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Announced

Completed

Potentia Capital completed the acquisition of a 37% stake in EstimateOne.

Synopsis

Potentia Capital, a private equity firm, completed the acquisition of a 37% stake in EstimateOne, a construction company. Financial terms were not disclosed. “We are delighted to support EstimateOne in its next phase of growth. We’ve been highly impressed by EstimateOne’s founders and management team, the exceptional workplace culture and calibre of talent, the care and thought that has been given to the company’s vision and values, and its strong market position with a deeply engaged network of more than 50k builders, subcontractors and suppliers across Australia. We believe the construction sector is on the cusp of significant tech-led innovation, and look forward to supporting EstimateOne grow its leadership position in Australia and offshore," Michael McNamara, Potentia Capital Partner.

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