Genstar Capital Management, LLC has created a vertically-focused SaaS platform company for the construction industry by combining iSqFt and BidClerk, two leading providers of project data, analytics and software tools to the construction industry.
iSqFt's primary offerings include lead generation, project management and network promotion for trade contractors as well as contact and document management, all delivered through a SaaS platform. BidClerk provides cloud-based construction project data and marketing tools for building product manufacturers, contractors and distributors.
"The creation of a cloud-based platform company focused on the construction vertical is an exciting opportunity for Genstar," said Eli Weiss, a principal at Genstar. "Given the complementary nature of the two companies, the combined organization will have expanded capabilities and is very well positioned to capitalize on the growing utilization of technology tools in the construction industry process. We look forward to working with the management teams of iSqFt and Bid Clerk to pursue future strategic add-on acquisitions that will further deploy technology into the construction vertical."
