AUSTIN, Texas, December 12, 2024 – Billd, the leading provider of financial solutions for commercial subcontractors, has partnered with Atlas SP Partners (“ATLAS”), the warehouse finance and securitized products business majority owned by Apollo funds, on a $144 million financing facility.
“Our partnership with ATLAS marks a significant milestone solving for supply chain finance in construction,” said Chris Doyle, CEO of Billd. “This represents the first institutional capital ever deployed to solve the working capital problem in commercial construction.”
This partnership reinforces Billd’s ability to support subcontractors across the country. This financing facility is designed with an eye toward future securitization, positioning Billd to meet increased demand from subcontractors for flexible, construction-centric financial solutions.
“Having access to more efficient working capital solutions empowers subcontractors to do the best work of their lives, and Billd is proud to continue paving the way with new financial solutions designed for subcontractors,” Chris Doyle said.
Through flexible financing options tailored specifically for subcontractors, Billd is committed to disrupting the $1.5 trillion construction industry. Billd’s financial solutions empower subcontractors to tackle projects on their terms, mitigating the risks associated with upfront material costs and extended payment cycles common in the industry by offering solutions aligned with payment terms in construction.
About ATLAS
SP Partners ATLAS SP is a global investment firm providing stable capital, financing, advisory and institutional products to market participants seeking innovative and bespoke structured credit and asset backed solutions. We’re proud to build upon a legacy of client excellence that includes certainty of execution, deep expertise and full-service capabilities across the asset management landscape. For more information, visit www.atlas-sp.com.
