Adds Transportation Security Expertise and Cutting-Edge Technology to Growing Air Transportation Consulting and Engineering Platform

BNP Associates, Inc. (“BNP” or the “Company”), a leading air transportation, supply chain and logistics design and engineering firm backed by Godspeed Capital Management LP (“Godspeed Capital”), today announced the acquisition of Studdiford Technical Solutions, LLC (“STS” or the “Firm”), a consulting firm specializing in airport systems development and transportation security. The acquisition of STS strengthens BNP’s terminal design capabilities and equips it with unique expertise and innovative technology offerings to continue to deliver advanced solutions to its global customer base.

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STS was founded by Larry Studdiford in 2015 as an innovative and specialized design and engineering firm to integrate cutting-edge technology within airport terminal design. The firm includes engineers of several disciplines, program managers, and CAD designers with over 200 years of combined experience. The firm’s reputation and collective experience are key factors in delivering successful outcomes through all project phases, including design, project management, and commissioning for repeat government and private customers across the United States. Through this acquisition, BNP will further enhance its offerings for the platform’s existing aviation clients while adding key contracts and customer sets, including the Transportation Security Administration (“TSA”) within a vital and fast-growing sector.

“We look forward to welcoming STS as we seek to augment BNP’s offerings in the aviation design market with unique and differentiated services for clients across the industry,” said Damien Breier, CEO of BNP. “STS has a strong portfolio of successful projects completed at airports across the country for clients like TSA, global architectural/engineering (A/E) firms, and leading airline carriers like American and Southwest Airlines. We look forward to their close collaboration across our growing platform.”

“We have prided ourselves on our ability to evolve our capabilities to meet the changing needs of clients from baggage handling systems to security and compliance,” said Larry Studdiford, Founder and Principal Owner of STS. “I am excited for the next evolution of STS and eager to work with Damien and the BNP team to integrate our capabilities and enhance our services for existing and new customers.”

“We’re incredibly excited to be partnering with STS, a proven innovator and leader in the aviation consulting industry,” said James Reid, Principal at Godspeed Capital. “This partnership with STS will add new customers and airport domains to the BNP portfolio, specifically airport security through projects with the TSA. We see the addition of STS and the impressive team of experts that Larry has assembled over the last decade as an important step forward in building BNP into a leading air transportation design and engineering platform.”

STS marks BNP’s second transaction following its acquisition of Establish earlier this year. BNP launched as Godspeed Capital’s 8^th dedicated platform brand in the fall of 2024.

About Studdiford Technical Solutions, LLC

Studdiford Technical Solutions, LLC (“STS”) specializes in aviation technology, specifically in baggage and material handling, and checked baggage screening. STS provides services at every point across the project lifecycle, from planning to detailed design, installation oversight, commissioning, integration, close-out, and transition, depending on the needs of the program. Through planning, design, program, project, contract and construction management, commissioning services and overall baggage handling system (“BHS”) subject matter expertise, STS has the tools and experience to successfully guide projects through a changing marketplace. For more information, please visit www.studdifordtech.com.

About BNP Associates, Inc.

BNP Associates, Inc. (“BNP”) is a full-service air transportation, supply chain and logistics consulting and engineering firm focused on airport infrastructure projects across the globe. Headquartered in Fairfield, CT, BNP has proudly served its clients since 1971, executing thousands of projects throughout the world to ensure reliability, efficiency, and effectiveness in the air transportation market. For more information, please visit www.bnpassociates.com.

About Godspeed Capital

Godspeed Capital is a lower middle-market Defense & Government services, solutions, and technology-focused private equity firm investing alongside forward-thinking management teams that seek an experienced and innovative investment partner with unique sector expertise, operational insight, and flexible capital for growth. While a typical investment will involve companies generating approximately $3 million to $30 million of EBITDA, Godspeed Capital has significant support to complete larger transactions through strategic co-invest relationships. The firm focuses on control buyouts, buy-and-builds, corporate carve-outs, and special situations. For more information, please visit the Godspeed Capital website at www.godspeed.com.

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