{"id":1020399,"date":"2026-11-12T10:23:31","date_gmt":"2026-11-12T15:23:31","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/kbs-builders-wins-2-million-contract-for-workforce-housing-project-on-nantucket\/"},"modified":"2026-11-12T10:23:31","modified_gmt":"2026-11-12T15:23:31","slug":"kbs-builders-wins-2-million-contract-for-workforce-housing-project-on-nantucket","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/kbs-builders-wins-2-million-contract-for-workforce-housing-project-on-nantucket\/","title":{"rendered":"KBS Builders Wins $2 Million Contract for Workforce Housing Project on Nantucket"},"content":{"rendered":"
\n

OLD GREENWICH, Conn., Nov. 12, 2026 (GLOBE NEWSWIRE) — Star Equity Holdings, Inc. (Nasdaq: STRR; STRRP) (\u201cStar\u201d or the \u201cCompany\u201d), a diversified holding company, announced today that its wholly owned subsidiary, KBS Builders, Inc. (\u201cKBS\u201d), has signed an approximately $2 million contract to manufacture a workforce housing project on Nantucket, Massachusetts.<\/p>\n

The contract covers the manufacture of 12 modules to provide approximately 8,000 square feet of workforce housing. The two-story building is designed with a 140-mph wind rating and additional features to enhance safety in Nantucket’s coastal weather environment. Production has already commenced and delivery is projected before year end 2026. Workforce housing and assisted living now represent a growing share of the Building Solutions division\u2019s backlog.<\/p>\n

Jeff Eberwein, CEO of Star, noted, \u201cWe are proud to win another workforce housing contract on Nantucket, reinforcing our strong market presence in the region as well as the continued confidence our customers place in KBS\u2019s modular solutions. Winning repeat business on Nantucket is the clearest evidence that KBS delivers on schedule and on budget in one of the most logistically demanding markets in New England, and these awards improve factory utilization and the earnings power of our Building Solutions division.\u201d<\/p>\n

Thatcher Butcher, President of KBS, added, \u201cThis award highlights KBS’s ability to take on a logistically challenging island project and deliver it with certainty, speed, and quality. Building in a controlled factory environment removes weather risk from the critical path and compresses the on-site schedule \u2013 advantages that are magnified on an island where every material and trade must be delivered by water. We are proud of this project and look forward to continuing to partner with the Nantucket community to deliver more high-quality housing to the island.\u201d<\/p>\n

KBS Builders has established itself as a leader in modular construction, providing customized solutions for multifamily, workforce housing, student housing, and hospitality sectors. By combining precision manufacturing with streamlined logistics and installation processes, KBS enables developers to accelerate project timelines while maintaining consistent quality and cost control.<\/p>\n

\n About Star Equity Holdings, Inc. <\/strong>
\n
Star Equity Holdings, Inc. is a diversified holding company that seeks to build long-term shareholder value by acquiring, managing, and growing businesses with strong fundamentals and market opportunities. Its current structure comprises four divisions: Building Solutions, Business Services, Energy Services, and Investments. For more information visit www.starequity.com<\/a>.<\/p>\n

\n Building Solutions<\/strong>
\n
The Building Solutions division operates in three specialties: (i) modular building manufacturing; (ii) structural wall panel and wood foundation manufacturing, including building supply distribution operations; and (iii) glue-laminated timber (glulam) column, beam, and truss manufacturing.<\/p>\n

\n Business Services<\/strong>
\n
The Business Services division provides flexible and scalable recruitment solutions to a global clientele, servicing organizations at all levels, from entry-level positions to the C-suite. The division focuses on mid-market and enterprise organizations worldwide, partnering consultatively with talent acquisition, HR, and procurement leaders to build diverse, high-impact teams and drive business success.<\/p>\n

\n Energy Services<\/strong>
\n
The Energy Services division engages in the rental, sale, and repair of downhole tools used in the oil and gas, geothermal, mining, and water-well industries.<\/p>\n

\n Investments<\/strong>
\n
The Investments division manages and finances the Company\u2019s real estate assets as well as its investment positions in private and public companies.<\/p>\n

\n
\n Forward-Looking Statements<\/u>
\n <\/strong>\n <\/p>\n

This press release contains statements that the Company believes to be \u201cforward-looking statements\u201d within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact included in this press release, including statements regarding the Company\u2019s future financial condition, results of operations, business operations and business prospects, are forward-looking statements. Words such as \u201canticipate,\u201d \u201cestimate,\u201d \u201cexpect,\u201d \u201cproject,\u201d \u201cintend,\u201d \u201cplan,\u201d \u201cpredict,\u201d \u201cbelieve,\u201d and similar words, expressions, and variations of these words and expressions are intended to identify forward-looking statements. All forward-looking statements are subject to important factors, risks, uncertainties, and assumptions, including industry and economic conditions that could cause actual results to differ materially from those described in the forward-looking statements. Such factors, risks, uncertainties, and assumptions include, but are not limited to, (1) global economic fluctuations, (2) changes in the cost and availability of commodities, materials, and equipment, (3) risks related to providing uninterrupted service to clients, (4) the ability of clients to terminate their relationship with the Company at any time, (5) risks associated with real estate ownership, (6) the Company\u2019s ability to successfully achieve its strategic initiatives, (7) risks related to fluctuations in the Company\u2019s operating results from quarter to quarter, (8) risks related to potential acquisitions or dispositions of businesses by the Company, (9) our profitability and growth being tied to the success of our operating businesses, (10) risks associated with our financial investments in other businesses, (11) our ability to improve existing products and services and develop, introduce, and market new products and services successfully, (12) the loss of or material reduction in our business with any of the Company\u2019s largest customers, (13) competition in the Company\u2019s markets, (14) risks related to potential decreases in demand for products, (15) our ability to maintain costs at an acceptable level, (16) the negative cash flows and operating losses that may recur in the future, (17) risks related to international operations, including foreign currency fluctuations, political events, trade wars, natural disasters or health crises, including the Russia-Ukraine war, and potential conflict in the Middle East, (18) risks relating to how future credit facilities may affect or restrict our operating flexibility, (19) our ability to generate or borrow sufficient cash to make payments on our indebtedness, (20) risks related to indebtedness, (21) risks associated with the Company\u2019s investment strategy, (22) the Company\u2019s dependence on key management personnel, (23) the Company\u2019s ability to attract and retain highly skilled professionals, management, and advisors, (24) the Company\u2019s ability to collect accounts receivable, (25) the Company\u2019s exposure to legal proceedings, investigations and disputes, and limits on related insurance coverage, (26) the Company\u2019s ability to utilize net operating loss carryforwards, (27) the potential for goodwill impairment, (28) volatility of the Company\u2019s stock price, (29) risks related to our historically low trading volume, (30) risks related to securities or industry analysts, (31) the Company\u2019s ability to declare dividends, (32) risks associated with failure to pay dividends on our Series A Preferred Stock, (33) our history of annual net losses, (34) risks related to our international operations, (35) risks related to compliance with federal and state laws, regulations, and other rules, (36) our exposure to employment-related claims, legal liability, and costs from clients, employees, and regulatory authorities, (37) risks related to the imposition of licensing or tax requirements or new regulations, (38) the effect of Anti-takeover provisions in our organizational documents, (39) the effect of the protective amendment contained in our Restated Certificate of Incorporation, (40) the impact of our stockholder rights plan, or \u201cpoison pill,\u201d on stockholder decision making, (41) risks related to our scaled disclosure requirements as a smaller reporting company, (42) the Company\u2019s heavy reliance on information systems and the impact of potentially losing or failing to develop technology, (43) the adverse impacts of cybersecurity threats and attacks, and (44) risks related to the use of new and evolving technologies, and (45) those risks set forth in \u201cRisk Factors in the Company\u2019s Annual Report on Form 10-K for the year ended December 31, 2025.\u201d The foregoing list should not be construed to be exhaustive. Actual results could differ materially from the forward-looking statements contained in this press release. In view of these uncertainties, you should not place undue reliance on any forward-looking statements, which are based on our current expectations. These forward-looking statements speak only as of the date of this press release. The Company assumes no obligation, and expressly disclaims any obligation, to update any forward-looking statements, whether as a result of new information, future events or otherwise.<\/p>\n

\n For more information contact:<\/strong>
\n
\n The Equity Group<\/strong>
\n
Lena Cati
Senior Vice President
212-836-9611
lena.cati@theequitygroup.com<\/a><\/p>\n

\"\"
\n
\n \"\"\n <\/div>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

OLD GREENWICH, Conn., Nov. 12, 2026 (GLOBE NEWSWIRE) — Star Equity Holdings, Inc. (Nasdaq: STRR; STRRP) (\u201cStar\u201d or the \u201cCompany\u201d), a diversified holding company, announced today that its wholly owned subsidiary, KBS Builders, Inc. (\u201cKBS\u201d), has signed an approximately $2 million contract to manufacture a workforce housing project on Nantucket, Massachusetts. The contract covers the manufacture of 12 modules to provide approximately 8,000 square feet of workforce housing. The two-story building is designed with a 140-mph wind rating and additional features to enhance safety in Nantucket’s coastal weather environment. Production has already commenced and delivery is projected before year end 2026. Workforce housing and assisted living now represent a growing share of the Building Solutions division\u2019s backlog. Jeff Eberwein, CEO … <\/p>\n

Continue reading “KBS Builders Wins $2 Million Contract for Workforce Housing Project on Nantucket”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-1020399","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nKBS Builders Wins $2 Million Contract for Workforce Housing Project on Nantucket - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/kbs-builders-wins-2-million-contract-for-workforce-housing-project-on-nantucket\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"KBS Builders Wins $2 Million Contract for Workforce Housing Project on Nantucket - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"OLD GREENWICH, Conn., Nov. 12, 2026 (GLOBE NEWSWIRE) — Star Equity Holdings, Inc. (Nasdaq: STRR; STRRP) (\u201cStar\u201d or the \u201cCompany\u201d), a diversified holding company, announced today that its wholly owned subsidiary, KBS Builders, Inc. (\u201cKBS\u201d), has signed an approximately $2 million contract to manufacture a workforce housing project on Nantucket, Massachusetts. The contract covers the manufacture of 12 modules to provide approximately 8,000 square feet of workforce housing. The two-story building is designed with a 140-mph wind rating and additional features to enhance safety in Nantucket’s coastal weather environment. Production has already commenced and delivery is projected before year end 2026. Workforce housing and assisted living now represent a growing share of the Building Solutions division\u2019s backlog. 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(Nasdaq: STRR; STRRP) (\u201cStar\u201d or the \u201cCompany\u201d), a diversified holding company, announced today that its wholly owned subsidiary, KBS Builders, Inc. (\u201cKBS\u201d), has signed an approximately $2 million contract to manufacture a workforce housing project on Nantucket, Massachusetts. The contract covers the manufacture of 12 modules to provide approximately 8,000 square feet of workforce housing. The two-story building is designed with a 140-mph wind rating and additional features to enhance safety in Nantucket’s coastal weather environment. Production has already commenced and delivery is projected before year end 2026. Workforce housing and assisted living now represent a growing share of the Building Solutions division\u2019s backlog. 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