Katerra Buys 2 Large Multifamily General Contractors
Originally published by: GlobeNewswire — September 5, 2019
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UEB Builders, a general contractor specializing in commercial and residential projects, and Fortune-Johnson (F-J) General Contractors, a construction company specializing primarily in multifamily residential projects, have been acquired by Katerra, a technology company redefining the construction industry. UEB and F-J will leverage Katerra’s technologies and supply chain to deliver increased value to their clients, and both firms will become known as Katerra.
“We are staying true to the vision we have held from the very start.” said Michael Hurst, principal of UEB Builders. “Katerra reflects what we both believe in – a shared desire to find a better way to build for our partners and their communities.”
“For more than 25 years, Fortune-Johnson has strived to be the premier contractor for multifamily projects in the Southeast and Mid-Atlantic,” said Brett Fortune, CEO of F-J General Contractors. “Our goal was always to build something better than the competition, and then to standardize it. Joining Katerra allows us to continue to do that, but at scale.”
Through these partnerships, Katerra will gain further construction expertise that will allow the company to expand its geographical footprint across the United States.
“Both companies share Katerra’s commitment to delivering increased value to customers by embracing technology and innovative methods,” said Michael Marks, CEO and co-founder of Katerra. “The expertise and fresh thinking brought by both UEB and Fortune-Johnson will play a key role in realizing our vision to transform the building industry in the United States.”