Specialty software developers can often expand their market share by acquiring other, similarly focused companies. The acquisition route is beneficial when the acquired company’s product line fits neatly into the other’s portfolio.

CoConstruct, a Va.-based SaaS (Software-as-a-Servce)-provider of project, financial, and client management software for independent home builders and remodelers, has acquired CBUSA, an 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 construction software, used to manage the financials of building projects, by integrating into it group purchasing programs that improve the economics of residential construction.

CoConstruct is used by more than 5,000 residential construction companies managing over $23 billion in projects in the past year. Handling everything from communication tracking, field scheduling, and payment processing, CoConstruct plans to use this acquisition to further the company’s “Build Together” mantra by expanding its community-building efforts beyond best practice sharing to lowering hard costs on projects.

CBUSA is a powerful homebuilding network devoted to the success of independent home builders by reducing costs, increasing service levels, and creating a community of shared knowledge. The company is currently established in 29 cities nationwide, with a distributed team of 16 employees focused on serving and expanding their markets.

While work will begin immediately on integrations to enhance the 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. 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.

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