Building Systems Design (BSD), founded in 1983, develops master specification content available to the architecture, engineering, and construction markets of North America. BSD delivers its content via innovative software tools that help clients simplify projects and increase efficiency.
Caltius Structured Capital facilitated the management buy-out of BSD through a recapitalization with debt and equity securities. The pre-existing owner, the Construction Specifications Institute, remained a minority equity holder and key strategic partner.
“Caltius provided us with the capital we needed to re-structure the BSD ownership in a timely and efficient manner. They quickly understood our business and the opportunity to innovate in the space. We look forward to working with them as we grow the business.”
Chris Anderson, CEO of BSD