Engineering Resource Group Receives Strategic Investment from Godspeed Capital

Establishes ERG as Godspeed’s New Engineering, Consulting, and Design Platform Specializing in Mechanical, Electrical, and Plumbing (MEP) Services

FLOWOOD, Miss.--(BUSINESS WIRE)--Engineering Resource Group, Inc. (“ERG” or the “Company”), a leading mechanical, electrical, and plumbing (“MEP ”) engineering, consulting, and design firm, today announced that it has received a strategic investment from Godspeed Capital Management LP (“Godspeed”), a lower middle-market Defense & Government services, solutions, and technology-focused private equity firm. The financial terms of the transaction were not disclosed.

Godspeed will partner closely with ERG to establish the Company as the platform brand of a new MEP-focused engineering, consulting, and design firm across rapidly growing markets in Mississippi and the greater Southeastern United States. ERG leverages an experienced and growing workforce coupled with strategic geographic reach. Its leadership team will work closely with Godspeed to scale its presence, while continuing to serve a growing roster of public, private, and government clients.

Founded in 1989, ERG is an MEP engineering, consulting and design firm specializing in building mechanical design, energy conservation, energy analysis, energy management, control system design, building operation, maintenance, and system commissioning. The firm serves clients across the education, government, defense, energy, healthcare, industrial, commercial, and housing sectors and has built a strong reputation throughout with repeated quality and excellence. Since its founding, ERG has built a substantial portfolio of high-profile, blue-chip MEP engineering and design projects.

ERG’s Principals Chad Moore and Jason Grossi will continue to lead the Company and will retain meaningful ownership in ERG. They will be supported by long-time ERG team members in key roles. Together, the ERG team will work with Godspeed to continue to bring best-in-class service to its existing customers, broaden the firm’s key MEP engineering and design offerings, grow its service region, and expand its client base to bring its leading solutions to new customers.

“We are pleased to find a like-minded partner in Godspeed, who is committed to our long-term vision for ERG and furthering our growth,” said Chad Moore, Co-Owner and Principal of ERG. “Our number one priority is continuing to provide leading MEP engineering and design solutions to our customers, and Godspeed’s capital resources and expertise in building and scaling engineering firms serving public and private sectors provide us with the necessary tools to further grow our capabilities across existing and new clients.”

“For over 35 years, ERG has built a strong reputation as a regional leader in MEP engineering, consulting, and design services thanks to its strong culture, project excellence, and exceptional client service,” said James Reid, Principal at Godspeed. “We are pleased to welcome Chad, Jason and their talented team to the Godspeed family and look forward to working together to grow the capabilities and scope of the Company.”

“Godspeed could not be a better partner for our next phase of growth, as they fully appreciate and understand our track record of distinction and accomplishments across the region,” said Jason Grossi, Co-Owner and Principal of ERG. “We look forward to working with the Godspeed team to expand our capabilities without compromising the values and culture that have positioned us as a market leader.”

ERG marks Godspeed’s eleventh platform investment since the firm’s inception in 2021. ERG is the fifth leading brand that Godspeed has partnered with focused on engineering, each of which brings unique areas of focus operating at the intersection of the public and private sectors.

PSMJ Resources, Inc. served as the exclusive financial advisor to ERG. Baker, Donelson, Bearman, Caldwell & Berkowitz P.C. acted as ERG’s legal advisor. Moore & Van Allen PLLC acted as legal advisor to Godspeed.

About Engineering Resource Group, Inc.

Engineering Resource Group, Inc. is a leading mechanical, electrical, and plumbing (“MEP”) engineering, consulting, and design firm, specializing in building mechanical design, energy conservation, energy analysis, energy management, control system design, building operation, maintenance, and system commissioning. Headquartered in Flowood, Mississippi, with an additional location in Biloxi, Mississippi, ERG was founded in 1989 by two future ASHRAE society presidents. Today, the Company boasts an experienced workforce across multiple disciplines. The firm has a track record of excellence serving clients across the education, government & defense, energy, healthcare, industrial, and commercial sectors. For more information, please visit the ERG website at https://ergms.com/.

About Godspeed Capital Partners

Godspeed Capital is a lower middle-market Defense & Government services, solutions, and technology-focused private equity firm that invests 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.godspeed.com.