--- title: "Capstreet-backed hh2 Cloud Services Appoints New CEO and CFO" description: "KAYSVILLE, UT, August 9, 2022, hh2 Cloud Services (“hh2” or “the Company”), a leading provider of software for the construction industry, today announced..." url: https://capstreet.multisites.ai/news/capstreet-backed-hh2-cloud-services-appoints-new-ceo-and-cfo publisher: Capstreet phone: +1-713-332-2700 contact: https://capstreet.multisites.ai/contact --- # Capstreet-backed hh2 Cloud Services Appoints New CEO and CFO OtherPublished August 8, 20223 min read ![Capstreet team members at Houston Reads Day](https://capstreet.multisites.ai/_astro/houston-reads-day.DxNd9bIr_Z23gxjt.webp) KAYSVILLE, UT, August 9, 2022 – hh2 Cloud Services (“hh2” or “the Company”), a leading provider of software for the construction industry, today announced the appointment of Jamie Clymer as Chief Executive Officer and Patrick Sadler as Chief Financial Officer. Previous CEO Devon Dorrity will assume the position of CTO at the Company. hh2 is backed by Capstreet, a Houston-based lower middle market private equity firm. “Jamie brings to the table exceptional executive presence and experience running high-growth software businesses in rapidly changing industries,” said Paul De Lisi, Partner at Capstreet. “Patrick is a thoughtful communicator with experience in a variety of financial roles as well as both buy-side and sell-side M&A. We are thrilled to welcome both Jamie and Patrick to the team as they guide hh2 through its next stage of growth, both organically and through strategic acquisitions. We’re also excited about Devon’s new role as CTO as we continue working together to provide hh2’s customers with innovative technology offerings.” Mr. Clymer has extensive experience achieving revenue, profit and overall business growth objectives within rapidly changing SaaS and internet-media environments. Most recently, he was CEO of FRONTSTEPS, a leading SaaS and mobile platform for Association Management Companies and Association Boards. Prior to that, he was Executive Vice President at RealPage, a leading SaaS provider of property management solutions for the multi-family, commercial, single-family and vacation rental housing industries. As part of his tenure as Vice-President and General Manager for Hotpads.com, he engineered the sale of the company to Zillow in 2012. Mr. Clymer holds a bachelor’s degree in marketing from Kent State University. “I’m excited to join hh2 and to draw on my background in the SMB real estate space while the Company moves into its next phase,” said Mr. Clymer. “I look forward to working collaboratively with hh2 and Capstreet to execute a strategic plan that meets the overall vision of the Company.” Mr. Sadler joins hh2 from global technology company swipejobs, where he was Chief Financial Officer. His other previous engagements include turns as Chief Financial Officer for CHC Consulting, a subsidiary of Congruex, and NextEdge Networks, as well as Director of Corporate Finance for sPower which was sold in 2017. Mr. Sadler holds bachelor’s and master’s degrees in accounting from University of Utah. Mr. Sadler said, “I’m eager to partner with Jamie, Devon and the rest of the team as hh2 looks to expands its reach, while continuing to deliver valuable technology and services to its current partners and customers.” ## About hh2 Cloud Services After nearly two decades, hh2 Cloud Services® continues to advance cloud-based construction management solutions for the commercial construction space. hh2 offers solutions for time-entry, punch clock, AP routing & approval, credit card transaction coding, reimbursement coding, document routing & approval, applications for payment, human resources, daily logs, service management, dispatch, data aggregation, and pay stubs. hh2 also provides robust, scalable, construction integration-platform-as-a-service (iPaaS) with the Universal Construction Model® (UCM®). Please visit [www.hh2.com](http://www.hh2.com/) for more information. ## About Capstreet Founded in 1990, Capstreet invests in lower middle market software, tech-enabled services, and industrial business services companies. With over 45 platform investments and over 200 add-on acquisitions since inception, Capstreet’s investment strategy is focused on utilizing its Capvalue FrameworkTM to accelerate growth and profitability and create long term sustainable businesses. The majority of Capstreet’s investments have been with founder- or entrepreneur-owned businesses. For more information, visit the Capstreet website, [www.capstreet.com](https://capstreet.multisites.ai/). ## Terms on this page - [Lower Middle Market](https://capstreet.multisites.ai/glossary/lower-middle-market) - [Private Equity](https://capstreet.multisites.ai/glossary/private-equity) ## Keep reading - [Automotive technology private equity for dealer-focused companiesCapstreet invests in automotive technology businesses that help dealerships. The firm targets solutions for sales, marketing, finance and insurance, and service lane operations. It describes several recent investments in the sector and looks for owners with $3 to $15 million of EBITDA who want a majority capital partner.](https://capstreet.multisites.ai/industries/automotive) - [Business Succession and Exit Options: How to Choose the Right Next Step for Your CompanyOwners have five main exit paths: transfer to family, sell to management, sell to employees through an ESOP, sell to a strategic buyer, or partner with private equity. Each trades price, speed, control and legacy differently. Start planning at least three to five years before you want to step back.](https://capstreet.multisites.ai/business-succession-and-exit-options) - [Buy and Build Strategy: How a Platform Company Grows Through Add-On AcquisitionsA buy and build strategy starts with one well-run platform company and adds smaller businesses to it over time. The goal is a larger, more capable company than any single piece could be. It fits fragmented industries best. Owners of smaller firms can sell to a platform and often stay on.](https://capstreet.multisites.ai/buy-and-build-strategy) - [Construction technology private equity for software ownersCapstreet believes technology can drive large changes in construction efficiency and project delivery. It targets software businesses that support project and financial management for general contractors and sub-contractors. The firm sees the industry as early on its technology adoption curve and looks for owners with $3 to $15 million of EBITDA.](https://capstreet.multisites.ai/industries/construction) - [Capstreet deal criteria: the companies we look forCapstreet looks for entrepreneur-owned business services companies with $3 to $15 million of EBITDA. We make primarily majority investments, and entrepreneurs reinvest alongside Capstreet. We want a tenured team, solid financials, a defensive business model, untapped growth potential and a niche advantage. We invest across 12 industries.](https://capstreet.multisites.ai/deal-criteria) - [The due diligence checklist for owners selling to private equityDue diligence is the buyer's check of your business after you sign a letter of intent. Private equity firms review five areas: financial (quality of earnings), operations, tax, HR and benefits, and legal. Owners who gather clean records before the process starts shorten it and face fewer surprises.](https://capstreet.multisites.ai/guides/due-diligence-checklist-for-owners) ## Ready to get started? Let’s talk. Tell us about your company and what you want next. Conversations are private, and there is no obligation. [Start a conversation](https://capstreet.multisites.ai/contact) [(713) 332-2700](tel:+1-713-332-2700)[connect@capstreet.com](mailto:connect@capstreet.com) ![Capstreet team members at a Houston elementary school for Houston Reads Day](https://capstreet.multisites.ai/_astro/houston-reads-day.DxNd9bIr_tggWP.webp)