Trackunit announces investment from Goldman Sachs Alternatives
Trackunit, a global leader in construction software and contech solutions, has secured new investment from Goldman Sachs Alternatives. Current majority stakeholder Hg will continue to reinvest in the company. Goldman Sachs previously owned Trackunit from 2015 to 2021 before Hg's acquisition.
Trackunit provides a verticalized operating data platform with IoT connectivity solutions, serving equipment manufacturers, rental companies, and contractors across the global construction ecosystem. The company employs approximately 400 people and offers data-driven insights through an industry-leading data lake.
The partnership aims to accelerate Trackunit's growth, enhance product development, and expand its global operations. The transaction is expected to close in early Summer 2025.
Trackunit, leader globale nel software per costruzioni e nelle soluzioni contech, ha ottenuto un nuovo investimento da Goldman Sachs Alternatives. L'attuale azionista di maggioranza Hg continuerà a reinvestire nell'azienda. Goldman Sachs ha posseduto Trackunit dal 2015 al 2021, prima dell'acquisizione da parte di Hg.
Trackunit offre una piattaforma di dati operativi verticalizzati con soluzioni di connettività IoT, servendo produttori di attrezzature, aziende di noleggio e appaltatori nell'ecosistema globale delle costruzioni. L'azienda impiega circa 400 persone e offre approfondimenti basati sui dati attraverso un data lake all'avanguardia nel settore.
La partnership mira ad accelerare la crescita di Trackunit, migliorare lo sviluppo del prodotto e ampliare le sue operazioni globali. La transazione dovrebbe chiudersi all'inizio dell'estate 2025.
Trackunit, líder global en software de construcción y soluciones de contech, ha asegurado una nueva inversión de Goldman Sachs Alternatives. El actual accionista mayoritario Hg continuará reinvirtiendo en la empresa. Goldman Sachs fue propietario de Trackunit desde 2015 hasta 2021, antes de la adquisición por parte de Hg.
Trackunit proporciona una plataforma de datos operativos verticalizados con soluciones de conectividad IoT, sirviendo a fabricantes de equipos, empresas de alquiler y contratistas en todo el ecosistema de la construcción global. La empresa emplea aproximadamente a 400 personas y ofrece información basada en datos a través de un lago de datos líder en la industria.
La asociación tiene como objetivo acelerar el crecimiento de Trackunit, mejorar el desarrollo de productos y expandir sus operaciones globales. Se espera que la transacción se cierre a principios del verano de 2025.
Trackunit는 건설 소프트웨어 및 컨테크 솔루션의 글로벌 리더로서 Goldman Sachs Alternatives로부터 새로운 투자를 확보했습니다. 현재 대주주인 Hg는 지속적으로 회사에 재투자할 것입니다. Goldman Sachs는 Hg의 인수 전인 2015년부터 2021년까지 Trackunit의 소유주였습니다.
Trackunit은 장비 제조업체, 대여 회사 및 계약자를 위해 IoT 연결 솔루션을 제공하는 수직적 운영 데이터 플랫폼을 제공합니다. 이 회사는 약 400명을 고용하고 있으며, 업계 최고의 데이터 호수를 통해 데이터 기반 통찰력을 제공합니다.
이번 파트너십은 Trackunit의 성장을 가속화하고, 제품 개발을 강화하며, 글로벌 운영을 확장하는 것을 목표로 하고 있습니다. 거래는 2025년 여름 초에 마무리될 것으로 예상됩니다.
Trackunit, leader mondial en logiciels de construction et en solutions Contech, a obtenu un nouvel investissement de Goldman Sachs Alternatives. L'actionnaire majoritaire actuel, Hg, continuera à réinvestir dans l'entreprise. Goldman Sachs a précédemment détenu Trackunit de 2015 à 2021 avant l'acquisition par Hg.
Trackunit propose une plateforme de données opérationnelles verticalisées avec des solutions de connectivité IoT, servant les fabricants d'équipements, les entreprises de location et les entrepreneurs au sein de l'écosystème mondial de la construction. L'entreprise emploie environ 400 personnes et offre des informations basées sur les données grâce à un lac de données de premier plan dans le secteur.
Le partenariat vise à accélérer la croissance de Trackunit, à améliorer le développement de produits et à étendre ses opérations mondiales. La transaction devrait être finalisée au début de l'été 2025.
Trackunit, ein globaler Marktführer im Bereich Bausoftware und Contech-Lösungen, hat eine neue Investition von Goldman Sachs Alternatives gesichert. Der aktuelle Mehrheitsaktionär Hg wird weiterhin in das Unternehmen reinvestieren. Goldman Sachs war von 2015 bis 2021 Eigentümer von Trackunit, bevor Hg die Übernahme durchführte.
Trackunit bietet eine vertikal integrierte Betriebsdatenplattform mit IoT-Konnektivitätslösungen an, die Gerätehersteller, Vermietungsunternehmen und Auftragnehmer im globalen Bauökosystem bedient. Das Unternehmen beschäftigt etwa 400 Mitarbeiter und bietet datengestützte Einblicke durch einen branchenführenden Datenpool.
Die Partnerschaft zielt darauf ab, das Wachstum von Trackunit zu beschleunigen, die Produktentwicklung zu verbessern und die globalen Abläufe auszubauen. Der Abschluss der Transaktion wird für Anfang Sommer 2025 erwartet.
- Goldman Sachs Alternatives' reinvestment demonstrates confidence in company's growth potential
- Dual investment from both Goldman Sachs and Hg provides strong financial backing
- Company maintains strong market position with global diversified customer base
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Insights
This strategic investment marks a compelling vote of confidence in Trackunit's market position and growth potential in the $10+ trillion global construction industry. The return of Goldman Sachs Alternatives as an investor, following their previous ownership from 2015-2021, is particularly noteworthy as it validates Trackunit's execution and market opportunity.
The deal structure reveals sophisticated financial engineering: maintaining Hg's involvement while bringing back Goldman Sachs creates a powerful combination of sector expertise and global reach. This dual-sponsor approach is increasingly common in high-growth technology companies where the complexity and scale of opportunity benefit from complementary investor capabilities.
Trackunit's strategic value lies in three key areas:
- Their verticalized operating platform and data lake create high barriers to entry and strong network effects
- The focus on eliminating construction downtime addresses a massive industry pain point, estimated to cost the sector billions annually
- Their position at the intersection of IoT, SaaS and construction tech provides multiple growth vectors
The timing is particularly strategic given the construction industry's accelerating digital transformation and increasing focus on efficiency and sustainability. With approximately 400 employees and a global customer base, Trackunit has achieved the scale necessary for rapid expansion while maintaining the agility to innovate.
The deal represents a significant opportunity for Goldman Sachs to capitalize on the digitalization of traditional industries, a key theme in their investment strategy. The construction tech sector is experiencing rapid consolidation and growth, making this an opportune moment for institutional investment to accelerate market leadership.
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The investment will mark the next chapter in Trackunit's ambitious growth journey and will see current majority stakeholder Hg, a leading investor in European and transatlantic software and service businesses, continue to reinvest in the construction technology company's future.
Goldman Sachs Alternatives previously owned Trackunit from 2015 until 2021 when Hg acquired the business.
"We are thrilled to partner once again with Trackunit's leadership team, along with Hg, to build on their success and drive even greater impact for customers globally," said Michael Bruun, Partner and Global Co-Head of Private Equity at Goldman Sachs Alternatives. "We see significant potential in continuing to scale the business and further embedding digital solutions across the construction ecosystem."
Trackunit is at the forefront of the digital transformation of the construction sector, offering a verticalized operating data platform, which generates valuable data-driven insights via an industry leading data lake.
"We have built a strong foundation together with Hg, advancing our offerings and working together with customers to eliminate downtime in construction," said Soeren Brogaard, CEO of Trackunit. "The reinvestment from Hg, alongside the new and proven partnership with Goldman Sachs Alternatives, positions us to scale even faster.
"We remain fully committed to our purpose, and with Goldman Sachs Alternatives' expertise and global reach, we are excited to accelerate innovation and growth for our customers and partners worldwide."
Trackunit's software and IoT connectivity solutions uniquely support the entire construction ecosystem, serving equipment manufacturers, rental companies, contractors and ecosystem tech partners, integrating the off-highway vehicle, connected site, and mobile workforce. Trackunit serves a global diversified customer base spanning the full construction value chain and has approximately 400 employees.
"Trackunit is a prime example of how data-rich software businesses can capitalize on their structural data advantage through AI and continue to expand their customer proposition," Nick Jordan, Partner and Soren Holt, Director at Hg, said. "Our investment in this business has been about fostering this innovation and scaling a category-leading SaaS business.
"We are pleased to continue supporting Trackunit alongside Goldman Sachs Alternatives, ensuring the company has the resources and expertise to realize its long-term purpose and industry-changing ambitions."
During Goldman Sachs Alternatives previous ownership period, it leveraged its global network and differentiated value creation capabilities to support meaningful expansion of the company's product capabilities and operations.
With Goldman Sachs Alternatives and Hg, Trackunit has an ideal shareholder base to continue investing in cutting-edge product development, technology, people and further expansion as part of its mission to eliminate downtime in the construction industry.
The transaction is expected to close in early Summer.
About Trackunit
Trackunit is a global technology company that connects construction through one platform to create a living, evolving ecosystem that delivers data and insights to the off-highway sector. With circa 3.5 million visible assets connected, it uses technology to eliminate downtime, improve safety, and help customers improve the bottom line in a sustainable, cost-effective way.
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For further information, please visit: https://trackunit.com/
About Private Equity at Goldman Sachs Alternatives
Goldman Sachs (NYSE: GS) is one of the leading investors in alternatives globally, with over
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