Katerra Avoids Bankruptcy with $M from Softbank | SBC Magazine
Katerra has failed to complete roughly a dozen projects and could only name one that was delivered on time. Some clients have ended their relationship with the firm. The Real Deal takes an investigative look at some of the recent business dealings and project announcements from Katerra. The vertically integrated construction and modular building components start-up is facing renewed media and financial scrutiny following the recently announced closure of its first fabrication plant in Phoenix, Arizona. Katerra's lack of understanding of the AEC industry destroyed my company by buying them in Fall We were an up-and-coming GC in Colorado that self-performed concrete and wood framing, and had a four person leadership of young, bright, energized people.
SoftBank to Get Majority Stake in Katerra With $200 Million Bailout
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Originally published by : Wall Street Journal — December 30, The following article was produced and published by the source linked to above, who is solely responsible for its content. As a consequence, SBC cannot vouch for the validity of any facts, claims or opinions made in the article. SoftBank Group Corp. Kibsgaard said in an interview Wednesday.