XBE Announces Strategic Investment from Banneker Partners
Focus on Accelerating Innovation and Growth

KANSAS CITY, MO, January 25, 2024 -- XBE, the operations management software platform for the horizontal construction industry, today announced a significant investment from Banneker Partners, a leading private equity firm specializing in enterprise software. This investment will enable XBE to increase its pace of innovation and expansion.

“We’ve partnered with Banneker to leverage their capital and proven expertise to accelerate the delivery of more value to more customers,” said Sean Devine, Founder and CEO of XBE. “We wouldn’t have this opportunity without the support of our customer community, and the dedication of our incredible team. We’re excited to start this next chapter together.”

XBE established itself as the market leader in orchestrating the operations of the horizontal construction industry by solving difficult challenges in innovative ways. The company’s software platform includes materials, logistics, and construction management capabilities for the asphalt, concrete, aggregate, and site work segments. XBE is integrated with dozens of upstream and downstream systems, and is relied on by users at all levels, inside and outside of customer organizations. XBE’s steady growth is thanks to customer referrals, and is just getting started.

Matt McDonald, Partner at Banneker Partners, commented on the investment, “We’ve been interested in the construction space for years. With XBE, we believe that we’ve found the winning platform. We are excited to partner with Sean and his team to build upon their success by investing to enhance the product and deliver more value for customers.”

About XBE
XBE is a leader in operations management software for the horizontal construction industry. It offers an integrated solution encompassing materials, logistics, and construction management. Known for its robust platform, extensive integrations, and excellent support, XBE drives efficiency, growth, and risk management for customers. For more information, visit https://www.x-b-e.com

About Banneker Partners
Banneker Partners specializes in investing in and growing enterprise software businesses. They focus on sustainable value through best practices, growth initiatives, and strategic acquisitions, supporting founders and management teams in enhancing customer value. Learn more at https://www.bannekerpartners.com

Contact Information:
Sean Devine
Founder & CEO, XBE