Consor Holdings Appoints Dr. Hisham Mahmoud as Chairman of the Board
2024年8月15日 - 2:03AM
ビジネスワイヤ(英語)
Consor Holdings LLC ("Consor"), a leading North American
transportation and water infrastructure engineering and consulting
firm, today announced the appointment of Dr. Hisham Mahmoud as
Chairman of the Board. In June of this year, Consor received a
significant investment from affiliates of New Mountain Capital, LLC
(“New Mountain”), a leading growth-oriented investment firm with
nearly $55 billion in assets under management, to support the
firm’s growth strategy.
As Chairman, Dr. Mahmoud brings proven expertise in scaling
organizations that complement Consor’s vision for the firm’s next
phase of market leadership. Spanning over 35 years in the
engineering and construction industry, Dr. Mahmoud’s career
features an impressive track record building, leading, and
transforming companies and consistently delivering extraordinary
results. He is a Senior Advisor to New Mountain, where he plays a
key role in shaping and supporting their infrastructure services
industry strategy. Dr. Mahmoud continues to serve as the Chairman
of the Board of Qualus Corporation (“Qualus”), a leading pure-play
power services firm and an innovator at the forefront of the energy
transition, and as the Chairman of the Board of Cumming Group
(“Cumming”), a leading pure-play international project management
and cost consulting firm. Both firms are backed by New
Mountain.
Lars Johansson and Joe Walker, Managing Directors at New
Mountain, said, “through the development and execution of winning
strategies in partnership with management, Hisham has been
instrumental in shaping and positioning both Qualus and Cumming as
industry leaders in their respective spaces and creating
significant value in the process. We all have ambitious plans for
Consor and are confident that Hisham will make a meaningful
contribution to the firm’s long-term success.”
“Hisham brings a new level of strategic insight to Consor with
his deep knowledge and experience in the industry. Our leadership
team is excited about how he will drive our long-term vision
forward, which includes our commitment to investing in our people
and communities,” said Chris Rayasam, Consor’s President and Chief
Executive Officer. “With this partnership, I have the rare
opportunity to work with and learn from one of the best in the
industry. I am honored and looking forward to building our company
together.”
“Chris is an exceptional leader. I am excited to partner with
him and Consor’s leadership team in maximizing the firm’s full
potential through this next phase of its impressive growth
journey,” said Dr. Mahmoud. “Consor is an emerging market leader
with roots dating back over 40 years. In partnering with New
Mountain, the firm is uniquely positioned to significantly elevate
its differentiated market position.”
About Consor
Consor is a leading North American transportation and water
infrastructure consulting firm offering planning, engineering
design, structural assessment, program management, and construction
services. Consor has deep relationships with state departments of
transportation, municipalities, utilities and other public and
private clients throughout the United States and Canada. With over
1,700 employees, Consor is focused on going above, below, and
beyond the surface to move people and communities forward by
maintaining and improving critical infrastructure. For more
information on Consor, please visit https://www.consoreng.com/.
About New Mountain Capital
New Mountain Capital is a New York-based investment firm that
emphasizes business building and growth, rather than debt, as it
pursues long-term capital appreciation. The firm currently manages
private equity, credit and net lease investment strategies with
over $50 billion in assets under management. New Mountain seeks out
what it believes to be the highest quality growth leaders in
carefully selected industry sectors and then works intensively with
management to build the value of these companies. For more
information on New Mountain Capital, please visit
https://www.newmountaincapital.com/.
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version on businesswire.com: https://www.businesswire.com/news/home/20240814887196/en/
Whitney Janoska Consor Whitney.janoska@consoreng.com