MINNEAPOLIS, May 4, 2021 /PRNewswire/ -- Braun Intertec
Corporation ("Braun Intertec"), a leading engineering,
environmental consulting and testing services firm, today announced
a majority investment by New
York-based growth private equity firm Long Arc Capital, LP
("Long Arc Capital") in Agile Frameworks, LLC ("Agile Frameworks"),
a leading provider of collaborative, cloud-based software solutions
for project workflow, data management and analytics for the
architecture, engineering and construction ("AEC") services
industry.
Founded in 2011 by Braun Intertec to support the needs of its
own clients, Agile Frameworks has since grown to serve over 75 of
North America's top engineering
firms. Agile Frameworks offers a subscription-based,
multi-tenant Software-as-a-Service ("SaaS") platform that automates
complex workflows for greater productivity, data integrity,
insights and profitability. MetaFieldĀ® provides a single
application to manage project specifications, schedule, dispatch,
test, collect and assemble results to accurately deliver
information to clients in real time.
The Long Arc Capital investment comes at a time of continued
high growth for Agile Frameworks and substantial future
opportunities for product and market expansion, as technology
enablement of the AEC industry accelerates.
Jon Carlson, CEO of Braun
Intertec, said: "As a leading engineering, environmental
consulting and testing services firm, Braun Intertec founded Agile
Frameworks to build and deliver a software solution that was very
much needed by our industry. We are very pleased by how
quickly and resoundingly Agile Frameworks has become a leader of
this market. That success has made it clear that an even more
exciting future lies ahead as Agile Frameworks expands its SaaS
offerings, and that these opportunities require a strong and highly
strategic partner to achieve Agile Frameworks' even greater
potential. We have collaborated with Long Arc Capital for
nearly a year and are confident they are the ideal partner for
Braun Intertec, as we remain both a major shareholder and
customer."
Bob Tuttle, CEO of Agile
Frameworks, said: "With this investment, we are primed to
serve a broader range of construction and engineering disciplines
by enhancing our products' capabilities to support efficient,
end-to-end business processes across the industry." Mr.
Tuttle, CEO of Agile Frameworks since 2017, previously served as
EVP of Field Operations of Verisae Inc. before its sale to Marlin
Equity Partners and subsequently to Genstar / Accruent. He
also served as CEO of Vcommerce until its sale to Channel
Intelligence and subsequently Google, and as SVP Field Operations
of Retek, prior to its sale to Oracle Corp. as the foundation of
what is now Oracle's Retail ERP platform.
W. Tobin Whamond, Partner of
Long Arc Capital, said: "The global AEC industry is
experiencing unprecedented technology enablement and acceleration,
transforming workflows from job-based to integrated project
delivery, securing data integrity in mission-critical settings such
as geotechnical engineering, and construction materials and
non-destructive testing, as well as dramatically improving
productivity and revenue capture. We believe that Agile
Frameworks is the most advanced provider of SaaS solutions to the
engineering services industry today and is poised to create the
next generation solutions for thousands of enterprise clients.
We are thrilled to partner with Bob and Braun Intertec to
drive the next chapter in Agile Frameworks' exciting growth."
Advising Braun Intertec on the transaction was Environmental
Financial Consulting Group, a leading advisor to AEC firms.
Faegre Drinker Biddle & Reath LLP served as legal counsel
to Braun Intertec and Greenberg Traurig, LLP served as counsel to
Long Arc Capital.
About Agile Frameworks, LLC
Headquartered in Minneapolis,
MN, Agile Frameworks provides the only industry solution
that fully integrates corporate, field, and lab information
management activities in one platform across multiple architecture,
engineering, and construction disciplines. Agile Frameworks
offers engineering consulting firms, capital project owners, and
construction firms the industry's most impactful tools and
automated processes to maximize efficiency, growth and
profitability. Learn more about how Agile Frameworks enables
Profitable EngineeringĀ® for more than 28,000 monthly subscribers
via its cloud based-mobile solution at
htttps://www.agileframeworks.com.
About Long Arc Capital, LP
Long Arc Capital is a private equity firm based in New York City dedicated to building and
scaling breakthrough technology and technology-enabled businesses.
Founded in 2016, Long Arc has six Partners collectively with
over 150 years of investing and operating experience. The
firm has a philosophy of "active ownership," partnering with
entrepreneurs and management teams by bringing to bear a
comprehensive suite of resources that advance the human capital,
strategic, product development, technology, and financial strengths
of its portfolio companies, successfully driving their profitable
growth. For more information about Long Arc Capital, please
visit https://www.longarc.com.
About Braun Intertec Corporation
Based in Minneapolis, MN,
employee-owned Braun Intertec Corporation is a premier engineering,
environmental consulting and testing firm with more than 1,000
employees located in Iowa,
Kansas, Louisiana, Minnesota, North
Dakota, Texas and
Wisconsin. For more information,
please visit https://www.braunintertec.com
Media Contacts:
James Doyle, JConnelly
973.944.8105
jdoyle@jconnelly.com
Laura Holte, Agile Frameworks
612.418.5143
laholte@agileframeworks.com
Kara Pritchett, Braun Intertec
Corporation
612.412.0993
kpritchett@braunintertec.com
Related Links:
https://www.longarc.com
https://www.agileframeworks.com
https://www.braunintertec.com
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SOURCE Long Arc Capital; Agile Frameworks; Braun Intertec