JG Companies | July 29, 2022
JG Companies, a premium provider of construction and facilities services in Southern and Central California, has announced that it has been purchased by the ownership team of Bullseye Builders, Inc., a full-service commercial general contracting firm specializing in cutting-edge technology to generate scheduled, collaborative and quality-controlled projects.
"This acquisition signals a bright future for JG Companies as we modernize our operations and expand on our ongoing customer service excellence, We are driven by our core values and the simple love of building great projects that positively enhance local communities. We are looking forward to continuing our commitment to providing world-class construction project services to the community while we expand on our expertise to assist in building maintenance, We want everyone to know that JG Companies can not only build comprehensive, multi-site facilities, but we can also maintain them, We have the plans and the blueprints and we know our structures from the inside out. This gives us an advantage in providing ongoing upkeep and operational continuity for future tenants."
-Adam Shihadeh, owner of Bullseye Builders, Inc. and JG Companies.
JG Services Company was established in 1979 and offers commercial general contracting services throughout California and several border states along the west coast. With the acquisition, the company will become JG Companies and will feature two divisions: JG Construction and JG Facilities.
The construction division specializes in a wide variety of markets, including new construction, tenant improvements, refresh and rebranding projects, and building retrofits. Market sectors include retail, restaurants, convenience stories, manufacturing and distribution centers.
The facilities division provides comprehensive multi-site facility, electrical and construction services, and employees skilled technicians and tradesman to manage in-house maintenance assignments. JG Facilities' offerings range from specialized projects such as graffiti removal to long-term services such as on-site handyman and emergency responses.
"We are thrilled that the new ownership has committed to safeguarding the legacy of the JG brand while building on the innovative use of construction technology, modernized operations and superior customer service, We have always had an experienced team that does quality work. Our new focus will allow us to build on that excellence while incorporating new technology to improve communications, customer service and simplify our clients' facility needs."
-Wally Clark, executive vice president of JG Companies.
About JG Companies-
Since 1979, JG Companies has been a premium provider of construction and facilities services in southern and central California. The business consists of two divisions: JG Construction and JG Facilities. The construction division builds everything from new, ground-up construction to tenant improvements to multi-site rollouts. JG Companies' facilities division offers in house electrical services, LED building retrofits, in-house carpentry and provides skilled tradesmen for facility maintenance. JG is not just a construction company, we are a group of great people with a client centric focus, putting each of our clients on the forefront of every project.
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.
NV5 | September 17, 2022
NV5 Global, Inc. (the “Company” or “NV5”) (Nasdaq: NVEE), a provider of technology, conformity assessment, and consulting solutions, announced today that it has acquired KMK Technologies, LLC. (KMK), a provider of technology design and consulting services. KMK serves public and private sector clients that require advanced audiovisual, lighting, security, and IT systems for their facilities. The acquisition was made with a combination of cash and stock and will be immediately accretive to NV5’s earnings.
KMK has designed the building technology infrastructure for numerous high-profile projects, and we look forward to integrating these capabilities into our Buildings and Clean Energy business. NV5’s ability to deliver both MEP and technology design provides a competitive advantage on projects requiring integrated technical capabilities, and the acquisition of KMK strengthens NV5’s position as a leader in building systems design and consulting, said Dickerson Wright, PE, Chairman & CEO of NV5.
“We are pleased to welcome KMK to the NV5 team as it strengthens our technology design and consulting capabilities.”
-Ben Heraud, COO of Buildings and Clean Energy Solutions at NV5.
About KMK Technologies:
Headquartered in Monroeville, NJ, KMK engineers serve facility owners and architects through world-class technology consulting and specialize in the design of audiovisual, security, Lighting, and IT infrastructure.
NV5 Global, Inc. (NASDAQ: NVEE) is a provider of technology, conformity assessment, and consulting solutions for public and private sector clients supporting sustainable infrastructure, utility, and building assets and systems. The Company focuses on multiple verticals: testing, inspection & consulting, infrastructure engineering, utility services, buildings & program management, environmental health sciences, and geospatial technology services to deliver innovative, sustainable solutions to complex issues and improve lives in our communities. NV5 operates out of more than 100 offices nationwide and abroad.