[ad_1]
RICHMOND, Va .– (BUSINESS WIRE) – Nov. June 2021–
Godspeed Capital Management LP (“Godspeed Capital”) today announced the successful acquisition of Austin Brockenbrough & Associates, LLC (“Brockenbrough” or the “Company”), a leading architecture, engineering, and surveying company serving federal, state and local government supports government customers. The financial terms of the transaction were not disclosed.
This press release contains multimedia. View the full version here: https://www.businesswire.com/news/home/20210622005327/en/
The newly acquired company will join Godspeed Capital’s existing portfolio company, Prime Engineering, Inc., (“Prime”) under a newly formed multidisciplinary growth platform for engineering and consulting services called Prime ABA, LP (“Prime ABA”). Prime ABA will provide a comprehensive continuum of architecture, design, engineering, surveying, consulting and construction management services to a wide range of public and private clients, addressing the fundamental and growing demand for infrastructure services and solutions.
Brockenbrough was founded in 1955 and is headquartered in Richmond, VA. Brockenbrough is a leading engineering and architecture company with over six decades of experience serving its core customers of the US Department of Defense and the Virginia State and Municipal Government. Today the company offers construction, mechanical, electrical and structural engineering as well as architecture, land surveying and underground supply technology services. Specialty areas include transportation, water / wastewater treatment, petroleum / fuel storage and distribution, utilities, building systems, and site development.
Brockenbrough employs the experienced staff of over 40 licensed engineers, architects, LEED accredited staff and support staff. The company has a successful track record of leading and executing complex, award-winning projects and has been recognized by PSMJ Resources, Inc. as a successfully managed company in their exclusive Circle of Excellence ranking. Brockenbrough was also recently named Best Place to Work by Virginia Business Magazine and Top Workplace by the Richmond Times.
Bob Polino, Brockenbrough Managing Partner, said, “We are delighted to be working with Godspeed Capital and Prime to establish Prime ABA’s service offering to our customers.” Mr. Polino added, “This investment will cement and strengthen Brockenbrough’s customer-centric culture of excellence offer our team expanded opportunities for more responsibility and professional growth. “
Brockenbrough will remain headquartered in Richmond, VA. The company will continue to be led by its executive team who, along with Godspeed Capital, were involved in the transaction and formation of Prime ABA.
Douglas T. Lake, Jr., Founder and Managing Partner of Godspeed Capital, said, “The Godspeed Capital team is honored to have partnered with the fourth generation of Brockenbroughs since its inception in 1955. We intend to continue the growth and success of Brockenbrough by promoting the company’s culture and continuing to invest in their people, customer service and innovative skills. ”Mr. Lake continued,“ We look forward to being built on the exceptional foundation of Prime Build ABA, which was created with Brockenbrough and Prime to capitalize on the significant growth opportunities in the markets we serve. “
Brockenbrough was advised by PSMJ Resources, Inc. Godspeed Capital was advised by AEC Advisors LLC.
About Austin Brockenbrough & Associates
Austin Brockenbrough & Associates (“Brockenbrough”) is a full-service architecture, engineering, and surveying company serving federal, state and local government clients. Brockenbrough is headquartered in Richmond, Virginia, employs over 40 people and serves customers worldwide. The company offers construction, mechanical, electrical and structural engineering as well as architecture, land surveying and underground supply technology services. Specialty areas include transportation, water / wastewater treatment, petroleum / fuel storage and distribution, utilities, building systems, and site development. Brockenbrough’s commitment to delivering the quality, integrity and value of the services it offers is deeply rooted in the company’s culture and will remain a cornerstone of the Brockenbrough model well into the future. We firmly believe that there is no substitute for an ongoing commitment to excellence and innovation. Brockenbrough built on this and is critical to the success of our company. For more information, see the Brockenbrough website at www.brockenbrough.com.
About Prime ABA
Prime ABA is a multidisciplinary engineering and consulting services growth platform that provides a comprehensive continuum of architecture, design, engineering, surveying, consulting and construction management services worldwide to a wide range of public and private clients, with an emphasis on addressing fundamental and growing demand for infrastructure services and solutions. Prime ABA employs over 120 people and handles the most complex and critical projects for its customers in five strategically located offices in Germany. The group is a nationally recognized leader in engineering & consulting and has a long history of delivering high quality, value adding services to customers, while at the same time cultivating a rich corporate culture aimed at exceeding customer expectations.
About Godspeed Capital
Godspeed Capital is a defense and government services, solutions and technology focused lower mid-market private equity firm that invests alongside forward-thinking management teams seeking an experienced and innovative investment partner with unique industry expertise, operational insight and flexible capital for growth. While a typical investment would involve companies generating approximately $ 3 million to $ 30 million in EBITDA, Godspeed Capital has significant support in closing larger deals through strategic co-investment relationships. The company focuses on control buyouts, buy-and-builds, corporate carve-outs and special situations. For more information, please visit Godspeed Capital’s website at www.godspeedcm.com.
View source version on businesswire.com: https: //www.businesswire.com/news/home/20210622005327/en/
CONTACT: Media:
For Godspeed Capital:
Alex Jeffrey / Sara Widmann
Guest hosts & Co.
(212) 257-4170
KEYWORD: VIRGINIA UNITED STATES NORTH AMERICA
INDUSTRY KEYWORD: OTHER DEFENSE ARCHITECTURE PROFESSIONAL SERVICES OTHER CONSTRUCTION & REAL ESTATE DEFENSE CONSTRUCTION & REAL ESTATE OTHER PRODUCTION OTHER PROFESSIONAL SERVICES ENGINEERING FINANCE CONSULTING MANUFACTURING
SOURCE: Godspeed Capital Management LP
Copyright Business Wire 2021.
PUB: 22.06.2021 08:00 / DISC: 22.06.2021 08: 0303
http://www.businesswire.com/news/home/20210622005327/en
[ad_2]
