US prefab specialist Katerra has added two contractors to its stable of companies: UEB Builders and Fortune-Johnson General Contractors.
The acquisitions allow the Silicon Valley company to expand its coverage of the US market. UEB Builders is a general contractor in Arizona that constructs commercial and residential projects. Georgia-based Fortune-Johnson specialises in multi-family residential projects. Both companies will adopt the Katerra brand.
— BIM+
According to Bim+, the acquisition will add 320 employees to Katerra's payroll, pushing the company's workforce to 8,500 individuals. In January 2019, the end-to-end building services provider also received an infusion of investment from Japan's SoftBank that raised Katerra's valuation to over $4 billion.
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