Clearlake Capital Group LP, has made a significant equity investment in Dodge Construction Network, an independent data platform supporting the commercial construction industry. The deal will accelerate Dodge’s strategic growth plan; existing partner, Symphony Technology Group, will remain an equal partner with Clearlake.

DCN serves the commercial construction industry and provides subscription-based data, insights, market intelligence, discovery and networking through its proprietary data base of construction data. The firm today has over 10 billion proprietary data elements, over 60 million annual messages, over 1 million users and 40,000 customers.

“As a clear leader in the category, DCN is well positioned to leverage its unmatched proprietary technology, analytics and data capabilities to lead accelerated adoption as the industry undergoes a significant digital transformation over the coming decades,” said Behdad Eghbali, co-founder and managing partner.

“Clearlake and STG have deep technology expertise with proven track records of enhancing value for their portfolio companies, and their continued investment in DCN validates our compelling organic and M&A driven growth plans,” commented Dan McCarthy, DCN CEO.

Deutsche Bank Securities Inc., UBS Investment Bank, Wells Fargo, BMO Capital Markets and Security Benefit provided debt financing supporting the transaction. Sidley Austin LLP served as legal counsel to Clearlake and Paul Hastings LLP served as legal counsel to STG and DCN.