Construction management software provider CoConstruct has announced that it has acquired CBUSA, a group purchase organization that allows custom and semi-custom builders to combine their buying power to more effectively compete with national builders.
The acquisition complements CoConstruct’s existing software, which handles everything from communication tracking, field scheduling, and payment processing of building projects, by integrating group purchasing programs that improve the underlying economics of residential construction.
“CoConstruct is a business improvement company—not just a software company—for builders and remodelers,” says Donny Wyatt, founder and CEO of CoConstruct. “We’re excited to combine the two companies’ approaches into one integrated solution that makes it simple for customers to take advantage of the hard dollar cost savings from CBUSA’s power buying model by integrating them into the efficiency-boosting, all-in-one financial workflow that CoConstruct has today.”
CBUSA was founded in 2004 by Bill Smithers and operates a group buying network of 500 custom and independent home builders in 29 geographic markets. Smithers, and the entire CBUSA team, will continue with CoConstruct to expand their work in the combined company.
“This is the next phase in supercharging our company and will help our team to fully realize CBUSA’s vision,” says Smithers. “The more volume we have in the market, the greater our buying power, which is at the core of our 'strength in numbers' approach. By combining our expertise in purchasing with CoConstruct’s technology platform and large customer base, we are able to bring more value to our network and unrivaled opportunities for operational improvement.”
While work will begin immediately on integrations to bring enhanced value to CoConstruct users, existing CBUSA customers who are not currently using the CoConstruct platform will continue to participate and benefit from the CBUSA network, as they have in the past. The combined teams will also be working with CBUSA’s national manufacturer partners to help them best capitalize on the greatly expanded post-acquisition reach of the group purchase network.
