Aging infrastructure across specific regions across the U.S., such as Southern California, is, perhaps unsurprisingly, proliferating private equity deals in related subsectors. What else can you add to the PE menu of favored sectors? Construction management. Here’s why.
“Aging infrastructure and the need to revitalize existing and /or build new infrastructure within Southern California remains robust and is driving the demand for construction management services in the region,” Godspeed Capital founder and managing partner Doug Lake tells Mergers & Acquisitions. Godspeed is a lower middle-market defense and government services and technology focused PE firm that has offices in Washington, D.C. and Palm Beach, Fla.
On Wednesday, Godspeed-backed Huckabee Architects acquired Rachlin Partners. Rachlin, headquartered in Culver City, Calif., offers design, planning and construction services for education, healthcare, and government facilities across Southern California. Huckabee is an architecture and engineering firm based in Fort Worth, Texas.
Lake says Huckabee is not done making acquisitions. The company will look for more deals in California as well in Florida that will expand its services in the healthcare and government services sectors.
Contact Lake at [email protected].
