Shea & Company Advises Penta Technologies and STRUXI on their Acquisition by JDM Technology Group
Penta Technologies Profile
- Penta Technologies develops enterprise construction software and point solutions that help construction, service and engineering enterprises increase productivity
- Going beyond traditional construction ERP platforms, Penta Technologies provides a complete suite of software applications to help construction businesses manage their field labor force and eliminate paper-based field reporting; technologies include enterprise content management, project management, mobile construction software, as well as job costing software
- Penta Technologies was founded in 1991 and is headquartered in Milwaukee, WI
STRUXI Profile
- STRUXI specializes in construction labor management solutions, offering field management software and labor cost management software that help contractors effortlessly capture, track and report on labor costs
- STRUXI Field Management empowers construction teams to efficiently track and manage their labor force, gaining valuable insights into their activities and overall performance
- STRUXI Labor Cost Management enables clients to delve into the granular details of labor expenses, providing a comprehensive understanding of the actual costs associated with the workforce
- STRUXI development began in 2020 under the parent company, Penta Technologies, to streamline manual time collection and coding
JDM Technology Group Profile
- JDM Technology Group is a global software business focused on delivering B2B software systems for the architecture, engineering, construction and operations industries
- Serving over 180,000 users across 40 countries on 7 continents, JDM Technology Group offers real-time analysis tools that help the construction industry to manage their projects or dispatch and track their service technicians
- JDM Technology Group was founded in 1984 and is headquartered in Vancouver, British Columbia, Canada
“
I am proud of the companies we have built. Thanks to the dedication and efforts of our Penta and STRUXI teams, we have helped hundreds of contractors meet their business challenges head on. This next step will allow that legacy to continue.
Karl Koenig
Chairman of the Board, Penta Technologies
“
Our acquisition of Penta and STRUXI is part of our ongoing strategy to buy and build exceptional software so we can continue to provide our customers with the best possible solutions. We are pleased to welcome Penta and STRUXI to the group and we are confident that this acquisition will allow us to create new value and opportunities for its customers.
Jim McFarlane
CEO, JDM Technology Group
Transaction Notes
- Penta Technologies’ and STRUXI’s acquisition by JDM Technology Group was announced on March 6th, 2024; financial terms were not disclosed
- Shea & Company served as the exclusive financial advisor to Penta Technologies and STRUXI on the transaction