Freeths advises management on Eque2 acquisition

Freeths has provided strategic legal advice to the management team of Chalkstring Limited regarding its recent sale to Eque2, a prominent provider of construction software solutions. This acquisition is poised to reinforce Eque2's cloud-based product offering and facilitate its next phase of growth within the competitive construction technology marketplace.

Chalkstring stands out as a cloud-native platform specialising in estimating and cost management, tailored specifically for specialist contractors. Over the past nine years, the company has been instrumental in enabling construction firms to enhance project profitability and commercial performance, significantly improving their visibility of costs, revenue, and forecasting.

Eque2, backed by Bowmark Capital, is recognised as a leading provider of specialised software solutions for the construction industry, supporting contractors in various aspects including estimating, commercial management, project delivery, and financial management. The integration of Chalkstring’s technology is set to establish a robust foundation for Eque2’s next-generation estimating platform.

Olivia Johnson, Corporate Managing Associate at Freeths, commented on the transaction by saying, “Chalkstring has developed an innovative platform that addresses real challenges for specialist contractors. This transaction positions the business to build on that success as part of Eque2, and we were pleased to support the management team throughout the process.”

Sarah Crawford, Managing Director of Chalkstring, expressed her thoughts by stating, “We’re incredibly proud of what we’ve built at Chalkstring over the last nine years, and joining Eque2 marks an exciting next chapter for the business. The acquisition gives us the opportunity to build on everything we’ve achieved so far, while accelerating our joint vision for the product and bringing its benefits to a much wider market. Freeths were a fantastic partner throughout the transaction, providing clear, pragmatic advice and supporting us every step of the way.”

With this strategic move, both Chalkstring and Eque2 aim to enhance their offerings, ensuring that customers can enjoy improved estimating capabilities, commercial management, and financial control through a seamless digital workflow. The collaboration signals a promising future for both entities as they navigate the evolving landscape of construction technology together.