Acquisitions

Neal Communities Acquires HITEK Truss Company

Neal Communities decided to acquire HITEK due to the supply chain and labor constraints impacting the housing market.

By Staff March 24, 2022

HITEK Truss Company

HITEK Truss Company

Neal Communities has acquired truss company HITEK. Based in Brooksville, HITEK was founded in 2004 by four custom homebuilders to supply high-quality trusses at a reasonable price in a timely manner. The company manufactures structurally engineered roof, floor and custom trusses made from the most dependable and durable lumber.

 Neal Communities decided to acquire HITEK due to the supply chain and labor constraints impacting the housing market. These industry-wide issues have led to rising costs and reduced building capacity, all while homebuilders are facing record consumer demand. The purchase was finalized in February 2022 with HITEK owner Derrick Rushnell, who purchased the company one and a half years ago. Rushnell will continue to manage the company, which will retain most of its current customer base and is adept in building a wide range of trusses. HITEK currently serves counties from the west coast to the east coast of Florida, as far north as Alachua County and as far south as Charlotte County.

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