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2018-04-12

Serent Capital Invests in CoConstruct, a Leader in Construction Management Software 

San Francisco, CA - April 12, 2018 - Serent Capital, a San Francisco-based private equity firm focused on investing in fast-growing software and services businesses, has made an investment in CoConstruct, a leading provider of cloud-based client, project, and financial management solutions for custom home builders and remodelers. 

After enduring a typical, but frustrating, homebuilding experience, Donny Wyatt founded CoConstruct in 2005 to end the chaos of the residential building process and turn it into a rewarding experience for both contractors and clients. Today, CoConstruct serves over 4,600 residential building companies as the end-to-end solution to efficiently manage and customize construction projects by bringing communications, schedules, selection decisions, estimates, and more into one place for contractors, clients, and trade partners on the web and mobile. 

“After having bootstrapped CoConstruct for nearly 13 years, bringing on a seasoned private equity partner is a significant and exciting move,” said founder and CEO Donny Wyatt. “We’re incredibly blessed with serving a great industry that continues to prove its thirst for more and better technology. So, I’m positive the timing is right to apply Serent’s strategic and operational expertise, as well as capital, to help CoConstruct reach its full potential for our customers and employees.” 

CoConstruct plans to increase investments in product development to bring new and increased value to its customers, as well as extend its sales and marketing efforts to reach the large number of contractors who currently do not have an all-in-one technology solution. To pave the way for the next wave of growth, CoConstruct will be aggressively focused on organizational development and executive recruitment. 

“We are delighted to have the opportunity to collaborate with Donny and the rest of the team at CoConstruct,” said Kevin Frick, Partner at Serent Capital. “They have built a excellent reputation in the market for serving their clients’ needs very well – a track record that we plan to build on as we work together on CoConstruct’s next phase of growth.” 

The investment in CoConstruct is Serent’s seventh in the Construction and Residential Real Estate sectors, including Safety Services, Next Gear Solutions, and Commissions, Inc., among others.

About CoConstruct 
CoConstruct is the #1 Highest Rated Custom Builder & Remodeler Software as tallied by Gartner’s SoftwareAdvice.com. It is a cloud-based project management tool that helps custom builders and remodelers coordinate their projects, communicate better with clients & crews, and control the financials of their jobs. Users can manage their projects from their tablet or desktop, or in the field with a mobile app. For more information on CoConstruct, visit www.co-construct.com. 

About Serent Capital
Serent Capital invests in growing businesses that have developed compelling solutions that address their customers' needs. As those businesses grow and evolve, the opportunities and challenges that they face change with them. Principals at Serent Capital have firsthand experience at capturing those opportunities and navigating these difficulties through their experiences as CEOs, strategic advisors and board members to successful growing businesses. By bringing its expertise and capital to bear, Serent helps growing businesses thrive. For more information on Serent Capital, visit www.serentcapital.com. 


Disclaimer 
This information is intended exclusively for the use of the person to whom it was delivered on behalf of Serent Capital Management Company, L.L.C. ("Serent") and may not be reproduced or used for any other purpose. It does not constitute an offer to sell or the solicitation of an offer to buy interests in any private investment vehicle managed by Serent (collectively, the "Funds"). Offers and sales will be made only pursuant to a confidential private placement memorandum (the "Memorandum"), which describes the terms and risks of an investment. Nothing presented herein is intended to constitute investment advice, nor sales material, and no investment decision should be made based on any information provided herein. Information provided reflects Serent's views as of a particular time and are subject to change without notice. Any forward looking statements or forecasts are based on assumptions and actual results are expected to vary from any such statements or forecasts. While Serent has used reasonable efforts to obtain information from reliable sources, we make no representations or warranties as to the accuracy, reliability, or completeness of third party information presented herein. 

Past performance is not indicative of future results. There can be no guarantee that any investment strategy employed by Serent will be successful. An investment in the Funds managed by Serent is speculative, illiquid, and involves a high degree of risk, including possible loss of principal. 

The portfolio companies highlighted do not necessarily represent all of the investments made or recommended by Serent, and it should not be assumed that the specific investments identified and discussed herein were or will be profitable. It should be specifically noted that not all transactions entered into by Serent will be profitable or will equal the performance of the companies described herein. No guarantee of investment performance is being provided and no inference to the contrary should be made. A full list of portfolio holdings is available on Serent's website.