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Consor Holdings Appoints Dr. Hisham Mahmoud as Chairman of the Board
Slice of Construction Team
August 16, 2024
Key Highlights:
Consor Holdings announces Dr. Hisham Mahmoud as new Chairman of the Board.
Dr. Mahmoud brings over 35 years of experience in the engineering and construction industry.
New Mountain Capital backs Consor's growth with significant investment.
Chris Rayasam, Consor CEO, praises the strategic partnership.
Source (Business Wire)
Notable Quotes:
"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."
"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."
"Through the development and execution of winning strategies in partnership with management, Hisham has been instrumental in shaping and positioning both Qualus and Cumming. We all have ambitious plans for Consor and are confident that Hisham will make a meaningful contribution to the firm’s long-term success."
Our Take:
The appointment of Dr. Hisham Mahmoud as Chairman of the Board at Consor Holdings signals a pivotal moment for the firm, especially with the backing of New Mountain Capital. Dr. Mahmoud’s extensive experience in scaling organizations aligns perfectly with Consor's vision of becoming a market leader in the transportation and water infrastructure sectors. With his leadership, Consor is well-positioned to advance its growth strategy, leveraging its strong industry relationships and commitment to community investment. This strategic move underscores the firm’s dedication to not only maintaining but also significantly enhancing its market position in North America.