BEDFORD, Mass. (Nov. 14, 2024) — Dodge Construction Network, a portfolio company of Clearlake Capital Group, L.P. (together with its affiliates “Clearlake”) and STG Partners, LLC (“STG”), has announced executive changes and the successful closing of a financing transaction.
Dodge raised $100 million of new capital and extended debt maturities, further bolstering its liquidity position and financial flexibility. The transaction is open to holders of all of its existing first-lien and second-lien term loans.
Andrew Somosi has been appointed as the company’s new CEO, replacing Daniel McCarthy, who is stepping down. Somosi was most recently head of the Americas at Gerson Lehrman Group (GLG), and previously held leadership roles at Nielsen, Lattice Engines and LexisNexis, after beginning his career at McKinsey & Company.
In addition, Johann Dudley has joined Dodge as chief product officer. Dudley most recently held product leadership roles at Flywheel Digital (acquired by Omnicom) and Nielsen.
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