Godspeed Capital makes strategic investment in Prime Engineering
Prime Engineering, Inc, an architecture, engineering, and surveying firm, has received a strategic investment from Godspeed Capital Management LP, a lower middle-market Defence & Government services, solutions, and technology focused private equity firm. The financial terms of the transaction have not been disclosed.
Founded in 1990, Prime Engineering provides architecture, engineering, surveying, and construction management services to a variety of public, private, and government clients across the United States. Over the past seven years, Prime Engineering has achieved annual double-digit growth and is a nationally recognised leader in the Industrial, Transportation, and Infrastructure markets. The Company has been recognised by the Zweig Group as one of the Best Firms to Work For as well as by Forbes as a Certified Great Place to Work. Headquartered in Atlanta, Georgia, Prime Engineering employs over 75 employees across four offices nationwide. Following the transaction, Prime Engineering’s President, Thomas Gambino, will continue to lead the Company as it accelerates client and service expansion with Godspeed Capital’s support.
“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, and I look forward to sharing our continued story of success.”
Douglas T Lake, Jr, Founder & Managing Partner of Godspeed Capital, says: “Prime Engineering fits seamlessly with Godspeed Capital’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.” Lake continues: "Prime Engineering is spearheaded by an experienced leadership team, a highly trained workforce, and operates at the highest level of ethical standards to provide its customers with exceptional service. We look forward to further building on Prime Engineering’s distinguished track record in the Industrial, Transportation, and Infrastructure markets."
Prime Engineering was advised by PSMJ Resources, Inc with legal support provided by Donahue Fitzgerald Attorneys. Godspeed Capital was advised by AEC Advisors LLC.