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Godspeed Capital-Backed Infrastructure Consulting & Engineering Announces Strategic Partnership with IDCUS Inc.

First Addition to Godspeed’s Transportation Design, Engineering, and Consulting Platform, ICE USA, Strengthens Presence in the Highly Strategic and Attractive Texas Market

Godspeed Capital Management LP (“Godspeed”), a lower middle market Defense & Government services, solutions, and technology focused private equity firm, today announced the acquisition of IDCUS Inc. (“IDCUS”) under ICE USA, its transportation-focused engineering and consulting services and solutions platform holding company. The transaction marks the first addition to Godspeed’s expanding ICE USA platform and deepens its planning, civil engineering, and construction management capabilities for public works and transportation agency customers within the highly attractive Texas market.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240424913384/en/

Founded in 2003 and headquartered in Houston, Texas, IDCUS is a premier professional services, civil engineering, and consulting firm specializing in public infrastructure development and management services for transportation customers including the Texas Department of Transportation, counties and municipalities, toll road authorities, and transit authorities. The addition of IDCUS brings nearly 90 highly-skilled engineers and consultants to the ICE USA platform, including its tenured leadership team which will remain with IDCUS following the transaction and continue to lead the business. IDCUS will operate side-by-side with Infrastructure Consulting & Engineering (“ICE”), Godspeed’s inception platform investment, under the ICE USA platform.

“This transaction represents an important step for ICE USA as we continue to build out our transportation engineering capabilities to better support our public and private customers and projects,” said Douglas T. Lake Jr., Founder & Managing Partner of Godspeed Capital. “The addition of IDCUS and its talented team of engineers and consultants to ICE USA will further strengthen our platform’s collective ability to provide stellar services to our customers in Texas and across the Southeastern U.S. We look forward to working with the IDCUS team as we continue to build our platform and support new and greater infrastructure projects across the region.”

“Partnering with ICE USA is an exciting new step for the IDCUS team, and we look forward to working as a part of the expanded platform to continue providing exemplary service to our longtime clients across Texas,” said Larry Janak, PE, President & CEO of IDCUS. “We are confident that this partnership is an outstanding cultural fit, and that our team’s expertise will strategically complement ICE’s robust resources and capabilities, enabling the platform to offer its customers an unparalleled suite of transportation engineering services.”

Latham & Watkins LLP acted as legal advisor and AEC Advisors LLC acted as financial advisor to Godspeed Capital.

About IDCUS

IDCUS is a premier professional engineering and consulting firm specializing in transportation, public infrastructure development, and management services. Founded in 2003 and headquartered in Houston, Texas with additional offices in San Antonio and Austin, IDCUS serves strategic transportation customers across the state of Texas. For more information, please visit www.idcus.com.

About Infrastructure Consulting & Engineering

Aligned with IDCUS under the ICE USA platform, Infrastructure Consulting & Engineering (ICE) is a full-service transportation consulting and design firm focused on public infrastructure projects in the Southeastern U.S. Founded in 2013 and headquartered in Columbia, South Carolina, ICE maintains 23 offices across states including North and South Carolina, Georgia, Florida, Louisiana, Texas, Virginia, and West Virginia and consistently ranks among the top transportation design firms nationwide. For more information, please visit www.ice-eng.com.

About Godspeed Capital Partners

Godspeed Capital is a lower middle-market Defense & Government services, solutions, and technology focused private equity firm investing alongside forward-thinking management teams that seek an experienced and innovative investment partner with unique sector expertise, operational insight, and flexible capital for growth. While a typical investment will involve companies generating approximately $3 million to $30 million of EBITDA, Godspeed Capital has significant support to complete larger transactions through strategic co-invest relationships. The firm focuses on control buyouts, buy-and-builds, corporate carve-outs, and special situations. For more information, please visit the Godspeed Capital website at www.godspeedcm.com.

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