"Fueled by the resources and guidance of Bain Capital and HGGC, we are highly confident that Buildertrend can further accelerate growth. "This partnership underscores a strong belief in Buildertrend's mission and growth potential built on a solid foundation by Steve, Jeff and Dan," said Dan Stanko, a Partner at HGGC. Bain Capital also has deep, firm-wide experience across both vertical software and construction, having invested in and scaled a wide range of technology companies including HST, Viewpoint, Vertafore and Waystar. This is the second investment by Bain Capital Tech Opportunities this year in a founder-led vertical SaaS business built in Nebraska ( Hudl, May 2020). "This partnership will drive continued investment in product development, additional services to the contractor base and strategic acquisitions that will offer significant benefits to customers and the construction industry overall," added Scott Kirk, a Partner at Bain Capital Tech Opportunities.
"Buildertrend is a mission-critical, all-in-one software platform that is transforming construction with smarter communication and processes," said Phil Meicler, a Managing Director at Bain Capital Tech Opportunities. Today, the company serves more than one million users across over 100 countries. Construction teams rely on Buildertrend to run their businesses by standardizing scheduling and workflows, handling payments, purchase and change orders, and improving customer communication and visibility.īuildertrend has achieved 45 percent average year-over-year revenue growth since 2015.
Financial terms of the private transaction were not disclosed.įounded in 2006 by Steve Dugger, Jeff Dugger and Dan Houghton, and based in Omaha, Buildertrend is the leading cloud-based construction management platform for residential homebuilding, providing robust and modern construction management tools to more than 16,000 homebuilding, remodeling and specialty construction businesses, their sub-contractors and their clients. 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. 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. First institutional funding will accelerate growth and fuel acquisition strategy
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