Mergers & Acquisitions ·
On July 27, 2026, Procore Technologies, Inc. entered into a definitive Agreement and Plan of Merger to acquire…
PCORProcore Technologies, Inc.
On July 27, 2026, Procore Technologies, Inc. entered into a definitive Agreement and Plan of Merger to acquire DroneDeploy, Inc., for approximately $845 million in cash, subject to customary adjustments. The transaction involves a merger where DroneDeploy will become a wholly-owned subsidiary of Procore. To fund the acquisition, Procore secured a debt financing commitment from Goldman Sachs Bank USA for up to $700 million via a 364-day senior secured bridge loan facility. The deal includes a retention pool for certain DroneDeploy service providers and is expected to close by the end of 2026, pending stockholder approval and regulatory clearances such as Hart-Scott-Rodino expiration. Procore Technologies, Inc. operates in the construction technology industry, providing cloud-based construction management software.