A primer on technology adoption in construction

Why Consider Technology Adoption in Construction? The answer at the highest level is to increase competitiveness, profits, and safety. Underneath these metrics are of course improving construction costs, build quality, speed, design innovation, energy efficiency, scale and other measures that all impact overall competitiveness and profits. Safety plays a special role since in addition to impacting a firm��s profitability and competitiveness, there is a moral dimension as well. Experience across many industries has provided compelling evidence that exploiting new technologies has proven a reliable way to increase competitiveness and profits. While this may answer the question of “whether” Construction firms should adopt new technology, it leaves open the question of “how” and “when”. In this article we outline the landscape of technology adoption to help gain an understanding of how and when construction firms should adopt new technologies and innovations.

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Construction

Construction Partners, Inc. Completes Acquisitions in Alabama and Georgia

PR Newswire | January 03, 2024

Construction Partners, Inc, a vertically integrated civil infrastructure company specializing in the construction and maintenance of roadways across six southeastern states, today announced that it has acquired SJ&L General Contractor, LLC, a hot-mix asphalt and sitework company headquartered in Huntsville, Alabama, and Littlefield Construction Company, a soil base, surface treatment and sitework company headquartered in Waycross, Georgia. Fred J. (Jule) Smith, III, the Company's President and Chief Executive Officer, said, "A key component of our growth strategy is to actively expand service capabilities within existing markets. Both the SJ&L and Littlefield acquisitions expand our services offerings in existing markets while also adding valuable crews and equipment." Smith continued, "The greater Huntsville metro area and Interstate 65 corridor continue to experience tremendous growth, and we look forward to integrating the SJ&L team with our existing operations at our Alabama platform company, Wiregrass Construction Company. As a combined organization, we can now offer turnkey services spanning the construction value chain on both private and public project opportunities within this market. Likewise, our Georgia platform company, The Scruggs Company, entered the Waycross market just a few months ago through the establishment of a greenfield hot-mix asphalt plant. Now having acquired Littlefield, we are even better positioned to capitalize on a robust surface treatment market and to offer a full range of infrastructure services from a strategic location that can reach from the Port of Brunswick on the Atlantic coast into south-central Georgia. We are pleased to expand both of these crucial growth markets and proud to welcome the employees of SJ&L and Littlefield into our continually growing CPI family."

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Construction

VOLLERS, Inc. Enhances its Portfolio with the Strategic Acquisition of LAYOUT, Inc.

PR Newswire | January 02, 2024

VOLLERS, Inc. (VOLLERS), the holding company that owns or partners with quality construction services brands such as Vollers Excavating, HVI Services, Aspen Landscaping and Assuncao Brothers, Inc., proudly announces the acquisition of Layout, Inc. (Layout), one of New Jersey's most recognized construction survey firms. This acquisition broadens VOLLERS' array of services in the construction industry through its distinct and operationally independent entities. Brendan Murray, current President of VOLLERS, will expand his leadership role by assuming the role of President at Layout. Giuseppe Messina Jr., from VOLLERS, has been appointed as Vice President of Survey at Layout. James Flores, from Layout, has been appointed as Director of Project Management. "Success in construction is not just about project completion; it's about fostering a culture of efficiency, innovation, and excellence. We're not just building projects, we're building companies that lead the construction industry," states Brendan Murray. "Adding Layout, Inc. to the VOLLERS family of companies enriches our mission and enhances our service offerings across the entire construction community." Layout comes to VOLLERS as a robust business with a strong history of managing complex and substantial infrastructure projects in the region. The synergy between VOLLERS and Layout promises significant value for clients, combining VOLLERS' world-class management capabilities with Layout's surveying expertise to meet evolving market demands with industry-leading effectiveness. "I am very honored to be given the opportunity to bring these two well-respected organizations together," says Giuseppe Messina Jr. "I look forward to leading a diverse and talented team in our unwavering commitment and dedication to providing top-tier service in the Survey industry."

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Engineering Tech, Construction

PirTano Construction acquires Powerlink Electric

PR Newswire | January 25, 2024

PirTano Construction Company, Inc. ("PirTano"), a leading Midwest-based infrastructure and utility services-focused underground construction company operating in the communications and sewer & water sectors, is pleased to announce its acquisition of Powerlink Electric ("Powerlink"). The transaction closed on November 17, 2023. Mike Piraino, President of PirTano, said, "The acquisition of Powerlink will operate as a new electrical division, and brings additional service offerings and bench strength of employees as we look forward to continuing to support our customers while capitalizing on additional opportunities." Founded in 2006 by Doug Pantle and Steve Lipinski, Powerlink Electric ("Powerlink"), is a full-service electrical and telecommunications contractor based in Vernon Hills, Illinois with an outstanding reputation in its regional marketplace and is well known for the reliability and quality of its service. Powerlink primarily focuses on commercial and industrial projects and operates in Northeastern Illinois and surrounding areas. Powerlink will continue to operate under the current leadership as a wholly owned subsidiary of PirTano. Rising Point Capital ("RPC"), commented on the transaction, "Doug and Steve have built a tremendous reputation in its marketplace. We are very excited to partner with them to help accelerate their growth and with leading a new division at PirTano."Generational Equity, a leading mergers and acquisitions advisor for privately held businesses, served as the exclusive advisor to Powerlink. Generational Equity Executive Managing Director of M&A – Central Region, Michael Goss, Stephen Dinehart, a Generational Group Authorized Affiliate, with support from Vice President, M&A, Lance Thomasson successfully closed the deal.

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