PMWeb Announces Strategic Growth Investment from Bregal Sagemount
Deal News | Nov 14, 2024 | Bregal Sagemount
PMWeb, a leading provider of software solutions for asset owners and project delivery organizations, has announced a strategic investment from Bregal Sagemount, a growth-focused private capital firm. The investment aims to accelerate PMWeb's growth both domestically and internationally through organic and M&A activities. Additionally, there will be a leadership transition, with Founder and CEO Marc Jaude becoming Chairman of the Board and Huw Roberts, a seasoned industry leader, appointed as the new CEO. PMWeb's software supports various industries by integrating asset lifecycle management, with the investment further strengthening its market position. Covington Associates and Goodwin Procter served as financial and legal advisors, respectively.
Sectors
- Software and Technology
- Construction
- Private Equity
Geography
- United States – PMWeb is headquartered in Miami, FL, and the investment is expected to enhance its domestic and international growth.
Industry
- Software and Technology – PMWeb operates in the software and technology industry, providing web-based solutions for asset management and project delivery.
- Construction – PMWeb's software supports project delivery in the construction sector, enabling complex project management across various industries.
- Private Equity – Bregal Sagemount, a private equity firm, invested in PMWeb to facilitate its growth and operational enhancement.
Financials
- Not disclosed – Terms of the investment transaction between Bregal Sagemount and PMWeb were not disclosed.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| PMWeb, LLC | Target company | Company | PMWeb is a global provider of software solutions for asset owners and project delivery organizations. |
| Bregal Sagemount | Investor | Company | Bregal Sagemount is a growth-focused private capital firm investing in PMWeb to support its expansion. |
| Marc Jaude | Former CEO, New Chairman | Person | Marc Jaude is the founder of PMWeb, transitioning from CEO to Chairman of the Board. |
| Huw Roberts | New CEO | Person | Huw Roberts is appointed as CEO of PMWeb, bringing extensive leadership experience from technology firms. |
| Covington Associates | Financial Advisor | Company | Covington Associates advised PMWeb on the financial aspects of the investment. |
| Goodwin Procter | Legal Advisor | Company | Goodwin Procter served as the legal advisor to Bregal Sagemount for this transaction. |