Headquartered in Manchester, Eque2 supplies business management software to more than 2,300 customers in the construction, housebuilding and contracting industries.
Its software enables builders, contractors, architects, engineers and estimators to integrate the commercial and financial aspects of their operations, driving efficiencies and ultimately improving profitability.
Supporting a talented team
In November 2017, LDC backed the £16m secondary buyout of Eque2, led by Executive Chairman Richard Beaton.
The investment, in which we took significant minority stake in the business, also supported the immediate acquisition of Miracle Dynamics Payroll and HR Solutions. Miracle Dynamics is a leading supplier of HRM technology to the Microsoft Dynamics business applications market.
In May 2018 Eque2 acquired Birmingham-headquartered JNC Construction Software as part of its buy and build growth strategy. The business is a well-established provider of construction accounting and job costing software solutions. It provides more than 400 businesses with a suite of products, including Construction Manager, which is geared towards smaller construction companies, and the cloud-based Maintenance Manager solution, which allows companies to manage their planned and reactive maintenance contracts.
With the financial firepower and support of LDC we’re confident that we can establish ourselves as the construction industry’s leading provider of specialist business management software and the acquisition of Miracle Dynamics is an exciting first step on this journey.”Richard Beaton, Executive Chairman
Eque2
Achieving rapid growth
Since we first invested, Eque2 has recorded double-digit revenue growth.
In 2019, the firm acquired CLiPIT Solutions in the next phase of its buy and build growth strategy. The firm specialises in fully-integrated construction accounting and job costing software.
The acquisition of CLiPIT brought together two strong companies and further strengthened Eque2’s status as the leading provider of construction accounting and job costing software solutions, taking its customer count up to 2,300.
Awards
Northern Tech Awards Top 100
2019
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