San Francisco, CA - April 12, 2018 - Serent Capital, a San Francisco-based private equity firm focused on investing in fast-growing software and services businesses, has made an investment in CoConstruct, a leading provider of cloud-based client, project, and financial management solutions for custom home builders and remodelers.
After enduring a typical, but frustrating, homebuilding experience, Donny Wyatt founded CoConstruct in 2005 to end the chaos of the residential building process and turn it into a rewarding experience for both contractors and clients. Today, CoConstruct serves over 4,600 residential building companies as the end-to-end solution to efficiently manage and customize construction projects by bringing communications, schedules, selection decisions, estimates, and more into one place for contractors, clients, and trade partners on the web and mobile.
“After having bootstrapped CoConstruct for nearly 13 years, bringing on a seasoned private equity partner is a significant and exciting move,” said founder and CEO Donny Wyatt. “We’re incredibly blessed with serving a great industry that continues to prove its thirst for more and better technology. So, I’m positive the timing is right to apply Serent’s strategic and operational expertise, as well as capital, to help CoConstruct reach its full potential for our customers and employees.”
CoConstruct plans to increase investments in product development to bring new and increased value to its customers, as well as extend its sales and marketing efforts to reach the large number of contractors who currently do not have an all-in-one technology solution. To pave the way for the next wave of growth, CoConstruct will be aggressively focused on organizational development and executive recruitment.
“We are delighted to have the opportunity to collaborate with Donny and the rest of the team at CoConstruct,” said Kevin Frick, Partner at Serent Capital. “They have built a excellent reputation in the market for serving their clients’ needs very well – a track record that we plan to build on as we work together on CoConstruct’s next phase of growth.”
The investment in CoConstruct is Serent’s seventh in the Construction and Residential Real Estate sectors, including Safety Services, Next Gear Solutions, and Commissions, Inc., among others.
CoConstruct is the #1 Highest Rated Custom Builder & Remodeler Software as tallied by Gartner’s SoftwareAdvice.com. It is a cloud-based project management tool that helps custom builders and remodelers coordinate their projects, communicate better with clients & crews, and control the financials of their jobs. Users can manage their projects from their tablet or desktop, or in the field with a mobile app. For more information on CoConstruct, visit www.co-construct.com.
About Serent Capital
Serent Capital invests in growing businesses that have developed compelling solutions that address their customers' needs. As those businesses grow and evolve, the opportunities and challenges that they face change with them. Principals at Serent Capital have firsthand experience at capturing those opportunities and navigating these difficulties through their experiences as CEOs, strategic advisors and board members to successful growing businesses. By bringing its expertise and capital to bear, Serent helps growing businesses thrive. For more information on Serent Capital, visit www.serentcapital.com.