Monday, October 20, 2014

Future Home Technologies Acquired by IBS

Innovative Building Systems, parent company of Excel Homes, Mod-U-Kraf Homes, All-American Homes, Keiser Homes and IDBS, announced today that it has entered into an agreement to acquire certain assets and liabilities of Future Home Technology, Inc., of Port Jervis, NY. Future Home Technology is a modular manufacturer of moderately priced to luxurious single family custom homes and commercial multi-family buildings.

Steve Scheinkman, IBS CEO, said “We have a strong national footprint with five facilities across the U.S. offering the leading brands in the custom modular home business. The addition of Future Homes expands our presence on the East Coast allowing us to serve Future’s loyal and growing builder base and provide opportunities to support our other plants and product lines.

Fotis Boliakis, CEO of Future Home remarked that “Future’s strong reputation for a high quality product, as well as our strong presence in the NY metropolitan area is a strategic fit and an accretive addition to IBS’ facilities. We are all very excited to join such a great organization with a very promising future.”

The deal is expected to close in November. Terms of the acquisition were not disclosed.

About Innovative Building Systems

Innovative Building Systems (IBS) is the leading custom modular home producer in the U.S., operating factories in Maine, Pennsylvania, Virginia, Indiana, and Iowa. It markets its single family homes under the following brand names: Excel Homes, All American Homes, Mod-u-kraf Homes, and Keiser Homes. It’s multi-family and commercial buildings are constructed at all five facilities under the brand Innovative Design and Building Services (IDBS).

About Future Home Technology

Future Home Technology, Inc. provides Custom Modular Homes in New York, New Jersey, Pennsylvania, Connecticut, Vermont, Rhode Island, New Hampshire, and Massachusetts. Since 1986, they have been reinventing the future of home building using custom modular home construction techniques in their state of the art construction facility. They are proud of the 6,000 families plus who are enjoying their homes built by their company.


Roger said...

The strong just keeps getting bigger and bigger. IBS must have deep pockets and a big backlog and needs help producing their homes.

Anonymous said...

I had a Builder Breakfast with Scheinkman. He's not messing around.

george morgan said...

so...they started in 1986.. I was one of the original 7 hired to sell Future Homes and that was in 1990....whats with the 1986 ????