Add-on Acquisition • Software

Building Engines Acquires Ravti

On January 11, 2021, Building Engines acquired software company Ravti

Acquisition Context
  • This is Building Engines’ 3rd transaction in the Software sector.
  • This is Building Engines’ 4th transaction in the United States.
  • This is Building Engines’ 1st transaction in Florida.

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M&A Deal Summary

Date January 11, 2021
Target Ravti
Sector Software
Buyer(s) Building Engines
Deal Type Add-on Acquisition

Target Company

Ravti

Tampa, Florida, United States
Ravti Corp. is a software company for HVAC management. Ravti enables owners, operators and tenants to manage HVAC smarter with a complete inventory view of all HVAC equipment throughout their CRE properties, that helps to streamline and automate lease-driven tenant compliance for HVAC maintenance. Ravti is based in Tampa, Florida.
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Buyer Overview 1

Buyer

Building Engines

Boston, Massachusetts, United States

Category Company
Founded 1999
Sector Software
DESCRIPTION

Building Engines develops, deploys, hosts, and maintains a broad spectrum workflow, data collection, messaging, and operational support system for facility managers in commercial real estate and healthcare facilities. Building Engines was founded in 1999 and is based in Boston, Massachusetts.


Deal Context for Buyer #
Overall 4 of 5
Sector: Software 3 of 4
Type: Add-on Acquisition 4 of 5
State: Florida 1 of 1
Country: United States 4 of 5
Year: 2021 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-06 Synlio

Scottsdale, Arizona, United States

Synlio provides automated RFP solutions for commercial real estate property managers. Synlio manages the RFP process from beginning to end, from creation and management to vendor communications and comparisons, saving time, increasing transparency, reducing costs and providing property managers and building owners with the best vendor for every project. Synlio was founded in 2017 and is based in Scottsdale, Arizona.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-07 LogCheck

New York, New York, United States

LogCheck builds software that helps operations and maintenance teams anticipate and prevent problems before they happen saving time, money, and frustration for building operators and property managers. LogCheck was founded in 2012 and is based in New York City.

Buy -