Causeway Technologies Targets Growth

Causeway has secured a £120 million investment to fund strategic acquisitions and accelerate its organic growth strategy to digitally connect the construction industry’s supply chain through further development of its cloud platform.

The investment follows on from a period of strong and consistent growth at Causeway, which has resulted in an earnings compound annual growth rate of 31% since 2015.

The investment has been made by Five Arrows Principal Investments, a European corporate private equity arm of Rothschild & Co. This investment reinforces the opportunity within the sector, and the need to have solutions which address both the pace of digitisation and productivity issues that can be caused by complex supply chains, as well as the transient nature of construction projects.

Causeway’s solutions connect the construction ecosystem, providing solutions that transcend functional and organisational boundaries.

Phil Brown, Chief Executive and Executive Chairman of Causeway, said: “This investment marks another leap forward for our business and for the value we can add to our customers. Our core purpose and passion is to digitally enable the global construction industry – the support of Five Arrows allows us to accelerate our work to help solve our customers’ challenges.

“Our ambition is to ensure that data flows seamlessly across the construction process, making our customers more efficient and their data more useful and actionable. That is the only way to drive better project outcomes, especially around value and quality.

“While cloud-based tools and mobile connectivity have helped put solutions into people’s hands, much is still very fragmented in this industry. We are building a persona-based platform with relevant applications and data delivered to each member of the construction supply chain via their desktop or mobile devices. The platform will be open, making it easy to integrate with both third-party applications and any bespoke, customised applications that customers might have had developed. This approach will help break down silos and give businesses large and small, in all parts of the construction ecosystem, complete visibility and control over their projects and supply chains.”

Goldman Sachs served as financial adviser to Causeway Technologies, and Torch Partners acted as financial adviser to Five Arrows.

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