Gemspring Capital Management (a middle-market private equity firm) announced a strategic investment in Houston-based Sitemetric. Sitemetric is a leading provider of jobsite security, safety, and workforce management solutions for the construction industry.
The funding was made by Gemspring Growth Solutions I (GGS I), a fund dedicated to providing flexible, non-control capital solutions to middle market businesses. The terms of the deal were not disclosed.
Sitemetric offers a comprehensive solution that enables general contractors and site owners to obtain real-time visibility into onsite personnel access, uphold critical security and safety standards, and offers insights that optimize workforce productivity onsite. And the company serves a growing base of general contractors across diverse project types and industry verticals, with a particularly strong presence in the datacenter construction sector. Gemspring’s investment will enable Sitemetric to accelerate product development and investment in go-to-market resources to support its growth trajectory.
Sitemetric was advised by Piper Sandler as financial advisor and Cooley as legal advisor. McDermott Will & Emery LLP served as legal advisor to Gemspring.
KEY QUOTES:
“Sitemetric is at an exciting inflection point, and we are excited to partner with Gemspring to accelerate our growth. Gemspring’s deep expertise in scaling software companies and their strategic and operational insights make them an ideal partner for our business. Together, we look forward to expanding our customer base, enhancing our product offerings, and scaling our operations to meet the needs of a growing market.”
- Brian Thomas, CEO and Co-Founder of Sitemetric
“Sitemetric has established itself as a leader in the construction software market through technology innovation and operational excellence. We are thrilled to collaborate with the Sitemetric team to drive its next phase of growth through both organic expansion and strategic acquisitions.”
- D.J. Andrzejewski, Managing Director at Gemspring
