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Investment will accelerate growth initiatives
June 21, 2016 10:00 AM Eastern Daylight Time
ADDISON, Texas–(BUSINESS WIRE)–Hyphen Solutions (“Hyphen” or “the Company”), a market leader in supply chain management services for the North American homebuilding industry, announced today an investment from PWP Growth Equity, a private equity fund managed by Perella Weinberg Partners that invests in leading, growth-oriented, lower middle market companies. Terms of the investment were not disclosed.
The partnership with PWP Growth Equity will allow Hyphen to accelerate its investment in its people, systems and processes, and will enable the Company to add new customers and software products. As part of this transaction, Felix Vasquez, President and Chief Technology Officer of Hyphen, has been named Chief Executive Officer of the Company.
Hyphen provides cloud-based supply chain management, collaboration, and scheduling solutions for homebuilders and their suppliers. The Company uses a software-as-a-service (“SaaS”) delivery model to help homebuilders and their suppliers manage projects with greater accuracy and efficiency, while minimizing construction time and labor hours. Hyphen has two primary software offerings: BuildPro and SupplyPro. BuildPro serves production homebuilders, including 11 of the top 15 U.S. homebuilders, as a real-time scheduling, collaboration, and supply chain management tool. SupplyPro works in tandem with BuildPro to deliver a full workflow automation system for suppliers as well as an interface to superintendents. The combined systems allow real-time access to job scheduling, purchase orders, and invoicing for all participants. Together, BuildPro and SupplyPro increase efficiency, transparency, and accountability for all the stakeholders in the homebuilding process. Hyphen provides insights on key data points throughout the construction process that enable customers to better manage their businesses at the local, regional, and national levels.
Mr. Vasquez said, “For more than 20 years, Hyphen has been a leading provider of supply chain management software to our homebuilder, distributor, manufacturer, and supplier clients. As we look to the future, we are excited to be partnering with PWP Growth Equity, a team that has a successful track record and significant experience helping companies drive growth. Their investment is a testament to our growth potential, and it will allow us to expand and accelerate our leadership in the space.”
Chip Baird, Co-head of PWP Growth Equity, said, “We are pleased to be partnering with Felix and the Hyphen team to help the company further grow and develop. Hyphen has established market leading services, and we believe our investment, alongside the leadership of Felix and his team, will help the firm to capitalize on the significant opportunities that exist in the industry.”
As part of the investment, Mr. Baird; David Ferguson, Co-Head of PWP Growth Equity; and Henry Heinerscheid, Director of PWP Growth Equity, will join Mr. Vazquez and David Deniger, Hyphen’s Founder and Chairman, on Hyphen’s Board of Directors.
Vaquero Capital served as financial advisor to Hyphen on this investment.
About Hyphen Solutions, LLC
Hyphen Solutions, LLC provides over 40,000 builders, installers, and manufacturers with industry-leading supply chain scheduling, procurement, and collaboration solutions for North America’s top home builders and their suppliers. Hyphen’s SaaS applications delivers greater operational control, better communications and increased productivity for both home builders and their building partners who use our applications. The Hyphen Network services over 400 builder divisions which built more than 125,000 new homes in 2015. This existing network executed over 17 million home builder purchase orders last year totaling in excess of $19 billion in PO dollars.
Hyphen’s product base includes: Hyphen BuildPro for scheduling, Hyphen SupplyPro for trade management, Hyphen BidConnect for bidding, Hyphen SupplyPro Connect for trade automation, Hyphen Inspections for punchlist management, Hyphen Storm Water Inspections Management for SWPPP inspections, Hyphen Progress Pay for land management, Hyphen Lien Release for lien waiver management, and Hyphen Warranty for homeowner satisfaction.
To learn more about Hyphen, please visit www.hyphensolutions.com, or contact Hyphen Solutions at email@example.com or 972-728-8100.
About Perella Weinberg Partners (PWP) Growth Equity
PWP Growth Equity is a $600 million private equity fund managed by Perella Weinberg Partners Capital Management LP. PWP Growth Equity is focused on growth-oriented, lower middle market companies, primarily in the United States, across the consumer, services, and industrial sectors. PWP Growth Equity seeks to partner with existing owners and management teams, providing both capital and experience in a tailored and flexible structure, to support the growth plans and vision for value creation.