BOSTON, Aug. 25, 2010 (GLOBE NEWSWIRE) -- Basement Technologies, Inc. (www.basementtechnologies.com), a leader in products, systems and services for the basement waterproofing industry, today announced Kent Companies, Inc. has signed an exclusive Licensed Dealer agreement to join the Company's fast-growing National Basement Waterproofing Network.
Kent Companies, Inc., (www.kentcompanies.com) headquartered in Grand Rapids, Michigan, is a 53-year old, third generation, family-owned business specializing in all aspects of concrete construction. The $70 million-a-year Company has built a strong reputation as "Leaders in Concrete" and in July 2010, Concrete Construction Magazine ranked it as the 19th largest commercial concrete contractor in the United States (by volume) in its annual Top 100 issue.
The new Kent Basement Solutions Division, operating under the direction of Thomas Borrego, will complement Kent's existing slab raising and foundation stabilization businesses – Kent Concrete Raising and Kent Foundation Systems – and will offer Basement Technologies' full-service basement waterproofing for all of Western Michigan from its offices in Grand Rapids and Redford, Michigan as well as regions throughout the Southern tier states via offices in Dallas, Texas, Bentonville, Arkansas and Charlotte, North Carolina.
Many concrete issues are due to water problems and, prior to this alliance, Kent referred waterproofing and water remediation to outside contractors. Now the company will directly participate in today's burgeoning $7 billion annual waterproofing market.
"We partnered with Basement Technologies to fill a gap in the services that Kent offers to repair foundations and other concrete structures," states owner and CEO, Jeff VanderLaan. "We carefully analyzed the marketplace and chose to partner with Basement Technologies due to their superior, cutting-edge products and top-notch dealer support."
Today, Basement Technologies is the largest basement waterproofing company in New England and commands the fastest growing Basement Waterproofing Dealer Network in the world. It selectively awards exclusive territories to highly qualified contractors throughout the U.S., Canada and Europe, and currently has over 100 exclusive Licensed Dealers Worldwide.
"Each Basement Technology Dealer receives full ongoing support, including extensive education at our International Training Center in Boston, state-of-the-art marketing and exclusive access to all of our proprietary products and services," notes Dealer Development Manager, Diana Cleary. "On average, our dealers make over 70 percent gross profits... with as high as 40 percent net on jobs that often only take one day."
Basement Technologies is renowned for revolutionizing the industry, as well. "The products currently used by our dealers have been carefully developed, tested and perfected through the years," notes James Pratt, CEO and Founder of Basement Technologies. "Over the last 26 years, we have conceived, developed, trademarked and patented our innovative ideas and technologies... and today, the application of our patented products is steadily changing the way homes are waterproofed."
"We are proud to welcome Kent Companies and Kent Basement Solutions," he adds, "as the 106th Licensed Dealer in our National Basement Waterproofing Network."
About Basement Technologies Inc.
Formed in 1984 by founder and CEO, James Pratt, Basement Technologies is today recognized as the leader in developing and offering some of the most creative and efficient products, services and systems for the waterproofing industry. This includes 10 Federal patents, with another seven pending, and 26 registered trademarks. From its world headquarters in Boston, Massachusetts – staffed by over 300 employees – the company currently operates a rapidly growing International Dealer Network with more than 100 exclusive Licensed Dealers operating throughout the United States, Canada and Europe. Over the last 26 years, Basement Technologies has installed proprietary products and systems in more than 325,000 homes in Massachusetts alone and over one million homes nationwide. For more information visit www.basementtechnologies.com or call 1-877-627-2957.
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