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Buildertrend Acquires CoConstruct to Create Market Leader in Construction Management Software
- Will offer the most comprehensive suite of SaaS products and services that empower independent and custom residential construction businesses
- Combined network serves 23,000+ clients and generates over $100MM in annual recurring revenue
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OMAHA, Neb. and CHARLOTTESVILLE, Va., Feb. 24, 2021 /PRNewswire/ Buildertrend, the leading provider of cloud-based construction management software for homebuilders, remodelers and specialty contractors, today announced the acquisition of CoConstruct, a complementary provider of construction project management software for the residential construction industry. Funding for the acquisition is provided by a growth investment in Buildertrend by Bain Capital Tech Opportunities and HGGC. Existing CoConstruct investor Serent Capital is reinvesting in the combined company. Buildertrend Co-Founder an
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Buildertrend Receives Investment Led by Bain Capital Tech Opportunities
Financial terms of the private transaction were not disclosed.
The company intends to use the funds to accelerate its growth trajectory through strategic acquisitions and drive expansion into adjacent offerings such as payments, data analytics and contractor services.
Founded in 2006 by Steve Dugger, Jeff Dugger and Dan Houghton, Buildertrend is a cloud-based construction management platform for residential homebuilding, providing construction management tools to more than 16,000 homebuilding, remodeling and specialty construction businesses, their sub-contractors and their clients. Construction teams use Buildertrend to run their businesses by standardizing scheduling and workflows, handling payments, purchase and change orders, and improving customer communication and visibility.
Buildertrend, the Leader in Construction Management Software, Secures Significant Investment Led by Bain Capital Tech Opportunities
First institutional funding will accelerate growth and fuel acquisition strategy
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OMAHA, Neb., Dec. 24, 2020 /PRNewswire/ Buildertrend, the leading provider of cloud-based software for homebuilders, remodelers and specialty contractors, today announced that it has received an investment from Bain Capital Tech Opportunities and HGGC to accelerate its growth and expand the services it provides to customers. This first institutional investment will accelerate Buildertrend s growth trajectory through strategic acquisitions and drive expansion into adjacent offerings such as payments, data analytics and contractor services. Financial terms of the private transaction were not disclosed.