KNOXVILLE, Tenn.--(BUSINESS WIRE)--Godspeed Capital Management LP (“Godspeed”), a lower middle market Architecture, Engineering, & Consulting (“AEC”) and Government Services focused private equity firm, today announced the acquisition of Robert G. Campbell & Associates (“RGC&A”) by ICE USA, its transportation-focused engineering and consulting services and solutions platform holding company. The transaction marks the second addition to Godspeed’s expanding ICE USA platform and deepens its surveying, civil engineering, and construction management capabilities for public works and transportation agency customers within the highly attractive Tennessee market.
Founded in 1970 and headquartered in Knoxville, Tennessee, RGC&A is a premier full-service consulting and engineering firm specializing in civil engineering, inspection, and surveying services primarily for state and local government clients in public infrastructure development. The addition of RGC&A brings more than 40 highly-skilled professionals to the ICE USA platform, including its tenured leadership team which will remain with RGC&A following the transaction and continue to lead the business. RGC&A has established itself as a leader in the rapidly growing Tennessee market, with expertise spanning various sectors including transportation, water/wastewater, site development, and residential projects. RGC&A will operate side-by-side with Infrastructure Consulting & Engineering (“ICE”), Godspeed’s inception platform investment, and IDCUS Inc.(“IDCUS”), under the ICE USA platform.
“This transaction represents an important step for ICE USA as we continue to scale our platform and build our presence across geographies, especially the coveted Tennessee market,” said Elham Farzam, P.E., President & CEO of ICE USA. “The addition of RGC&A and its talented team to ICE USA will further strengthen our platform’s collective ability to provide stellar services to our customers in Tennessee and across the Southeastern U.S. We look forward to working with the RGC&A team as we continue the build out of our platform and support new and greater infrastructure projects across the region.”
“Partnering with ICE USA is an exciting new step for the RGC&A team, and we look forward to working as a part of the expanded platform to continue providing exemplary service to our longtime clients across the Southeast,” said Robert G. Campbell, PE, Founder & Principal of RGC&A. “This partnership is an outstanding cultural fit, and we are confident that our team’s expertise will strategically complement ICE USA’s robust resources and capabilities, enabling the platform to offer its customers an unparalleled suite of transportation engineering services.”
“Godspeed is thrilled to have RGC&A join the ICE USA team and views the acquisition as a critical step in developing and strengthening customer relationships in the attractive Tennessee market and our buy and build strategy of scaling platforms to penetrate key growth markets,” said J. Cameron Terry II, Principal at Godspeed Capital. “By complimenting ICE and IDCUS, we believe RGC&A will open doors for ICE USA in growth markets across the Southeast beyond Tennessee, further solidifying the platform as a market leader in the civil and transportation engineering markets.”
Latham & Watkins LLP acted as legal advisor on behalf of Godspeed Capital. AEC Advisors, through its registered broker-dealer affiliate AEC Transaction Services LLC, was the exclusive financial advisor to Robert G. Campbell & Associates.
About Robert G. Campbell & Associates
Robert G. Campbell & Associates (“RGC&A”) is a premier professional engineering and consulting firm specializing in transportation, water/wastewater, site development, and residential projects. Founded in 1970 and headquartered in Knoxville, Tennessee with an additional office in Sevierville, RGC&A serves strategic state and local government customers across the state of Tennessee. For more information, please visit www.rgc-a.com.
About ICE USA
Aligned with RGC&A under the ICE USA platform, Infrastructure Consulting & Engineering (“ICE”) is a full-service transportation consulting and design firm focused on public infrastructure projects in the Southeastern U.S. Founded in 2013 and headquartered in West Columbia, South Carolina, ICE maintains 23 offices across states including North and South Carolina, Georgia, Florida, Louisiana, Texas, Virginia, and West Virginia and consistently ranks among the top transportation design firms nationwide. For more information, please visit www.ice-eng.com.
About Godspeed Capital Partners
Godspeed Capital is a lower middle-market Defense & Government services, solutions, and technology focused private equity firm investing alongside forward-thinking management teams that seek an experienced and innovative investment partner with unique sector expertise, operational insight, and flexible capital for growth. While a typical investment will involve companies generating approximately $3 million to $30 million of EBITDA, Godspeed Capital has significant support to complete larger transactions through strategic co-invest relationships. The firm focuses on control buyouts, buy-and-builds, corporate carve-outs, and special situations. For more information, please visit the Godspeed Capital website at www.godspeedcm.com.
