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- GPRS Acquires Existing Conditions to Strengthen Reality Capture Services
GPRS Acquires Existing Conditions to Strengthen Reality Capture Services
Slice of Construction Team
August 19, 2024
Key Highlights:
GPRS acquires Boston-based Existing Conditions, marking its tenth acquisition.
Acquisition enhances GPRS' market position in reality capture and 3D laser scanning services.
Existing Conditions leaders join GPRS to support continued growth and service expansion.
Source (Direct)
Notable Quotes:
"Existing Conditions represents a highly complementary acquisition for GPRS that enhances our market position in several rapidly growing regions."
"The new partnership with GPRS and Kohlberg gives us additional capital and resources, enabling Existing Conditions to better serve our clients and support our growth."
"We are excited to partner with Matt Aston and his team to continue to extend GPRS’ leadership position."
Our Take:
The acquisition of Existing Conditions by GPRS is a strategic move that solidifies GPRS' standing in the rapidly growing reality capture and 3D laser scanning markets. This partnership not only enhances GPRS' service offerings but also positions the company for significant expansion across key regions in the United States. By bringing in the expertise of Existing Conditions' leadership, GPRS is poised to accelerate its growth trajectory and continue leading in innovation within the building industry's reality capture sector.