Thursday, 5 September 2019

SoftBank-backed construction startup Katerra acquires two more firms

Construction startup Katerra has announced the acquisition of UEB Builders and Fortune-Johnson General Contractors, just one month after hiring former oil-industry executive Paal Kibsgaard as its new chief operating officer. Under the acquisition, both UEB Builders, a general contractor with offices in Arizona, Washington and Texas, and Fortune-Johnson, a construction company specializing in multifamily projects in the Southeast and Mid-Atlantic, will be folded into Katerra — strengthening the startup’s reach into other U.S. markets. It […]



source https://therealdeal.com/national/2019/09/05/softbank-backed-construction-startup-katerra-acquires-two-more-firms/#new_tab

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