On November 16, 2021, Hilti Group, a global leader in innovative tool and fastening solutions, technology, software, and services for the commercial construction industry, announced that it has entered into an agreement to acquire Fieldwire, a San Francisco-based construction technology company, for an approximate $300 million. The strategic acquisition will bring together Fieldwire's best-in-class product and Hilti's global brand and market reach to help drive productivity at contractors and on construction sites. Wilson Sonsini Goodrich & Rosati represented Fieldwire in the transaction.
With Hilti's support, the team at Fieldwire will expedite the work on building the preferred digital solution for construction professionals in the market. Not only will all current Fieldwire team members be invited to stay with Hilti Fieldwire under the continued leadership of the two founders, Yves Frinault and Javed Singha, but additional efforts will also be made to significantly grow the team. The acquisition is expected to close in Q4 2021 and is subject to standard closing conditions, including regulatory approvals.
The Wilson Sonsini team that advised Fieldwire on the transaction includes:
M&A
Rich Mullen
Brian Chan
Imani Ivery
Corporate
Yokum Taku
Avi Emanuel
Technology Transactions
Chris Paniewski
Dena Smith
Privacy and Cybersecurity
Matt Staples
Daniel Chen
Edward Ruse
Benefits and Compensation
Mark Cornillez-Ty
Jason Chan
Employment
Rebecca Stuart
JeAnne Reyes
National Security
Josh Gruenspecht
Tarek Helou
Anne Seymour
Seth Cowell
Real Estate
James McCann
Brooke Elberger
Sierra Bunnell
Environmental
Martin Sul
For more information, please see the press release.