BERKELEY, Calif. and SAN MATEO, Calif., Oct. 29 /PRNewswire/ -- Navitas Capital and Webcor Builders today announced a strategic relationship for future collaboration in driving sustainability in the built environment.

"Webcor's leadership in and commitment to green construction makes them an extremely valuable partner. As the largest general contractor in California and a strong leader in sustainable construction, Webcor is a driving force in the adoption of green building practices nationwide," said Navitas Managing Partner James Pettit.

Under the agreement, Webcor will assist Navitas in identifying, evaluating and incubating innovative building materials and advanced technologies focused on green building practices. When appropriate, Navitas will provide venture capital and strategic assistance to green building companies with a significant process or technology innovation.

"Webcor is committed to building projects of superior quality and value. We share with Navitas the common goal of accelerating new, high-performance methods of construction through continuous innovation. We look forward to a successful long-term relationship with Navitas," said Andy Ball, President/CEO of Webcor.

As a part of the agreement, Webcor's Phil Williams will be joining Navitas Capital's Advisory Board. Williams heads both Webcor's Sustainability and Systems Engineering groups as a Vice President and is the Chairman of San Francisco Mayor's Green Building Task Force. With an extensive background in sustainable building, Williams is a licensed Professional Mechanical Engineer in California, a LEED Accredited Professional and is an active member of the US Green Building Council (USGBC), Center for the Built Environment (CBE), Sustainable Silicon Valley (SSV), and Business Council on Climate Change (BC3).

"We are well past the tipping point at Webcor with respect to 'going green.' Sustainability has become a fundamental and integral part of our philosophy at Webcor -- with LEED certified construction representing over 75% of our current project revenues," said Phil Williams. "I look forward to collaborating with Navitas Capital on identifying and advocating break-through green technologies and driving sustainability in the built environment."

About Webcor Builders

Webcor Builders is currently ranked by volume as the largest contractor in California. More than 35 years of working for such clients as Lucasfilm, California Academy of Sciences, eBay, Oracle Corporation, Symantec and Starwood Lodging has secured its position as a builder for corporate campuses and high-profile, large-scale projects. Through the years, Webcor has become known for its innovative and efficient approach to construction, wide range of experience, skill in concrete construction and expertise in the use of technology. Webcor takes an active role in its projects by providing both cost-effective solutions during the preconstruction period and leadership during the construction phase, ensuring that its clients receive the high level of quality and service they expect. Webcor was recently named by ENR as the #2 Green Contractor in the nation and currently has more than $3 billion of contracts in place. For more information, visit http://www.webcor.com.

About Navitas Capital

Navitas Capital is an early-stage venture capital firm within the cleantech sector. Navitas Capital's investment focus is unique among VCs -- dedicated to working with companies that are developing sustainable green building materials and innovative technologies for the built environment. Founded in 2008, Navitas has been one of the early and driving forces behind several of the leading green building companies. Navitas Capital is based in Berkeley, California. For more information, visit http://www.navitascap.com.

SOURCE Navitas Capital