Capstreet Acquires Hh2 Cloud Services, A Leading Provider Of Construction Industry Software

Feb 02, 2022•over 3 years ago

Acquiring Company

The Capstreet Group

Acquired Company

DIGITAL BUSINESS INTEGRATION, INC.

KaysvilleInformation TechnologyCommerce And ShoppingSoftware Development

Description

The Capstreet Group ("Capstreet"), a Houston-based lower middle market private equity firm, announced today that it has acquired hh2 Cloud Services ("hh2" or "the Company"), a leading provider of software for the construction industry. Financial terms of the transaction were not disclosed.

Company Information

Company

The Capstreet Group

About

Founded in 1990, Capstreet invests in lower middle market software, tech-enabled services, and industrial business services companies. With over 45 platform investments and over 200 add-on acquisitions since inception, Capstreet's investment strategy is focused on utilizing its Capvalue FrameworkTM to accelerate growth and profitability, and create long term sustainable businesses. The majority of Capstreet's investments have been with founder- or entrepreneur-owned businesses. For more information, visit the Capstreet website, www.capstreet.com. Contact: Lambert & Co.Jennifer Hurson, 845-507-0571, jhurson@lambert.comorCaroline Luz, 203-656-2829, cluz@lambert.com SOURCE The Capstreet Group

M&A Insights

Based on deal data

Integration timeline

70% of M&A integrations take 12-24 months to complete

Tech stack consolidation

83% of merged companies consolidate technology vendors within first year

Post-acquisition investment

Companies increase IT spending by 23% on average after acquisitions

Success factor

M&A deals with strong technology integration plans are 2.5x more likely to succeed