Kodiak expands in Denver
Direct Lumber and Door offers lumber, trusses, millwork, and hardware.
Kodiak Building Partners has purchased all of the operating assets of Direct Lumber and Door in a deal that closed Sept. 6.
Located in the Denver, Colo. market, Direct Lumber and Door offers lumber, trusses, millwork, and hardware. They will soon add a panel plant to the mix, Kodiak said.
Direct Lumber and Door was founded in 2000 by Russ Brown as Multi-Family Building Products. After Tom Kostelecky joined the company in 2012, its name was changed to Direct Lumber and Door.
According to Kodiak, Brown will retire and Kostelecky will continue to lead Direct Lumber and Door as its president. Kostelecky will also join the ownership ranks of Kodiak. Additional terms of the acquisition were not disclosed.
“Kodiak’s culture and operating model fit so well with who we are at Direct Lumber and Door,” Kostelecky said. “Because service has been the priority that has set us apart from our competitors, we give the credit to our family of employees. Kodiak puts employees first, and that will allow us to continue to successfully serve our market.”
Steve Swinney, Kodiak’s CEO, has enjoyed a friendship with Kostelecky for many years and was impressed by their growth and success at every turn, he said.
“What started as only a door operation but grew to include lumber, trusses, and windows, with a panel plant on the way, was an opportunity that Kodiak couldn’t ignore,” Swinney said. “The 190 employees at Direct Lumber and Door are a motivated and diligent crew that will be a great addition to our 2,023 employees, and the company will complement our other Denver-area companies and our entire corporation.”
Based in Littleton, Colo., Kodiak Building Partners operates in 71 facilities in Texas, Florida, Colorado, Arizona, Delaware, Massachusetts, Michigan, Wisconsin, Minnesota, and Maryland.
Prior to this acquisition, Kodiak operated Drywall Material Sales, Jones Heartz Building Supply, Specialty Appliance, and Barton Supply in the Denver market.
Danalock taps Petra for U.S. distribution
As momentum for smart home security builds, Danish manufacturer Danalock signed a contract with Petra Industries to distribute the Danalock portfolio of smart lock solutions in the U.S.
Danalock’s expansion into the Americas will serve rapidly increasing demand from popular retailers and e-commerce companies, as well as security companies, service providers, dealers, installers, and builders.
According to the recent Strategy Analytics report, “Smart Home Access Control: Predictions, Players, and Products,” sales of nearly 26 million units in 2023 will push the smart lock market size past $2.4 billion. Due to its higher percentage of single-family homes and greater interest in smart home automation and security services, the U.S. is by far the largest geographic market.
“We are excited to be the first U.S. distributor for Danalock and to bring its elegantly designed products to more families and businesses,” said Tate Morgan, president of Petra Industries. “Danalock works with all of our home automation products, complementing our SmartestHome portfolio and increasing the value we can offer to our customers.”
Petra will sell the full Danalock product portfolio, which includes the Danalock V3 smart lock, Danapad keypad, Danabridge hub, and Universal Module.
Danalock’s pitch includes the following:
- Easy installation, in just 5–10 minutes, as only the inside part of the lock is replaced;
- Elegant Danish design and much smaller size than other smart locks on the market;
- Stronger security (AES 256 encryption) than other smart locks;
- Approximately 18 months of battery life—much more than the average lock on the market; and
- Z-Wave, Zigbee, and HomeKit versions available, each including Bluetooth by default.
D.R. Horton honors MiTek with chairman award
MiTek is honored for providing building solutions on a national scale.
MiTek USA has been presented with the D.R. Horton 2018 Chairman’s Choice Award.
MiTek was selected for its work as a national partner of D.R. Horton’s, including increased efficiency and technology opportunities introduced to many D.R. Horton divisions; and for MiTek’s overall responsiveness.
The builder software and fastener provider was also cited for superior service while delivering product solutions on a national scale from MiTek’s expansive offering of Builder Products, which include hangers, shear walls, fasteners, and software solutions.
This 2018 Chairman’s Choice Award comes just three years after MiTek initially engaged D.R. Horton with its MiTek Builder Products line of hangers and fasteners.
D.R. Horton is the largest home builder in the United States. In calendar 2017, D.R. Horton closed more than 47,000 homes, with revenues of over $14 billion.
“MiTek has proven itself to be an exceptional trade partner,” said Brad Conlon, D.R. Horton’s vice president of National Accounts. “Not only do they offer top quality products and services, it’s their people that help set them apart.”
“D.R. Horton is widely known in the home building sector for its careful choices of top supply partners to work with to fuel their national operations,” said MiTek’s Trace Biles, director of national builders and supply chain. “We are honored that D.R. Horton has awarded MiTek this prestigious award, and we look forward to continuing to serve them with products and services that are truly second to none.”
MiTek is a Berkshire Hathaway company with operations in 40 countries.