Banneker Partners PortCo XBE Announces Growth Investment from PSG to Help Accelerate Product and Community Growth

Banneker Partners' portfolio company XBE Holdings, Inc., the system of action and superworkforce for heavy materials, logistics and construction, has announced a growth investment from PSG, a leading growth equity firm that partners with software and technology-enabled services companies to capitalize on transformational expansion. The investment will support faster product innovation and scale to build on XBE's strong agentic platform.

Orrick represents Banneker Partners.

THE COMPANIES

Banneker Partners invests in growing, mission-critical software businesses to drive sustainable long-term value.

XBE is the system of action and superworkforce for heavy materials, logistics and construction, serving industry-leading customers across North America. Its unified platform integrates scheduling, dispatch, pricing, financial management, telematics, analytics, and bid forecasting into one cohesive system, enabling contractors and producers to scale with confidence, maximize profitability, and reinvest in growth.

PSG is a growth equity firm that partners with software and technology-enabled services companies to help them navigate transformational growth, capitalize on strategic opportunities, and build strong teams.

THE IMPACT

"XBE has grown substantially since our initial investment while preserving its distinct culture," said Matt McDonald, Partner at Banneker Partners. "Sean and the team have paired ambitious product development with operational discipline and a deep commitment to customers. We are proud to remain invested and look forward to working with PSG in the company's next chapter."

THE TEAM

Orrick's Zac Padgett and David Ruff led the team that advised Banneker Partners, which also included Derek Jones, Catherine Conners and Hilary Finkelstein as well as Blake Dewveall, Sky Stallbaumer, Graeme MacDiarmid, Jason Flaherty, Keith Tidwell, Sharon Zhou, Christina Bouchot, Seth Burns, Eric Wall, Grace Guan, Jennifer Criss, Jose Lamarque, Tiantian Shi, Harry Clark, Shruthi Maganti, Matthew Coleman, Bianca Ponziani, Enny Olaleye, Craig Falls, Danielle Mangogna, James Kramer, Kristin Petersen, Chantal Fillon, Millay Kogan, Jonathan Gevas, Debbie Abernathy and Eugene Clark-Herrera.

LEARN MORE

• XBE's Official Announcement
• Read More Orrick Client Results