ARCOM Acquires InterSpec
SALT LAKE CITY, UT ARCOM announces 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 Letourneau. "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.