DA Davidson & Co. acts as exclusive financial advisor to Levelset in its agreement to be acquired by Procore Technologies, Inc. - Bollyinside
Summary
With approximately 300 employees, Levelset’s software is a highly reliable source to manage complex payment workflows that has been deployed on over 6.5 million construction projects by more than 250,000 users. Davidson & Co. announced today that it has served as exclusive financial advisor to Levelset on its signing of a definitive agreement to be acquired for approximately $500 million by Procore Technologies, Inc. (NYSE: PCOR), a leading provider of construction management software. “We are honored to have had the opportunity to provide our expertise and work collaboratively with the Levelset management team as they partner with Procore to take this solution to the next level,” said Michael “Max” Maxworthy, co-head of technology investment banking at D.A. “The Levelset team has achieved the creation of an extremely innovative and efficient software tool to help enable a smoother process, which ensures key construction project stakeholders are paid faster,” said Joe Morgan, co-head of technology investment banking at D.A. Davidson’s technology investment banking practice is one of the most active middle market groups in the United States having advised on over 50 advisory and public equity transactions representing more than $20 billion in value since January 2021.
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