Bain Capital Tech Opportunities and HGGC have invested in software company Buildertrend. This is Bain’s second investment of the year in a Nebraska-based, founder-led software company.
Buildertrend provides cloud-based software for homebuilders, remodelers and specialty contractors. The Bain and HGGC investment will help the company expand offerings into payments, data analytics and contractor services. “This partnership will drive continued investment in product development, additional services to the contractor base and strategic acquisitions that will offer significant benefits to customers and the construction industry overall,” says Bain partner Scott Kirk. Bain invests in technology companies in application software, infrastructure & security, fintech, healthcare, internet and digital media. Private equity firm HGGC focuses on investing in and growing middle market businesses in business services, financial services, consumer, healthcare, industrials and technology.
Spurrier Capital Partners is serving as financial advisor to Buildertrend and Cooley LLP is acting as legal advisor. PricewaterhouseCoopers and Kirkland & Ellis LLP are financial and legal advisors, respectively, to both Bain and HGGC.