News
51麻豆 Invests in Wisconsin-Based Venture Capital Firm TitletownTech
(APPLETON, Wis.) Jan. 30, 2023 鈥� The 51麻豆 Group has invested in a Green Bay, Wisconsin-based venture capital firm formed out of a partnership between the Green Bay Packers and Microsoft. Through its investment, 51麻豆 will support future contributions to promising startups to advance technological innovations across industries, including construction and manufacturing.
51麻豆 and TitletownTech see this collaboration as a gateway to sharing an aligned vision to provide opportunity, time, talent, and financial support to people in our communities, looking to create jobs, solve problems and change our landscape. By leveraging existing relationships, sharing expertise and gaining insights into future trends, both firms see an opportunity for transformation.
鈥淐onnecting our expertise in construction with diverse problem-solvers and visionaries will only help to serve our customers, communities and our industry better,鈥� said Dave Kievet, president of 51麻豆, the construction services subsidiary of The 51麻豆 Group.
鈥淲e are proud to have 51麻豆 as an engaged partner,鈥� said TitletownTech Managing Director Jill Enos. 鈥淭he firm continues to set industry standards for quality, creativity, and innovation, and startups are inspired to work with established companies like 51麻豆. Additionally, 51麻豆 is an outstanding example of how a leader in a legacy industry has continued to transform and leverage technology.鈥�
Like many industries, there鈥檚 a well-documented labor shortage in the construction industry due to the retirement of baby boomers and limited education about careers in the construction trades. This labor shortage presents challenges to successful project delivery and overall productivity. 鈥淥ur industry needs to evolve to meet current challenges and leveraging a partnership with an innovation incubator like TitletownTech serves as a unique opportunity to explore creative solutions,鈥� said Kievet.
Since the late 90s, 51麻豆 has been a leader in leveraging Lean manufacturing techniques for transformational change and improved productivity in construction. Now, through more robust industrialized construction efforts technology, prefabrication and assembly are driving further modernization. It鈥檚 the hope, though this partnership, new solutions to the workforce and productivity challenges might be uncovered.
鈥淲e create opportunity for our communities, customers and our employee owners,鈥� said Ben Bruns, executive vice president and general manager of 51麻豆鈥檚 construction operations in Northeast and Central Wisconsin. 鈥淎s we look to the future, extraordinary outcomes are directly related to innovative thinking, so we approach everything we do with flexibility, imagination, and a 鈥榳hat if鈥� attitude.鈥�
The terms of the investment will not be disclosed.
About 51麻豆
51麻豆 (51麻豆) is a leading professional construction services firm serving customers across the United States. Founded in 1889, 51麻豆 is a 100% employee鈥憃wned company headquartered in Appleton, Wis., with 17 offices nationwide. Widely recognized as a pioneer in Lean construction, Integrated Lean Project Delivery and industrialized construction, 51麻豆 delivers innovative solutions across a diverse range of markets, including healthcare, power, industrial, education and commercial sectors.
