Long Point Capital, in partnership with management, is pleased to announce the recapitalization of CHA Inc., a leading provider of engineering services with 26 offices from Maine to Texas. CHA serves a diverse range of end markets including transportation, utilities, rail, energy, aviation, environmental, education, industrial, health care, and municipal. Ira Starr, Managing Director at Long Point Capital, said, "We view CHA as a great company based on its diverse market position, strong management team, and infrastructure based end markets."
Founded in 1952, CHA Inc. is an Albany, New York headquartered firm supplying a wide range of services in the areas of engineering, planning, feasibility studies, surveys, expert testimony, and inspections. CHA's ability to provide high-quality, cost-effective services that cross all phases of the design, engineering, and construction process sets the Company apart from its competitors and will continue to provide tremendous opportunities for growth. To learn more about the company please visit www.chacompanies.com.
CHA, Inc. President and CEO Ray Kinley will continue in his current role and is looking forward to working with Long Point Capital. " We partnered with Long Point because of their knowledge of our industry. Their experience as supportive partners will allow CHA to execute our plan to expand our services and geography."
CHA, Inc. represents Long Point's sixth investment from LPC Fund II.
Long Point Capital is a Michigan and New York based investment fund which partners with growth oriented companies to provide both equity capital and management support. Long Point Capital manages $315 million of capital and focuses on investments in manufacturing, distribution, and service companies with revenues between $30 million and $200 million. Long Point Capital's web site is www.longpointcapital.com.
If you have questions about this transaction, please contact:
Ira Starr, Scott Hauncher, or Tim Czyzak.