LOS ANGELES – Private equity firm Alpine Investors acquired Salt Lake City-based Arcom, the American Institute of Architects partner in software and design building specifications. Jim Contardi was named CEO of Arcom.
Arcom maintains AIA's MasterSpec content, which is used by 88 percent of the top architectural and engineering firms in the United States.
“The U.S. non-residential construction market, which is just now starting to reap the tremendous benefits brought by technology, is forecast to grow for the next decade,” said Mark Strauch, a partner at Alpine and now a board member at Arcom.
Strauch said Alpine's market research identified Arcom as a well-respected leader in delivering productivity-enhancing software solutions to provide the rich specification content needed by architects, engineers, designers and specification professionals. The system helps architectural woodworks to interface electronically to master building plans developed by architects. This week, for example, Advance Cabinet Systems announced its developed of specifications for Division 12 plastic laminate cabinetry within Arcom's MasterSpec.
“Arcom has a long history of providing leadership in the architecture and building design industry through delivery of MasterSpec, a product created by AIA for its members,” said AIA CEO Robert Ivy. “We are very confident in the new ownership of ARCOM and its new CEO, Jim Contardi, and our mutual investment in the future of MasterSpec.”
Learn more about this acquisition and what it means for customers at www.arcomnet.com.
About The American Institute of Architects
Founded in 1857, the American Institute of Architects consistently works to create more valuable, healthy, secure, and sustainable buildings, neighborhoods, and communities. Through nearly 300 state and local chapters, the AIA advocates for public policies that promote economic vitality and public wellbeing. Members adhere to a code of ethics and conduct to ensure the highest professional standards. The AIA provides members with tools and resources to assist them in their careers and business as well as engaging civic and government leaders and the public to find solutions to pressing issues facing our communities, institutions, nation and world. Visit www.aia.org.
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