Thoma Bravo explores $2 billion-plus sale of Foundation Software, sources say
Summary
Thoma Bravo is exploring a sale of Foundation Software that could value the company at more than $2 billion. Foundation Software builds accounting, payroll, project management, and field operations software for construction contractors. The process is drawing interest from private equity firms and corporate buyers and is being run with William Blair. The deal activity reflects stronger appetite for profitable vertical software assets in the market.
AskAI Classifications
Sectors
Construction and Infrastructure
Construction Management
BIM and Building Materials
Functions
Communication and Collaboration
Business Intelligence and Analytics
General
Linked Companies
Nemetschek Group
$1M to $5M
Heavy Construction Systems Specialists LLC (HCSS)
$50M to $100M
Command Alkon
$100M to $250M