Trimble | April 20, 2022
Trimble announced the release of SketchUp for iPad, a new app that blends the power of 3D with the simplicity of hand sketching. SketchUp for iPad enables interior designers, architects, engineers, and construction professionals to work more efficiently on-site, on the go, and in the office.
Users may quickly sketch in 3D with SketchUp for iPad's smart drawing tools and support for the Apple Pencil. The software features cutting-edge capabilities and workflow advancements that enable architects and designers to spend less time on repetitive modeling activities and more time on idea exploration. Autoshape, a new machine-learning technology, converts sketches into three-dimensional shapes and adjustable components in an instant. Users can capture real-time customer input in Markup mode by digitally superimposing annotations and illustrations on top of 3D models with the Apple Pencil. SketchUp for iPad also enables users to integrate satellite images and terrain data for current site locations, apply picture textures using the iPad camera, and visualize 3D creations in the real world via augmented reality.
SketchUp for iPad integrates with the Trimble Connect® collaboration platform via a native connection. Trimble Connect-stored SketchUp models immediately sync between devices, allowing project stakeholders to effortlessly switch between SketchUp for iPad, SketchUp for Web, and SketchUp Desktop applications.
"The way we work has changed and SketchUp for iPad was designed to go wherever work takes our users with a uniquely intuitive 3D experience to help capture and bring creative inspiration to life whether on the jobsite, in a coffee shop or meeting with clients in an office, We're excited to make 3D even more accessible to designers who've always dreamed of working in 3D. We want to help dissolve barriers between the physical and digital worlds by offering immersive and collaborative 3D experiences that can be shared by all stakeholders, from concept through construction."
Christopher Cronin, vice president and general manager of Trimble SketchUp
SketchUp for iPad is included in all paid SketchUp subscriptions. To learn more, visit SketchUp for iPad or purchase from the Apple App Store.
The Jordan Company | August 17, 2021
Arclin, Inc. ("Arclin" or the "Company"), a chemistry-based provider of highly technical, engineered products for the residential building products market and other industries, today announced that it has signed a definitive agreement whereby an affiliate of The Jordan Company, L.P. ("TJC") will acquire Arclin from funds affiliated with Lone Star Funds. Arclin's senior management team, led by CEO Brad Bolduc, will maintain a significant equity stake in Arclin and continue to lead the Company going forward. While the terms of the transaction were not disclosed, the transaction is expected to close in the third quarter of 2021.
Founded in 1992, Arclin is a leading North American manufacturer and formulator of proprietary surface overlays and specialty resins primarily for the residential building products market, as well as industrial, furniture and non-residential construction markets. The Company serves high-growth applications, which are expected to continue benefiting significantly from positive trends in the market. Arclin's IP protected, proprietary products and assets drive key performance characteristics, and the Company maintains long-term relationships with its blue-chip customers and suppliers. Headquartered in Roswell, GA, the Company operates out of 12 manufacturing facilities and maintains over 600 employees.
"We are excited and look forward to partnering with TJC," said Brad Bolduc, CEO of Arclin. "We believe this partnership will accelerate our growth initiatives related to organic growth, new product development, operational enhancements, and strategic acquisitions. In support of our corporate vision to remain the market leader in innovation, we will continue investing significantly in our technologies to ensure exceptional product performance for our customers and markets served."
"TJC is excited to have identified a world-class platform and management team in Arclin," said Ian Arons, Partner of TJC. "Arclin fits extremely well with our investment strategy based on our extensive experience in the specialty chemicals and building products industries. We see great growth opportunities ahead and look forward to supporting the team."
"We are excited to partner with Brad and the Arclin team to help accelerate their next phase of growth," added Barry Gallup, Jr., Vice President of TJC. "Our organizations have a strong cultural alignment, and we collectively share a customer-centric and growth-oriented focus. We look forward to a long-term partnership with Arclin and its employees."
"We are extremely proud of the growth that the Arclin team has achieved over the last several years during our ownership period," said Donald Quintin, President, Lone Star Opportunity Funds. "We have enjoyed working with Brad and his team, and we are pleased that management has identified a great partner to support the Company's next chapter of growth."
RBC Capital Markets, LLC is acting as financial advisor and Gibson, Dunn & Crutcher LLP is serving as legal counsel to Arclin and Lone Star. Barclays Capital, Inc. is acting as financial advisor and Ropes & Gray LLP and Kirkland & Ellis LLP are serving as legal counsel to TJC.
Arclin is a leading provider of chemistry-based resin and surfacing solutions for the building, design, energy, agriculture, transportation and other industries. Headquartered in Roswell, Georgia, Arclin has offices and manufacturing facilities throughout the U.S. and Canada and manufactures for customers worldwide. More information at www.arclin.com.
About The Jordan Company
TJC, founded in 1982, is a middle-market private equity firm that has managed funds with original capital commitments in excess of $15 billion and a 39-year track record of investing in and contributing to the growth of many businesses across a wide range of industries including Healthcare & Consumer; Industrials; Technology, Telecom & Utilities; and Transportation & Logistics. The senior investment team has been investing together for over 20 years and is supported by the Operations Management Group, which was established in 1988 to initiate and support operational improvements in portfolio companies. Headquartered in New York, TJC also has offices in Chicago and Stamford.
About Lone Star Funds
Lone Star, a global private equity firm founded by John Grayken, invests on behalf of its limited partners, which include institutional investors such as pension funds and sovereign wealth funds, as well as foundations and endowments that support medical research, higher education, and other philanthropic causes. Since the establishment of its first fund in 1995, Lone Star has organized 21 private equity funds with aggregate capital commitments totaling approximately $85 billion.
STV Group, Inc. | September 07, 2021
STV Group, Inc., has agreed to acquire CP&Y, Inc. CP&Y is an employee-owned engineering, architectural, and field services consulting firm with a staff of over 375 professionals in Texas, Oklahoma, Colorado, Florida, and Virginia.
"Joining forces with CP&Y will cement our presence in the Texas infrastructure market and serve as a catalyst to expand our water and wastewater practices nationwide. Our firms share a similar ethos – we are client-focused and employee-centric, with a long-range outlook that is multi-generational," said Greg Kelly, P.E., president and chief executive officer of STV. "The combined company will serve as an ideal platform to leverage growth opportunities across multiple markets and geographies."
"This relationship affords us an engine for growth, and we are excited to become a part of the STV organization. STV is a strategic fit for our clients and employees. Our firms are aligned philosophically on how we approach our projects and the value we place on our clients and employees," said J.J. Roohms, P.E., president of CP&Y.
"This is an important milestone. We at The Pritzker Organization are enthusiastic about this strategic acquisition and the significant opportunities for growth that it presents for STV and CP&Y," said STV Board member Billy Nand of The Pritzker Organization. STV is a portfolio company of The Pritzker Organization, L.L.C.
Founded more than 100 years ago, STV is a leader in providing engineering, architectural, planning, environmental, and program management and construction management services for transportation systems, infrastructure, buildings, energy, and other facilities. The firm is ranked 32nd in Engineering News-Record's Top 500 Design Firms survey. The firm has 40 offices throughout the United States and in Canada.
Since opening its first office in Arlington, TX, in 1980, CP&Y has grown to become an award-winning, full-service firm that focuses on the water and wastewater, transportation and transit, roadways and bridges, and aviation market sectors. The firm is consistently ranked among the Top 500 Design Firms in the country by Engineering News-Record.
About The Pritzker Organization, L.L.C
The Pritzker Organization is the merchant bank for the business interests of the Tom Pritzker family. TPO is focused on partnering with exceptional leaders to create value across a wide range of industries. TPO looks for opportunities where it can create value for our family's interests and our partners and colleagues over a significant time horizon. For more than 60 years, TPO has overseen and guided the development of dozens of portfolio companies across a wide variety of industries, including manufacturing, logistics, life sciences, hospitality, health care and services. Notable businesses include Hyatt Hotels, Triton Container and the Marmon Group. Recent control investments include TMS International, Lithko Contracting, KBP Investments, Mammoth Holdings and STV.
In addition to its core strategy of building businesses over the long term, TPO is also active in special situations, advising the family's interests in the deployment of capital across a wide spectrum of industries and across every tier of the balance sheet, from senior debt to equity.