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Nov 6, 2018 | Inspection

Uplift Data Partners Joins PrecisionHawk as Its Fifth Acquisition this Year

PrecisionHawk, a provider of drone hardware and software for the enterprise, is continuing to make moves this year with its fifth acquisition of Uplift Data Partners. Announced late last week, Uplift, which specializes in end-to-end solutions for construction, building information management (BIM) and real estate, will add commercially trained pilots to PrecisionHawk’s network of over 15,000 drone pilots, expanding industry expertise within the AEC industry.

“This acquisition displays PrecisionHawk’s commitment to strengthening our technology and expertise in high-growth markets,” said Michael Chasen, PrecisionHawk CEO. “By combining PrecisionHawk’s leading-edge products and services with Uplift’s industry experience and training standards, our customers will receive best-in-class aerial data and analytics for complex construction and facility inspection projects through a simple and easy to procure process,” he added.

Uplift was formed in 2015 as a subsidiary of Clayco, one of the nation’s largest construction engineering companies with more than $2 billion in annual revenue. As part of the acquisition, Clayco will exclusively use PrecisionHawk for its projects as well as serve on the Board of Advisors.

“PrecisionHawk is leading the commercial drone market by combining superior technology with deep expertise in the markets that they serve. Through this acquisition, Clayco customers gain access to a new level of technological sophistication for more scalable and robust operations, while continuing to benefit from Uplift’s deep understanding of the demanding nature of engineering and, construction industry drone missions,” said Clayco CEO, Bob Clark.

Suzanne El-Moursi, CEO of Uplift, will also join PrecisionHawk’s executive leadership team and manage the construction portion of the business.

“Our mission at Uplift is to support the modernization of the architecture, engineering and construction (AEC) industry by creating tools and training that improve the accessibility of drone services, thereby delivering true value to construction projects. The construction industry is uniquely rugged, yet defined by innovation and intelligence, and we are thrilled to join PrecisionHawk, a company that is both aligned to this mission and committed to the growth and expansion of the industry.”

The Uplift Data Partners deal is just the latest in a string of acquisitions PrecisionHawk has made this year. In September, they purchased HAZON LLC and InspecTools Inc., to increase its footprint in the energy sector, and and AirVid in February, which created the largest network of commercially licensed drone pilots.