Private equity firm Godspeed Capital Management has acquired Austin Brockenbrough &d Associates to create a new engineering and consulting business that will serve public and private sector customers.
Richmond, Virginia-based Brockenbrough and Prime Engineering, a portfolio company of Godspeed Capital, will merge into a new entity called Prime ABA to offer services such as architecture, design, surveying and construction management, the private equity firm said Tuesday.
The acquired company has worked with clients such as the Department of Defense and Virginia state agencies.
Douglas Lake Jr., founder and managing partner of Godspeed Capital, said the firm aims to build on the Brockenbrough and Prime legacies to identify new growth opportunities across multiple markets.
PSMJ Resources and AEC Advisors respectively advised Godspeed Capital and Brockenbrough on the transaction.