Builders FirstSource (BFS) acquired Apollo software assets from bankrupt construction technology startup Katerra for approximately $4.5 million. The Apollo platform provides design collaboration and workflow, construction budgeting and scheduling, and field task assignment with mobile functionality.
According to BFS, the acquisition aligns with the dealer’s digital strategy to address inefficiencies in the home building process and complements its recent acquisition of WTS Paradigm. Paradigm is a software solutions and services provider for manufacturers, retailers, dealers, builders, and remodelers in the building products industry.
“We are well-positioned to lead the digital transformation in home construction, which significantly lags behind other industries in the application of technology to drive efficiency,” Dave Flitman, president and CEO of BFS, said in a news release. “Our digital strategy focuses on how we can make our customers’ businesses better by shortening project timelines and reducing waste. The Paradigm acquisition provided the company with a critical entry point and the ability to be a leader in whole-house design. The Apollo software builds upon that foundation, providing features and functionality that will help us streamline the construction process. We look forward to leading the construction industry into a new age of technological innovation and efficiency.”
Dallas-based BFS operates in 39 states with approximately 550 locations and has a market presence in 84 of the top 100 MSAs. The company provides value-added products such as roof and floor trusses, wall panels, stairs, vinyl windows, custom millwork and pre-hung doors. BFS also distributes dimensional lumber and lumber sheet goods, millwork, windows, interior and exterior doors, and other building products. The dealer has expanded recently through its mega-merger with BMC Holdings and its acquisitions of Michigan-based John’s Lumber and Arizona-based Cornerstone Building Alliance. Earlier in September, the dealer acquired California TrusFrame, LLC, a designer and manufacturer of prefabricated structural building components, including roof trusses, floor trusses, and wall panels.
