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Specification Company Acquired, Names New CEO

Tuesday, October 11, 2016

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Arcom, a leader in the building specification software industry, has been acquired by a private equity firm and has appointed a new chief operating officer.

San Francisco-based Alpine Investors V SBIC, LP (Alpine), announced Oct. 5 that it purchased Salt Lake City-based Arcom.

Terms of the deal were not disclosed.

In addition to the acquisition, Arcom said Christopher Bushnell, AIA, who had served as the company’s president and CEO for 10 years, will retire at the end of the year. Jim Contardi, a CEO-in-residence at Alpine, has assumed the role of CEO at Arcom.

Jim Contardi
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Jim Contardi, a CEO-in-residence at Alpine, has assumed the role as CEO at Arcom.

“I am thrilled to join the industry leaders at ARCOM to lead us into the next chapter,” said Contardi. “This talented team has built a strong foundation for growth and together, with Alpine’s support, we will scale ARCOM to provide the next level of innovative solutions to the architectural, engineering and construction market. This is just the first step into an exciting future.”

A Strategic Deal

Arcom is a partner to the American Institute of Architects (AIA) and maintains and distributes the organization’s AIA MasterSpec content, which is used by 88 percent of the top architectural and engineering firms in the United States.

“The U.S. non-residential construction market, which is just now starting to reap the tremendous benefits brought by technology, is forecast to grow for the next decade,” said Mark Strauch, a partner at Alpine and now a board member at Arcom.

“Our market research quickly identified ARCOM as a well-respected leader in delivering productivity-enhancing software solutions to provide the rich specification content needed by architects, engineers, designers and specification professionals. This combination of untapped market opportunity and the company’s established leadership was very attractive to us.”

For more information acquisition and what it means for customers, visit www.arcomnet.com.

   

Tagged categories: Arcom; Online tools; Software; Specification; Specification writing

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