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MERGERS AND ACQUISITIONS
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MC Endeavors acquires Seismic Foundation Control

The Monarch Beach-based company will gain new quake-resistant technology in the deal.

BY BRANDON RUSSELLPublished: May 12, 2011 10:44 AM

Image by dinostock – Fotolia
MC Endeavors, a Monarch Beach-based smart-homebuilder and sustainable community developer, has acquired Seismic Foundation Control Inc. – or SFC – of Edmonds, Wash.

The acquisition comes at a pivotal time; in March, MC Endeavor’s Lamisteel subsidiary unveiled a new earthquake-resistant building system for single- and multi-family residences, and small- to medium-size commercial buildings. MC Endeavor can now incorporate the technology gained through this acquisition – namely Seismic’s Quake Guard Base Isolator – into the design of its Lamisteel structures to “dampen” earthquake vibrations.

“The merger-acquisition of SFC into MCE is an excellent marriage,” said Seismic Foundation Control President John Armstrong. “An MCE Lamisteel building and its interior contents supported by these units will experience even more reduced shaking and damage in the event of an earthquake. These foundations are superior to any other foundation for use on compressive or expansive soils such as adobe, clay or bay mud, which create stress and movement in traditional concrete footings and foundations. The shaker-table testing that simulated the Sylmar and El Centro earthquakes of a two-story 15-foot-by-10-foot building was shown to have no ill effects.”

The Green Economy Post estimates the new technology will grow to become a $10 billion to $15 billion business by 2015.

“These economically constructed base isolators will play a key role in the foundation engineering for the reconstruction efforts to rebuild cities and communities within the earthquake ravaged countries of Haiti, Chile, New Zealand, China and Japan,” said MC Endeavors CEO Tim Algier. “The estimate to rebuild these countries now tops $600 billion, and they require new technologies that are both economical and time-sensitive.”

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