Stengel Hill Architecture – a full-service architecture and interior design firm specializing in complex healthcare facilities – recently announced that it has received a strategic investment from Godspeed Capital Management LP, a lower middle-market Defense & Government services, solutions, and technology-focused private equity firm. Through this funding round, Godspeed Capital will partner with SHA leadership to establish a leading architectural, engineering, and consulting (AEC) services platform with a core focus on serving the U.S. healthcare facilities market through organic expansion and strategic add-on acquisitions.
SHA is the most significant architectural firm in Kentucky, and it ranks among the nation’s 25 largest healthcare design firms. Launched in 1996, SHA comprises an 80-person team licensed to practice architecture in 41 states and the District of Columbia. The firm designs acute and behavioral healthcare facilities for a client base representing blue-chip healthcare institutions. It has built a stellar reputation for expertise and client satisfaction. Plus, SHA is a leading national player in the behavioral and acute healthcare services sectors, both experiencing a notable level of investment in developing healthcare facilities to meet heightened market demand.
SHA’s existing management team and Godspeed Capital will work to expand the firm’s geographic footprint in key markets like Florida, Texas, and California and diversify SHA’s service offerings. And in turn, Godspeed Capital plans to formalize and expand SHA’s business development function as it penetrates new markets and forges relationships to broaden SHA’s recruitment pipeline. The current SHA leadership and management team will remain intact and retain a significant equity position.
KEY QUOTES:
“We are thrilled to partner with Godspeed Capital, whose significant experience working with management teams to build AEC platforms for public and private clients will enable us to expand our talent pipeline, increase our offerings to our current customers, and diversify our client portfolio as we continue to expand into new geographic markets. We are eager to partner with Godspeed Capital, whose deep expertise and resources will accelerate our platform’s exciting growth trajectory.”
— Brad Stengel and Chip Hill, Co-Founders of SHA
“We are pleased to establish Stengel Hill Architecture as Godspeed’s new AEC platform focused on the U.S. healthcare facilities market. As the leading player in key, growing healthcare markets with a diverse set of highly specialized and sought-after architectural and design capabilities, we believe SHA is well-positioned to capitalize on attractive market tailwinds and has a notable opportunity to disrupt the highly fragmented market and emerge as the one-stop platform for public and private clients’ healthcare design needs. We look forward to working with Brad, Chip, and the entire SHA team to further accelerate the company’s organic growth strategy and to pursue complementary add-on acquisition targets in strategic markets and add meaningful value to the platform.”
— Douglas T. Lake Jr., Founder and Managing Partner of Godspeed Capital
“Federal, State, and Local governments are significant players in the healthcare market with increasingly more policy attention and budget dollars being placed on ensuring robust access to healthcare services and treatment. SHA’s specialization in healthcare facility design is deeply aligned with Godspeed Capital’s investment focus on the government services and critical infrastructure sector. We believe SHA’s strong client relationships in key markets and proven track-record, combined with Godspeed Capital’s development expertise, will position the platform to quickly become a top ten healthcare design firm in the U.S.”
— Ahmed Abdel-Saheb, Partner at Godspeed
