Spurrier Capital Partners is pleased to announce our role as the exclusive financial advisor to Buildertrend on its investment from Bain Capital Tech Opportunities and HGGC. Buildertrend is the leading cloud-based project management software solution used by homebuilders, remodelers and specialty contractors. Based in Omaha, Nebraska, Buildertrend is a mission-critical platform that is transforming residential construction project management, serving more than one million users across over 100 countries.
Founded in 2006 by brothers Steve and Jeff Dugger, and friend Dan Houghton, Buildertrend’s platform was developed with a vision to disrupt the construction industry by standardizing scheduling and workflows, handling payments, purchase and change orders, and improving customer communication and visibility. This first institutional investment will accelerate Buildertrend’s growth and expand the services it currently provides to more than 16,000 homebuilding, remodeling, and specialty construction businesses.
“It was a huge decision for us to bring in an investor and partner for the first time and the Spurrier team was critical to our success in finding the best outcome,” said co-Founder, Dan Houghton. “They’ve helped us over the past few years to develop the right relationships and navigate interest from a variety of folks, some of which became great commercial partners. Now we’re thrilled to partner with the team at Bain Capital to accelerate our efforts in the next phase of the Company.”
“We knew this would be a competitive process, but SCP’s work and facilitation made it easier to get to the right answers,” said Phil Meicler, a Managing Director at Bain Capital Tech Opportunities. “We were impressed with how the SCP team acted as a partner to drive an optimal outcome for all parties.”
“SCP ran a smooth diligence process that allowed us and our advisors to get into a winning position,” added Scott Kirk, a Partner at Bain Capital Tech Opportunities. “Their knowledge of the business and the sector helped us forge a strong partnership with the Buildertrend management team and aligned vision on the growth of the business.”
Clark Spurrier, Founder and CEO of Spurrier Capital Partners emphasized, “The Buildertrend transaction underscores SCP’s deep commitment to partnering with great companies and supporting them with their continued success. There is a massive market opportunity in residential construction tech that the Bain Capital Tech Opportunities and Buildertrend teams are excited to tackle together, and we are so grateful for the opportunity to work with them on this outcome. We are eager to see Buildertrend execute on this opportunity in its next chapter and look forward to working with each of these parties soon.”
SCP Experience in Vertical Application Software