DESIGN, ENGINEERING TECH, CONSTRUCTION
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.
ENGINEERING TECH, CONSTRUCTION
Vita Inclinata | October 11, 2022
Vita Industrial has announced a Strategic Business Combination with NIT Alaska, furthering its mission of becoming a leading provider of technology, servicing, and training for the lifting industry.
As the state’s leading resource for vocational training, NIT Alaska’s strong focus on the construction industry will aid Vita in promoting the effective use of its lifting system as a key means of preventing injuries and saving lives on jobsites, in addition to providing means to upskill and reskill operators through education and training services.
“We are proud to pair our training services with such a forward-thinking company, Vita Industrial’s ambition of eliminating taglines to create a safer lifting environment will require an emphasis on training and re-education. We look forward to expanding our training services to meet their mission.”
-Joey Crum, CEO, NIT Alaska.
Vita’s vision with this Strategic Business Combination is focused on three main phases: online training and certification, live training and certification, and the development of new training and additional continuing education courses for the industry. Online courses will cover practical rigging, signaling, data record management, and OSHA certifications. Live and in-person Rigger and Crane certification training will be offered from Alaska and a crane yard close to Vita’s headquarters in Broomfield, Colorado. Future class offerings will focus on emerging technologies, including telematics, IoT, predictive maintenance, and Building Information Modeling (BIM). Recertifications will be Vita-controlled, with current and future customers associating the Vita name with education in addition to innovation.
“Our mission is to be recognized as a comprehensive lifting partner. Providing the finest instruction from one of the most respected training locations in the country is another big step towards that goal, This combination will enable Vita to train the future of crane operators and riggers within the United States.”
-Caleb Carr, Chairman and CEO of Vita Inclinata.
With this Strategic Business Combination, Vita Industrial is now spearheading the industrial modernization of the lifting industry, providing a complete construction training program to previous, current, and future customers. As the crane industry continues to grow and put new technologies to use, Vita is committed to providing crane operators with the proper training to match new capabilities, retain their workforce, and achieve operational excellence.
About Vita Inclinata:
A friend’s death during a rescue operation—with a helicopter close but unable to stabilize due to weather and terrain—was the genesis of Vita Inclinata. Founded in 2015 as a way to solve a real problem, Vita today controls chaotic swinging and spin and adds safety and precision for rotor-wing and fixed-wing aircraft and cranes. With the mission of “Bring them home, every time,” Vita’s technology changes the narrative while saving lives, time, and money across industries, including search and rescue, military, firefighting, public safety, construction, wind energy, and oil and gas. The company is headquartered in Broomfield, Colorado, with offices in Washington, DC, and Huntsville, Alabama.
ENGINEERING TECH, CONSTRUCTION
RedTeam | October 19, 2022
RedTeam Software, a leading construction management software platform provider, has added a powerful PDF markup function and Indicated Outcome Report as enhanced features to its flagship software solution, which it has renamed, RedTeam Flex.
The RedTeam Flex solution is designed to help mid- to enterprise-level contractors maximize communication, performance and productivity in the field. RedTeam Flex integrates with existing software platforms to offer users a convenient, accessible on-ramp to industry-leading jobsite management.
The RedTeam Flex PDF markup feature allows teams to annotate, publish and share drawing files on the web platform, as well as drawings and photos from the mobile application. With RedTeam Flex Indicated Outcome Report (IOR), contractors can aggregate data from construction management at risk (CMAR) projects. The feature enables the contractor to share the financial status of the project with clients in an easy, understandable format, offering full transparency throughout the life of the project.
"RedTeam Software continues to provide contractors with solutions that help them communicate changes, so they can minimize disruptions and keep their projects on track, We realize the value of helping teams stay connected, and that's why we are adding enhanced markup capability and the Indicated Outcome Report to the RedTeam Flex platform. We are committed to building great software so construction professionals can build great things."
-Betsie Hoyt, VP of Product of RedTeam Software.
In August, the company announced a similar PDF markup enhancement to Fieldlens by RedTeam, a dynamic, intuitive jobsite management software solution that keeps issues organized, documented, and appropriately escalated, and empowers effective collaboration among field, office, and trade workers. These updates followed RedTeam Software's recent recapitalization and the acquisition of Paskr, now rebranded RedTeam Go, a commercial construction management solution for small to midsize contractors.
About RedTeam Software:
RedTeam Software is a growing construction management software company built by contractors who understand construction. The cloud-based software solutions are designed to help contractors face the day-to-day challenges of commercial construction. The company's suite of construction solutions features products ranging from field-management software to enterprise-level workflow, collaboration and construction management solutions. The solutions include:
RedTeam Go: Formerly named Paskr, software designed to help simplify, automate and standardize workflow for small to mid-size contractors
Fieldlens by RedTeam: Dynamic jobsite collaboration software that facilitates effective, real-time collaboration among field, office, and trade workers, at any time from any location.
RedTeam Flex: Highly customizable construction management software that can also be integrated into popular business platforms for optimal, overarching project management.