CoConstruct, Serent Capital Portfolio Company, Acquired by Buildertrend

Choate represented CoConstruct, a portfolio company of Serent Capital, in its sale to Buildertrend, the leading provider of cloud-based construction management software for homebuilders, remodelers, and specialty contractors. CoConstruct is a complementary provider of construction project management software for the residential construction industry, and this transaction makes Buildertrend the largest construction management software platform, offering flexible project management, bookkeeping, supplies procurement, customer engagement, and payments services.

Funding for the acquisition is provided by a growth investment in Buildertrend by Bain Capital Tech Opportunities and HGGC; existing CoConstruct investor Serent Capital is reinvesting in the combined company.