Thoma Bravo announced it has entered into a definitive agreement to combine HCSS with the Build & Construct segment of Nemetschek Group, forming a global construction technology platform.
Under the terms of the agreement, Nemetschek will hold approximately 72% ownership of the Build & Construct segment, while funds managed by Thoma Bravo will retain a 28% minority stake. The transaction is expected to close in the second half of 2026, subject to regulatory approvals and customary closing conditions.
The combined business will bring together complementary technologies, customer bases, and geographic strengths, positioning the platform to capitalize on long-term industry trends such as infrastructure modernization, government investment, energy transition, and urbanization. HCSS will join a portfolio of established brands within Nemetschek’s Build & Construct segment, including Bluebeam, GoCanvas, and Nevaris.
During Thoma Bravo’s ownership, HCSS expanded its platform capabilities, strengthened leadership, and advanced key products such as HeavyBid and HeavyJob, while entering adjacent markets including utilities. The company’s solutions are widely used across infrastructure projects and have helped customers increase bidding efficiency and win rates.
The combined platform is expected to deliver an end-to-end construction software ecosystem spanning the full project lifecycle, enhancing collaboration between office and field teams and accelerating AI-driven innovation across design, planning, and execution workflows.
Support: Advisors on the transaction include Kirkland & Ellis LLP as legal advisor and Deutsche Bank, Citigroup, and Centerview Partners as financial advisors to Thoma Bravo. Latham & Watkins and Hoffmann & de Vries are serving as legal advisors to Nemetschek, with J.P. Morgan acting as exclusive financial advisor.
KEY QUOTES:
“We are deeply grateful for Thoma Bravo’s support over the past four years, which has helped strengthen our foundation and position us for long-term success. Becoming part of Nemetschek’s Build & Construct segment will unlock tremendous opportunity for HCSS and we’re thrilled that Thoma Bravo will continue alongside us. Our strengths in heavy civil construction software complement the Build & Construct segment’s existing solutions, creating a broader, more powerful platform for customers. This combination positions us to accelerate growth, expand our reach, and deliver new capabilities that will shape the future of infrastructure construction.”
Steve McGough, President And Chief Executive Officer, HCSS
“The combination brings together two like-minded organizations that focus on putting our customers and employees first. It continues our consistent, multi-decade track record of delivering solutions that meet our customers’ needs.”
Drew Thomas, Chief Financial Officer, HCSS
“One of the great honors of building our funds over decades has been our journey together with HCSS, alongside Steve, Drew, and their entire management team. When we considered ways we could leverage HCSS’ incredible culture and performance at a greater scale, we identified this combination with Nemetschek’s Build & Construct segment as a once-in-a-lifetime opportunity. Both organizations are leading the global AI revolution in construction design, planning, execution and collaboration, and together they will have the platform, talent, and ambition to continue setting the pace for the entire industry.”
A.J. Rohde, Senior Partner, Thoma Bravo
“This transaction brings together the two most innovative products in construction technology to build a global industry powerhouse. HCSS has long set the standard for heavy civil construction software with the best tools in the industry for estimating and field operations, while Bluebeam is unmatched as the industry standard in digital blueprints and drawings across all of architecture, engineering and construction.”
George Jaber, Principal, Thoma Bravo
