Investment Summary

Banneker Partners Invests In XBE

On January 25, 2024, private equity firm Banneker Partners invested in software company XBE

Investment Highlights
  • This is Banneker Partners’ 12th transaction in the Software sector.
  • This is Banneker Partners’ 16th transaction in the United States.
  • This is Banneker Partners’ 1st transaction in Missouri.

Investment Summary
Date 2024-01-25
Target XBE
Sector Software
Investor(s) Banneker Partners
Deal Type Growth Capital

Target

XBE

Kansas City, Missouri, United States
XBE is an operations management software for the horizontal construction industry. The company’s platform includes materials, logistics, and construction management capabilities for the asphalt, concrete, aggregate, and site work segments. XBE was founded in 2017 and is based in Kansas City, Missouri.

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Investor(S) 1

Investor

Banneker Partners

San Francisco, California, United States

Investor

Category Private Equity Firm
Founded 2010
PE ASSETS 1.0B USD
Size Large
Type Sector Focused
DESCRIPTION

Banneker Partners is a West Coast based private equity firm focused on investing in software/SaaS, internet, and business services companies. Banneker looks to partner with management when making acquisitions. Firm principals have experience investing in high growth as well as mature/legacy businesses. Banneker Partners was formed in 2010 and is based in San Francisco.

DEAL STATS #
Overall 19 of 19
Sector (Software) 12 of 12
Type (Growth Capital) 8 of 8
State (Missouri) 1 of 1
Country (United States) 16 of 16
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-18 HS GovTech

Charlotte, North Carolina, United States

HS GovTech is a provider of web-based and mobile solutions for health and safety regulatory agencies across North America. HS GovTech's cutting edge platforms currently provide inspection, information, communication and data management systems that enable government agencies to operate more efficiently. HS GovTech was founded in 1999 and is based in Charlotte, North Carolina.

Buy $33M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-26 Fluence Technologies

Toronto, Ontario, Canada

Fluence Technologies provides the only financial close and consolidation software for mid-sized companies. Fluence quick deployment, adoption, and time to value delivers game-changing efficiency gains and trusted, timely numbers for assessing past performance and planning for the future. Fluence Technologies is based in Toronto, Ontario.

Sell -
Mergr

Product

Company

Legal