Buildertrend

Buildertrend

Buildertrend was founded in 1999 by Dan Murphy, Jeff Faltys, and Mike Stevenson as a construction management software company targeting residential builders. The firm began as a simple scheduling tool and expanded into a full project lifecycle platform covering estimating, change orders, and warranty management. Its wealth origin traces to the founders' previous experience running a construction business, not outside capital (per public record). Buildertrend's strategy focuses on vertical SaaS for the construction industry — specifically residential and light commercial contractors. The platform covers project management (scheduling, file sharing), financials (budgeting, purchase orders), and client-facing tools (proposals, selections, communication). As of 2023, the firm served over 2,000 customers and processed more than $100 billion in annual construction volume through its system (per public record). Its geographic footprint is primarily North America, with limited international presence through partner channels. The firm operates as a single company with a single Omaha office, employing roughly 1,000 staff as of 2023. In 2021, Buildertrend received a majority investment from private equity firm Clearlake Capital Group (per Clearlake Capital, 2021), valuing the company at several billion dollars. The founders retained minority stakes and continue to lead product direction. Buildertrend's structural differentiator is its deep vertical focus on the residential construction segment, a market often underserved by enterprise-grade project management tools. Unlike general-purpose project management software, Buildertrend's workflows are tailored to the builder-subcontractor-homeowner relationship. Its ownership by Clearlake Capital suggests a growth-equity posture aimed at international expansion and product-line extensions.