M&A Deal Summary

Brightstar Capital Partners Acquires Stratus Group

On July 1, 2024, private equity firm Brightstar Capital Partners acquired engineering company Stratus Group from Godspeed Capital Management

Acquisition Highlights
  • This is Brightstar Capital Partners’ 1st transaction in the Engineering sector.
  • This is Brightstar Capital Partners’ 14th transaction in the United States.
  • This is Brightstar Capital Partners’ 2nd transaction in Pennsylvania.

M&A Deal Summary

Date 2024-07-01
Target Stratus Group
Sector Engineering
Buyer(s) Brightstar Capital Partners
Sellers(s) Godspeed Capital Management
Deal Type Secondary Buyout
Advisor(s) Houlihan Lokey (Financial)
Latham & Watkins (Legal)

Target

Stratus Group

Coraopolis, Pennsylvania, United States
Stratus is an engineering, architecture, and consulting platform firm that provides global design services and solutions to both public and private sector clients, but with a strategic focus on serving the high-growth economies of the Southeastern United States. Stratus Group is based in Coraopolis, Pennsylvania.

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Buyer(S) 1

Buyer
DESCRIPTION

Brightstar Capital Partners is a middle-market private equity firm focused on partnering with closely held and family-owned companies. Sectors of interest include business services, consumer products/services, and industrials. Brightstar Capital Partners was established in 2015 and is based in New York City.


DEAL STATS #
Overall 15 of 16
Sector (Engineering) 1 of 1
Type (Secondary Buyout) 5 of 5
State (Pennsylvania) 2 of 2
Country (United States) 14 of 15
Year (2024) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-02-13 Gateway Dealer Network

Valley Park, Missouri, United States

Gateway Dealer Network is a provider of industrial equipment that operates principally as a provider of Bobcat-branded industrial equipment across a footprint of 31 locations in 10 states throughout the Midwest, Southeast, and Western US. In addition to operating as a dealer of new and used equipment, the Company provides parts and services for industrial equipment and maintains a rental fleet. Gateway Dealer Network is based in Valley Park, Missouri.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-08-07 Best Choice Roofing

Hendersonville, Tennessee, United States

Best Choice Roofing provides a comprehensive range of services including roof inspections, repairs, and replacements. Best Choice Roofing was founded in 2009 and is based in Hendersonville, Tennessee.

Buy -

Seller(S) 1

DESCRIPTION

Godspeed Capital Management is a private equity firm focused on the defense and government services sectors. The Firm targets control investments in lower middle-market, profitable ($3 to $30 million of EBITDA) businesses where it can work alongside management to grow companies. Specific areas of interest include IT, cybersecurity, logistics, space, intelligence, and engineering. Godspeed Capital Management was formed in 2021 and is headquartered in Washington DC.


DEAL STATS #
Overall 9 of 9
Sector (Engineering) 4 of 4
Type (Secondary Buyout) 2 of 2
State (Pennsylvania) 1 of 1
Country (United States) 9 of 9
Year (2024) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-24 IDCUS

Houston, Texas, United States

IDCUS is a professional engineering and consulting firm specializing in transportation, public infrastructure development, and management services. IDCUS was founded in 2003 and headquartered in Houston, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-09-25 BNP Associates

Denver, Colorado, United States

BNP Associates is a full-service air transportation consulting and engineering firm focused on airport infrastructure projects globally. BNP Associates was founded in 1971 and is based in Denver, Colorado.

Buy -