EFCG is pleased to announce that its client,
Braun Intertec, has sold a majority equity stake in Agile Frameworks to Long Arc Capital. EFCG represented Braun Intertec and Agile in the transaction.
In June 2020, Braun Intertec and Agile engaged with EFCG to find a financial partner that understands the company’s vision and brings strong capabilities to support its growth strategy. Agile’s flagship product is MetaField, a robust, cloud-based SaaS offering for the construction materials field and laboratory testing marketplace, with a rapidly expanding customer base. Its new offering, AEWork is a new category of B2B software, deeply researched and validated with MetaField customers and across the AEC industry with brand-name firms. Currently, there is no solution that supports an efficient, end-to-end business process for the services AEWork provides.
Long Arc Capital, the new majority owner, distinguished itself during the process with its deep research skills, intelligent and forward-thinking team, thoughtful market analysis and clear belief in the Agile growth story. 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. EFCG worked hand-in-hand with Agile through the pre-LOI and due diligence stages through closing.
“The process of identifying and selecting a strategic investment partner for our technology company, Agile Frameworks, was challenging and time consuming. Marcus Quigley and the whole EFCG team were very helpful to us as we navigated those challenges with the ultimate goal of positioning Agile Frameworks to fully realize its market potential. We are deeply appreciative of EFCG’s professionalism and patience in supporting us through this process. The EFCG team did an excellent job guiding and supporting us through the transaction. We are thankful for their work and the great outcome we were able to achieve with their guidance.” – Jon Carlson, CEO Braun Intertec
Read the full press release here.