JP Donovan gets Godspeed's backing
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By
Ross Wilkers
The specialized infrastructure construction outfit is looking to further build out its delivery capacity for space and defense programs.
JP Donovan, a general contracting firm that focuses on specialized infrastructure construction, has received an investment from private equity firm Godspeed Capital Management to support the company’s space and defense growth efforts.
JP Donovan opened for business in 1998 to carry out construction, engineering, fabrication and precision machining work for projects in areas such as space infrastructure, heavy civil and design-build. The company is one of three primes on a potential three-year, $100 million contract NASA awarded in 2023 for ground support equipment for Artemis lunar missions.
In getting a new investor like Godspeed, JP Donovan is looking to further build out its infrastructure delivery capacity that includes fabrication and precision machining efforts. Financial terms of the transaction announced Monday were not disclosed.
William “Bill” Deane will continue as JP Donovan’s chief executive, a role he started in January after 22 years in federal engineering and construction. Founder John Donovan will hold a significant ownership stake in the company alongside Godspeed and is staying on as chief construction officer.
JP Donovan now becomes Godspeed’s second portfolio company focused on U.S. space programs alongside Aurex, whose core focus areas include missile defense and hypersonics.