TRANSACT IONS GODSPEED CAPITAL ACQUIRES
and completing complex, award-winning projects. Brockenbrough was also recently highlighted as a Best Place to Work by the Virginia Business Magazine as well as a Top Workplace by the Richmond Times . Bob Polino, Brockenbrough’s managing partner said, “We are thrilled to partner with Godspeed Capital and Prime to establish Prime ABA, which will expand and enhance the combined companies’ expertise, client relationships, geographic reach, past performance and qualifications, and our already broad range of client services. This investment will solidify Brockenbrough’s client-focused culture of excellence and provide expanded opportunities for increased responsibilities and professional growth for our team.” Brockenbrough will remain headquartered in Richmond, Virginia. The company will continue to be led by its leadership team, which participated in the transaction and creation of Prime ABA alongside Godspeed Capital. Douglas Lake, Jr., founder and managing partner of Godspeed Capital said, “The Godspeed Capital team is honored to partner with the fourth generation of Brockenbrough ownership since its founding in 1955. We intend to further the growth and success of the Brockenbrough legacy by fostering its entrepreneurial culture and continuing to invest in their people, client service, and innovative capabilities. We look forward to building upon Prime ABA’s exceptional foundation established with Brockenbrough and Prime to capitalize on the significant growth opportunities in the markets we serve.” Austin Brockenbrough & Associates is a full- servicearchitecture, engineering, andsurveying
services firm serving federal, state, and municipal government clients. Headquartered in Richmond, Virginia, Brockenbrough employs over 40 employees and serves clients globally. The company offers civil, mechanical, electrical, and structural engineering, as well as architecture, land surveying, and subsurface utility engineering services. Areas of specialization include transportation, water/ wastewater treatment, petroleum/fuel storage and distribution, utilities, building systems, and site development. Brockenbrough’s commitment to providing quality, integrity, and value in the services offered is deeply rooted in the company’s culture and will remain a cornerstone of the Brockenbrough model going forward. The company genuinely believes there is no substitute for a continued commitment to excellence and innovation. It is what Brockenbrough was built on and is critical to the success of the company. Prime ABA is a multi-disciplinary engineering and consulting services growth platform providing a full continuum of architecture, design, engineering, surveying, consulting, and construction management services globally to a wide range of public and private sector clients with a focus on addressing the fundamental and growing demand for infrastructure services and solutions. Prime ABA employs more than 120 people and addresses the most complex and critical projects for their clients across five strategically located offices domestically. The group is a nationally recognized leader in the engineering and consulting sector and has a long legacy of providing high quality and value-added services to clients while espousing a rich entrepreneurial culture focused on exceeding client expectations.
Godspeed LP announced the successful acquisition of Austin Brockenbrough & Associates, LLC , a premier architecture, engineering, and surveying company which supports federal, state, and municipal government clients. Capital The newly acquired company will join Godspeed Capital’s existing portfolio company, Prime Engineering, Inc., under a newly formed multi-disciplinary engineering and consulting services growth platform called Prime ABA, LP . Prime ABA will provide a full continuum of architecture, design, engineering, surveying, consulting, and construction management services to a wide range of public and private sector clients, addressing the fundamental and growing demand for infrastructure services and solutions. Founded in 1955 and headquartered in Richmond, Virginia, Brockenbrough is a leading engineering and architecture company with over six decades of experience supporting its core U.S. Department of Defense and Virginia State and Municipal Government clients, among others. Today, the company offers civil, mechanical, electrical, and structural engineering, as well as architecture, land surveying, and subsurface utility engineering services. Areas of specialization include transportation, water/ wastewater treatment, petroleum/fuel storage and distribution, utilities, building systems, and site development. Brockenbrough employs a seasoned staff of more than 40 licensed engineers, architects, LEED accredited personnel, and support staff. The company boasts an accomplished track record of spearheading
TZL: A firm’s longevity is valuable. What are you doing to encourage your staff to stick around? TM: One of my business partners is fond of the phrase “building a career.” We certainly want this to be such a place for all our employees. As we’ve grown in size, we’ve changed in many ways – recognizing the need for a hierarchal structure (i.e., positions that can be attained with experience and talent), promoting the importance of mentorship/training, and creating opportunities for relationship-development among us. “When a business leader’s exit creates opportunity for others in the organization to lead, you have the structure to succeed. A clear challenge is to promote and cultivate leadership potential in high-performers before an exit occurs.”
COLLABORATOR, from page 7
manual ink drafting on mylar. Now, our young people are rendering our designs using software that incorporates three dimensions (but they don’t get to use the electric erasing machine that I had!). Another huge change is the massive development of codes (building, electrical, mechanical, and energy). While the buildings we design are safer than ever (these codes often drive our design process), engineers have to be good “critical readers” to navigate the challenges of code-compliant design. TZL: Ownership transition can be tricky, to say the least. What’s the key to ensuring a smooth passing of the baton? What’s the biggest pitfall to avoid? TM: Over my time of employment here, I’ve witnessed the retirement of three company presidents and growth from 13 to 300 employees. When a business leader’s exit creates opportunity for others in the organization to lead, you have the structure to succeed. A clear challenge is to promote and cultivate leadership potential in high- performers before an exit occurs (planned or unplanned).
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THE ZWEIG LETTER JULY 26, 2021, ISSUE 1401
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