Godspeed Capital Management LP, a lower middle-market Defense & Government services, solutions, and technology focused private equity firm, announced the successful acquisition of Morris & Associates, Engineers, LLC, a Texas-based, family-owned engineering and architectural firm. Under the terms of the acquisition, Morris & Associates will join Stratus, Godspeed Capital’s multidisciplinary engineering, architecture, and consulting platform. PSMJ Resources advised Morris & Associates on the transaction.
Founded in 1960 by Don K. Morris in Houston, TX, Morris & Associates brings more than sixty years of engineering, architectural, and fuel system design expertise to Stratus. With the retirement of Don Morris in 1994, Bill Morris, his son, became President of the company. For almost 30 years, Bill, a P.E., led the firm to provide a new portfolio of expertise for clients. “I am proud to be partnering with Godspeed Capital and have a great deal of trust in their vision to provide resources, client focus and superior employee retention and engagement, said Mr. Morris.
The Company is also a leader in the development and utilization of 3D laser scanning and drone surveying to analyze sites for clients across the Department of Transportation, Department of Defense, and retail sectors. A second-generation family-owned business, Morris & Associates’ team of sixteen professionals is licensed in sixteen US states and has designed fuel infrastructure systems and obtained permits for thousands of facilities worldwide.
PSMJ Resources Senior M&A Advisor Karl Wohler advised Morris & Associates on the transaction. “We see great synergy in the addition of Morris & Associates to Godspeed's Stratus platform. The growth opportunities for key employees made this an easy decision for the Morris team,” Wohler said.
Morris & Associates is the latest acquisition for Stratus, which was formed through the alliance of four companies including Prime Engineering, Austin Brockenbrough & Associates, Ascent Engineering Group, and Zyscovich, Inc. Founded with a vision to build a diversified engineering, architecture, and consulting platform of scale, Stratus partners with businesses in the growing commercial, industrial, transportation, education, federal, state, and local government infrastructure markets to deliver innovative services and solutions to clients in the US and around the world.
Could an acquisition be the missing piece of your A/E/C firm's growth strategy? Are you unsure if such a move is even the right approach? Don't risk making a multi-million dollar mistake!
Register for PSMJ's FREE 60-minute webinar on Thursday, February 23rd at 1 PM ET: The New A/E/C M&A Playbook: Five Strategies for Best-in-Class Acquisitive Growth. When you join your colleagues, you learn:
• The right (and wrong) places to look for high quality acquisition targets
• The fastest way to evaluate the cultural fit of a target
• Critical questions that put potential deal-killers on the table early
• When, where, and how to build an integration plan that delivers real value
• Plus much more!
Whether you are an active and experienced acquirer or just starting to consider growth through acquisition, this webinar is for A/E/C CEOs, CFOs, Principals, and any firm leader involved in acquisition strategy development or execution.