2 AI-based construction platforms receive millions in funding

Construction Dive | October 30, 2019

Once considered futuristic, artificial intelligence has been made more accessible and integral to contractors in recent years by several burgeoning startups, through programs such as OpenSpace and Smartvid.io. Adding to the list of firms making inroads in construction technology, two other artificial intelligence-powered companies offering digital solutions for construction managers announced new rounds of funding this month: Alice, an AI-based simulation platform for construction, announced yesterday that it has closed $8 million in Series A funding round led by Merus Capital with participation from Foundamental, Blackhorn Ventures and Lightspeed Venture Partners.

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The goal of this white-paper, is to provide you with ideas that will dramatically increase the success of your marketing. The results that will be created if what we discuss during this whitepaper are implemented, will increase your customer base as well as the life time value of those customers, creating a compound increase in your profit and therefore money in your pocket.

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PRODUCTS,MATERIALS,CONSTRUCTION

Clayton, Dubilier & Rice Completes Acquisition of Cornerstone Building Brands

Cornerstone Building Brands | July 28, 2022

Cornerstone Building Brands, Inc. (“Cornerstone Building Brands” or the “Company”), the largest manufacturer of exterior building products in North America, today announced that Clayton, Dubilier & Rice (“CD&R”) has successfully completed the acquisition of Cornerstone Building Brands. Holders of a majority of the shares of Cornerstone Building Brands common stock not owned by CD&R and its affiliates voted to approve the acquisition at the Special Meeting of Stockholders held on June 24, 2022. The acquisition also received the approval of the holders of a majority of the shares of Cornerstone Building Brands common stock outstanding at the Special Meeting. With the completion of the acquisition, Cornerstone Building Brands’ common stock has ceased trading and will no longer be listed on the New York Stock Exchange. “The closing of this transaction is an important milestone for Cornerstone Building Brands, and we are pleased to be entering our next phase of growth as a private company, With CD&R’s operational and strategic support, Cornerstone Building Brands will be even better positioned to accelerate our future growth plans and advance our journey to be the premier exterior building solutions company and deliver enhanced value to our customers. I want to thank all Cornerstone Building Brands employees for their continued dedication and hard work. This transaction is a testament to our team’s unwavering commitment to our customers and focus on executing our strategy. I am excited about the opportunities ahead for Cornerstone Building Brands, and I look forward to continuing our work together as we drive value for all stakeholders.” -Jeffrey S. Lee, Executive Vice President and Chief Financial Officer of Cornerstone Building Brands. J.L. Zrebiec, Partner at CD&R, said, We have long admired Cornerstone Building Brands’ business and talented team, and we are thrilled to work even more closely with its leadership team and employees in this next chapter. We firmly believe that the Company is uniquely positioned to expand on its position as the largest manufacturer of exterior building products in North America, and we look forward to working together to build on the significant momentum underway. Centerview Partners LLC is serving as financial advisor and Wachtell, Lipton, Rosen & Katz is serving as legal advisor to a special committee of Cornerstone Building Brands’ independent directors. Sullivan & Cromwell LLP is serving as legal counsel to Cornerstone Building Brands. UBS, Barclays, BNP Paribas Securities Corp., Goldman Sachs, Jefferies, Natixis, New York Branch, RBC Capital Markets, and Societe Generale are providing financial advisory services to CD&R. Kirkland & Ellis LLP is serving as legal counsel to CD&R on the transaction and Debevoise & Plimpton LLP is serving as legal counsel to CD&R on the financing. CD&R has obtained committed financing from Deutsche Bank Securities Inc., UBS Investment Bank, Barclays, BNP Paribas, RBC Capital Markets, Societe Generale, Goldman Sachs, Natixis, New York Branch, Jefferies, Apollo, Blackstone Credit, and U.S. Bank. About Cornerstone Building Brands, Inc: Cornerstone Building Brands is the largest manufacturer of exterior building products by sales for residential and low-rise non-residential buildings in North America. Headquartered in Cary, N.C., we serve residential and commercial customers across the new construction and repair and remodel markets. Our market-leading portfolio of products spans vinyl windows, vinyl siding, stone veneer, metal roofing, metal wall systems and metal accessories. Cornerstone Building Brands’ broad, multichannel distribution platform and expansive national footprint includes more than 20,000 employees at manufacturing, distribution and office locations throughout North America. Corporate stewardship and environmental, social and governance (ESG) responsibility are embedded in our culture. We are committed to contributing positively to the communities where we live, work and play. About Clayton, Dubilier & Rice: Clayton, Dubilier & Rice is a private investment firm with a strategy predicated on building stronger, more profitable businesses. Since its inception, CD&R has managed the investment of more than $40 billion in over 100 companies with an aggregate transaction value of over $175 billion.

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DESIGN,ENGINEERING TECH,CONSTRUCTION

Helios Technologies Signs Definitive Agreement to Acquire Daman Products

Daman Products Company | September 08, 2022

Helios Technologies, Inc. (NYSE: HLIO) (“Helios” or the “Company”), a global leader in highly engineered motion control and electronic controls technology for diverse end markets, has entered into a definitive agreement to acquire the assets of Daman Products Company “Daman”. Founded in 1976, Daman is headquartered in Mishawaka, Indiana and is a recognized leader in complex manifold design and manufacturing for precision hydraulic manifolds and related fluid conveyance products. Daman products are used in numerous hydraulics applications for industrial and mobile markets including applications in the oil and gas, railroad, construction, agriculture, forestry, mining, material handling, machine tool, robotics, and entertainment industries. Daman is a highly recognized brand with a quality reputation, has leading market share in the standard manifold niche market segment, as well as in custom designed integrated solutions. Sun Hydraulics, a Helios company, and Daman have collaborated for years to create solutions that address customers’ fluid power challenges. “Adding Daman onto our pure play Hydraulics platform is a clear demonstration of the continued progress we are making with our flywheel acquisition strategy. Daman has established, long-term relationships with a diversified customer base serving multiple end markets. They bring a differentiated value proposition through sophisticated inventory programs that reduce supply chain delays and enable rapid delivery. They also leverage a strong engineering team that works closely with customers and distributors to design custom tailored solutions for a breadth of applications as well as standard manifold designs. Daman is a critical supply channel partner that provides a notable combination of high-quality products with value-added engineering, inventory management, rapid prototyping, and assembly services. With over 300 years of combined experience resident in-house, we expect this acquisition to enhance Helios’ technologies through product integration, enabling further system sale opportunities, and diversification of end markets.” -Josef Matosevic, Helios’ President and Chief Executive Officer. About Daman Products: Founded in Mishawaka, IN in 1976, Daman is a leading designer and manufacturer of standard and custom precision hydraulic manifolds and other fluid conveyance products. Daman is centered on a culture of innovation with new technology and new machinery, and recognition of its highly valued employees and customers. Daman's hydraulic manifolds help power industrial and mobile equipment worldwide. Distributors throughout North America trust Daman’s proven technology and innovative design to deliver standard components, while the company has expanded its custom engineering capabilities to become a leading, single-source, full-range manifold supplier. About Helios Technologies: Helios Technologies is a global leader in highly engineered motion control and electronic controls technology for diverse end markets, including construction, material handling, agriculture, energy, recreational vehicles, marine, health, and wellness. Helios sells its products to customers in over 90 countries around the world. Its strategy for growth is to be the leading provider in niche markets, with premier products and solutions through innovative product development and acquisition. The Company has paid a cash dividend to its shareholders every quarter since becoming a public company in 1997.

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CONSTRUCTION

Black Buffalo 3D Announces Strategic Partnership with Presidio Advisors for 3D Construction Printing in the Middle East

Black Buffalo 3D Corporation | August 04, 2022

Black Buffalo 3D Corporation has announced a strategic partnership agreement with Presidio, granting Presidio Advisors distribution rights for Black Buffalo 3D's NEXCON 3D construction printers, structural inks and related equipment in the Middle East. This partnership strengthens the ability of Black Buffalo 3D to address growing global demand for its large-scale 3D construction equipment and materials. Black Buffalo 3D continues to establish itself as a leader in construction technology and materials science. Over the past few years, the company has developed large scale modular 3D construction printers and the world's first structural concrete "ink" designed to meet requirements for ICC-ES AC-509 testing. Black Buffalo 3D continues to innovate its equipment and materials to increase 3D printing adoption in the construction industry. The company's NEXCON printers are being sold currently, and partnerships such as this will accelerate adoption of this new technology globally. Presidio is focused on innovation in the real estate and construction sector, including leveraging technology, robotics and blockchain to modernize and scale the industry. Presidio supports rapid, lower cost construction and sustainable development. Their initial regional focus will be on the Saudi, Turkey, North Africa, UAE, and Egyptian markets. "Presidio brings with it a wealth of expertise in sales, distribution, and promotion of new technology in the Middle East. This agreement will allow us to better serve companies looking to move into 3D construction with local representation and support as we grow Black Buffalo 3D's global footprint." -Michael Woods, CEO/COO of Black Buffalo 3D. Presidio's Chief of Innovation Jourdan Younis states, The Middle East has a huge demand for efficient, low-cost sustainable housing development. Presidio's 15+ years of expertise in innovative sustainable construction and technical design in the region make Presidio and Black Buffalo ideal partners to further the global expansion of the company. We will meet this demand head-on with the rapid scaling and deployment of 3D construction printers and technology. About Black Buffalo 3D Corporation: Black Buffalo 3D Corporation is the PA based subsidiary of Big Sun Holdings Group, Inc.—with locations in Pennsylvania, New Jersey, and New York. Black Buffalo 3D is poised to revolutionize construction and become the leading global provider of 3D construction printers (3DCP) from one to 3 stories, proprietary construction "ink" (Planitop 3D) and 3D print construction consulting services. NEXCON printers are now available for rent, lease, financing, and purchase globally. Print smart and sustainable infrastructure on-demand with Black Buffalo 3D NEXCON printers. About Presidio Advisors DWC, LLC: Presidio' Advisors' Venture Capital and Advisory teams give us the opportunity to work with people who mirror our commitment to transforming the Built Environment. Presidio is a leader in using and investing in companies that utilize Artificial Intelligence (AI), Machine Learning, and robotics to help revolutionize the way we think about buildings and sustainability. We do this by consulting for and partnering with highly promising companies that are changing their industries in the EMEA region. Presidio specializes in the CleanTech, PropTech and renewable energy sectors, and has a wealth of experience in supporting early-stage existing businesses and in facilitating the growth of pioneering projects.

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