ATLANTA, GEORGIA (July 2008) - On June 30, 2008, Hancock Park Associates, a middle market private equity fund based in Los Angeles, California, made a strategic investment in Project Time & Cost, Inc. (“PT&C”).

Based in Atlanta, GA, PT&C is a leading provider of cost engineering and forensic consulting services. The Company provides an extensive array of cost estimating, scheduling, project management and risk assessment services for construction, environmental remediation and nuclear facility projects and forensic engineering services in connection with losses arising from damaged property. PT&C’s client base primarily consists of federal agencies that are responsible for large, complex construction and environmental projects, as well as insurance companies with significant commercial and residential property portfolios. 

Navigant Capital Advisors, LLC (“NCA”) was engaged as PT&C’s exclusive financial advisor to explore various capital and strategic alternatives including the recapitalization of the Company. NCA worked closely with PT&C’s shareholders and management to identify various liquidity and recapitalization alternatives. In positioning to a diverse group of potential acquirers, NCA was successful in highlighting (i) the unique growth opportunities in providing cost engineering and forensic consulting services to the Federal government and the insurance industry, as well as (ii) PT&C’s leadership position within its core markets.