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A.J. Rohde

Senior Partner, Thoma Bravo

Appears in 1 story

Notable Quotes

"When we considered ways we could leverage HCSS' incredible culture and performance at a greater scale, we identified this combination with Nemetschek's Build & Construct segment as a once-in-a-lifetime opportunity." — Statement on HCSS deal, April 2026

Stories

Construction software giants race to unify a fragmented industry through billion-dollar acquisitions

Money Moves

Overseeing HCSS sale while retaining 28% stake in Build & Construct segment

Nemetschek, the Munich-based company behind construction software brands like Bluebeam and Graphisoft, agreed on April 13 to buy Heavy Construction Systems Specialists (HCSS) for $2.4 billion — the largest acquisition in the company's six-decade history. HCSS dominates the niche market for heavy civil construction software in North America, serving more than 4,000 contractors who build roads, bridges, and pipelines. The deal lands HCSS in Nemetschek's Build & Construct segment alongside Bluebeam and GoCanvas, which Nemetschek bought for $770 million less than two years ago.

Updated Yesterday