One of the region’s hottest tech companies and a perennial Inc. 5000 honoree is expanding its footprint in the Cincinnati market with a new headquarters space in Blue Ash.
Stack Construction Technologies moved into a new 18,600-square-foot office on the third floor at Landings III, a Class A office building on Carver Road. The company recently inked a 3.5-year lease agreement with options to extend. The move was completed April 24.
Stack said the location will support its exponential growth and expansion. Stack, which now has a staff of 168, has added more than 100 employees, triple its headcount, since 2018, when it first moved to the Cincinnati suburb from Mason.
The new space measures roughly 67% larger than its previous home at nearby McAuley Place and includes multiple hangout and huddle spaces, conference rooms and more desk space.
Landings III is the only Wired certified gold building in Cincinnati, a designation that means it supports “best in class” internet infrastructure and superior internet connectively. The company also maintains its proximity to Summit Park, which offers numerous amenities.
“Our move to the Landings will propel Stack’s next stage,” Phil Ogilby, CEO and co-founder, said in a release. “We are excited to have our explosive expansion and ability to attract and retain top talent continue to be supported here for the foreseeable future.”
Ogilby, a former residential and commercial roofing contractor, founded the company, formally known as Cloud Takeoff, in 2008 after leaving his first startup, iSqFt, now known as ConstructConnect.
Stack is a SaaS, or software-as-a-service provider, that caters largely to subcontractor community. Its cloud-based preconstruction software initially allowed for blueprint measuring and takeoff, the process of determining how much of each material is needed to complete a job. It has since expanded into cost estimating and more, providing a centralized hub where plans, specs and other construction documents can be stored, evaluated, measured and shared anywhere and from any device.
The company has raised $24 million in total funding, including a $17 million round last year led by Level Equity, a New York and San Francisco-based private investment firm.
It’s ranked on the Inc. 5000 six consecutive years and is a repeat Business Courier Fast 55 honoree. It was also a finalist for Cincy Inno’s flagship “Fire Award” for best tech in 2022.
In addition to its increase in headcount, the company has also increased revenue by 283% since 2018 and has acquired three construction technology companies since 2021: Bid Retriever, K-Ops and SmartUse Solutions.
Chris Vollmer Jr. with CBRE represented Stack Construction in the lease. Landings III is owned by VanTrust Real Estate.
