Godspeed Acquires Prime Engineering

Godspeed Capital has made an investment in Prime Engineering, a provider of support services to the industrial, transportation and infrastructure sectors.

Prime Engineering provides architecture, engineering, surveying, and construction management services to public and private companies as well as government clients across the United States. The company specializes in the air transportation; air and ground freight logistics; food and beverage; consumer products; petroleum and chemical; manufacturing; and infrastructure sectors.

Prime, led by President Thomas Gambino, was founded in 1990 and has more than 75 employees with a headquarters in Atlanta and satellite offices in Cincinnati, Ohio; Huntington, West Virginia; and Pittsburgh, Pennsylvania.

“Prime Engineering fits seamlessly with Godspeed’s strategy of partnering with talented management teams and investing in companies offering innovative services and solutions, that are well-positioned in attractive markets, and poised for continued growth,” said Douglas Lake, Jr., the founder and managing partner of Godspeed.

Godspeed Capital makes control investments in North American-headquartered lower middle-market companies that are active in the aerospace, defense and government services sectors. Transaction types include buyouts, buy-and-builds, corporate carve-outs, and special situations. Areas of specific interest include cybersecurity; intelligence surveillance, reconnaissance and analysis; healthcare IT; software and artificial intelligence; engineering, technical and professional services; and mission support and logistics. Godspeed was founded in 2020 and is based in Washington DC.

“We are proud to be partnering with Godspeed Capital, whose seasoned and collaborative investment approach will help to guide our business through its next stage of growth,” said Mr. Gambino. “Prime Engineering is proud of the entrepreneurial culture that we have built, and we will continue to focus on maintaining a high degree of employee engagement, a cornerstone of the company model moving forward. The future is incredibly bright for Prime Engineering clients and employees.”

Prime Engineering was advised by Newton, Massachusetts-headquartered PSMJ Resources and Godspeed was advised by New York-headquartered AEC Advisors.

© 2021 Private Equity Professional | May 20, 2021

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