Business View Magazine l October 2022

76 BUSINESS VIEW MAGAZINE VOLUME 9, ISSUE 10 Through this process, Quality Built collected more data on construction quality than any company in the world, creating all of the compliance metrics used today by most insurance carriers for construction underwriting purposes. “The company is founded on the premise that if we can proactively identify quality issues in construction, we can educate the builder and the trade contractors on how to do it properly, in the beginning, to reduce and, hopefully, eliminate those problems in future products,” says Gillett. Quality Built currently maintains a workforce of 330, most of whom are raters and engineers. “As a company that the industry benchmarks against, we must provide a higher level of expertise to job sites,” states Gillett. “The majority of our staff are International Code Council (ICC) B1 (Residential Building Inspectors) or B2 (Commercial Building Inspector) licensed and credentialed individuals. We also have Home Energy Rating Systems (HERS) raters, usually engineers.” Gillett explains further that Quality Built must carry that higher credential to maintain credibility and provide proper feedback to job sites to improve the quality of output and overall job site productivity. A significant driver of the company’s recent growth was the entrance of Gallant Capital Partners through a private equity investment into the company. Gillett reports that the alignment between the company’s long- term vision and that of the PE firm has gone a long way in accelerating its growth while consolidating its current market position. “Gallant has seen the long vision of our company and has been willing to invest significantly,” Gillett says. “For example, they recently put in close to $10 million of investment in ForeSite, a new construction workflow management and optimization platform we are launching, which is extremely uncharacteristic of a PE firm because they typically don’t fund startups.”