Strategic investment expands arsenal of expertise in residential and commercial markets to accelerate growth and profitability
HAMILTON, N.J.–(BUSINESS WIRE)–Dodge Construction Network (“Dodge” or the “Company”), backed by affiliates of Clearlake Capital Group and Symphony Technology Group, today announced the acquisition of Principia Consulting (“Principia”), a data, research and consulting firm. With this announcement, the Company expands its Dodge Advisory Services suite to bring new consultative and research capabilities to the market, providing clients new tools to improve their growth and profitability.
To stay competitive in today’s market, construction leaders require expert insights within the industry and specific markets. The information we provide allows them to identify new growth strategies, better understand market performance, and drive innovation for revenue growth.
Principia delivers data, primary research and market intelligence focused on the building materials industry. The firm guides its clients in making strategic business decisions, creating competitive advantages and answering critical market growth, share and segmentation questions via its DemandBuilder® and SupplyBuilder® offerings. The acquisition of Principia broadens Dodge’s capabilities in residential markets and adds further expertise in the commercial sector. The company will now deliver consulting services for clients of all sizes and specializations.
“We have a history at Dodge of delivering intuitive, reliable insights,” said Steve Masters, SVP of product management at Dodge. “The addition of Principia enables us to expand the depth of our services to meet the needs of our customers across the market. We are now positioned to provide a full breadth of experience that is powered by our data and analytics.”
Lou Rossi, Managing Partner at Principia added, “We are excited to broaden the advantage we present to clients as part of Dodge. The combined assets and synergies will create new opportunities and a comprehensive approach to better serve the broader building materials industry.”
Principia will be integrated with Dodge Advisory Services, supported by a dedicated team of industry experts providing industry research, forecasting, and analysis. Industry participants looking to leverage Dodge Advisory Services and Principia for growth should contact Patty Morin, patty.morin@construction.com.
About Dodge: Dodge Construction Network leverages an offering of data, analytics, and industry-spanning relationships to generate the most powerful source of information, knowledge, insights, and connections in the commercial construction industry. The company powers four longstanding and trusted industry solutions — Dodge Data & Analytics, The Blue Book Network, Sweets, and IMS — to connect the dots across the entire commercial construction ecosystem. Together, these solutions provide clear and actionable opportunities for both small teams and enterprise firms. Purpose-built to streamline the complicated, Dodge Construction Network ensures that construction professionals have the information they need to build successful businesses and thriving communities. With over a century of industry experience, Dodge Construction Network is the catalyst for modern commercial construction.
About Principia Consulting: Principia Consulting is a leading research and consulting firm focused exclusively on the building materials and construction industry. The company’s market access provides clients with access to the right point in the value chain and develop insights through direct voice of customer feedback. This end-to-end coverage ensures that knowledge from the entire industry is shared with clients for key decisions and effective market actions. Principia’s products and services range from off-the-shelf data to bespoke strategy studies to serve key functions within its Fortune 1000 clients. For more than 25 years, Principia has helped clients grow faster and more profitably by providing high quality data, analytics, and insights.
About Clearlake: Clearlake Capital Group, L.P. is an investment firm founded in 2006 operating integrated businesses across private equity, credit and other related strategies. With a sector-focused approach, the firm seeks to partner with management teams by providing patient, long-term capital to businesses that can benefit from Clearlake’s operational improvement approach, O.P.S.® The firm’s core target sectors are technology, industrials, and consumer. Clearlake currently has over $70 billion of assets under management, and its senior investment principals have led or co-led over 400 investments. The firm is headquartered in Santa Monica, CA with affiliates in Dallas, TX, London, UK and Dublin. More information is available at www.clearlake.com and on Twitter @Clearlake.
About Symphony Technology Group: STG is a private equity partner to market leading companies in data, software, and analytics. The firm brings expertise, flexibility, and resources to build strategic value and unlock the potential of innovative companies. Partnering to build customer-centric, market winning portfolio companies, STG creates sustainable foundations for growth that bring value to all existing and future stakeholders. The firm is dedicated to transforming and building outstanding technology companies in partnership with world class management teams. STG’s expansive portfolio has consisted of more than 50 global companies. For more information, please visit www.stgpartners.com.
Contacts
Media Contact: Cailey Henderson | 104 West Partners for Dodge Construction Network | dodge@104west.com
Media Contact: Brooke Cowell | Principia Consulting | bcowell@principiaconsulting.com
Media Contact: Jennifer Hurson | Lambert & Co. for Clearlake Capital Group, L.P. | jhurson@lambert.com
Media Contact: Gloria Consola | Symphony Technology Group | pr@stgpartners.com
