we look forward to supporting their expansion into new geographies and accelerating acquisition efforts as they grow the family of brands,” said Nathan Brown, managing director of Wind Point.
Wind Point evaluated MOREgroup in partnership with Louis Armstrong, a member of Wind Point’s Executive Advisor Partner network.
Reed Smith LLP served as legal counsel to Wind Point and KPMG LLP provided transaction advisory services in connection with the transaction. AEC Advisors served as financial advisor to MOREgroup.