KBS Builders News

KBS Builders Wins Two Large Multifamily Construction Projects in Maine

South Paris, Maine, March 10, 2025

KBS Builders, Inc., the leading modular manufacturer in New England, announced it has signed two large commercial contracts to manufacture housing units in Maine.

Mixed-income multifamily housing: $3.1 million contract to manufacture 32 modules for the construction of 20 mixed-income housing units in Portland, Maine. This project, which was initially planned to be built on-site using traditional methods, was later converted into a modular project to fit the developer’s budget. Manufacturing is expected to begin in the second quarter of 2025, with deliveries commencing in the third quarter of 2025.

Multifamily townhouses: $2.1 million contract to manufacture 28 modules for the construction of townhouses comprised of 14 housing units in Bowdoinham, Maine. KBS was selected for this project due to its ability to perform high-quality commercial projects on an accelerated timeline as compared to on-site builders. Manufacturing of these modules is expected to begin in the third quarter of 2025 with deliveries to be completed before the end of the third quarter of 2025.

Thatcher Butcher, President of KBS, noted, “We are thrilled to continue to win large commercial projects to build affordable, multifamily housing for our community in Maine. Our expertise in both design and craftsmanship, coupled with our ability to tailor our builds to meet the client’s budget, timeline, and quality expectations, continue to set us apart not only from on-site builders but also from other modular manufacturers. We are proud of our track record and improving recognition in the marketplace.”

Parent Company Star Equity shares contract signing’s financial impact.