Trackunit Secures Investment from Goldman Sachs Alternatives to Accelerate Growth

Trackunit, a global leader in software and contech solutions for the construction industry, has announced an investment from Goldman Sachs Alternatives. This strategic partnership will enable Trackunit to scale its business and further embed digital solutions across the construction ecosystem. The investment marks the next chapter in Trackunit's ambitious growth journey and will see current majority stakeholder Hg continue to reinvest in the company's future.

Goldman Sachs Alternatives previously owned Trackunit from 2015 until 2021 when Hg acquired the business. The new partnership will leverage Goldman Sachs Alternatives' global network and differentiated value creation capabilities to support meaningful expansion of Trackunit's product capabilities and operations. With Hg and Goldman Sachs Alternatives as shareholders, Trackunit has an ideal shareholder base to continue investing in cutting-edge product development, technology, people, and further expansion as part of its mission to eliminate downtime in the construction industry.

Trackunit is at the forefront of the digital transformation of the construction sector, offering a verticalized operating data platform that generates valuable data-driven insights via an industry-leading data lake. The company's software and IoT connectivity solutions uniquely support the entire construction ecosystem, serving equipment manufacturers, rental companies, contractors, and ecosystem tech partners. With approximately 400 employees, Trackunit serves a global diversified customer base spanning the full construction value chain.

Hg, the Manager of HgCapital Trust plc, has announced an investment in Trackunit alongside other institutional clients of Hg through the Hg Genesis 9 Fund. HgCapital Trust plc will invest approximately £29.3 million in Trackunit, with other institutional clients of Hg investing alongside HGT through the Hg Genesis 9 Fund. The investment will reduce HGT's outstanding commitments to invest in Hg transactions to approximately £513 million (39% of the 28 February 2021 pro-forma NAV).

Trackunit's unique position at the intersection of IoT, SaaS, and construction tech contributes to its competitive advantage by enabling the company to offer a comprehensive, data-driven solution for the construction industry. By leveraging IoT technology, Trackunit can connect off-highway vehicles, equipment, and sites, generating valuable data that can be analyzed and used to optimize operations and improve efficiency. With its SaaS platform, Trackunit can process and analyze the data collected from connected assets in real-time, delivering actionable insights to customers. This enables contractors, rental companies, and equipment manufacturers to make data-driven decisions, reduce downtime, and improve overall performance.

To drive innovation and growth in the global construction market, Trackunit can expand its customer base, invest in product development and technology, leverage its global reach and expertise, strengthen partnerships and integrations, and further embed digital solutions across the construction ecosystem. With the support of its new shareholder base, Trackunit is well-positioned to achieve its long-term goals and make a significant impact on the construction industry.



In conclusion, Trackunit's investment from Goldman Sachs Alternatives marks a significant milestone in the company's growth journey. With the support of its new shareholder base, Trackunit is poised to scale its business, further embed digital solutions across the construction ecosystem, and drive innovation and growth in the global construction market. The company's unique position at the intersection of IoT, SaaS, and construction tech provides it with a competitive advantage, enabling it to offer a comprehensive, data-driven solution for the construction industry.