Capstreet Acquires hh2 Cloud Services, a Leading Software Provider for the Construction Industry | Texas News

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HOUSTON, February 2, 2022 /PRNewswire/ — The Capstreet Group (“Capstreet”), a Houstonlower-middle-market private equity firm, today announced that it has acquired hh2 Cloud Services (“hh2” or “the Company”), a leading provider of software for the construction industry. Financial terms of the transaction were not disclosed.

Founded in 2004 and based in Kaysville, UT, hh2 is a provider of modular software solutions that help construction companies efficiently manage their people and field operations, with streamlined integration into their core ERP system software. hh2’s solutions enable contractors to perform essential business functions such as payroll, invoice routing and approval, payment requests, compliance, daily logging, dispatching and various HR tasks with more convenience, efficiency and productivity. The Company’s software integrates with leading construction ERP platforms and several project management software platforms. CEO Devon Dorrity and the senior management team will remain with the Company.

“We are impressed with hh2’s powerful technology and integration capabilities, backed by a talented team, making it a solid platform from which to build our future construction software investments,” said Paul DeLissi, Partner at Capstreet. “The demand for software solutions in this industry has increased dramatically as companies look for ways to improve their operational efficiency. We look forward to working with Devon and the entire hh2 team as we seek to grow the business both organically and through strategic acquisitions.

“We are delighted to partner with the Capstreet team, leveraging their experience and resources to help us take advantage of new market opportunities and continue our growth,” said Mr. Dorrity. “Capstreet’s support will be a game changer for hh2 as we seek to add complementary solutions and expand our reach, while continuing to provide valuable technology and services to our partners and customers.”

About hh2 cloud services

After nearly two decades, hh2 Cloud Services® continues to advance cloud-based construction management solutions for the commercial construction space. hh2 offers solutions for Time Capture, Time Clock, Access Point Routing and Approval, Credit Card Transaction Coding, Refund Coding, Document Routing and Approval, payment requests, human resources, daily logs, service management, dispatch, data aggregation and pay stubs. hh2 also provides a robust and scalable build-as-a-service (iPaaS) integration platform with the Universal Build Model® (UCM®). Please visit www.hh2.com for more information.

About Capstreet Group

Founded in 1990, Capstreet invests in lower middle market software, technology services and industrial business services companies. With over 45 investments in the platform and over 200 follow-on acquisitions since inception, Capstreet’s investment strategy focuses on utilizing its Capvalue frameworkMT to accelerate growth and profitability, and create long-term sustainable businesses. The majority of Capstreet’s investments have been made in companies owned by founders or entrepreneurs. For more information, visit the Capstreet website, www.capstreet.com.

Contact:

Lambert & Co.

Jennifer Hurson845-507-0571, [email protected]

Where

Caroline Luz203-656-2829, [email protected]

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SOURCE The Capstreet Group

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