Investment Summary

Good Springs Capital Invests In Tectonic

On October 30, 2024, private equity firm Good Springs Capital invested in engineering company Tectonic

Investment Highlights
  • This is Good Springs Capital’s 1st transaction in the Engineering sector.
  • This is Good Springs Capital’s 2nd transaction in the United States.
  • This is Good Springs Capital’s 1st transaction in New York.

Investment Summary

Date 2024-10-30
Target Tectonic
Sector Engineering
Investor(s) Good Springs Capital
Deal Type Stake Purchase
Advisor(s) Environmental Financial Consulting Group (Financial)
Troutman Pepper Hamilton Sanders (Legal)

Target

Tectonic

Mountainville, New York, United States
Tectonic is a multi-disciplined engineering firm focused on the transportation, telecommunications, energy, and water infrastructure end markets. The Company's offerings, which include engineering and design, environmental and regulatory permitting, construction management, special inspections and materials testing, and surveying, allow it to support public and private sector clients throughout the project lifecycle. Tectonic was established in 1986 and is based in Mountainville, New York.

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Investor(S) 1

DESCRIPTION

Good Springs Capital is a private equity firm focused on acquiring majority positions in mid-sized industrials and services oriented companies throughout the US. Good Springs looks to commit $50 to $150 million in profitable businesses with $10 to $40 million of EBITDA. The Firm looks to be an active, long-term investor when partnering with target companies. Good Springs Capital was formed in 2023 and is based in New York, New York.


DEAL STATS #
Overall 2 of 2
Sector: Engineering M&A 1 of 1
Type: Stake Purchase M&A Deals 1 of 1
State: New York M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2024 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-01 Kimbel Mechanical Systems

Fayetteville, Arkansas, United States

Kimbel Mechanical Systems is a national mechanical contractor that specializes in servicing residential and commercial builders with plumbing, HVAC, and electrical needs. The company focuses on single-family projects such as mid- to large-scale developments and multi-family projects such as military housing, condominiums, hotels, tax credit housing, apartments, student housing, hospitality, and assisted living. Kimbel Mechanical Systems was formed in 1984 and is based in Fayetteville, Arkansas.

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