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Cumming Corporation history
Cumming Corporation company history timeline
An enormous step toward that direction was achieved in 1991, when the company acquired Colonial Penn Group Insurance Co. from FPL Group for $150 million.
By the conclusion of 1993, after 15 years of Cumming's and Steinberg's leadership, the value of Leucadia had increased considerably.
1997: Colonial Penn is sold for $1.4 billion.
But Steinberg and Cumming reconsidered their decision to fold up their tent after all and instead distributed $812 million to shareholders in 1999 and reentered the acquisition game.
WilTel returned to the stock exchange, moving from the NYSE to the NASDAQ in December 2002.
Leucadia came to the rescue of another company, the bankrupt Williams Communications, in 2002.
During 2004, Leucadia made moves toward taking control of one of its competitors, MCI. Cumming and Steinberg's track record of a 15-year average annual return of 22 percent aside, they were in a risky situation.
In 2004, with the continued growth of our RF anechoic chamber business, Cuming Microwave purchased Lehman Chambers, a custom construction company and one of our best customers.
In 2008, the company drilled a successful Barnett Shale project in Erath County, Texas which yielded experience in drilling, fracking and producing tight shales.
In 2018, the company re-entered the service sector of the oil and gas business establishing a well service arm for plugging wells.
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Cumming Corporation competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| cornellcraneandsteel | 1924 | $386.7M | 4,300 | 19 |
| Walton & Company | 1989 | $44.1M | 100 | 7 |
| Altis | 2006 | $620,000 | 6 | - |
| Haskell | 1965 | $800.0M | 1,301 | 232 |
| Home Front Homes | - | $284.9K | 5 | - |
| Westport L.L.C. | 1986 | $134.5M | 100 | 8 |
| ACP, Inc. | - | - | 176 | - |
| Allied Industrial Scrap Inc | - | $1.6M | 10 | - |
| Southern Nevada Home Builders Association | 2016 | $4.9M | 50 | - |
| APM | 1995 | $4.1B | 22,000 | - |
Cumming Corporation history FAQs
Zippia gives an in-depth look into the details of Cumming Corporation, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Cumming Corporation. The employee data is based on information from people who have self-reported their past or current employments at Cumming Corporation. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Cumming Corporation. The data presented on this page does not represent the view of Cumming Corporation and its employees or that of Zippia.
Cumming Corporation may also be known as or be related to Cumming Construction Management Inc, Cumming Construction Management, Inc. and Cumming Corporation.