Miami, FL — PMWeb, LLC (“PMWeb” or the “Company”), a leading global provider of software and solutions for asset owners and project delivery organizations to effectively plan, build, and operate complex construction project and asset portfolios, today announced a strategic growth investment from Bregal Sagemount (“Sagemount”), a leading growth-focused private capital firm. As part of the transaction, the Company has also announced that Founder and CEO Marc Jaude will be elevated to Chairman of the Board of Directors and that Huw Roberts has been appointed CEO. Terms of the transaction were not disclosed.
Huw Roberts is recognized in the industry for his strategic vision and impactful leadership. Huw brings a wealth of strong industry endorsements and a steadfast commitment to prioritizing PMWeb’s customers. He joins after having most recently served as CEO of Graphisoft and throughout his career he has held pivotal executive positions at prominent technology firms, including Bentley Systems, Accruent, Nemetschek, and BlueCielo. Huw’s career is marked by a consistent track record of guiding high-profile, global organizations through transformative change, driving sustainable growth, and delivering value to all stakeholders.
Marc Jaude, Founder of PMWeb, said, “Transitioning from CEO to Chairman is a pivotal step in stewarding the future of PMWeb and I am thrilled to welcome a visionary new leader who shares our commitment to continued growth and innovation. Together with Huw and the investment from Sagemount we are setting the stage for a new era, building on the strong foundation we have created and fueling our Company’s next chapter.”
Huw Roberts added, “I am honored to join PMWeb and lead our mission to deliver compelling software solutions that ensure well-managed construction assets and projects worldwide. PMWeb’s innovative approach and strong market presence make this an exciting and compelling next chapter in my career, and I look forward to collaborating closely with Marc, Sagemount, and the entire PMWeb team and our customers to help drive continued growth and success.”
Founded in 2007 and headquartered in Miami, Florida, PMWeb offers a comprehensive web-based solution that enables complex asset owners to plan, construct, and manage individual assets and portfolios spanning the full asset lifecycle. The Company’s software is well known for its focus on asset owners, combining planning, estimating, cost controls, document controls, scheduling, asset management, and visual workflow capabilities into a single, integrated platform, with multi-currency and multi-language support. PMWeb has successfully expanded its blue-chip customer base across a diverse set of industries including transportation, education, healthcare, hospitality, financial services, and government, among other verticals. The investment from Sagemount will aim to accelerate PMWeb’s domestic and international growth through organic and M&A activity, further enhance its leading position in the construction software industry, and help the Company continue to provide a best-in-class experience for their customers.
Covington Associates served as the financial advisor to PMWeb, and Goodwin Procter acted as the legal advisor to Sagemount.