Tectonic Gains Investment from Good Springs Capital
Deal News | Nov 07, 2024 | Ropes & Gray
Good Springs Capital LP, a New York-based private investment firm, has made an investment in Tectonic Engineering Consultants, Geologists & Land Surveyors, D.P.C, and affiliates. The investment, which was finalized as per the announcement on October 30, positions Good Springs to hold a control stake in the company, which is recognized for its expertise in transportation, telecommunications, energy, and water infrastructure markets. Ropes & Gray, a prominent law firm, represented Good Springs Capital in this transaction. The companies involved have not disclosed the financial terms. The investment aligns with Good Springs' strategy of targeting middle-market companies led by founders and entrepreneurial groups. A comprehensive legal team from Ropes & Gray contributed to the transaction, specializing in fields encompassing private equity, tax, executive compensation, employment, finance, healthcare, IP transactions, litigation, and real estate.
Sectors
- Engineering and Construction
- Private Equity
- Professional Services
Geography
- United States – Good Springs Capital is based in New York, and the transaction involves a US-based engineering firm, Tectonic Engineering.
Industry
- Engineering and Construction – Tectonic Engineering operates within the engineering sector, focusing on infrastructure markets.
- Private Equity – Good Springs Capital, a private investment firm, is investing in middle-market companies, a typical activity within the private equity industry.
- Professional Services – Ropes & Gray provided legal advisory services for the transaction, which falls under professional services.
Financials
- Not disclosed – The financial terms of the investment were not disclosed.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Good Springs Capital LP | Investor | Company | A private investment firm focused on control investments in middle-market companies. |
| Tectonic Engineering Consultants, Geologists & Land Surveyors, D.P.C. | Target Company | Company | A multi-disciplined engineering firm involved in infrastructure markets. |
| Ropes & Gray | Legal Advisor | Company | A law firm representing Good Springs Capital in the transaction. |
| Carolyn Vardi | Private Equity Partner | Person | A member of Ropes & Gray's legal team for the transaction. |
| Tristan Evans-Wilent | Tax Partner | Person | A member of Ropes & Gray's legal team for the transaction. |
| Allie Alperovich | Executive Compensation & Employee Benefits Partner | Person | A member of Ropes & Gray's legal team for the transaction. |
| Greg Demers | Employment Partner | Person | A member of Ropes & Gray's legal team for the transaction. |
| Greg Bauer | Finance Partner | Person | A member of Ropes & Gray's legal team for the transaction. |
| Christina Bergeron | Health Care Partner | Person | A member of Ropes & Gray's legal team for the transaction. |
| Brett Friedman | Health Care Partner | Person | A member of Ropes & Gray's legal team for the transaction. |
| Jordan Altman | IP Transactions Partner | Person | A member of Ropes & Gray's legal team for the transaction. |
| Alex Simkin | Litigation & Enforcement Partner | Person | A member of Ropes & Gray's legal team for the transaction. |
| David Kaye | Real Estate Partner | Person | A member of Ropes & Gray's legal team for the transaction. |