MiTek Acquires Benson Industries
MiTek Industries, a Berkshire Hathaway company and supplier of advanced engineered structural connector systems, equipment, software and services for the building components industry, acquired Benson Industries LLC, according to a July 31 MiTek press release. Benson provides the design, pre-fabrication and installation of custom unitized curtain wall systems for high-end commercial, hotel, residential, governmental and institutional buildings worldwide.
“The acquisition of Benson extends MiTek’s product offering into the global high-rise commercial building construction market," said Tom Manenti, chairman and CEO of MiTek, in the release. "Benson is a terrific addition to the MiTek family.”
“We are delighted to be part of the MiTek and Berkshire Hathaway team,” said Lou Niles, CEO of Benson, in the release. “Their business philosophy and corporate culture are a perfect fit for Benson. With the strength and backing of MiTek and Berkshire, we plan to grow the company through a series of strategic initiatives.”
Lou Niles and Joe Aholt will continue to serve as CEO and COO of Benson, respectively; the remainder of the Benson management team will continue to lead the company. Benson will operate as a separate subsidiary of MiTek, according to the release.