Levelset, a construction software company, has signed a definitive agreement to be acquired by Procore Technologies, Inc. for $500 million. Jones Walker partners Asher Friend, Adam Matasar, and Ted Jones led the firm’s legal team representing Levelset in this transaction.

The acquisition, scheduled to close in the fourth quarter of 2021, includes approximately $425 million in cash and $75 million in stock. This strategic acquisition, the largest since Procore’s inception, will help to simplify lien management workflows for construction and accelerate the payment process. For more details about the acquisition, please read the press release.                

About Levelset
Levelset (Levelset.com) is a construction software company that helps the construction industry simplify compliance and payment processes, decrease financial risks, and improve cash flow. Levelset is headquartered in New Orleans, Louisiana, with offices in Austin, Texas, and Cairo, Egypt, and has approximately 300 employees. 

About Procore
Procore (Procore.com) is a leading provider of construction management software. Over 1 million projects and more than $1 trillion USD in construction volume have run on Procore's platform. The platform connects every project stakeholder to solutions built specifically for the construction industry — for the owner, the general contractor, and the specialty contractor. Headquartered in Carpinteria, California, Procore has offices around the globe.