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Exit news: Plantation-based e-Builder acquired for $500 million

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e-Builder CEO Ron Antevy in gameroom of Plantation headquarters. Miami Herald File Photo

 

South Florida construction-software company e-Builder has been acquired by Trimble, a global technology company based in Silicon Valley, for $500 million, the companies announced Friday.

Founded in 1995 by brothers Ron and Jon Antevy, e-Builder today is a company with $53 million in annual revenues and about 220 employees, sprouting from Jon's idea to transform construction technology explored in his University of Florida master’s thesis.

e-Builder has been growing at about 20 percent a year, but the Antevys wanted to expand further and believed they needed a partner to do that, CEO Ron Antevy told the Sun Sentinel. Trimble was approached but pitched the acquisition instead.

e-Builder will remain in Plantation, where it is headquartered, with the Antevys at the helm. Many of the employees reportedly had stock options so they will benefit financially from the deal, too.

Publicly-traded Trimble, which had $2.4 billion in 2016 revenues and is based in Sunnyvale, Calif., is the buyer in the cash transaction. The company provides technologies in the construction, agriculture, transportation, logistics and other industries, and it operates in 35 countries.

READ THE FULL STORY HERE.

 

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