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Hensel Phelps’s Introduces Diverge for Construction Technology Investments

Hensel Phelps recently launched, Diverge, an investment firm focusing on construction technology and innovation. Diverge will directly source, evaluate, invest and deploy new construction innovations in collaboration with technology startups and innovation partners.

The advancements in ConTech, construction building methods and technologies can potentially transform the building process. Small startups are constantly driving innovation, simplifying complex processes by building systems that improve communication and efficiency in construction. Hensel Phelps will interact with these technology companies and help develop new solutions through the Diverge platform.

"Over the past decade, we have seen continual advancement in prefabrication, robotics, drones, and many other technology platforms that are having a profound impact on how we deliver projects. Diverge provides Hensel Phelps a structured approach to evaluate and implement innovation in our business," commented Brad Jeanneret, Executive Vice President. "We are investing in the future of our industry," he further added.

(Source: PR Newswire)

Hensel Phelps aims to positively influence construction technology by assisting startups in their early stages of product development. In addition, technology firms collaborating with Hensel Phelps will also benefit by utilizing the breadth of Hensel Phelps' business, having their products tested in real-world scenarios and assessed by their target audience—the construction professionals.

The construction industry is experiencing significant digital disruption with prefabricated solutions, robotics integration, and numerous other innovative solutions, however, the $1.6 trillion construction industry in the United States is the second least digitized of all.

Diverge's team and partners are dedicated to discovering and evaluating solutions that will upgrade how the industry plans and manages construction. Diverge is accepting new evaluation submissions and encourages construction innovators to pitch their industry-changing ideas.

About Hensel Phelps

With headquarters in Greeley (Colorado), Hensel Phelps provides construction, development, and facility services. Founded in 1937, Hensel Phelps plans, builds and manages a wide range of domestic and international project types, including aviation and transportation, government, healthcare, lab and research, multi-residence, commercial office, and more.

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