M&A
confidence high
sentiment positive
materiality 0.75
Procore completes acquisition of Levelset for $500M to add lien management platform
PROCORE TECHNOLOGIES, INC.
- Acquisition totaled ~$500M: $425M cash plus ~$75M in 810,169 shares of Procore common stock.
- Levelset adds lien rights management to Procore's construction software platform.
- Procore CEO Tooey Courtemanche cites payment process improvement and complementary data assets.
- This acquisition follows Procore's purchase of LaborChart, expanding its construction dataset.