Key Takeaways
- • Godspeed Capital has acquired GreenVest, a Bowie, Md.-based environmental services company, to form a new environmental platform; terms were not disclosed.
- • GreenVest restores wetlands, streams and other natural areas and helps public and private customers meet environmental permitting and regulatory requirements across Mid-Atlantic and Northeastern watersheds.
- • GreenVest is a platform investment from Godspeed's third fund, following JP Donovan Construction and GALT Aerospace.
- • Brett Berkley, previously senior vice president, has been named CEO of GreenVest.
- • Godspeed partner James Reid said the firm plans to pursue organic growth and acquisitions that expand GreenVest's geography, services and customer relationships.
Summary
Godspeed Capital has acquired GreenVest to form a new environmental platform, according to the firm's announcement. Terms of the transaction were not disclosed. GreenVest is headquartered in Bowie, Md., with offices in Baltimore and Tranquility, N.J.
The company restores wetlands, streams and other natural areas, and it helps public and private customers satisfy environmental permitting and regulatory requirements. Its service lines include compensatory wetland and stream mitigation, stormwater management, water quality improvement, nature-based resilience projects and environmental consulting. The company operates across Mid-Atlantic and Northeastern watersheds.
GreenVest is a platform investment from Godspeed's third fund, which previously backed JP Donovan Construction and GALT Aerospace. Godspeed invests in lower middle-market defense and government services and technology companies with $3 million to $30 million of EBITDA. Brett Berkley, previously senior vice president at the company, has been named chief executive officer.
Godspeed partner James Reid said the firm plans to invest in organic growth and acquisitions that expand GreenVest's geography, services and customer relationships. The strategy suggests a buy-and-build approach for the new platform, with add-on acquisitions intended to broaden its regional footprint and service offering.
The company restores wetlands, streams and other natural areas, and it helps public and private customers satisfy environmental permitting and regulatory requirements. Its service lines include compensatory wetland and stream mitigation, stormwater management, water quality improvement, nature-based resilience projects and environmental consulting. The company operates across Mid-Atlantic and Northeastern watersheds.
GreenVest is a platform investment from Godspeed's third fund, which previously backed JP Donovan Construction and GALT Aerospace. Godspeed invests in lower middle-market defense and government services and technology companies with $3 million to $30 million of EBITDA. Brett Berkley, previously senior vice president at the company, has been named chief executive officer.
Godspeed partner James Reid said the firm plans to invest in organic growth and acquisitions that expand GreenVest's geography, services and customer relationships. The strategy suggests a buy-and-build approach for the new platform, with add-on acquisitions intended to broaden its regional footprint and service offering.
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