Construction Growth Capital Investments in 2022
Acquisition Volume in Construction Growth Capital Investments in 2022 by Year
Last 5 years
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December 22, 2022
- Buyer
- Hastings Equity Partners
- Target
- GridSource, Inc.
- Industry
- Construction
- Location
- Louisiana, United States
- Type
- Growth capital
Hastings Equity Partners has made a Fund V platform investment in GridSource, a Baton Rouge-based utility contractor, with founder Dusty Johnson retaining significant ownership and remaining active in management. Hastings said the investment will provide resources to grow GridSource’s telecom and gas infrastructure services to capitalize on accelerating broadband/fiber deployment and upcoming federal funding for broadband.
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November 17, 2022
- Buyer
- PSG, 97212 Ventures
- Target
- Beti
- Industry
- Construction
- Location
- Israel
- Type
- Growth capital
Beti, a Tel Aviv–based cloud construction site management software provider, raised an $11 million strategic growth round led by PSG with participation from 97212 Ventures. The funding will support Beti's product development and accelerate its U.S. expansion following the opening of a Brooklyn office, while continuing to serve its Israeli customer base.
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November 14, 2022
- Buyer
- City Rise Safety, Lineage Capital
- Target
- BATS Traffic Solutions Inc.
- Industry
- Construction
- Location
- California, United States
- Type
- Growth capital
City Rise Safety and BATS Traffic Solutions have merged to form Northern California's largest full-service traffic control provider, combining more than 500 traffic technicians. Boston-based private equity firm Lineage Capital made a minority investment to facilitate the combination and support future growth.
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November 10, 2022
- Buyer
- Rotunda Capital Partners
- Target
- U.S. Waterproofing
- Industry
- Construction
- Location
- Illinois, United States
- Type
- Growth capital
Rotunda Capital Partners has made its first investment from Fund III in U.S. Waterproofing, a Chicagoland residential basement waterproofing and foundation repair provider. Founder/owner Matt Stock will remain CEO as Rotunda backs the company’s organic growth and plans to deploy an acquisition (roll-up) strategy to expand the platform nationally.
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November 7, 2022
- Buyer
- Tenex Capital Management
- Target
- Rose Paving LLC
- Industry
- Construction
- Location
- Illinois, United States
- Type
- Growth capital
Tenex Capital Management has made an investment in Rose Paving LLC, a Bridgeview, Illinois-based national provider of parking lot maintenance and rehabilitation services. The investment is intended to accelerate Rose's growth — both organically and via acquisitions — by providing capital and operational support.
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September 14, 2022
- Buyer
- The Cranemere Group
- Target
- System Pavers
- Industry
- Construction
- Location
- California, United States
- Type
- Growth capital
The Cranemere Group has partnered with System Pavers, a Santa Ana–based direct-to-consumer outdoor living design and installation company. The transaction provides System Pavers with permanent capital to support geographic expansion and an expanded product offering while founders and management retain a significant ownership stake.
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July 11, 2022
- Buyer
- Copley Equity Partners
- Target
- Roof Depot
- Industry
- Construction
- Location
- Georgia, United States
- Type
- Growth capital
Copley Equity Partners, a Boston-based private investment firm, has made a growth capital investment in Roof Depot, a commercial and residential roofing services provider headquartered in Alpharetta, Georgia. The undisclosed investment will support Roof Depot's acceleration of growth, investment in operations and people, and pursuit of geographic expansion and opportunistic acquisitions.
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- Buyer
- Bluestem Equity, Ltd.
- Target
- Tridom Holdings, LLC
- Industry
- Construction
- Location
- Texas, United States
- Type
- Growth capital
Houston-based private investment partnership Bluestem Equity, Ltd. completed a strategic growth investment in Tridom Holdings, a San Antonio-based commercial and residential roofing and waterproofing contractor. The capital will support Tridom's expansion of services, geographic growth, and continued investment in operations and maintenance capabilities.
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March 29, 2022
- Buyer
- Bertram Capital
- Target
- TSR Concrete Coatings
- Industry
- Construction
- Location
- Illinois, United States
- Type
- Growth capital
Bertram Capital has made a growth investment in Lena, Illinois-based TSR Concrete Coatings, a residential concrete floor coating and installation company. The partnership will leverage Bertram's in-house technology team, Bertram Labs, to augment TSR's digital capabilities and support the company's next phase of growth; terms were not disclosed.
-
- Buyer
- DCA Partners
- Target
- The Maloney Group
- Industry
- Construction
- Location
- California, United States
- Type
- Growth capital
DCA Partners, a Roseville-based private equity firm, has made a majority growth-equity investment in The Maloney Group, a Stockton-based demolition and remediation contractor. The Maloney Group's founders will remain in place as the company uses DCA's capital to expand across Northern California and pursue opportunities tied to federal infrastructure spending.
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February 2, 2022
- Buyer
- MPK Equity Partners
- Target
- PatchMaster
- Seller
- Existing shareholder group led by Michael Abdy
- Industry
- Construction
- Location
- New Jersey, United States
- Type
- Growth capital
Dallas-based MPK Equity Partners made a strategic growth investment in PatchMaster, a Chester, New Jersey-based franchisor of drywall and plaster repair services. The capital will support PatchMaster’s nationwide expansion of its franchise system; existing shareholders led by Michael Abdy will retain a meaningful ownership stake and PatchMaster’s CEO Paul Ferrara will join the board alongside MPK.
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- Buyer
- Wynnchurch Capital, L.P.
- Target
- Premier Franchise Management
- Industry
- Construction
- Location
- California, United States
- Type
- Growth capital
Wynnchurch Capital made a growth investment in Premier Franchise Management, the nation’s largest residential pool-build and pool-service franchisor. The investment will support Premier’s growth plan and increase market penetration across its ~140 franchise locations operating in 38 states.
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January 21, 2022
- Buyer
- Berkshire Partners, 3Phase Elevator
- Target
- Specialized Elevator Services Holdings
- Seller
- CIVC Partners
- Industry
- Construction
- Location
- California, United States
- Type
- Growth capital
3Phase Elevator and Specialized Elevator Services Holdings have merged to create the largest nationwide independent union elevator services company in the United States. Existing 3Phase investor Berkshire Partners made a strategic growth investment in the combined company — including acquiring CIVC Partners' stake in Specialized — while management from both companies reinvested and will remain in place. The combined business will employ more than 390 International Union of Elevator Constructors members and service over 20,000 elevator and escalator units.
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