Cordance, a portfolio company of Aquiline Capital Partners, has announced its acquisition of FieldConnect Inc., a provider of mobile field service software based out of Newport Beach, California. GrowthPoint Technology Partners acted as the exclusive financial advisor through the transaction.
FieldConnect represents GrowthPoint Technology Partners’ ninth successful transaction in the field service management sector since 2019. Alex Loukas, Managing Director, leads the Field Service coverage at GrowthPoint.
“Recent investments and continued consolidation of the Field Service market is a result of evolving end-market dynamics (i.e. Residential, Commercial, Industrial) and vertical-specific workflows (i.e. HVAC, Pest, Machinery) as well as the broader industry’s digital transformation away from pen and paper,” says Loukas. “With increasing infrastructure projects and spend, we expect further interest in platforms, like FieldConnect, that enable specialty contractors in the commercial and infrastructure space to perform their jobs more efficiently and profitability.”
The partnership will bring together the go-to-market expertise and experience of Cordance with the industry expertise and leaders at FieldConnect to drive innovation and high-value services to their customers.
Continue reading the official press release here.
More about FieldConnect: Since 2002, FieldConnect has provided mobile solutions designed around the needs of field service organizations—from field engineers to dispatchers, to the back office, and to end-customers. FieldConnect provides mobile field service software to best-in-class field service organizations, driving service department revenue and removing inefficiencies. GrowthPoint Technology Partners, a Silicon Valley-based investment bank, acted as the exclusive financial advisor to FieldConnect.
More about Cordance: Founded in 2021, Cordance is a private equity firm based in Raleigh, North Carolina. The firm seeks to invest in business products & services and SaaS companies.