The industrial construction industry in Latin America plays a critical role in driving economic growth. Comprising a variety of companies such as material suppliers, engineering firms, and contractors, this sector is focused on constructing large-scale facilities like factories, warehouses, and infrastructure projects. There is a growing trend towards sustainable practices and innovative construction technologies, with an eye on enhancing productivity and reducing environmental impact. The future looks promising as investment flows continue to rise, particularly in green construction initiatives that prioritize energy efficiency and renewable resources, signaling a forward-thinking approach to meeting the region's construction needs.


This article highlights twelve key investors active in the industrial construction sector across Latin America. The list includes a mix of corporate entities and venture capital firms headquartered in countries like Brazil and Mexico. Ranging in size from small to large organizations, these investors were founded between 1906 and 2020, showcasing a blend of experience and fresh perspectives. In 2024 alone, they executed numerous deals that significantly impacted the industrial construction space, pointing to robust activity and potential for future growth in the regional market.


Top 12 Industrial Construction Investors in Latin America


1. Cemex

  • Website: cemex.com
  • Type: Corporate
  • Headquarters: Monterrey, Nuevo Leon, Mexico
  • Founded year: 1906
  • Headcount: 10001+
  • Number of deals in 2024: 1
  • LinkedIn: cemex

Cemex is a prominent corporate investor based in Monterrey, Nuevo Leon, Mexico, founded in 1906. As a leading building materials company, Cemex specializes in the manufacturing and distribution of cement, ready-mix concrete, and aggregates, serving construction businesses and organizations globally. The company is committed to sustainability and environmental responsibility, which aligns with modern construction demands. Cemex has made significant acquisitions to strengthen its position in the construction materials market, including the acquisition of Rinker Group Limited in 2007, which aimed to consolidate its market presence. In 2011, Cemex acquired Ready Mix USA for $350 million, further expanding its footprint in the ready-mix concrete sector. More recently, in 2023, Cemex acquired Atlantic Materials to enhance its aggregate sourcing capabilities in the U.S., particularly for its Florida operations. These transactions highlight Cemex's active role in the industrial construction sector, making it a key player in providing essential materials for construction projects.


2. BBVA en México

  • Website: bbva.mx
  • Type: Venture Capital
  • Headquarters: Cuauhtemoc, Ciudad De México, Mexico
  • Founded year: 1932
  • Headcount: 10001+
  • Number of deals in 2024: 2
  • LinkedIn: bbva-mexico

BBVA México is a prominent financial institution that offers a comprehensive range of banking services, including credit cards, loans, investment products, and insurance. Founded in 1932 and based in Cuauhtemoc, Ciudad De México, the institution serves both individual consumers and businesses, addressing their diverse financial needs through various products and services. In recent years, BBVA has engaged in significant transactions within the industrial construction context, such as the $67.4 million debt financing for 360 Industrial Parks in August 2024, which highlights their active role in supporting industrial infrastructure development. Additionally, their involvement in FIBRA Macquarie's $90 million post-IPO debt in June 2022 and Soltec Trackers' $100 million debt financing in October 2018 further underscores their commitment to financing projects that contribute to industrial growth and development.


3. CSN - Companhia Siderúrgica Nacional

  • Website: csn.com.br
  • Type: Corporate
  • Headquarters: Sao Paulo, Sao Paulo, Brazil
  • Founded year: 1941
  • Headcount: 10001+
  • LinkedIn: csn77

Companhia Siderúrgica Nacional (CSN) is a leading steel manufacturer and mining company based in Sao Paulo, Brazil, founded in 1941. With a workforce of over 10,000 employees, CSN operates across various sectors, including steel production, mining, cement manufacturing, logistics, and energy. The company plays a vital role in serving the construction and manufacturing industries by supplying essential materials. Notably, CSN has made significant strides in the industrial construction context through strategic acquisitions. In September 2022, CSN acquired LafargeHolcim Brasil for R$5.2 billion, positioning itself as Brazil's second-largest cement producer, which enhances its ability to supply cement for construction projects. Additionally, the acquisition of GramPerfil, a Portuguese steel profile producer, aims to bolster CSN's production capabilities in the civil construction and energy sectors. These transactions underscore CSN's commitment to expanding its footprint in the industrial construction market.


4. Votorantim

  • Website: votorantim.com.br
  • Type: Corporate
  • Headquarters: Sao Paulo, Sao Paulo, Brazil
  • Founded year: 1918
  • Headcount: 51-200
  • LinkedIn: votorantim

Votorantim is an investment holding company based in Sao Paulo, Brazil, founded in 1918. It operates across various sectors, including construction materials, banking, renewable energy, and environmental services. Votorantim Cimentos, a subsidiary of Votorantim, plays a pivotal role in the construction materials industry, focusing on cement production. Notable transactions include the acquisition of the South Cluster of HeidelbergCement in Spain, which encompasses a modern integrated cement plant and multiple ready-mix plants, aimed at strengthening its market presence. Additionally, Votorantim's collaboration with Caisse de dépôt et placement du Québec to form a new entity for cement operations in North America highlights its commitment to enhancing production capacity and operational efficiencies. Furthermore, Votorantim's stake acquisition in Brazilian infrastructure company CCR reflects its broader interest in infrastructure, which is closely tied to industrial construction.


5. Weg

  • Website: weg.net
  • Type: Corporate
  • Headquarters: Florianopolis, Santa Catarina, Brazil
  • Founded year: 1961
  • Headcount: 10001+
  • Number of deals in 2024: 4
  • LinkedIn: weg

WEG S.A. is a prominent electric equipment manufacturer based in Florianopolis, Santa Catarina, Brazil, founded in 1961. The company specializes in electric motors, generators, transformers, and automation solutions, serving a diverse range of industries. With operations in approximately 140 countries, WEG is a key player in the electric engineering sector. In recent years, WEG has made strategic acquisitions to bolster its position in the industrial sector. Notably, in 2015, WEG acquired Autrial S.L., a manufacturer of industrial electric panels in Spain, enhancing its automation product portfolio in Europe. Additionally, in 2010, WEG acquired control of Zest Group in South Africa and increased its stake in Voltran, a Mexican transformer manufacturer, to 60%, further expanding its presence in the industrial market. In 2023, WEG also acquired a minority stake in Bewind, indicating ongoing investment in relevant sectors. These transactions reflect WEG's commitment to supporting industrial construction through its essential products and services.


6. Carao Ventures

  • Website: caraov.com
  • Type: Venture Capital
  • Headquarters: Costa Rica
  • Founded year: 2012
  • Headcount: 1-10
  • Number of deals in 2024: 3
  • LinkedIn: carao-ventures

Carao Ventures is a venture capital firm founded in 2012, based in Costa Rica, that specializes in early-stage investments in innovation-driven companies throughout Latin America. The firm is dedicated to supporting entrepreneurs with the technical skills and determination to disrupt industries by providing them with essential funding and resources for growth. Among their notable transactions, Carao Ventures participated in a funding round for ObraLink, a Chilean construction technology startup, which raised $2 million. This involvement highlights their interest in the construction sector, alongside their other investments, such as BildTEK, which, while not directly related to industrial construction, showcases their broader investment strategy in innovative companies.


7. AGM Inc. / Zijin Mining Group Co.


AGM Inc. / Zijin Mining Group Co., Ltd. is a corporate investor based in Georgetown, Demerara-Mahaica, Guyana, founded in 2020. The company is primarily a mining entity engaged in the exploration and extraction of metals including copper, gold, zinc, and lithium. Zijin Mining serves various sectors, particularly manufacturing and construction, by supplying essential raw materials. In 2024, Zijin Mining was involved in several significant transactions, including a Series C funding round for Eacon Mining, which raised over $41 million, and a Post-IPO equity raise for Solaris Resources amounting to nearly $97 million. Notably, Zijin Mining has also made substantial acquisitions, such as the $1 billion acquisition of Continental Gold, which focuses on the Buriticá project in Colombia, expected to yield around 250,000 ounces of gold annually. These activities highlight Zijin Mining's commitment to sustainable practices and technological innovation in the mining sector, reinforcing their relevance to the industrial construction industry.


8. IG4 Capital

  • Website: ig4capital.com
  • Type: Private Equity
  • Headquarters: Sao Paulo, Sao Paulo, Brazil
  • Founded year: 2016
  • Headcount: 11-50
  • LinkedIn: ig4-capital

IG4 Capital is an investment management firm based in Sao Paulo, Brazil, specializing in private equity and special situations. Founded in 2016, the firm aims to generate performance through value creation and business transformation in emerging markets. IG4 Capital's clients include institutional investors looking to revitalize underperforming investments and achieve long-term financial returns. One of their notable transactions includes a $58 million tender offer to acquire a stake in Aenza, a Peruvian infrastructure company, positioning IG4 Capital as the largest shareholder. This transaction highlights their involvement in the infrastructure sector, which is closely related to industrial construction, although their overall investment strategy encompasses a broader range of sectors.


9. Invest Tech Brazil

  • Website: investtech.com.br
  • Type: Venture Capital
  • Headquarters: Sao Paulo, Sao Paulo, Brazil
  • Founded year: 2004
  • Headcount: 11-50
  • Number of deals in 2024: 1
  • LinkedIn: invest-tech-brazil

Invest Tech Brazil is an investment management firm based in Sao Paulo, Brazil, specializing in venture capital and private equity. Founded in 2004, the firm focuses on supporting innovative companies in Brazil by providing funding and enhancing their operational and governance structures. Their investment strategy targets technology-driven businesses across various sectors, contributing to the growth and development of the Brazilian market. Notably, Invest Tech Brazil has been involved in transactions within the industrial construction context, such as their investments in Construmarket and e-Construmarket, which raised funds in private equity rounds in 2015. These companies are engaged in the construction industry, highlighting Invest Tech's interest in this sector, despite their broader focus on technology-driven ventures.


10. Apex Partners


Apex Partners is an investment management and financial advisory firm based in Santo Antônio Do Canaã, Espírito Santo, Brazil. Founded in 2013, the firm offers a range of services including asset management, wealth management, and investment banking, catering to both individual and business clients. Apex Partners focuses on providing tailored financial solutions to help clients achieve their investment goals. In 2023, they were involved in a private equity round with Timenow Engenharia, a company that operates in the engineering sector, indicating their engagement in the industrial construction context. This transaction highlights Apex Partners' interest in sectors related to industrial construction, further supporting their relevance in this investment category.


11. Manutara Ventures

  • Website: manutaraventures.com
  • Type: Corporate
  • Headquarters: Chile
  • Founded year: 2016
  • Headcount: 1-10
  • Number of deals in 2024: 3
  • LinkedIn:

Manutara Ventures is a venture capital firm founded in 2016, based in Chile, that specializes in investing in early-stage companies. The firm provides capital, mentorship, and strategic guidance to empower entrepreneurs, particularly in Latin America. Among their notable transactions, they invested in Outbuild, which raised $1,000,000 in a seed round in July 2017, and Buildlovers, which secured $600,000 in a seed round in May 2024. Both of these companies are involved in the construction sector, highlighting Manutara Ventures' commitment to supporting innovation and growth within the industrial construction industry.


12. Canary

  • Website: canary.com.br
  • Type: Venture Capital
  • Headquarters: Sao Paulo, Sao Paulo, Brazil
  • Founded year: 2017
  • Headcount: 11-50
  • Number of deals in 2024: 23
  • LinkedIn: canary-venture-capital

Canary is a venture capital firm based in Sao Paulo, Brazil, founded in 2017. The firm specializes in early-stage investments across Latin America, supporting entrepreneurs with capital, co-founding assistance, and a robust community of builders. In 2024, Canary was involved in 23 investments, showcasing its active role in the startup ecosystem. Notably, they participated in funding Sooper, a Brazilian B2B marketplace for construction materials, which raised $5.7 million in a seed round. This investment highlights Canary's engagement in the construction industry, as Sooper aims to expand its operations and client base in the construction sector. Additionally, their involvement in earlier funding rounds for Sooper further emphasizes their commitment to supporting businesses that operate within the industrial construction space.



Industrial Construction Insights: Key Investors in Latin America


InvestorHeadquarterSizeFoundedDeals 2024
CemexMonterrey, Nuevo Leon, Mexico10001+19061
BBVA en MéxicoCuauhtemoc, Ciudad De México, Mexico10001+19322
CSN - Companhia Siderúrgica NacionalSao Paulo, Sao Paulo, Brazil10001+19410
VotorantimSao Paulo, Sao Paulo, Brazil51-20019180
WegFlorianopolis, Santa Catarina, Brazil10001+19614
Carao VenturesCosta Rica1-1020123
AGM Inc. / Zijin Mining Group Co.Georgetown, Demerara-Mahaica, Guyana1001-500020206
IG4 CapitalSao Paulo, Sao Paulo, Brazil11-5020160
Invest Tech BrazilSao Paulo, Sao Paulo, Brazil11-5020041
Apex PartnersSanto Antônio Do Canaã, Espírito Santo, Brazil51-20020131
Manutara VenturesChile1-1020163
CanarySao Paulo, Sao Paulo, Brazil11-50201723


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