Hyphen Solutions, a market leader in supply chain management services for the North American home building industry, announced today an investment from PWP Growth Equity, a private equity fund managed by Perella Weinberg Partners that invests in leading, growth-oriented, lower middle market companies. Terms of the investment were not disclosed.
The partnership with PWP Growth Equity will allow Hyphen to accelerate its investment in its people, systems and processes, and will enable the Company to add new customers and software products. As part of this transaction, Felix Vasquez, President and Chief Technology Officer of Hyphen, has been named Chief Executive Officer of the Company.
Hyphen provides cloud-based supply chain management, collaboration, and scheduling solutions for homebuilders and their suppliers. The Company uses a software-as-a-service delivery model to help homebuilders and their suppliers manage projects with greater accuracy and efficiency, while minimizing construction time and labor hours. Hyphen has two primary software offerings: BuildPro and SupplyPro. BuildPro serves production homebuilders, including 11 of the top 15 U.S. homebuilders, as a real-time scheduling, collaboration, and supply chain management tool. SupplyPro works in tandem with BuildPro to deliver a full workflow automation system for suppliers as well as an interface to superintendents.
The combined systems allow real-time access to job scheduling, purchase orders, and invoicing for all participants. Together, BuildPro and SupplyPro increase efficiency, transparency, and accountability for all the stakeholders in the homebuilding process. Hyphen provides insights on key data points throughout the construction process that enable customers to better manage their businesses at the local, regional, and national levels.
Mr. Vasquez said, “For more than 20 years, Hyphen has been a leading provider of supply chain management software to our homebuilder, distributor, manufacturer, and supplier clients. As we look to the future, we are excited to be partnering with PWP Growth Equity, a team that has a successful track record and significant experience helping companies drive growth. Their investment is a testament to our growth potential, and it will allow us to expand and accelerate our leadership in the space.”
Chip Baird, Co-head of PWP Growth Equity, said, “We are pleased to be partnering with Felix and the Hyphen team to help the company further grow and develop. Hyphen has established market leading services, and we believe our investment, alongside the leadership of Felix and his team, will help the firm to capitalize on the significant opportunities that exist in the industry.”
As part of the investment, Mr. Baird; David Ferguson, Co-Head of PWP Growth Equity; and Henry Heinerscheid, Director of PWP Growth Equity, will join Mr. Vazquez and David Deniger, Hyphen’s Founder and Chairman, on Hyphen’s Board of Directors.
Vaquero Capital served as financial advisor to Hyphen on this investment.
About Hyphen Solutions, LLC
Hyphen Solutions, LLC provides over 40,000 builders, installers, and manufacturers with industry leading supply chain scheduling, procurement, and collaboration solutions for North America’s top home builders and their suppliers. Hyphen’s SaaS applications delivers greater operational control, better communications and increased productivity for both home builders and their building partners who use our applications. The Hyphen Network services over 400 builder divisions which built more than 125,000 new homes in 2015. This existing network executed over 17 million home builder purchase orders last year totaling in excess of $19 billion in PO dollars.
