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May 2021

Stanley Black & Decker Acquires Buildup

Stanley Black & Decker Acquires Construction Software Company: Buildup

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Stanley Black & Decker, a world leader in the tools and storage business, today announces it has acquired Buildup, a task management, punch list and inspection software company. Buildup joins the STANLEY X Construction Technology portfolio. The mobile-first application approach of Buildup complements and extends the existing web-based offerings from STANLEY X Construction Tech such as OneConstruct, a first of its kind collaborative scheduling software for the construction industry. This acquisition expands the prowess of STANLEY X Construction Technology to jobsite collaboration for task management, inspection, documentation markup, and communication.

“We are excited to welcome Buildup to STANLEY X as we expand and grow our construction technology capabilities”, said Michael Keogh, VP & President of STANLEY X. “Collaboration is central to construction, and Buildup’s collaborative platform aligns well with our existing vision and strategy. We are certain that a partnership between our collective teams will create growth opportunities and deliver extraordinary experiences to our customers.”

“Buildup extends our current OneConstruct offering into a collaborative trade solution, and it will certainly accelerate our efforts in improving construction productivity on job sites”, adds Justin Saeheng, Head of Construction Technology at STANLEY X.

Stephen Haskin, CEO of Buildup expresses that, “The Buildup team is excited to join STANLEY X and the Stanley Black & Decker community. We firmly believe this strategically aligned business will help Buildup, OneConstruct, and STANLEY X grow our customer base and product offerings.”

Buildup was designed with construction, development, and real estate professionals in mind, providing an easy-to-use collaboration tool for task management, punch list, and inspections. The mobile-first application allows users to document conditions, request action, and communicate in the built environment. On a recently completed ~$70M+ multifamily project, Buildup helped users close out tasks 44% faster than in previous projects. Buildup also improved project schedule completion by 7% and helped achieve up to 80% less tasks and punch list items during the final closeout. Improved collaboration and communication save time, costs, and headaches for all parties in construction and renovation.

About Stanley Black & Decker and STANLEY X Construction Technology

Stanley Black & Decker is a global diversified leader founded in 1843 with more than $14 billion in revenue. The company is powered by 53,000 employees in more than 60 countries. Stanley Black & Decker is a provider of engineered fasteners and equipment, infrastructure engineering equipment, hand tools, power tools and related accessories, electronic security solutions, and healthcare solutions.

They operate the world’s largest tools and storage business and the world’s second-largest commercial electronic security company. The company’s iconic brands include BLACK+DECKER, Bostitch, CRAFTSMAN, DEWALT, FACOM, Irwin, Lenox, Porter Cable and STANLEY. Stanley Black & Decker is a company for the makers and innovators, the craftsmen and the caregivers, and those doing the hard work to make the world a better place.

STANLEY X is the innovation business unit of Stanley Black & Decker. STANLEY X’s mission is to create new sources of growth for Stanley Black & Decker and to lead disruption in its core industries. At STANLEY X Construction Technology, we are building product ecosystems that solve critical pain points in the construction industry.

Please visit our official website for more information about us: www.stanleyblackanddecker.com. You can also visit www.stanleyx.com to learn more about our innovation and STANLEY X offerings.

About Buildup

Buildup is a task management, punch list and inspection software that helps improve product quality, reduces costs and shortens construction timelines. Used by owners, developers, GCs, subcontractors, architects, third-party consultants, and property managers, Buildup ensures that everyone is “on the same page” and projects are completed on time and on budget. To learn more about Buildup, please visit www.buildup.co.

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