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
| Apr 10, 2013
6 funding sources for charter school construction
Competition for grants, loans, and bond financing among charter schools is heating up, so make your clients aware of these potential sources.
| Apr 9, 2013
FMI predicts 8% rise in construction put in place for 2013
FMI, the largest provider of management consulting and investment banking services to the engineering and construction industry released today its Q1-2013 Construction Outlook. The forecast for total construction-put-in-place for 2013 continues to show an increase of 8% over 2012 levels.
| Apr 8, 2013
Most daylight harvesting schemes fall short of performance goals, says study
Analysis of daylighting control systems in 20 office and public spaces shows that while the automatic daylighting harvesting schemes are helping to reduce lighting energy, most are not achieving optimal performance, according to a new study by the Energy Center of Wisconsin.
| Apr 6, 2013
First look: GlaxoSmithKline's double LEED Platinum office
GlaxoSmithKline and Liberty Property Trust/Synterra Partners transform the work environment with the opening of Five Crescent Drive
| Apr 5, 2013
‘Retainage Laws in the 50 States’ manual from ASA available for subcontractors
A reference manual published by the American Subcontractors Association, Retainage Law in the 50 States, is available for construction subcontractors to understand retainage laws across the U.S.
| Apr 5, 2013
Bangkok gets a leaning tower, that may topple
A seven-story apartment tower under construction in Bangkok has started to tilt and is on the verge of toppling.
| Apr 5, 2013
Snøhetta design creates groundbreaking high-tech library for NCSU
The new Hunt Library at North Carolina State University, Raleigh, incorporates advanced building features, including a five-story robotic bookBot automatic retrieval system that holds 2 million volumes in reduced space.