Norbert Orth appointed as new CEO of Beck Technology [Photo: HeadLight]
North Carolina-based Pamlico Capital has made a strategic growth investment in Dallas-based Beck Technology, a leading preconstruction platform for contractors.
Norbert Orth, a senior software executive with extensive construction technology experience, will join Beck Technology as CEO, Pamlico said.
Beck Technology President Stewart Carroll, Chief Technology Officer Mike Bolen, and other management members will maintain ownership of Beck Technology and continue to lead its day-to-day operations, Pamlico said.
Peter Beck, founder and chairman of Beck Technology, will also maintain ownership of the company.
“Construction affects everyone on the planet”
Peter Beck III, Founder and Chairman, Beck Technology [Photo: Beck Technology]
“Construction impacts everyone on the planet. Preconstruction processes allow contractors to make better, more informed decisions and project outcomes are better and more predictable. ” Peter Beck said in a statement. “Pamlico's deep expertise in partnering with founder-owned software businesses like ours makes them the ideal partner for this next phase of growth.”
Beck Technology said it serves more than 200 customers, including some of the world's largest and most sophisticated contractors.
Its platform is built by contractors who understand the challenges their customers face, and features solutions that deliver a modern, streamlined experience that drives precision, efficiency, and consistency during preconstruction. Beck said.
“I couldn't be more excited to work with Pamlico and Norbert,” Carroll said in a statement. “They believe in our vision, and their relevant software experience and resources will accelerate the pace at which we can deliver for our customers.”
Orth is the former CEO of Dexter & Chaney, a Pamlico portfolio company and leading ERP platform for commercial contractors.
“Unique corporate culture”
“I strongly believe that Beck Technology is a special company with a unique culture,” Orth said in a statement. “The team has an incredible passion for their product and this market, and as a result the company has built a strong base of satisfied customers. I'm really excited to be joining this business. .”
Pamlico partner Eric Wilkins and vice president Larsen Jones said Beck Technology has a unique leadership position in preconstruction technology.
“We look forward to working with the management team to continue expanding our product platform and building a best-in-class, integrated preconstruction solution,” they said.
Shea & Co. served as exclusive financial advisor to Beck Technology.
Pamlico Capital is a private equity firm founded in 1988. We invest in growing middle market companies in North America.
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