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Lakewood,
Colo. – The Board of Directors of Colorado-based
HomeSphere, Inc., the premier provider of technology-leveraged supply chain
services to the homebuilding industry, announced the acquisition of
BestContractors.com, an unbiased and web-based
directory of home improvement and repair professionals to homeowners.
The deal solidifies HomeSphere’s position as the leading provider of web-based services to constituents throughout the construction supply chain. For ten years HomeSphere has been providing services to residential homebuilders and building product manufacturers. HomeSphere now expands its market to include consumers and contractors of the remodeling and home improvement sector.
“For the past year, HomeSphere has been evaluating expansion opportunities,” noted Jim Waldrop, HomeSphere CEO and chairman. The acquisition of BestContractors.com provides value to our current customers and allows us to expand the company’s footprint to include additional markets within the construction sector.”
BestContractors.com currently operates in 21 markets in major metropolitan areas throughout the southeast and southwest regions of the country. HomeSphere’s national platform will allow for an expansion of the company’s services to homeowners and contractors in the remodeling market, while providing value to the 70 major building product brands currently employing HomeSphere’s Web-based platform.
“Over the past ten years we have developed a winning business model that adds value by connecting supply chain partners despite the fragmentation of the industry,” noted Glenn Renner, president of HomeSphere. “We believe this transaction will allow us to rapidly increase our competitiveness and add value to our customers ahead of any rebound in the new residential construction market.”
BestContractors.com will continue to operate from its offices in Denver. Key leadership and employees for the web-based enterprise will remain in place, but will report to HomeSphere president, Glenn Renner.
Financial details of the deal were not disclosed.
Please visit HomeSphere at www.homesphere.com for more information.
The deal solidifies HomeSphere’s position as the leading provider of web-based services to constituents throughout the construction supply chain. For ten years HomeSphere has been providing services to residential homebuilders and building product manufacturers. HomeSphere now expands its market to include consumers and contractors of the remodeling and home improvement sector.
“For the past year, HomeSphere has been evaluating expansion opportunities,” noted Jim Waldrop, HomeSphere CEO and chairman. The acquisition of BestContractors.com provides value to our current customers and allows us to expand the company’s footprint to include additional markets within the construction sector.”
BestContractors.com currently operates in 21 markets in major metropolitan areas throughout the southeast and southwest regions of the country. HomeSphere’s national platform will allow for an expansion of the company’s services to homeowners and contractors in the remodeling market, while providing value to the 70 major building product brands currently employing HomeSphere’s Web-based platform.
“Over the past ten years we have developed a winning business model that adds value by connecting supply chain partners despite the fragmentation of the industry,” noted Glenn Renner, president of HomeSphere. “We believe this transaction will allow us to rapidly increase our competitiveness and add value to our customers ahead of any rebound in the new residential construction market.”
BestContractors.com will continue to operate from its offices in Denver. Key leadership and employees for the web-based enterprise will remain in place, but will report to HomeSphere president, Glenn Renner.
Financial details of the deal were not disclosed.
Please visit HomeSphere at www.homesphere.com for more information.
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