William Blair acted as exclusive financial advisor to FMX in connection with its strategic growth investment from Luminate Capital Partners (Luminate). Luminate joins existing investor Five Elms Capital who will retain a significant stake in the business. The transaction closed on June 30, 2025.
About the Companies
Founded in 2012, FMX is a leading provider of cloud-based facility and maintenance management software that helps organizations streamline operations, reduce downtime, and extend asset life. The company serves thousands of customers across education, manufacturing, government, healthcare, and property management industries. FMX’s configurable, easy-to-use platform enables organizations to manage work orders, preventative maintenance, equipment tracking, capital planning, and more, all from a single, intuitive interface. FMX is based in Columbus, Ohio.
Luminate is a private equity firm investing in growth software companies, based in San Francisco. Luminate’s portfolio of market leaders includes AbsenceSoft, Axonify, Conexiom, Compliance & Risks, Ease, MSI Data, StarCompliance, Suralink, and Thought Industries.
Five Elms Capital is a growth investor in software businesses that users love, providing capital and resources to help companies accelerate growth and further cement their role as industry leaders.
With over $3 billion in assets under management and a team of over 80 professionals, the firm has invested in more than 70 software platforms worldwide. Beyond providing capital, Five Elms Capital delivers strategic and operational expertise, focused on executing initiatives that move the needle on growth, retention, product and AI to set companies up for long-term success.
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