FOR IMMEDIATE RELEASE                                                                                      April 24, 2017

United Renovations and Katerra Announce Merger

Carrollton, TX – United Renovations, the leader in multifamily renovations, and Katerra, a technology company redefining the construction industry, today announced a merger between the two companies. The partnership with Katerra will allow United Renovations to serve the multifamily renovation industry more efficiently.

“We have been searching for a means of strengthening our efforts to support multifamily property owners and investors, and we see Katerra as the perfect fit,” said Steven Bolos, founder and president of United Renovations. “Katerra appreciates our culture and the relationships we’ve built as the leader in multifamily renovations nationwide, and we will be working to bring the best of both worlds together in the months ahead.”

United Renovations will integrate Katerra’s resources, logistics, and technology to deliver best-in-class service to its customers.

“For more than 15 years United Renovations has been a leader in the renovations business, and we’re thrilled to have such a great organization join the Katerra platform,” said Michael Marks, executive chairman and co-founder of Katerra. “Together we will continue to expand our renovations offering, delivering better quality at a lower cost for our customers.”

About United Renovations

Founded in 2001, United Renovations is the leader in multifamily renovations nationwide and has renovated almost 7,000 projects to date. The United Renovations team is actively involved in local communities and non-profits that share their core values. The team has been the recipient of the SMU Dallas 100, Dallas Business Journal Mid-Market 50, Greater Dallas Business Ethics Award, and other notable recognitions.  www.UnitedRenovations.com

About Katerra

Katerra is a technology company optimizing every aspect of building development, design, and construction. With leaders from the most groundbreaking technology, design, manufacturing, and construction companies, Katerra transforms how buildings and spaces come to life. Founded in 2015, Katerra has a growing number of domestic and international offices, factories, and building projects. www.katerra.com

Media Contacts

Robert Hunt, Director of Marketing, United Renovations
[email protected]

Robin Clewley, VP of Marketing & Communications, Katerra
[email protected]