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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
Buildertrend Acquires CoConstruct to Create Market Leader in Construction Management Software prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.
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.