Godspeed Capital Management closed its Investment Program II at $250 million in capital commitments in less than six months.
The $405 million firm, based in Washington, D.C., focuses on lower middle-market defense and government services, solutions and technology. The aim is to partner with founder- and management-owned businesses operating broadly across the defense and government services sectors.
Investors included an existing strategic partner, East Rock Capital LLC.
“We are proud to partner with these leading institutional investors and are grateful for the confidence they have placed in our team as we execute our strategy of collaborating with founders, entrepreneurs, and management teams across the defense and government services sectors,” said Douglas T. Lake Jr., founder and managing partner of Godspeed Capital. “We are thrilled with our initial investments and look forward to continuing to execute our strategy on behalf of our investors and partners and to growing our portfolio of leading companies.”
A typical investment will involve companies generating approximately $3 million to $30 million of EBITDA, but Godspeed Capital also has significant support to complete larger transactions through strategic co-invest relationships.
The firm launched in April 2021 and closed its inaugural program with $155 million. Since inception, Godspeed Capital has completed 16 acquisitions in the formation of three distinct platform investments. They include Stratus, Godspeed Capital’s multidisciplinary engineering, architecture, and consulting platform focused on federal, commercial, industrial, transportation, and municipal infrastructure markets in the Southern U.S.; SilverEdge Government Solutions, its cybersecurity, software, and intelligence solutions provider to the U.S. Intelligence Community; and MOREGroup, an architecture, design, engineering, and consulting platform focused on the education, government, healthcare, and life sciences markets.
Some of the firm’s investments are TSK Architects; Zyscovich, one of the largest Fla. Architecture, interior and urban design and consulting services; and Rachlin Partners, a fully integrated architecture, planning, program management and construction management company focused on education and government facilities in California.
