DENVER – SLATE Partners (SLATE) is proud to announce that its Principals have acted as the exclusive financial advisor to HomeSphere, LLC (“HomeSphere”), headquartered in Lakewood, Colorado. This month, the firm finalized a growth equity investment from Teakwood Capital, a Dallas-based private equity firm, opening up expansion opportunities and allowing HomeSphere to deliver significant ROI to the residential building industry.
Founded in 1999, HomeSphere is the first digital marketplace to serve the residential construction industry. Its platform connects major building product manufacturers and local and regional home builders through a host of technology-enabled solutions that address major pain points experienced in the industry such as insufficient sales force coverage, information gaps in the supply chain, inadequate data analytics, and manual rebate processing. With its custom technology and robust sales and marketing resources, HomeSphere has established a network of over 1,900 home builders and more than 80 product brands.
“HomeSphere is leading the wave of increased technology adoption within the construction materials supply chain. With Teakwood’s financial backing, its management can accelerate the rollout of a variety of new services and offerings,” remarked Aaron Bachik, co-founder and Managing Partner of SLATE.
Glenn Renner, HomeSphere’s CEO, commented “SLATE had the building products expertise and access to investors that helped us identify a partner that understands our business, our vision and our objectives. We are now poised for a bright future and, most importantly, the opportunity to create significant value for our customers – builders, manufacturers and distributors.
HomeSphere, LLC was supported in the transaction by its accounting firm, EKS&H, and received legal counsel from Bryan Cave, LLP.
