Tough Commerce Strengthens Position in Construction Sector with AgileTQ Acquisition

News Summary

Tough Commerce, a Toronto-based company, has acquired AgileTQ, a software provider specializing in automation for concrete supply operations. This acquisition aims to enhance Tough Commerce’s capabilities, solidifying its leadership in job management systems within the construction sector. The integration of AgileTQ’s solutions is expected to improve operational efficiencies and deepen Tough Commerce’s expertise, promising a more streamlined experience for clients in asset-based construction.

Tough Commerce Strengthens Position in Construction Sector with AgileTQ Acquisition

In a significant move for the construction industry, Tough Commerce, a Toronto-based company that focuses on modern job management software for asset-based construction businesses, has acquired AgileTQ, a software provider specializing in automation for concrete supply operations. While the financial details of this acquisition weren’t disclosed, it is expected to enhance Tough Commerce’s capabilities and further solidify its role as a leader in job management systems.

The acquisition of AgileTQ is seen as a key strategy to expand Tough Commerce’s software offerings and deepen its expertise within the construction domain. The move will allow Tough Commerce to continue building its network and relationships in the industry, thereby strengthening its competitive edge in the market for job management solutions.

AgileTQ and its Innovative Solutions

Founded in 2022 by Zach Kirkham, AgileTQ has developed a product named PumpTrack. This software is designed to provide real-time job insights, streamline quote-to-bill workflows, and automate lien paperwork. With such capabilities, PumpTrack aims to improve cash flow and job management for concrete pumping companies across North America.

As a direct result of the acquisition, all members of AgileTQ’s team are now integrated into Tough Commerce. This includes industry veteran Joe Sostaric, who brings over 40 years of experience in the concrete industry and is recognized as a thought leader within the ACPA (American Concrete Pumping Association).

Tough Commerce’s Vision and Commitment

Tough Commerce is headed by CEO Ronald Richardson and specializes in providing job management software tailored for various asset-based construction sectors including volumetric concrete, concrete pumping, hydrovac excavation, and bins. The company collaborates with several prominent equipment manufacturers, such as Holcombe Mixers, Bay-Lynx Manufacturing, and Blend Plants, to enhance its offerings.

Moreover, Tough Commerce integrates with various partners, including Stripe, Sage, Avalara, Samsara, QuickBooks, and Geotab, to provide its customers with a comprehensive solution that simplifies their operational needs.

Implications of the Acquisition

As a result of this acquisition, Tough Commerce is expected to deliver enhanced value to its customer base. The integration of AgileTQ’s technology is aimed at providing clients with improved control over their operations, better insights into their job management processes, and a more streamlined experience overall. This move is aligned with Tough Commerce’s ongoing commitment to supporting the construction industry and enriching the customer experience.

The acquisition demonstrates Tough Commerce’s strategic focus on cultivating a robust platform that not only meets the current demands of the market but also positions the company for future growth. The combination of resources and expertise between Tough Commerce and AgileTQ is anticipated to usher in higher standards in job management across the construction sector.

As Tough Commerce continues to expand its capabilities, stakeholders in the asset-based construction industry can look forward to a more enhanced set of tools and solutions designed to meet their evolving operational needs, thereby facilitating smoother and more effective job management processes going forward.

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Additional Resources

• FinSMEs: Tough Commerce Acquires AgileTQ
• Wikipedia: Construction Industry
• PR Newswire: Tough Commerce Acquires AgileTQ
• Google Search: Tough Commerce AgileTQ Acquisition
• Canadian Manufacturing: Tough Commerce Announces Acquisition of AgileTQ
• Encyclopedia Britannica: Job Management
• The Globe and Mail: Tough Commerce Acquires AgileTQ
• Google News: Tough Commerce AgileTQ