Headquartered in Manchester, Eque2 supplies business management software to more than 2,700 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.
Minority investment for growth
In November 2017, LDC backed the £16m secondary buyout of Eque2, taking a significant minority stake in the business.
During the three-year partnership, Eque2 made three acquisitions: Miracle Dynamics which was completed at the time of the initial investment, JNC Solutions which expanded the business across the UK and CliP IT Solutions which added new products to Eque2’s product set.
Eque2 also invested in new product development to bring to market the first cloud-based job costing system in the construction industry.
Our three-year partnership with LDC has enabled us to build scale through acquisition and create a strong foundation for future growth.”
Justin Moule, CEO
Between 2017 and 2020, the business increased revenues by 29%, EBITDA by 85% and headcount by 53%.
In December 2020, LDC exited its minority shareholding to private equity firm WestBridge.
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