Columbia, South Carolina-based Infrastructure Consulting & Engineering, PLLC, a transportation consulting and engineering firm focused on the Southeastern United States, said it has received a strategic investment from Godspeed Capital Management LP, a lower middle-market defense and government services, solutions, and technology focused private equity firm.
Financial terms of the transaction weren’t disclosed.
Through the investment, Godspeed Capital will partner with ICE’s leadership to establish the company as the platform brand of a new transportation-focused engineering and consulting services and solutions provider focused on public infrastructure projects in the Southeastern U.S.
With decades of expertise across transportation verticals, the ICE platform will offer a full suite of transportation design, consulting, and engineering services including roadway, bridge, and structure design, construction engineering and inspection, construction/program management, surveying, civil engineering, aviation planning, foundation testing, and geotechnical, environmental, and permitting services for customers across some of the fastest-growing markets in the U.S.
Founded in 2013, ICE serves major state departments of transportation, counties, municipalities, and select private clients across the Southeastern U.S.
Over the past decade, the company has built a workforce of more than 500 professionals across 23 offices in states including North and South Carolina, Georgia, Florida, Louisiana, Texas, Virginia, and West Virginia.
ICE is consistently ranked among the top design firms in the U.S. and maintains a significant pipeline of contracted projects, with a record of successful projects to date including, but not limited to, the widening of Interstate 85, I-26, and I-95, the I-285 / I-20 East Interchange project, and the reconstruction of I-285 / SR 400 Interchange improvements in Atlanta, Georgia.
ICE’s President and Chief Executive Officer Elham Farzam, an industry veteran with more than 40 years of experience in the transportation consulting market, will continue to lead the company with his two founding partners, Peter Graf and Billy Coleman, as well as a seasoned management team.
Officials said ICE will work with Godspeed Capital to expand the platform’s geographic footprint and business development ambitions, forge new relationships in strategic markets, and broaden its service offerings through both an organic and inorganic acquisition growth strategy.
The current ICE management team will remain intact and retain a significant equity position in the platform, the officials said.