Quality Built Acquired
MAR 23, 2010 09:45 CET
Two award-winning engineering entrepreneurs, Gary H. Elzweig and Brian C. Kramer, team up to acquire substantially all of the assets of Quality Built™, pursuant to section 363 of the US bankruptcy code. Quality Built is a 16-year-old professional construction service leader and is best known for its work in total quality management. The company provides third-party quality assurance services as well as a full spectrum of risk management solutions via consultation services, data collection tools, reporting, and support services on high-quality residential and commercial construction projects nationwide.
Gary H. Elzweig, P.E., S.E.C.B. was the founder and CEO of Peico Engineering and Capri Engineering as well as CEO of US Laboratories, with 30+ years of experience in the fields of engineering, design, and construction. In 2006 Mr. Elzweig was named “Emerging Entrepreneur of the Year” for the state of Florida by Ernst & Young. The Ernst & Young Entrepreneur of the Year (EOY) annual award honors entrepreneurs whose ingenuity, hard work, and perseverance have created and sustained successful, growing business ventures. Brian C. Kramer, R.C.E., G.E. was the founder and president of Testing Engineers of LA and is the current president of Twining Laboratories founded in 1898. Kramer possesses over fifteen years of technical and managerial experience in critical design and construction projects. His technical background is complemented by his m.B.A. From the University of California, Irvine.
“This acquisition is an opportunity to strengthen our core services and expand into new markets and, combined with our current talents and proprietary systems, will distinguish us even further in the construction industry,” says president Elizabeth (Beth) R. Michaelis. Beth Michaelis and Stan Luhr the founders of Quality Built will remain on with the newly restructured firm as president and CTO, respectively. "Elzweig will serve as the chairman while Kramer will serve as its CEO," Michaelis says. Michaelis adds, “the acquisition is an extraordinary partnership and a unique opportunity to create more innovative risk management solutions for the construction industry. Mr. Elzweig’s experience and visionary leadership coupled with Mr. Kramer’s strategic plan for integrating resources for operational efficiency positions Quality Built to renew its place as the industry leader in third-party quality assurance for the residential and commercial construction industry. “Our goal is to create more cost-effective risk management solutions for the construction industry utilizing Quality Built's comprehensive ISO 9001:2008 registered quality management systems, as with our newest and most innovative product, QB Builder link®. The QB builder link® is a powerful quality assurance data collection and reporting software solution via an interactive database system that allows builders to take control of their quality assurance efforts at a fraction of the cost while still having the benefit of independent third party oversight. As the industry makes a comeback, this type of product will make a lot of sense to builders, lenders, distressed debt turnaround specialists, and others," says Elzweig. Kramer adds, “Quality Built provides a tremendous platform for Gary Elzweig and me to establish the leading quality assurance company nationwide in the home building and vertical construction industry. Through the talent of Stan Luhr, Beth Michaelis, and the other key personnel we are excited about the opportunity to leverage their patented iso 9001:2008 registered quality management systems software and technology in order to provide the highest level of value to our clients."