Founders Advises O3 Solutions in Recapitalization by M33 Growth

BIRMINGHAM, AL. (May 30, 2024) – Founders is pleased to announce that O3 Solutions has been recapitalized by M33 Growth, a Boston-based growth-stage investment firm, to accelerate growth, support ongoing client success, and advance product innovation. O3 Solutions, a global leader in Construction Project Management software, provides a unified solution suite with sophisticated work package management across the entire project lifecycle from concept through commissioning. O3 Solutions was exclusively advised by principals of Founders Advisors LLC in this transaction.

Founded by Josh Girvin in 2016, O3 Solutions’ proprietary Advanced Work Packaging software offers an environment for all project stakeholders across the Owner, EPC, Contractors, Sub-Contractors, and Vendors in industrial capital assets to collaborate, organize, plan, track and manage work from the office to the jobsite.

“The M33 Growth investment validates the growing demand for Construction Project Management software and shows confidence in O3’s growth plans,” said Josh Girvin, O3 CEO and Co-Founder. “When searching for an investment partner, we made it a priority to find a firm that had a track record of accelerating growth with leading software businesses focused on growth, client-success, and innovation. With their extensive experience in construction software, M33 is the perfect fit for O3’s growth and future.”

M33’s investment in O3 Solutions is a testament to the company’s ability to improve project execution for its users. Having been utilized on more than 500 global projects since 2016, O3’s platform is scalable to address the needs of any project size or type and support Owner-Operators, EPC firms, and Contractors from the executives to users in the field.

“Stakeholders across complex construction and engineering projects are eager to adopt innovative technologies with proven track records of improving project outcomes. In particular, purpose-built construction project management software provides mission-critical solutions to optimize personnel and materials constraints, while increasing project performance visibility and collaboration. We see meaningful opportunity for O3 to enable enterprises to more effectively manage project timelines and prevent cost overruns,” said M33 Growth Vice President Nate Ellis. “We are enthusiastic about deepening O3’s customer-centric approach through additional investment in customer support and innovation to support the company’s continued growth and development of the leading project management software for industrial capital assets,” said Mike Anello, Co-Founder and Managing Director of M33 Growth.

“We are excited to see O3 Solutions thrive under its newly established partnership with M33 Growth,” said Chris Weingartner, Managing Director at Founders Advisors. “Josh and the O3 team have built an innovative and comprehensive Advanced Work Packaging suite that optimizes its users’ ability to manage construction projects of all scopes and sizes. We look forward to seeing what the future holds for O3 and believe they have found the perfect partner in M33 Growth.”

About O3 Solutions

O3 is a market leading agile software built specifically to support Construction Project Management. The company’s unified solution suite provides sophisticated work package management across the entire project lifecycle from concept through commissioning. No matter the size of the project, from small cap to mega projects, O3 is scalable and can support your Advanced Work Packaging journey. To learn more, please visit

About Founders Advisors

Founders is a merger, acquisition, & strategic advisory firm serving middle-market companies. Founders focuses on helping companies across technology, business services, consumer, energy, industrial, and healthcare industries. Founders’ skilled professionals, proven expertise, and process-based solutions help companies access growth capital, make acquisitions, and/or prepare for and execute liquidity events to achieve specific financial goals. In order to provide securities-related services discussed herein, certain principals of Founders Advisors, LLC are licensed with Founders M&A Advisory, LLC, member FINRA and SIPC. Founders M&A Advisory, LLC is a wholly owned subsidiary of Founders Advisors, LLC. Founders Advisors, LLC does not provide investment advice. For more information, please visit