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MiTek Inc. acquires TMI

TMI, the industry leader in manufacturing and installing highly customized air handling systems sold to the commercial, institutional and industrial markets, announced today its acquisition by MiTek Inc. The transaction also includes TMI’s sister company, Miller-Sage, which provides mechanical contracting and installation for these and other systems.

MiTek, the world’s leading supplier of state-of-the-art engineered connector products, equipment, software and services for the building components industry, is a subsidiary of Warren Buffett’s Berkshire Hathaway, Inc.

“We are thrilled to be part of the MiTek and Berkshire Hathaway team. The combination of TMI and MiTek will allow us to provide even stronger service to our customers, accelerate our geographic growth, and expand through strategic acquisitions. Furthermore, MiTek will support the company’s future manufacturing expansion plans needed to meet the increasing demand for TMI’s air handling products and services,” stated Tom Miller, CEO of TMI.

“TMI is a terrific fit and an outstanding addition to the MiTek family,” stated Gene Toombs, chairman and CEO of MiTek. “All Miller family members as well as all existing TMI associates will stay with the company. Tom Miller will continue to serve as CEO of TMI, while Matt Miller and Chad Miller will remain as the presidents of TMI and MSI, respectively. The company will operate as a separate subsidiary of MiTek,” Toombs stated.

TMI, founded in 1982, is based in Holly, Mich. Since its inception, TMI has been known for its product innovation, outstanding customer service and excellence in design, manufacturing and systems performance. It specializes in highly customized air handling systems requiring extremely tight tolerances, sold into facilities and plants with a wide range of complexity.

MiTek, with operations on five continents, serves customers in more than 90 countries. In July 2001, MiTek became a subsidiary of Berkshire Hathaway Inc. More information on MiTek can be found at www.mii.com and on Berkshire Hathaway at www.berkshirehathaway.com.

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