Katerra, the Menlo Park. Calif.-based technology company that specializes in prefabricated construction services, is expanding that portfolio through its acquisition of UEB Builders and Fortune-Johnson General Contractors (F-J).
UEB is a GC that specializes in commercial and residential projects such as multifamily, student housing, mixed use, and institutional. UEB can now tap into Katerra’s sales network that includes 11 offices in the U.S. (three of which are in Arizona) and one in Guadalajara, Mexico.
“Katerra reflects what we both believe in,” says Michael Hurst, a Principal at UEB Builders. “A shared desire to find a better way to build for our partners and their communities.” Prior to this merger, UEB had worked with Katerra on a number of projects, including Union South Bay, a 357-unit midrise apartment development under-construction in Carson, Calif.
F-J, founded in 1991, focuses primarily on multifamily construction, but also engages a variety of building types including high-density mixed-use communities, garden-style apartments, senior living, and student housing.
F-J was awarded the 2018 Multi-Family Builder of the Year by the National Association of Home Builders.
Katerra did not disclose the terms of these acquisitions, nor provide specifics about how the businesses would be integrated into its operations, expect to note that through these partnerships, Katerra would 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,” says Michael Marks, CEO and co-founder of Katerra.
And given that Katerra owns four architecture firms, it can now present itself to clients as a full-service provider of manufacturing, design, engineering, and construction.
Katerra is focused on speed-to-market construction through such tools as digital technology, offsite manufacturing, and fully integrated building teams. For example, a garden-style multifamily building might take 140 days to complete via conventional construction. In Las Vegas, Katerra initiated K90, an R&D project where it built a 24-unit garden apartment in 90 days, from framing to delivery, leaning heavily on modular and prefabrication for such repetitive areas as bathrooms.
To see a video about K90, click here.
UEB and F-J fall under the oversight of Paal Kibsgaard, who last month joined Katerra as its COO, a new position for the company. Kibsgaard had been chairman and CEO of Schlumberger Ltd., an oilfield services company. He has also served on Katerra’s board for three year.
Kibsgaard is now responsible for Katerra’s U.S. operations, including architecture, engineering, manufacturing, and construction. Kibsgaard is also responsible for international expansion, and the development of new construction technologies.
Related Stories
| Mar 21, 2012
ABI remains positive for fourth straight month
Highest spike in inquiries for new projects since 2007.
| Mar 21, 2012
Iowa’s Mercy Medical Center’s new Emergency Department constructed using Lean design
New Emergency Department features a "racetrack" design with a central nurses' station encircled by 19 private patient examination rooms and 2 trauma treatment rooms.
| Mar 21, 2012
Clary, Hendrickson named regional directors for HDR Architecture
New directors will be responsible for expanding and strengthening the firm throughout the central region.
| Mar 20, 2012
FMI releases 2012 first quarter construction outlook
The last time construction put in place was at this level was 2000-2001.
| Mar 20, 2012
Ceco Building Systems names Romans marketing director
Romans joins Ceco Building Systems with over 15 years in marketing and customer service.
| Mar 20, 2012
UT Arlington launches David Dillon Center for Texas Architecture
Symposium about Texas architecture planned for April.
| Mar 20, 2012
Stanford’s Knight Management Center Awarded LEED Platinum
The 360,000-sf facility underscores what is taught in many of the school’s electives such as Environmental Entrepreneurship and Environmental Science for Managers and Policy Makers, as well as in core classes covering sustainability across the functions of business.
| Mar 20, 2012
New office designs at San Diego’s Sunroad Corporate Center
Traditional office space being transformed into a modern work environment, complete with private offices, high-tech conference rooms, a break room, and an art gallery, as well as standard facilities and amenities.
| Mar 19, 2012
Obama’s positioned to out-regulate Bush in second term
Proposed ozone rule would cost $19 billion to $90 billion in 2020, according to the White House.
| Mar 19, 2012
Skanska promotes Saunders to VP/GM of Bayshore Concrete Products
During his more than 13 years with Bayshore, Saunders has provided products for Victory Bridge in New Jersey, Route 52 Causeway in Ocean City, N.J., and for numerous piers at Naval Station Norfolk and the Norfolk Naval Shipyard.
