07 MAY 2024 / M&A UPDATES

RKL eSolutions Expands Construction and Real Estate Development Expertise through Techware Acquisition

- MYCPE ONE Insights Team

Summary

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RKL eSolutions, a leader in ERP software and IT consulting, has acquired Techware, a software solutions specialist for the construction industry. The acquisition aims to bolster RKL eSolutions' Construction and Real Estate Development (CRE) practice and offer comprehensive solutions throughout the lifecycle of construction projects, with a team from Techware, including its former CEO, joining RKL.

RKL eSolutions, a nationally recognized leader in ERP software and IT consulting, has announced the acquisition of Techware, a Minnesota-based Sage business partner. This strategic move aims to enhance RKL eSolutions' Construction and Real Estate Development (CRE) practice and expand its offerings to clients.

About Techware

Techware is a Sage business partner specializing in providing software solutions tailored for the construction industry. With over 30 years of experience, Techware offers a comprehensive suite of services, including sales, implementation, training, consulting, and reporting. Their software solutions encompass accounting, estimating, project management, procurement, service management, and property management, all designed to meet the unique needs of home builders, remodelers, general contractors, plumbers, electricians, landscapers, and property managers.

Strategic Implications

The acquisition of Techware enables RKL eSolutions to leverage its existing expertise in the Mid-Atlantic region and expand its offerings to former Techware clients. Joe Noll, president of RKL eSolutions, stated, "With the construction and real estate development expertise of RKL in the Mid-Atlantic region and the existing expertise on the RKL eSolutions team, we'll be able to expand the offerings available to former Techware clients as we continue to develop our construction portfolio."

Steve Pierce, former CEO of Techware, and his team will join RKL eSolutions as part of the acquisition. Pierce expressed enthusiasm about the combined capabilities, stating, "I am excited to expand our offerings and deepen our bench. The combined expertise will deliver complete lifecycle solutions to our clients from pre-construction to management and maintenance, built for the mobile workforce in the cloud."

This acquisition marks a significant expansion of RKL eSolutions' construction and real estate development practice, positioning the firm to offer comprehensive solutions across the entire lifecycle of construction projects.

About RKL eSolutions

RKL eSolutions is a business management software and IT/networking solutions provider with offices throughout the United States. As part of the RKL LLP family of brands, the company delivers business software, technical support, and networking solutions to clients across various sectors, including entertainment, software, professional services, construction and real estate development, manufacturing, and nonprofit organizations.

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RKL eSolutions Expands Construction and Real Estate Development Expertise through Techware Acquisition

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