Aging infrastructure prompts construction management agreements
Aging infrastructure in specific regions of the United States, such as Southern California, is proliferating, perhaps unsurprisingly, private equity deals in related subsectors. What else can you add to the Privileged Sectors PE menu? Construction management. Here’s why.
“Aging infrastructure and the need to revitalize existing infrastructure and/or build new infrastructure in Southern California remains strong and is driving demand for construction management services in the region,” Godspeed Capital founder and managing partner Doug Lake recount Mergers and Acquisitions. Godspeed is a private equity firm focused on defense and government services and lower middle market technology with offices in Washington, DC and Palm Beach, Florida.
Wednesday, supported by Godspeed Huckabee Architects acquired Rachlin Partners. Rachlin, headquartered in Culver City, Calif., provides design, planning and construction services for education, healthcare and government facilities in Southern California. Huckabee is an architecture and engineering firm based in Fort Worth, Texas.
Lake says Huckabee isn’t done making acquisitions. The company will seek other offerings in California as well as Florida that will expand its services in the healthcare and government services sectors.
Contact Lac at [email protected].