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
| Jul 27, 2016
Top 115 Contractor Firms
Turner Construction, Whiting-Turner Contracting, Fluor, and Skanska top Building Design+Construction's 2016 ranking of the largest contractors in the United States.
Sports and Recreational Facilities | Jul 20, 2016
San Diego’s waterfront redevelopment would go beyond a mere ‘project’
Its developers envision a thriving business, education, and entertainment district, highlighted by a huge observation tower and aquarium.
| Jul 19, 2016
2016 GIANTS 300 REPORT: Ranking the nation's largest architecture, engineering, and construction firms
Now in its 40th year, BD+C’s annual Giants 300 report ranks AEC firms by discipline and across more than 20 building sectors and specialty services.
Sports and Recreational Facilities | Jul 18, 2016
Turner and AECOM will build the Los Angeles Rams’ new multi-billion dollar stadium project
The 70,000-seat stadium will be ready by the 2019 NFL season. The surrounding mixed-use development includes space for retail, hotels, and public parks.
Contractors | Jul 15, 2016
Trade unions, contractors call for maximum penalty in construction worker death case
‘Sick and tired’ of lawbreaking contractors defining public perception.
| Jul 12, 2016
Grant Gagnier named COO of Suffolk Construction for New York region
Suffolk Construction Company, Inc., one of the largest privately held construction companies in the U.S., has named industry veteran and Suffolk Construction executive Grant Gagnier as its new Chief Operating Officer of the New York Region. Suffolk recently opened an office in Manhattan at One Pennsylvania Plaza.
Building Team | Jul 11, 2016
Design-assist: The way to really fly [AIA course]
Experts explain the benefits of DA, a process where the subcontractors are retained to assist other Building Team members in the development of a design. Earn 1.0 AIA CES learning units by reading and taking the exam.
Building Team | Jul 11, 2016
Addressing client concerns about design-assist
Common concerns about DA include lack of familiarity, obtaining competitive pricing, and design liability.
Sponsored | Building Team | Jul 11, 2016
Construction Disruption at AECX: Technology, hackathons and the promise of change in LA
The lead up to AECX featured a discussion providing insight into the current state of the AEC technological revolution by exploring opportunities, challenges and choices AEC pros face.
Contractors | Jul 11, 2016
Repairing the world’s infrastructure hinges on the construction sector crossing the digital divide
A new McKinsey report identifies five trends the industry should latch onto more broadly.