Clearwater International has advised Union Square, a provider of information management software to the architecture, engineering and construction (AEC) industries, on its sale to Deltek.
Union Square, founded in 2000, has become the leading supplier of business and project information management software across the entire AEC supply chain. Headquartered in Nottingham, the business has experienced strong international growth in Australia and recently expanded operations into Europe and Canada. The business has recently been named as one of Britain’s most inspirational companies in The London Stock Exchange’s annual Inspire Britain report.
The acquisition by Deltek, the leading global provider of enterprise software and information solutions for government contractors, professional services firms and wider businesses, will allow both businesses to grow their global footprint, and leverage their complimentary client bases. Deltek’s presence and significant customer portfolio in the US represents a huge opportunity for the cross-selling of Union Square’s software.
Eversheds LLP also advised Union Square, led by partner Antony Walsh, principal associate Matthew Hussey and associate Katie Taylor.
Richard Vincent, Managing Director, Union Square said: “Our organisation is thrilled to become a part of Deltek. Together, we have nearly 50 years of experience working hand in hand with AEC firms to make their businesses run better. Our two companies share a common focus, a common culture, and a deep knowledge of what it takes for AEC firms to be successful. That’s the foundation for a bright future as we come together. Our combined forces will deliver an even more powerful solution to the fast-growing AEC industry. We look forward to working closely with Deltek in the days ahead.”
Mike Corkery, President and CEO, Deltek commented: “Deltek continually looks for ways to deliver more value to our customers through product innovation and acquisition, and that’s why we have acquired Union Square. Managing data and collaborating on information to make smart decisions is critical for successful companies, especially in the AEC industry. We acquired Union Square to meet the acute needs of Architecture, Engineering and Construction firms to organize the many emails, documents, drawings and other artifacts that are produced in the course of successfully delivering a project. In Union Square, we have found a company that shares our passion and dedication to helping AEC firms run better and deliver on-time and on-budget projects to their customers. On behalf of our global team, I’d like to welcome Union Square to the Deltek family. Together, we will continue to set the pace within the AEC industry.”
Carl Houghton, Partner, Clearwater International added: “This is our 17th technology deal in the AEC vertical so we know the global buyer population very well. The fit with Deltek was clear from our earliest discussions so we’re delighted for Richard and the whole team at Union Square to have found such a good home that creates even more export opportunity for this British success story.”