Teakwood Capital Makes Growth Capital Investment in HomeSphere
Teakwood Capital, a Dallas, Texas private equity firm, announced today that it has made a growth capital investment in Denver-based HomeSphere, the homebuilding industry’s first and only B2B digital lead generation and customer retention platform.
HomeSphere hosts a digital community of nearly 1,900 local and regional home builders and 55 national building product manufacturers representing 80 brands. This investment will allow the company to leverage Teakwood’s operational and technology development capabilities to further expand its sales, marketing and market intelligence products, delivering significant return on investment to its customers.
“Colorado is a strong and growing technology center, and we are pleased to have identified a solid investment opportunity in HomeSphere,” said Shawn Kelly, Managing Director at Teakwood Capital. “The HomeSphere team has done a superior job developing its service platform and delivering strong returns for customers, and Teakwood looks forward to bringing its operational and strategic expertise as we work alongside them to further company growth and client value.”
HomeSphere’s solutions provide builders with access to exclusive rebate opportunities formerly available to the largest national homebuilders; offer manufacturers’ sales teams a fail-safe strategy for developing targeted leads among local builders who, as a category, are constructing 75 percent of today’s new homes; and strengthen the connection between distributors and their builders.
“Oour team is excited about the great opportunities that lie ahead given this investment by Teakwood,” said HomeSphere President and CEO Glenn Renner. “We see a bright future for our company, and most importantly, significant value for our customers-builders, manufacturers and distributors.”
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About Teakwood Capital
Teakwood Capital is a Dallas, Texas private equity firm that invests in profitable technology-focused companies with revenues below $25 Million that are interested in accelerating growth with expansion capital and top-tier talent. The firm typically focuses on companies in Texas and neighboring states, and has deep, hands-on operating experience complemented by an Executive Partner team of successful ex-CXO’s working closely with portfolio company management teams to create value through organic revenue growth, operational improvements, and sustainable intellectual property. For more information, visit teakwoodcapital.com.
About HomeSphere
HomeSphere is the homebuilding industry’s first and only B2B digital community of local home builders and national building product manufacturers, including 55 building product manufacturers representing 80 brands, and nearly 1,900 local and regional home builders. Leveraging exclusive, actionable market intelligence and access to sought after relationships, HomeSphere’s solutions deliver ultra-targeted business opportunities with more profit potential. For more information, visit homesphere.com.