M&A Deal Summary

Stratus Group Acquires Ascent Engineering Group

On October 12, 2022, Stratus Group acquired business services company Ascent Engineering Group from Godspeed Capital Management

Acquisition Highlights
  • This is Stratus Group’s 1st transaction in the Business Services sector.
  • This is Stratus Group’s 3rd transaction in the United States.
  • This is Stratus Group’s 2nd transaction in Virginia.

M&A Deal Summary

Date 2022-10-12
Target Ascent Engineering Group
Sector Business Services
Buyer(s) Stratus Group
Sellers(s) Godspeed Capital Management
Deal Type Merger

Target

Ascent Engineering Group

Roanoke, Virginia, United States
Ascent Engineering Group is an engineering & consulting firm that specializes in the engineering and design of mechanical, electrical, and plumbing (“MEP”) systems for K-12, Higher Education, Healthcare, and State & Local Government clients. Ascent Engineering Group was founded in 1959 and is based in Roanoke, Virginia.

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Buyer(S) 1

Buyer

Stratus Group

Coraopolis, Pennsylvania, United States

Category Company
Sector Engineering
DESCRIPTION

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.


DEAL STATS #
Overall 3 of 5
Sector: Business Services M&A 1 of 1
Type: Merger M&A Deals 3 of 3
State: Virginia M&A 2 of 2
Country: United States M&A 3 of 5
Year: 2022 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-12 Prime Engineering

Atlanta, Georgia, United States

Prime Engineering is a provider of architecture, engineering, surveying, and construction management services to a variety of public, private, and government clients across the United States. Prime Engineering was founded in 1990 and is headquartered in Atlanta, Georgia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-24 Morris & Associates Engineers

Cypress, Texas, United States

Morris & Associates, Engineers is specializes in the design, permitting, and construction administration of fuel systems for retail, fleet, institutional and municipal facilities, it also offers a broad range of services including architecture design support, entitlements, land planning, site development, enterprise drone surveying, and expert witness services. Morris & Associates, Engineers is based in Cypress, Texas.

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 6 of 10
Sector: Business Services M&A 1 of 1
Type: Merger M&A Deals 6 of 7
State: Virginia M&A 2 of 2
Country: United States M&A 6 of 10
Year: 2022 M&A 6 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-12 Prime Engineering

Atlanta, Georgia, United States

Prime Engineering is a provider of architecture, engineering, surveying, and construction management services to a variety of public, private, and government clients across the United States. Prime Engineering was founded in 1990 and is headquartered in Atlanta, Georgia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-05-22 Zyscovich

Miami, Florida, United States

Zyscovich is a provider of urban planning, architecture, interior design, and landscape architecture. Zyscovich's broad range of experience includes large-scale mixed-use, transportation, educational, federal, commercial, retail, and multi-family residential, and hospitality projects. Zyscovich was founded in 1977 and is based in Miami, Florida.

Sell -