SoftBank-backed construction startup Katerra acquires two more firms
The Real Deal National
Sylvia Varnham O’Regan
Construction startup Katerra has announced the acquisition of UEB Builders and Fortune-Johnson General Contractors, just one month after hiring former oil-industry executive Paal Kibsgaard as its new chief operating officer.
Under the acquisition, both UEB Builders, a general contractor with offices in Arizona, Washington and Texas, and Fortune-Johnson, a construction company specializing in multifamily projects in the Southeast and Mid-Atlantic, will be folded into Katerra — strengthening the startup’s reach into other U.S. markets.
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