The Minnesota Builders Exchange (MBEX) becomes the surviving entity after merger with the Duluth Builders Exchange (DBX).  As of the official merger date of November 1, 2019, all DBX members in good standing will be welcomed as new members of MBEX.

 

FOR IMMEDIATE RELEASE

Contact: Jill Gerwig

jills@mbex.org

 

Minnesota Builders Exchange and the Duluth Builders Exchange Merge

 

The region’s largest builders exchange, the Minnesota Builders Exchange (MBEX), has agreed to a merger with the Duluth Builders Exchange, with the Minnesota Builders Exchange as the surviving entity. Former members of the Duluth Builders Exchange will become vested members of the Minnesota Builders Exchange on the effective merger date of November 1, 2019. Operations will be combined at the Minneapolis office, located at 1123 Glenwood Avenue, Minneapolis MN, 55405. A satellite office is open at 2818 Piedmont Ave, Ste D in Duluth.

 

The Minnesota Builders Exchange, a 130-year-old organization with over 1,200 members, and the Duluth Builders Exchange, a 117-year-old organization with 300 members, merge to represent thousands of contractors, subcontractors, material suppliers and construction industry representatives. This merger represents MBEX’s ongoing investment into the overall success of the construction industry.

 

In July 2018, leaders of the two organizations appointed a task force to perform due diligence on the legal and financial issues governing a merger between the two non-profits. The process of the merger was guided by legal counsel, the merger task force, the staff and board of directors of both organizations. In March 2019, both boards approved the merger, followed by an acceptance vote of both memberships that following May.

 

“The merger signifies one unified MBEX, an organization that truly embraces technology, with one voice and one mission to support the construction industry,” stated Beth Nde, MBEX 2019 Board President.

 

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MBEX works tirelessly to encourage strong partnerships with area design firms and public agencies, operates a state-of-the-art virtual and physical plan room and provides membership services and networking activities for its members.

 

 

Jill Gerwig

Minnesota Builders Exchange

Editor/Membership/Marketing

www.mbex.org

1123 Glenwood Ave • Mpls, MN • 55405

612-381-2631 (direct) • 612-381-2621 (fax)