Reynolds Advisory Partners acts as exclusive financial Advisor to Quote Software on its sale to ConstructConnect, a subsidiary of Roper Technologies
January 24, 2018 (PRLEAP.COM) Technology NewsLOS ANGELES, California, January 24, 2017 — Reynolds Advisory Partners, LLC ("RAP" or "Reynolds") acted as the exclusive financial advisor to Quote Software, Inc. ("QuoteSoft") on its sale to ConstructConnect, a wholly owned subsidiary of Roper Technologies, Inc.
QuoteSoft is a leading supplier of building information modeling ("BIM"), estimating, bidding, and takeoff software (including software-as-a-service, or "SaaS"), with a loyal and growing customer base among plumbing and mechanical contractors. QuoteSoft is a privately held software company, based in Eugene, Oregon. The transaction closed on January 2, 2018, and it was publicly announced by ConstructConnect on January 11, 2018. Financial terms were not disclosed.
Kerry Brainard, the Founder and CEO of QuoteSoft, commented as follows: "We very much appreciated the efforts of Reynolds Advisory Partners, and in particular Brian MacLeod, who was concerned not just with meeting our valuation objectives for the transaction, but also with finding us an M&A partner who would be a good fit for us, culturally and business-wise. We believe that Brian fully achieved those objectives, as we're now delighted to have joined forces with Roper/ConstructConnect."
Brian MacLeod, Managing Director at RAP, stated: "We are pleased to have assisted QuoteSoft in achieving a successful result from this M&A process. The combination of QuoteSoft and ConstructConnect will be beneficial to the stakeholders of both companies, including by accelerating the adoption by industry participants of innovative technology solutions for improved information coordination, automation and efficiency, in the AEC sector."
Mr. MacLeod added: "The QuoteSoft transaction is representative of our firm's experience in providing M&A advisory services to SaaS and other technology providers in the AEC (architecture, engineering and construction) and BIM (building information modeling) sectors, as well as to software/SaaS providers in other vertical markets. We have extensive M&A advisory experience in these areas."
About Quote Software, Inc.
Founded in 1991, Quote Software, Inc., is a leading supplier of building information modeling ("BIM"), estimating, bidding, and takeoff software (including software-as-a-service, or "SaaS"), for customers in the plumbing and mechanical contractor sectors. It is the 2017 Constructech Vision Award recipient for leveraging technology in an innovative way to solve operational challenges and improve bottom lines. For more information, visit quotesoft.com.
ConstructConnect is a leading provider of construction information and technology solutions in North America, and a wholly-owned subsidiary Roper Technologies, Inc. (NYSE: ROP), a constituent of the S&P 500 and other stock market indexes. Through the combination of its four legacy brands (iSqFt, Construction Market Data, BidClerk and Construction Data), ConstructConnect brings project participants together with the most complete, accurate and actionable construction data and tools to drive success in national, regional and local markets. Its collaborative network empowers the construction industry to be more successful with access to relevant information through easy to use technology. For more information, visit constructconnect.com.
About Reynolds Advisory Partners, LLC
Reynolds Advisory Partners, LLC is a boutique investment bank with a focus on the "middle market". RAP provides a full suite of financial advisory services for mid-size and growing companies, including mergers, acquisitions, divestitures, restructurings, and the issuance of debt and equity capital. RAP's professionals also have extensive experience in advising Independent/Special Committees of both public and private companies, of all sizes, in facing complex issues, including evaluating related party transactions.
For more information, visit www.reynoldsap.com.
Reynolds Advisory Partners, LLC - Investment Banking Contact:
Brian MacLeod, Managing Director: firstname.lastname@example.org. 310-318-9674
Source: Reynolds Advisory Partners, LLC