HPA Announces An Acquisition, It’s First!

HPA has been in existence since April of 2007, and actively began making investments in August of 2007.  One of our early investments was a cutting edge commercial construction communication network called Gradebeam.  Few could forecast the financial melt down of October 2008, and the melt down in commercial real estate as well.  

But Gradebeam stuck to it.  Credit their CEO Bryan Jurewicz for keeping Gradebeam moving along.  HPA angel Doug Monieson served on the Gradebeam Board of Directors, and did a lot to help the company.  Many other Hyde Park Angels pitched in when the company needed or asked for our help.  In one of the most challenging financial environments that we have ever seen, Gradebeam soldiered on. 

Today we are happy to announce that Gradebeam has been acquired by Textura Corporation.   The terms of the deal are not public, but HPA is excited for Gradebeam and it’s employees.  We are also happy for our organization.  Our student associates helped us screen the deal when it first came in.  Our Screening Committee worked through the deal and we presented Gradebeam at our December 2007 meeting.  Gradebeam’s exit helps us validate our process.  

Here is a link to the press release.  Let’s raise a glass of champagne and toast Gradebeam and Textura on a job well done.  We are looking for big things from you guys in the future.  

HPA has plenty of great companies left in its portfolio.  Why not take a look at them and see if you can become a customer? 
  
Advertisements

One thought on “HPA Announces An Acquisition, It’s First!

  1. We at GradeBeam.com are proud to have worked with HPA and can’t say enough about the thanks and respect we have for their professionalism. HPA is a reputable group and a refreshing bright spot in a financial world where investors and entrepreneurs need to be cautious. Cheers and thanks for everything HPA!

    Like

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

Advertisements
%d bloggers like this: