M&A Deal Summary

Buildertrend Acquires CoConstruct

On February 24, 2021, Buildertrend acquired internet software and services company CoConstruct from Serent Capital

Acquisition Highlights
  • This is Buildertrend’s 1st transaction in the Internet Software and Services sector.
  • This is Buildertrend’s 1st transaction in the United States.
  • This is Buildertrend’s 1st transaction in Virginia.

M&A Deal Summary
Date 2021-02-24
Target CoConstruct
Sector Internet Software and Services
Buyer(s) Buildertrend
Sellers(s) Serent Capital
Deal Type Add-on Acquisition
Advisor(s) Choate Hall & Stewart
Polsinelli PC (Legal)

Target

CoConstruct

Charlottesville, Virginia, United States
CoConstruct is a provider of cloud-based project management tools help independent builders and remodelers coordinate their projects, communicate better with clients & crews, and control the financials of their jobs. CoConstruct was founded in 2005 and is based in Charlottesville, Virginia.

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Buyer(S) 1

Buyer

Buildertrend

Omaha, Nebraska, United States
Category Company
Founded 2006
Sector Internet Software and Services
DESCRIPTION

Buildertrend is a provider of cloud-based construction management software for homebuilders, remodelers and specialty contractors. Buildertrend was founded in 2006 and is based in Omaha, Nebraska.

DEAL STATS #
Overall 1 of 1
Sector (Internet Software and Services) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Virginia) 1 of 1
Country (United States) 1 of 1
Year (2021) 1 of 1

Seller(S) 1

SELLER

Serent Capital

San Francisco, California, United States

Investor Investor Investor Investor Investor

Category Growth Capital Firm
Founded 2008
PE ASSETS 1.6B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Serent Capital is a private equity firm focused on investing in profitable, growing businesses featuring scalable business models and operating in sectors undergoing significant change. Serent looks for companies with $5 to $100 million in growing annual sales where it can commit $20 to $200 million of capital. Target transaction situations include buyouts, recapitalizations, and growth financings. Serent Capital was formed in 2008 and is based in San Francisco, California.

DEAL STATS #
Overall 13 of 27
Sector (Internet Software and Services) 2 of 4
Type (Add-on Acquisition) 11 of 23
State (Virginia) 1 of 2
Country (United States) 13 of 25
Year (2021) 1 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-24 Buildertrend

Omaha, Nebraska, United States

Buildertrend is a provider of cloud-based construction management software for homebuilders, remodelers and specialty contractors. Buildertrend was founded in 2006 and is based in Omaha, Nebraska.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-18 WorkWave

Holmdel, New Jersey, United States

WorkWave is a provider of an intuitive cloud-based field service management and fleet management solutions that help enterprising organizations with a mobile workforce transform their businesses. WorkWave was founded in 1984 and is based in Holmdel, New Jersey.

Buy -
Mergr

Product

Company

Legal