PSG has made a growth investment in XBE, a Kansas City, Missouri‑based business operations software provider for heavy materials, logistics and construction, for undisclosed terms. XBE was founded in 2017 and its founder and CEO, Sean Devine, will retain a significant ownership stake and continue to lead the company. Banneker Partners also participates in the investment and will hold a substantial ownership position. "XBE’s founder‑led, customer‑driven approach is a major reason we chose to invest," said Bill Skarinka, managing director at PSG.

Piper Sandler served as the exclusive financial advisor to XBE and Banneker Partners, while Orrickतान्, Herr convivencia & Sutcliffe LLP provided legal advice to the company. Weil, Gotshal & Manges LLP acted as legal counsel to PSG, and RBC Capital Markets, LLC served as PSG’s exclusive financial advisor.

The deal minerally expands PSG’s footprint in the construction software segment, positioning it to leverage XBE’s technology for improved logistics and project execution across the industry.

Overall, the partnership underscores PSG’s commitment to backing founder‑led firms that deliver tangible value to customers in capital‑intensive sectors.