Blueprint for Success: The Riverside Company Invests in Contruent

The Riverside Company, a global investment firm focused on the smaller end of the middle market, has invested in Contruent, an Illinois-based provider of lifecycle cost management software for owners of large capital assets and their contractors.

Founded in 1995, Contruent provides mission-critical tools to manage complex, multi-billion-dollar projects across various industries. Its software enables detailed budgeting, contract management, procurement and real-time project monitoring, helping customers identify cost overruns, forecast outcomes and optimize resources throughout the life of a project. Today, Contruent operates in more than 26 countries and supports some of the largest, most complex capital projects in the world, including high-speed rail systems, mining operations, nuclear plants, highways and data centers, among others.

“Contruent is a best-of-breed platform that helps organizations manage some of the world’s most complex and costly infrastructure projects with precision and transparency,” said Riverside Managing Partner Loren Schlachet. “We see a significant opportunity to accelerate growth by investing in product development, expanding sales and marketing and pursuing select add-on investments.”

Contruent CEO Ryan Kubacki added, “We are excited to partner with Riverside, whose global experience scaling enterprise software companies will help us meet the growing demand for lifecycle cost management solutions. Working with Riverside, we’ll continue to build on our mission to be the vendor of choice and preferred software tool through ongoing training, marketing and other efforts targeted at the cost engineering profession. Together, we will empower asset owners and contractors to deliver their most ambitious projects on time and on budget.”

Contruent is another example of Riverside’s commitment to investing in the Software & IT industry. The firm has completed over 290 investments in the sector and has a team of global experts dedicated to growing companies in this specialization.

“Contruent has established itself as a trusted partner on some of the most demanding capital programs worldwide,” said Riverside Senior Partner Brian Sauer. “Its software delivers the clarity and control that owners and contractors need to manage risk, drive accountability and maximize project outcomes. We’re thrilled to partner with the team to continue scaling Contruent’s capabilities and bring even greater efficiency and insight to customers.”

Working alongside Schlachet and Sauer were Riverside Principal Chris Shea, Assistant Vice President Caroline Quoyeser, Assistant Vice President Max Simon, Associate Reece Quigley, Operating Partner Sumit Nijhawan, Group CFO Jana Bell and Senior Director of Sales Zack Torman. Managing Partner, Origination, Jeremy Holland and Partner, Origination, Cheryl Strom sourced the deal for Riverside.