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TRANSACTIONS GODSPEED CAPITAL-BACKED HUCKABEE ARCHITECTS ACQUIRES IMAGE ENGINEERING GROUP Godspeed Capital Management LP, a lower middle- market defense and government services, solutions, and technology focused private equity firm, announced the successful acquisition of Image Engineering Group, a Texas-based MEP design firm focused on sustainability in the education, commercial, and retail markets. Founded in 1991 in Westlake, Texas, IEG is a leading provider of innovative MEP design and engineering solutions. Driven by a mission to deliver sustainable, cost-effective buildings and deep expertise operating within the education, commercial, and retail architecture markets, IEG’s seasoned management team boasts a more than 30-year track record of providing environmentally friendly and cost-effective MEP solutions to education, commercial, and retail facilities across Texas and nationally. IEG will join Rachlin Partners and TSK Architects as part of Huckabee Architects, Inc., Godspeed Capital’s AEC services and solutions growth platform focused on education and government markets. Continuing Godspeed’s ongoing strategy to further grow and diversify Huckabee’s capabilities, IEG will add technology solutions, geographic and market reach, and customer relationships to the platform. Under the Huckabee umbrella, IEG will integrate its MEP engineering capabilities
to enhance the platform’s design innovation and expand the continuum of capabilities offered to Huckabee’s growing customer base. Following the transaction, IEG will continue to be led by founder, Don Penn, and president, Jonathan Penn. Chris Huckabee, CEO of Huckabee, said “We are thrilled to announce the addition of IEG to our platform, whose highly technical MEP engineering capabilities are a key area of expertise for Huckabee as we work to become a diversified, leading national AEC services platform. IEG is a recognized leader within the industry and has gained a tremendous amount of respect for their innovative engineering solutions and the premier client service that IEG’s team brings to each of its projects. We look forward to leveraging the firm’s capabilities to provide Huckabee’s clients a fully comprehensive offering of AEC services and solutions.” Don Penn, founder of Image Engineering Group, said, “We are excited to join forces with Huckabee and add new design and engineering innovations, scale, and diversity to the platform. Not only will Huckabee’s expansive AEC offerings enable us to expand our network into the growing K-12 and higher education sectors across the Southwestern U.S.; the platform will also provide us with a substantial inflow of work to backfill our business development pipeline.”
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LINDSAY YOUNG, from page 1
relationship and trust with those team members. It’s about being their support system, both professionally and personally. Every leader has a different set of strengths as well, so making sure the leadership team is comprised of a diverse group of people helps the firm grow and be more agile. Determine early what your exit strategy is and start developing your future right now. It’s never too early to start investing in your employees when it comes to leadership. Lindsay Young, CPSM is a marketing services advisor with Zweig Group and president and founder of nu marketing. She can be reached at lyoung@zweiggroup.com.
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THE ZWEIG LETTER JANUARY 9, 2023, ISSUE 1471
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