Buildertrend was founded in 2006 by Dan Houghton, Jeff Dugger and Steve Dugger who identified the need for user-friendly, web-based software to serve the residential construction industry. Buildertrend’s software helps construction companies build more projects, build them faster, reduce costly communication errors and maximize customer satisfaction. Today, with 220 employees and over 420,000 users across the U.S. and 40 countries, Buildertrend is the most widely used cloud-based system in the industry. Buildertrend’s clients have completed over 730,000 projects utilizing the software, totaling $63 billion in value.
IRI’s Pat Regan has represented the fast-growing company since 2008, when Buildertrend leased a 2,000 sq. ft. office. In December 2014, Pat represented the company in the sale of a 10,000 sq. ft. building at 110th and Q Street and in the purchase of its current headquarters in Miracle Hills. In December 2016, Pat helped Buildertrend purchase the former Vatterott campus at 11818 I Street for $8.6 million. In February 2017, he assisted in the sale of Buildertrend’s headquarters at 118th and Nicholas Street for $4.4 million.
The 105,500 sq. ft. Vatterott building will serve as Buildertrend’s new headquarters. The building’s newer construction and large floorplates allow for each of the company’s departments to be on the same floor and maintain team synergy. The office will also have open workspaces, common areas including a workout room and full kitchen, and a large atrium for all-company meetings – features important to employee satisfaction, recruiting and building upon company culture. Additionally, the building allows for accelerated growth in line with Buildertrend’s strategy. The company will move into the building in June 2017.
Buildertrend founders Dan Houghton, Jeff Dugger, and Steve Dugger
This article appeared in our quarterly newsletter from June of 2017. The full newsletter is available at http://files.investorsomaha.com/download/IR_newsletter_June_2017.pdf