Companies complement each other, creating a single line of products that helps the building industry
(South Portland, Maine) January 23, 2017 — InterSpec, a Maine-based company that creates software solutions for the building industry, has been acquired by ARCOM, headquartered in Salt Lake City, Utah. ARCOM is owned by Alpine Investors, a private equity firm. The merger brings together the developer and distributor of master building specifications for the American Institute of Architects (AIA), and one of the foremost creators of technology tools for architects and engineers.
“This deal benefits our customers because it brings together complementary assets that they have been asking for,” commented Jim Contardi, Chief Executive Officer of ARCOM. “It makes it easier for them to be productive and ultimately allows them to build better buildings.”
Gilles Letourneau, who founded InterSpec in Portland in 1998, put it this way, “At InterSpec we have a very experienced and professional specs team and so does ARCOM. Together we can serve our specification clients more efficiently because we will be working side-by-side with the authors of the content.”
ARCOM’s best known product is MasterSpec®, used widely by architects and engineers to customize their designs and ensure that their specifications are accurate.
InterSpec has created a suite of products under the name e-SPECS, which speeds up the specification process through automation, providing tools that work with MasterSpec.
“This is a great development for our clients since 90% of them use the MasterSpec product in conjunction with our e-SPECS product,” observed Matt Hoffner, Chairman and Managing Director of InterSpec. “Making the integration tighter and the renewal and service process easier is a good thing for all.”
Hoffner added, “The 20 professional-level positions at InterSpec will stay at our offices in South Portland, and there is the real prospect of adding jobs in the near future. Of course, that’s good for Maine’s economy. And we wouldn’t be here without the patience of our investors, especially the Maine Venture Fund, which has strongly supported the growth of InterSpec,” said Hoffner.
To learn more about the acquisition and for more insight from Jim Contardi and Gilles Letourneau, please click on this video link.
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 your BIM models are coordinated with the specs. e-SPECS supports all specification master libraries of MasterSpec®, US Dept of Veterans Affairs, Canadian Master Specifications and it offers the ability to integrate custom masters. For more information visit www.e-SPECS.com or contact sales at +1-207-772-6135.
ARCOM, the specification experts, exclusively publishes MasterSpec for 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 also provides extensive product and manufacturer information through cloud-based specification resources, custom manufacturer specifications, and the SpecBuilder Expert platform. ARCOM’s innovative specification productivity software tools dramatically simplify specification creation, research, editing, and formatting.
MasterSpec is a registered copyright of the AIA and exclusively authored and distributed by ARCOM.
About Alpine Investors
Alpine 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. For more information, visit www.alpine-investors.com.