#United States #Houston #construction technology #Gemspring Capital #Sitemetric

Gemspring Capital's Strategic Investment in Sitemetric

Gemspring Capital Management, LLC, a private equity firm typically focused on the middle market, has made a significant strategic investment in Sitemetric, LLC, a leading provider of jobsite security, safety, and workforce management solutions tailored for the construction industry. This initiative was executed through Gemspring Growth Solutions I (GGS I), a fund dedicated to supporting middle market companies with flexible, non-control capital solutions. Although the specific terms of the deal have not been disclosed, this investment aligns with Gemspring's commitment to driving growth within innovative companies.

Sitemetric, which is headquartered in Houston, Texas, has established a comprehensive platform designed to enhance real-time visibility into onsite personnel access, security, and safety standards. This platform is particularly crucial for general contractors as it provides insights that optimize workforce productivity on jobsites. With a growing clientele, Sitemetric has particularly strengthened its position in the datacenter construction sector, underscoring its adaptability across various project types and industry verticals.

The CEO and Co-Founder of Sitemetric, Brian Thomas, expressed enthusiasm about the collaboration with Gemspring. He stated, "Sitemetric is at an exciting inflection point, and partnering with Gemspring will accelerate our growth. Their deep expertise in scaling software companies will allow us to expand our customer base, enhance our product offerings, and scale our operations effectively."

The investment from Gemspring Capital is expected to facilitate Sitemetric's efforts towards accelerating product development and enhancing marketing resources, both vital for sustaining its growth trajectory. D.J. Andrzejewski, Managing Director at Gemspring, noted, "Sitemetric has established itself as a leader in the construction software market, thanks to its commitment to technological innovation and operational excellence. We are thrilled to be collaborating with their team to fuel their next phase of growth through both organic expansion and potential strategic acquisitions."

Sitemetric was advised by Piper Sandler & Co. in financial matters and Cooley LLP for legal counsel. Meanwhile, Gemspring worked with McDermott Will & Emery LLP for their legal advisement during this transaction.

About Sitemetric

Sitemetric is a frontrunner in providing jobsite security, safety, and workforce management solutions specifically designed for the construction sector. Their comprehensive offerings combine proprietary software, integrated hardware, and additional services, delivering valuable real-time insights on personnel access and productivity compliance. To learn more, visit Sitemetric.

About Gemspring Capital

Based in Westport, Connecticut, Gemspring Capital manages $3.8 billion in capital and specializes in delivering flexible capital solutions aimed at middle market companies. Their partnership-driven approach seeks to help ambitious management teams achieve sustainable growth across key sectors including business services, healthcare, software, and technology-enabled services. For further information, you can visit Gemspring.