M&A advisory for ConstructionTech companies
Construction tech M&A has been steady rather than spectacular. The industry's slow adoption curve has kept revenue scale modest for most operators, but strategic acquirers - the established construction software vendors, equipment OEMs, building product strategics - and PE platforms have continued to consolidate the category, particularly around project management, estimating, BIM and field-execution software.
The strategic buyer set runs across Trimble, Autodesk, Procore and Bentley Systems on the software side, with Hilti and Caterpillar active around field tools, telematics and equipment-adjacent platforms. PE-backed construction software and project management roll-ups have been steady acquirers in the mid-market. Flow has direct relationships with corporate development at the named strategics and with the sponsor platforms most active in the category.
Flow team has relevant sector experience and has worked with construction tech companies across project management and collaboration, estimating and pre-construction, BIM and design software, field execution and equipment telematics, and modular and offsite construction technology.
"ConstructionTech" KPIs M&A buyers look at
Key metrics strategics and PE buyers look at when analayzing ConstructionTech M&A targets
Active contractors / customers
Projects on platform
Dollars under management
Software ARR
Payments / ancillary attach
Net revenue retention
Gross margin (software vs services)
CAC payback
Seat / user expansion
Bookings & backlog
ConstructionTech valuations in May 2026
Public ConstructionTech comps trade at 2.1x EV/Revenue. Median revenue multiple across ConstructionTech M&A deals was 7.6x in the last 12 months.
2.1x
Median EV/Revenue as of May 2026 for public ConstructionTech companies
4.8x
Trane Technologies is the highest valued public ConstructionTech company based on EV/Revenue (excluding outliers)
7.6x
Median EV/Revenue across ConstructionTech M&A deals in the last 12 months
3.1x
Median EV/Revenue across ConstructionTech VC rounds in the last 12 months
Key recent ConstructionTech M&A deals
$2.4B acquisition of Heavy Construction Systems Specialists by Nemetschek (build & construct unit) was the largest ConstructionTech M&A transaction completed in the last year.
See all ConstructionTech M&A deals| Logo | HQ | Description | Buyer | ||||
|---|---|---|---|---|---|---|---|
Apr-26 | Heavy Construction Systems Specialists |  | Heavy Construction Systems Specialists is a Sugar Land-based developer of construction management software. Founded in 1986, HCSS supplies fleet, operations, estimating, and accounting tools to thousands of heavy civil and highway contractors across the United States. | Nemetschek (build & construct unit) | $2.4B | 11x | |
Jul-25 | AccuLynx | | AccuLynx is a cloud platform for roofing contractors integrating CRM, sales tracking, project management, estimating, e-signatures, financing, and communications. It connects with EagleView, Hover, ABC Supply, QuickBooks, Sage Intacct, CompanyCam, and Zapier for seamless workflows. | Verisk Analytics | $2.4B | - | |
Nov-25 | LocusView Solutions | | LocusView Solutions is an Ottawa-headquartered provider of Digital Construction Management software for utility infrastructure projects. Its LocusviewBUILD product digitizes field workflows on rugged tablets, replacing paper packets with real-time data validation via GIS integration. Utilities like Hydro One and PG&E use it for gas pipeline and electric transmission builds, capturing as-builts with barcode tracking for regulatory filings. The platform connects to EAM systems like Maximo, automating closeout packages. Professional services include training for 5,000+ field crews annually. Founded in 2007, LocusView processes data from projects spanning 50,000 km of infrastructure. | Itron | $525M | - | |
Aug-25 | Drillguide |  | Drillguide provides magnetic-interference-resistant guidance systems for horizontal directional drilling in infrastructure projects. Brownline Microsystems, the Netherlands-headquartered developer, equips pilots with gyroscopic steerable drills for telecom fiber and utility installations. Drillguide achieves accuracies within centimeters over kilometer-length bores. | Halma | $174M | - | |
Sep-25 | S | Skyladder Group |  | Skyladder Group is a provider of AI-driven smart elevator services covering sales, installation, maintenance, repair, renovation, and upgrades. Headquartered in Shenzhen, China, it equips buildings with IoT sensors for predictive maintenance and energy optimization. Skyladder serves 1,000 properties in Asia, integrating with Otis and Schindler systems. | Taoping | $21M | - |
Aug-25 | Nexvia |  | - | Felix.net | $8.0M | 4.0x | |
Apr-26 | Document Crunch | | Document Crunch is a contract intelligence platform for the construction industry, using AI to analyze agreements and highlight risks like payment terms, change orders, and liabilities. Las Vegas-headquartered, it equips project owners, contractors, and lawyers with clause summaries and decision guidance across the project lifecycle. | Trimble | - | - | |
Mar-26 | Decarbonised |  | Decarbonised is a firm that analyzes energy consumption, ventilation, daylighting, and temperature control to support low-carbon building designs. | 3OU Holdings | - | - | |
Mar-26 | Rhumbix | | Rhumbix is a San Francisco-headquartered provider of mobile software for construction field operations. The platform enables paperless timekeeping, workforce management, and labor productivity tracking for contractors. Rhumbix integrates with payroll systems like Foundation and Viewpoint, serving general contractors on projects including high-rise buildings and infrastructure. Founded in 2013, the company processes millions of labor hours annually across North America and supports compliance with prevailing wage laws in states like California and New York. | Autodesk | - | - | |
Mar-26 | Drypowder | | Drypowder is an AR platform that handles payments, credit management, and reconciliation for construction supply distributors. | ECI Software Solutions | - | - | |
Feb-26 | Functional Devices | | Functional Devices is an Indiana-headquartered manufacturer of control components for HVAC systems, building automation, and energy management. Products include RIB relays, power supplies, transformers, occupancy sensors, enclosures, and wireless gateways compatible with BACnet and Modbus protocols. The company supplies distributors serving commercial and industrial facilities across North America. | L Squared Capital Partners | - | - | |
Feb-26 | Nternow | | Nternow is an IT firm developing customized software solutions for document capture and management in the construction industry. | Schlage | - | - | |
Feb-26 | Morpholio | | Morpholio creates mobile apps for architects and designers, including tools for sketching, mood boards, and spatial planning on iPad. | Vectorworks | - | - | |
Jan-26 | 1 | 12Build | | 12Build is a provider of procurement software tailored for the construction industry. | EstimateOne | - | - |
Jan-26 | Video Guard |  | Video Guard is a Germany-based provider of mobile video surveillance systems designed to secure construction sites and high-risk areas against theft and vandalism. | Kooi Security | - | - |
Most active buyers of ConstructionTech companies
JDM Technology Group, Aceve and Trimble are the most active acquirers of ConstructionTech companies in the last three years.
See all ConstructionTech acquirers| Logo | HQ | Description | Key acquisitions | ||
|---|---|---|---|---|---|
JDM Technology Group |  | JDM Technology Group is a consortium of software developers supplying design, estimation, and project management tools for architecture, engineering, and construction firms in North America. | InfotechSuccesswareBuildLogic+2 | 5 | |
Aceve |  | - | KPD ServicesSyntess SoftwareBrink Software | 3 | |
Trimble | | Trimble Inc is a technology solutions provider that enables office and mobile professionals to connect their workflows and asset lifecycles to drive a more productive, sustainable future. The company has three reportable segments: Architects, Engineers, Construction, and Owners (AECO). This segment provides software solutions that sell through a direct channel to customers in the construction industry. Field Systems. This segment provides hardware and associated software solutions that sell through dealer partner channels. Transportation and Logistics (T&L). This segment provides solutions for customers working in long-haul trucking and freight shipping markets. | Document CrunchStructShareFlashtract | 3 | |
Autodesk | | Founded in 1982, Autodesk is a multinational software company best known for pioneering computer-aided design, or CAD, with its AutoCAD product. Nowadays, Autodesk provides design software for a variety of verticals, including architecture & construction, manufacturing, and media & entertainment. Autodesk products have been used in some of the world's most iconic landmarks, like Burj Khalifa, and well-known movie titles like Avatar. | RhumbixDatum360Payapps+1 | 3 | |
ECI Software Solutions | | - | DrypowderDaviswareAmper Technologies | 2 | |
Ideagen | | Ideagen is a Nottingham, UK-headquartered software provider listed on the London Stock Exchange AIM market under ticker IDEA.L. The company supplies governance, risk, and compliance platforms like Q-Pulse for quality management, Coruson for audit workflows, and Pentana for performance analytics to aviation, banking, life sciences, and manufacturing clients. With operations in the UK, EU, US, Middle East, and Southeast Asia, Ideagen serves over 2,000 organizations globally. | ReactecBeakonSafetyStratus+1 | 2 | |
Zonda | | Zonda is an Oakland-headquartered provider of real-time housing market analytics for homebuilders and multifamily developers. Acquired by MetaProp in 2022, its platforms deliver lot supply data, absorption rates, and pricing forecasts covering 400 U.S. markets. Clients include Lennar and D.R. Horton, using tools like Blueprint for land acquisition planning. | EliantBuilders Digital ExperienceLivabl | 2 | |
Rocscience | | Rocscience is a Toronto-headquartered developer of geotechnical engineering software for mining, civil, and tunneling projects worldwide. The suite includes RS3 for 3D rock and soil analysis, Slide3 for probabilistic slope stability, and RocFall3 for boulder trajectory modeling. Serving over 10,000 engineers at firms like Rio Tinto and BHP, Rocscience provides tools for excavation design, support optimization, and groundwater flow simulation compliant with Eurocode and ASCE standards. | 2 S.I. SoftwareDiana FEAAquanty+1 | 2 | |
SalesRabbit | | SalesRabbit is a cloud-based platform for field sales teams headquartered in Lindon, Utah. It boosts per-rep productivity with live leaderboards, mobile lead management, paperless contracts, and CRM integrations including Salesforce and Bullhorn. Industry solutions cover solar, telecom, and home services sectors. | ROOFLERoofLinkSolar Blaze | 2 | |
Woolpert | | Woolpert is a Dayton, Ohio-headquartered firm delivering architecture, engineering, geospatial analysis, and strategic infrastructure consulting across aviation, defense, and water sectors. It produces LiDAR mapping datasets and BIM models for clients like the US Army Corps of Engineers and FAA airports. With offices in 20 US states and Australia, Woolpert integrates drone surveys and AI-driven asset management. Established in 1911, it supports federal contracts valued in billions. | Bluesky InternationalMurphy GeospatialUMC Architects+1 | 2 |
Founders and investors we've worked with
We've supported winning builders across ConstructionTech and beyond.
Boryszew
We provided buy-side advice to Boryszew, a Warsaw-listed diversified industrial group across automotive, metals and chemicals, on industrial software market mapping and target screening for its buy-and-build strategy.
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Element
We provided buy-side commercial due diligence to Element Materials Technology, a London-headquartered global TIC services provider, on a series of potential add-on acquisitions in the testing, inspection and certification space.
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MAILINGWORK
We acted as exclusive sell-side advisor to MAILINGWORK, a Chemnitz-based email marketing software platform, on its sale to French digital marketing leader Positive Group.
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TestSolutions
We acted as exclusive financial advisor to Swiss PE firm Patrimonium on its majority stake acquisition of TestSolutions, a Frankfurt-based software testing and IT services provider.
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Rebellion Pay
We acted as exclusive sell-side advisor to Rebellion Pay, Spain's leading Gen Z neobanking platform, on its sale to Turkish consumer fintech unicorn Papara.
See moreRecent M&A advisory track record
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