Announced
Completed
Financials
Tags
Construction Services
Completed
United States
Acquisition
Majority
construction management software
Friendly
Private
Domestic
Single Bidder
Private Equity
Synopsis
Buildertrend, a developer of a cloud-based construction management software, completed the acquisition of CoConstruct, a developer of a construction management software. Serent Capital reinvested in the combined company. Financial terms were not disclosed. "Our industry is one of the fastest growing in the U.S., yet it lags in digital innovation and relies on antiquated project management systems to overcome a complex value chain and fragmented contractor ecosystem. This acquisition, together with continued support from our best-in-class set of enterprise software investors, positions Buildertrend to significantly expand our market share and continue delivering innovative, value-added solutions that improve client success and efficiency," Dan Houghton, Buildertrend Co-Founder and CEO.
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