Katerra, the fast-growing design, prefabrication construction and technology company, today announces its acquisition of Bristlecone Construction, a four-year-old, general contractor based in Littleton, Colo., that specializes in commercial and multifamily projects whose costs range from $500,000 to $55 million.
Terms of the acquisition were not disclosed.
Bristlecone, which will become known as Katerra, is a site-built contractor that brings efficiencies to projects through self-performance, technology, and innovative procurement. “This merger allows us to expand the value and services we already provide for our clients,” says Zach Smith, the contractor’s CEO.
Bristlecone, which currently employs 150 people, expects to double its size as a result of joining forces with Katerra, according to the Denver Business Journal.
Through this acquisition, Katerra expects to gain self-perform expertise in structural concrete and framing, and extend its construction reach in the central U.S.
The purchase of Bristlecone is the latest in Katerra’s efforts to fully integrate design, manufacturing, and construction delivery services. The company, which since its founding in 2015 has built a global team of 3,500 people, is in the process of opening several new plants in the U.S. that include a 250,000-sf facility on 29 acres near Spokane, Wash., for mass timber production.
Katerra, based in Menlo Park, Calif., has amassed $1 billion in investment capital, and is valued at more than $3 billion.
Related Stories
Contractors | May 3, 2018
The U.S. construction pipeline showed healthy growth in the first quarter
We expect the Pipeline to continue its modest growth through 2018.
Contractors | Apr 30, 2018
Following—and forecasting—the money: Financial modeling for project managers
To wait until there’s a problem affecting design and construction before consulting with a PM wastes valuable time when a project is at its most vulnerable point.
Contractors | Apr 26, 2018
At Boston University’s dental school, ‘under construction’ won’t mean ‘closed for business’
A major renovation and addition are scheduled to minimize operational disruption.
Contractors | Apr 20, 2018
Construction employment rises in 38 states and D.C. from March 2017 to March 2018
California and West Virginia have biggest job gains for the year, North Dakota has largest decline; Texas and Alaska have largest monthly pickup, New York and Hawaii have largest monthly drops.
Contractors | Apr 13, 2018
Clayco to open new office in Greenville, South Carolina
The office will be located in the One building at 2 West Washington Street.
Contractors | Apr 9, 2018
Tech Report 5.0: Smart(er) Jobsites
Real-time construction analysis, just-in-time materials delivery, digital production planning systems—these are just a few of the novel approaches construction firms are implementing to take control of their jobsites.
Market Data | Apr 2, 2018
Construction spending in February inches up from January
Association officials urge federal, state and local officials to work quickly to put recently enacted funding increases to work to improve aging and over-burdened infrastructure, offset public-sector spending drops.
Contractors | Mar 27, 2018
Shawmut Design and Construction’s burgeoning L.A. office looks to hospitality and interiors for future growth
A new division also taps the luxury homes market.
Contractors | Mar 9, 2018
Undoing 5 myths of IPD and Lean construction
The Lean Construction Institute, one of this year’s Movers+Shapers, has been sponsoring valuable research recently.
Contractors | Mar 6, 2018
Skender revolutionizes how the industry builds, integrates design, construction, and manufacturing
Envisioning a radically more efficient future for the building industry, Skender announces its expansion beyond construction, becoming a vertically integrated company including construction, design and building component manufacturing functions. The expansion includes significant investment in the launch of a new Chicago-based advanced manufacturing subsidiary and the acquisition of the boutique design firm Ingenious Architecture.
