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
| May 3, 2013
Another edible city? Artist creates model city with chewing gum
French artist Jeremy Laffon pieced together a model city with thousands of sticks of mint-green chewing gum.
| May 2, 2013
First look: UC-Davis art museum by SO-IL and Bohlin Cywinski Jackson
The University of California, Davis has selected emerging New York-based practice SO-IL to design a new campus’ art museum, which is envisioned to be a “regional center of experimentation, participation and learning.”
| May 2, 2013
A snapshot of the world's amazing construction feats (in one flashy infographic)
From the Great Pyramids of Giza to the U.S. Interstate Highway System, this infographic outlines interesting facts about some of the world's most notable construction projects.
| May 2, 2013
Holl-designed Campbell Sports Center completed at Columbia
Steven Holl Architects celebrates the completion of the Campbell Sports Center, Columbia University’s new training and teaching facility.
| May 2, 2013
BIM group proposes uniform standards for how complete plans need to be
A nationwide group of Building Information Modeling users, known as the BIMForum, is seeking industry input on a proposed set of standards establishing how complete Building Information Models (BIMs) need to be for different stages of the design and construction process.
| May 2, 2013
New web community aims to revitalize abandoned buildings
Italian innovators Andrea Sesta and Daniela Galvani hope to create a worldwide database of abandoned facilities, ripe for redevelopment, with their [im]possible living internet community.
| May 1, 2013
A LEGO lover's dream: Guide to building the world's iconic structures with LEGO
A new book from LEGO master builder Warren Elsmore offers instructions for creating scale models of buildings and landmarks with LEGO.
| May 1, 2013
Data center construction remains healthy, but oversupply a concern
Facebook, Amazon, Microsoft, and Google are among the major tech companies investing heavily to build state-of-the-art data centers.
