IMS TECHNOLOGIES

CONSTRUCTION

MetroNet | January 11, 2022

MetroNet announced that construction has begun on its fiber optic infrastructure in Norfolk, Virginia. MetroNet will fully fund the $90 million construction project that will provide Norfolk residents and businesses with access to 100 percent fiber optic internet. The City of Norfolk marks the first city in Virginia that will have access to MetroNet’s services. Upon completion, the City of Norfolk will be named a Gigabit City with MetroNet’s future-proof fiber optic network.Con...

MATERIALS

Bentley Systems | November 18, 2021

Bentley Systems, Incorporated (Nasdaq: BSY), the infrastructure engineering software company, announced that it has entered into a definitive agreement to acquire Power Line Systems—a leader in software for the design of overhead electric power transmission lines and their structures—from private equity firm TA Associates for approximately $700 million. The consideration is payable, at BSY’s election, in cash or a combination of cash and BSY stock. As an established subscriptio...

MARKET

Verdantas | January 05, 2022

Five leading professional service groups have come together to form a national company, which is launching under a new brand: Verdantas. Round Table Capital Partners (“RTC Partners”) launched this new venture with the acquisition of Hull & Associates, LLC (“Hull”) in July of 2020, and has since expanded the organization with the acquisitions of Duffield Associates, LLC (“Duffield”), HSW Consulting, LLC (“HSW”), GeoInsight, Inc. (“GeoInsig...

CONSTRUCTION

Foresite | September 07, 2022

Foresite Technology Solutions, LLC, a Software-as-a-Service (SaaS) company, today announced a partnership with Building Media Inc., a company established to improve education opportunities for the construction community. With increased access to intuitive training materials, Foresite further distances themselves from their competition. Tradespeople are frequently faced with conflict or issues that prevent project completion in a timely manner, impacting the overall cost of a job, ...