Materials, Construction
PR Newswire | January 04, 2024
CemAI, Inc. has teamed up with Continental Cement Company L.L.C.'s (Continental Cement) Hannibal, MO plant to install CemAI's predictive and prescriptive maintenance solution, combining a unique licensed software with a continuous monitoring and incident resolution service to further enhance its cement manufacturing performance."
The CemAI solution uses Continental Cement's existing historical and real-time manufacturing data and applies machine learning, artificial intelligence and remote monitoring by cement experts to complement the expertise of Continental's local plant maintenance and reliability teams. This robust solution brings plant maintenance into the digital age."
"We considered a number of approaches to utilizing our data to improve our maintenance efforts, eliminate downtime and increase equipment reliability," says Timothy J. Noud, Vice President of Manufacturing at Continental Cement. "CemAI offers a cement-centric, end-to-end machine learning/artificial intelligence service solution."
Continental Cement has built its business on consistent quality, superior service, and delivering a safe working environment since they began producing cement at their Hannibal location in 1903. A leader in innovation and sustainable cement production, Continental Cement provides high quality cement for projects along the Mississippi corridor and is a subsidiary of Summit Materials, Inc. "
"CemAI is proud to be collaborating with an industry leader on innovative ways to use data," says Scott Ziegler, Chief Executive Officer for CemAI. "We thank Continental Cement for their confidence in the CemAI solution to provide increased efficiency, improved reliability and optimized operations."
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Engineering Tech, Construction
Business Wire | February 01, 2024
Comfort Systems USA, Inc. today announced that it has closed its previously announced transaction to acquire Summit Industrial Construction, LLC (“Summit”) headquartered in Houston, Texas.
As previously disclosed, Summit is a specialty industrial mechanical contractor offering engineering, design-assist and turnkey, direct hire construction services of modular systems serving the advanced technology, power, and industrial sectors. Summit’s capabilities encompass a wide range of modular and site-based construction, including process piping, equipment setting, large pipe rack trestles, and related steel erection and specialty concrete work. Summit is a trusted supplier to some of the world’s largest advanced technology, power and industrial companies and is currently deployed on several major chip fabrication projects. Initially, Summit is expected to contribute annualized revenues of approximately $375 million to $400 million, and earnings before interest, taxes, depreciation, and amortization of $35 million to $40 million. In light of the amortization expense, Summit is expected to make a neutral to slightly accretive contribution to earnings per share in 2024 and 2025.
Brian Lane, Comfort Systems USA’s Chief Executive Officer, commented, “We are delighted to announce the closing of our agreement to acquire Summit, an extremely capable provider of modular and other complex mechanical services. Summit brings a stellar reputation as a modular technology leader in growing end markets, including multiple ongoing and large semiconductor projects. We are happy to welcome Summit’s wonderful leadership team and excellent production and craft workers across many states, and we are confident Summit will continue to innovate and grow as a part of our network of world-class contracting companies. We are grateful that Summit has chosen to become part of Comfort Systems USA.”
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Construction
PR Newswire | January 09, 2024
Window Nation, one of the nation's leading window replacement companies, proudly announces its much-anticipated expansion into the vibrant city of Seattle. With a reputation for delivering first-rate windows and unparalleled customer service, Window Nation is set to redefine the standard for home improvement in the Pacific Northwest.
Seattle's unique blend of historic charm and modern architecture makes it an ideal canvas for Window Nation to highlight its diverse range of high-quality window products. The company's CEO and President, Jeff Beck, expressed enthusiasm about this strategic move, saying, "Seattle's dynamic housing landscape and the city's commitment to sustainability align perfectly with our values at Window Nation. We are thrilled to bring our expertise to homeowners in the Pacific Northwest and enhance the beauty and functionality of their homes."
As Window Nation makes its mark in Seattle, Beck emphasized the company's commitment to upholding its renowned quality standards. "Our windows are crafted with precision and designed to withstand the distinctive weather patterns of the Pacific Northwest, "Seattle homeowners can trust Window Nation to deliver not only exceptional products but also a seamless and stress-free experience from consultation to installation."
With a record of transforming homes across the nation, Window Nation is poised to become the go-to choice for Seattle homeowners seeking top-tier windows and exceptional service, redefining the window replacement experience for homeowners across the city. Inviting Seattle residents to embrace a clear view of the future—one framed by quality, style, and innovation.
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Engineering Tech, Construction
PR Newswire | January 25, 2024
PirTano Construction Company, Inc. ("PirTano"), a leading Midwest-based infrastructure and utility services-focused underground construction company operating in the communications and sewer & water sectors, is pleased to announce its acquisition of Powerlink Electric ("Powerlink"). The transaction closed on November 17, 2023.
Mike Piraino, President of PirTano, said, "The acquisition of Powerlink will operate as a new electrical division, and brings additional service offerings and bench strength of employees as we look forward to continuing to support our customers while capitalizing on additional opportunities."
Founded in 2006 by Doug Pantle and Steve Lipinski, Powerlink Electric ("Powerlink"), is a full-service electrical and telecommunications contractor based in Vernon Hills, Illinois with an outstanding reputation in its regional marketplace and is well known for the reliability and quality of its service. Powerlink primarily focuses on commercial and industrial projects and operates in Northeastern Illinois and surrounding areas. Powerlink will continue to operate under the current leadership as a wholly owned subsidiary of PirTano.
Rising Point Capital ("RPC"), commented on the transaction, "Doug and Steve have built a tremendous reputation in its marketplace. We are very excited to partner with them to help accelerate their growth and with leading a new division at PirTano."Generational Equity, a leading mergers and acquisitions advisor for privately held businesses, served as the exclusive advisor to Powerlink. Generational Equity Executive Managing Director of M&A – Central Region, Michael Goss, Stephen Dinehart, a Generational Group Authorized Affiliate, with support from Vice President, M&A, Lance Thomasson successfully closed the deal.
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