PE-backed ARCOM acquires InterSpec

ARCOM, which is owned by Alpine Investors, has acquired InterSpec, a provider of BIM-to-specifications software e-SPECS. No financial terms were disclosed.

PRESS RELEASE

SALT LAKE CITY, Jan. 23, 2017 /PRNewswire/ — ARCOM is pleased to announce its purchase of InterSpec, the leading provider of BIM-to-specifications software, e-SPECS®. ARCOM, owned by Alpine Investors V SBIC, LP, a fund at private equity firm Alpine Investors, is the exclusive publisher of the master guide specification system MasterSpec®, a product of the American Institute of Architects (AIA).

“By bringing ARCOM and InterSpec together, ARCOM is positioned to offer the industry the tremendous benefits of pairing innovative technology with unparalleled specification content,” said Mark Strauch, ARCOM Chairman and Alpine Investors Partner.

“I am thrilled to have InterSpec join the ARCOM team,” said Jim Contardi, ARCOM CEO. “InterSpec and ARCOM have had a long-standing relationship, and this development benefits our customers by bringing together the complementary assets they have been asking for. It makes it easier for them to be productive, and ultimately allows them to build better buildings.”

This merger combines ARCOM’s expertly developed MasterSpec master guide specifications, which are widely used by architects and engineers to create accurate, customized technical construction documents, with one of the foremost developers of technology tools for architects, engineers, and the construction industry. InterSpec’s e-SPECS is a suite of products that accelerates the specification writing process through automation when working with MasterSpec.

Gilles Letourneau, AIA, CSI, founded InterSpec in Portland, Maine, in 1998 and will remain with the combined entity. “InterSpec has very experienced and professional specs and software teams, and so does ARCOM,” said Gilles. “Bringing these two talented teams together positions us to work side-by-side with the authors of the content to serve our customers more efficiently. This is an exciting development for the industry.”
Alpine Investors V SBIC, LP acquired ARCOM in October 2016. ARCOM’s acquisition of InterSpec helps fulfill Alpine Investor’s vision of making a long-term investment in the thriving architecture and engineering industry.

Learn more about this acquisition and what it means for customers at www.arcomnet.com.

About ARCOM
ARCOM, the specification experts, exclusively publishes MasterSpec®, a product of the American Institute of Architects (AIA), for use by design professionals involved in building projects. ARCOM owns and publishes SpecText® for use by engineers for infrastructure projects, including water and wastewater. ARCOM works with manufacturers, providing extensive product and manufacturer information through cloud-based specification resources, custom manufacturer specifications, and the SpecBuilder Expert platform. ARCOM’s innovative software specification tools and resources dramatically simplify specification creation, research, and project management. Follow ARCOM on Facebook, Twitter, LinkedIn and our blog.

About InterSpec
InterSpec provides software solutions and spec writing services built on its patented e-SPECS® technology. e-SPECS saves architects and engineers time and cost while producing a higher quality project or ensuring BIM models are coordinated with the specs. e-SPECS supports all specification master libraries of MasterSpec®, US Department of Veterans Affairs, Canadian Master Specifications, and also offers the ability to integrate custom masters.

About Alpine Investors
Alpine Investors is a values-driven private equity firm with a mission to build enduring companies by working with, learning from, and developing exceptional people. Alpine specializes in lower middle-market companies in the software, online, and business services industries.