Prime Engineering, Inc.

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Prime Engineering, Inc. - overview

Established

1990

Location

Atlanta, GA, US

Primary Industry

Business Support Services

About

Based in the US, Prime Engineering, Inc. specializes in engineering solutions, focusing on sectors like aviation, water and wastewater, oil and gas, and transportation while delivering comprehensive projects from inception to completion. Founded in 1990 and headquartered in Atlanta, US, Prime Engineering, Inc. provides engineering services across diverse sectors.


The company was acquired by Godspeed Capital on May 11, 2021, and was subsequently merged with Austin Brockenbrough & Associates, LLC under the Stratus Group. Thomas Gambino, the founder, has a history in the engineering sector, establishing a reputation for delivering effective engineering solutions. Prime Engineering, Inc. specializes in providing comprehensive engineering services across various sectors, including aviation, water and wastewater, oil and gas, and transportation.


The firm operates under the Engineering-Procurement-Construct (EPC) model, partnering with clients from initial evaluations and designing to construction closeout. Its primary goal is to enhance infrastructure solutions, such as designing and constructing deicing facilities for airports, improving municipal wastewater systems, and developing oil pipelines. The company serves a diverse clientele, including municipalities, heavy industry, and utility providers, primarily in the United States while also expanding into markets in Canada and select international locations. Prime Engineering, Inc.


generates revenue through project-based contracts with its clients, typically structured as B2B transactions. The firm engages in detailed negotiations with customers to establish project scopes and timelines, leading to fixed-price agreements or time-and-materials contracts based on project demands. Revenue streams include flagship services like complete EPC solutions, environmental assessments, and design-build services tailored to client specifications, with clients comprising government agencies, private sector companies, and utility providers who depend on Prime Engineering's expertise for high-quality projects that meet regulatory standards and operational efficiency. Following the acquisition by Godspeed Capital and the merger with Austin Brockenbrough & Associates, LLC in June 2021, Prime Engineering, Inc.


aims to leverage combined resources to enhance service offerings and pursue expansion into new markets. The company is focused on developing new engineering solutions tailored to current industry demands. Although specific products and timelines have not been disclosed, the strategic integration is expected to bolster its capabilities and expand its geographic presence beyond the US and Canada into additional international markets.


Current Investors

Primary Industry

Business Support Services

Sub Industries

Engineering

Website

www.prime-eng.com

Company Stage

Add-on

Total Amount Raised

Subscriber access only

Prime Engineering, Inc. - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
Add-onCompletedPrime Engineering, Inc.-

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