JDM Technology Group, a global group of leading software providers for the architecture, engineering, construction, maintenance, and operations industries, announced that it has acquired two Milwaukee, WI based software businesses, Penta Technologies and STRUXI. The transaction closed on February 29, 2024, with approval from Penta and STRUXI owner, Karl Koenig.
Penta Technologies develops enterprise construction software that helps construction, service, and engineering enterprises improve business performance. It supports a wide range of contractors across the United States and Canada, including electrical, heavy, specialty, general contractors, and more.
STRUXI specializes in construction labor management, offering field management software and labor cost management software that help contractors easily capture, track, and report on labor costs.
“I’m proud of the companies we’ve built. Thanks to the dedication and efforts of our Penta and STRUXI teams, we’ve helped hundreds of contractors meet their business challenges head on,” said owner Karl Koenig, in a statement on the transaction. “This next step will allow that legacy to continue.”
Penta and STRUXI join a growing lineup of construction software companies in JDM’s construction software portfolio, including Computer Guidance Corporation, Explorer Software, JOBPOWER, and Maestro Technologies. The newly acquired companies will continue to operate as their own brands. Penta management will assist with the transition.
“Our acquisition of Penta and STRUXI is part of our ongoing strategy to buy and build exceptional software so we can continue to provide our customers with the best possible solutions,” said JDM CEO Jim McFarlane. “We’re pleased to welcome Penta and STRUXI to the group and we’re confident that this acquisition will allow us to create new value and opportunities for its customers.”
Shea & Company, LLC acted as the exclusive financial advisor to Penta and STRUXI on the transaction.
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