Star Equity is a small diversified holding company with two divisions: Building Solutions and Investments. Building Solutions is the core business and consists of three units serving residential and commercial construction markets in the northeastern and upper midwestern U.S. KBS, based in Maine, manufactures fully custom modular homes and multi-family buildings — structures built in a climate-controlled factory and transported to job sites — selling primarily across New England through a dealer network and direct sales team. EBGL, based in the Minneapolis-St. Paul area, manufactures structural wall panels and engineered wood products, and operates two lumberyards in Minnesota serving professional builders across the Upper Midwest. Timber Technologies, based in Colfax, WI, manufactures glue-laminated timber beams and columns used in post-frame and commercial construction. The offsite construction model — building components in a factory rather than on a job site — is a key selling point, offering builders faster delivery, reduced weather delays, and lower on-site labor costs. Revenue across these businesses is project-driven and tied to regional construction activity, with margins sensitive to lumber commodity prices. The Investments division is smaller and passive, owning two manufacturing facilities leased back to KBS and Timber Technologies, holding minority stakes in public companies, and holding a note and equity stake in Catalyst MedTech from the 2023 sale of its former healthcare unit. At the holding company level, Star Equity operates as a capital allocator, pursuing bolt-on acquisitions within Building Solutions and divesting non-core assets.