Benson Industries

Situation

Benson Industries, LLC headquartered in Portland, Oregon, is one of the world’s premier providers of custom curtainwall systems and exterior cladding used in the construction of high-end commercial, hotel, residential, governmental and institutional buildings.

Benson has successfully completed signature projects in countries across the globe, including Argentina, China, Dubai, Hong Kong, Japan, Korea, Malaysia, the Philippines, Singapore, Spain, and Taiwan

Solution

The Company engaged Amherst Partners to lead a sale process that would maximize value and identify a partner with the capital and managerial resources to pursue available growth opportunities while simultaneously preserving the culture and philosophy the Benson management team has worked hard to cultivate.

Results

Amherst approached an extremely select group of strategic buyers. The Company ultimately completed a transaction with MiTek Industries, Inc. (“MiTek”).

MiTek, headquartered in Chesterfield, Missouri, is a leading supplier of advanced engineered structural connector systems, equipment, software and services for the building components industry and has been a subsidiary of Berkshire Hathaway since 2001.

The acquisition broadens MiTek’s product offering and provides it with access to the global high-rise commercial building construction market.

Berkshire Hathaway, led by investor Warren Buffett, is a holding company whose subsidiaries include a variety of premier industrial companies such as Burlington Northern Santa Fe Railroad, The Lubrizol Corporation and The Marmon Group, among more than 50 others.

Current Benson executives will continue to steward the growth of the Company as integral members of the new management team.