|Webcor Enters ‘Green’ Partnership|
By Lindsay Riddell
National Green News
October 30, 2008
Webcor Builders and venture capital firm Navitas Capital have formed a strategic
partnership around green building materials and building technology.
Navitas is a newly formed venture capital firm in Berkeley focused exclusively
environmentally friendly building products such as highly efficient windows and
drywall that is made of recycled materials.
Webcor Builders, based in San Mateo, is the largest contractor in California and
includes Lucas Films the Academy of Sciences, eBay (NASDAQ: EBAY), and Oracle
(NASDAQ: ORCL) among its clients.
Under the agreement, Webcor will help Navitas identify potential investments in
the green building space and Webcor’s Phil Williams will join Navitas’ advisory
board. Williams is vice president of the sustainability and systems engineering
group at Webcor.
Navitas wanted Webcor’s expertise in green building materials to better know if
companies they’re considering investing have potential.
So what does Webcor get out of it?
“From their standpoint, they’re looking to be at the front-end of innovative
materials they can spec into their projects,” said James Pettit, one of two
partners in Navitas. “That has business power and marketing power in today’s