[April 22, 2015]

MiTek Acquires BuilderMT

MiTek Industries, Inc. ("MiTek (News - Alert)"), a diversified, global business supplying a wide range of engineered products; proprietary business management and design software; and automated equipment sold into the broad construction and industrial end markets announced today that it has acquired BuilderMT, headquartered in Denver, Colorado. BuilderMT is a leader in providing industry-specific workflow process management software to the residential home building market, serving both single family and multi-family builders.

"The acquisition of BuilderMT brings extended breadth to MiTek's offering of operations workflow solutions for residential production builders," stated Tom Manenti, Chairman and CEO of MiTek. "MiTek's previous acquisitions of Simpad and Kova established a firm, technological foundation for its SAPPHIRE Build software suite for production builders, especially those with a large enterprise-driven environment. Expanding on the SAPPHIRE Build software suite, BuilderMT's unique configuration and established customer base allows an even wider range of production builders to leverage MiTek's software solutions and resources for unparalleled process efficiencies and accuracy."

"We are delighted to have Tom Gebes and his leadership team continue leading and growing the BuilderMT business," Manenti commented.

Tom Gebes, President of BuilderMT added, "We are thrilled to become part of the MiTek and Berkshire Hathaway family. MiTek's vision of providing unsurpassed, value-added technology to the global residential construction industry, along with its values-based approach to leadership, make this union a perfect fit for BuilderMT and all its employees."

About BuilderMT

BuilderMT, founded in 2001, provides mission-critical workflow process management software that enables a production builder to manage its complex business operations. BuilderMT's software offers multiple, tightly integrated modules, each one focused on a specific workflow activity, such as estimating, purchasing, and scheduling. Learn more: www.BuilderMT.com.

About MiTek

MiTek is a diversified global supplier of software, engineered products, services, and equipment to the residential, commercial, and industrial, construction sectors. MiTek Industries' passion for its associates' well-being and its customers' success is the company's hallmark. A Berkshire Hathaway company (NYSE: brk-a, NYSE: brk-b) since 2001, MiTek has operations in more than 40 countries on six continents. Learn more: www.MiTek-us.com and www.MII.com.

[ Back To TMCnet.com's Homepage ]