Buildertrend Acquires CoConstruct; Backed by Bain Capital Tech Opportunities, HGGC and Serent Capital

Bain Capital Tech Opportunities and HGGC Invest in Buildertrend

December 24, 2020

Cloud & SaaS

Bain Capital Tech Opportunities and HGGC made a minority/growth investment in Buildertrend, the Omaha-based provider of cloud construction management software, marking the company's first institutional financing. The capital will be used to accelerate growth through strategic acquisitions and to expand Buildertrend's product capabilities into payments, data analytics and contractor services; financial terms were not disclosed.

CoConstruct Acquires CBUSA

October 29, 2020

Construction

CoConstruct, the Virginia-based SaaS provider for independent home builders and remodelers, has acquired CBUSA, the largest U.S. group purchasing organization for custom and semi-custom builders. The deal integrates CBUSA's group purchasing network into CoConstruct's construction management platform to lower hard costs for builders and expand CoConstruct's value proposition.

Serent Capital Invests in Studio Designer

August 10, 2022

Cloud & SaaS

Serent Capital has made a growth investment in Studio Designer, a SaaS project management, product sourcing, and accounting platform for the interior design industry. The investment will fund new product and feature development and support scaling of key business operations to serve its designer customers.

Summit Partners Leads $96M Growth Investment in ConstructSecure (Highwire)

January 24, 2022

Cloud & SaaS

ConstructSecure, a Partner Elevation Platform for capital projects, received a $96 million growth equity investment led by Summit Partners to accelerate product development and expand its platform. Headquartered in Burlington, Massachusetts, ConstructSecure (now rebranded as Highwire) will use the capital to scale its Partner Elevation offerings and broaden its footprint across construction and facilities markets.

Contruent Acquires ProcureWare from Bentley Systems

April 29, 2024

Cloud & SaaS

Contruent, a Naperville-based SaaS provider of lifecycle cost management solutions, has acquired ProcureWare, a cloud-based e-procurement solution formerly owned by Bentley Systems. The acquisition—an add-on to Contruent's product suite while the company is PE-backed by M33 Growth—expands Contruent's procurement capabilities and integrates ProcureWare's vendor, bid, and contract management features into its end-to-end cost management offering.

Online Education Services Acquires Majority Stake in Construct

November 16, 2020

Education

Online Education Services (OES) has acquired a majority stake in Construct, a provider of online learning design and course production. The deal makes Construct a majority-owned subsidiary of OES and aims to broaden service capabilities and expand OES's presence in the US, UK and South Africa while enhancing learning design, analytics and global client support.