ENGINEERING TECH
LinQuest Corporation | February 03, 2023
LinQuest Corporation, a leading provider of software solutions for the U.S. military and intelligence communities, recently announced the acquisition of Hellebore Consulting Group, a next-generation software engineering firm with expertise in DevSecOps software systems and solutions assisting high-priority missions that will safeguard the future of air dominance. This agreement strengthens the capacity of both organizations to assist AFMC and other Dayton clients with their digital transformation initiatives.
Hellebore was founded in 2018 and is based in Beavercreek, Ohio, where it will collaborate with LinQuest's Integrated Analytics & Support Line of Business.
President and CEO of LinQuest, Greg Young, said, “Hellebore’s experience with agile software development and its track record supporting the Air Force Life Cycle Management Center will catalyze LinQuest’s leading role in moving AFLCMC to a digital future.” He added, "This partnership with the Hellebore team will help enable our customers to advance the state-of-the-art in autonomous technologies."
(Source – Businesswire)
Hellebore Co-founders John Farrier and Dan Squibb, stated, "We are excited about this decision to partner with LinQuest." They also added, "Our combined teams bring full spectrum solutions to AFLCMC in software development, systems engineering, and mission systems software solutions."
(Source – Businesswire)
About LinQuest Corporation
LinQuest is a national security space leading firm that facilitates military and intelligence operations via the development, integration, and operation of mission-critical systems and sophisticated digital solutions. It delivers highly valued, cutting-edge, and cost-effective technology solutions to government, civil, and commercial clients in the United States. Its services and products include the creation, testing, operation, and maintenance of mission-critical capabilities and projects ranging from sophisticated systems and architectures to very complex businesses formed of system families. By integrating technical and operational domain knowledge with process discipline, the business offers excellent performance across the life cycle of initiatives.
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CONSTRUCTION
Bowman | December 06, 2022
Bowman Consulting Group Ltd. (the “Company” or “Bowman”) (NASDAQ: BWMN), today announced the purchase of H2H Geoscience Engineering, PLLC (“H2H”), a Troy, New York based professional services firm that is focused on the aggregate, cement and industrial minerals industries. H2H also specializes in the collection of detailed 3D measurements and images using state-of-the-art aerial, marine-based, underground, and terrestrial survey mapping technologies. Founded in 2005 by Richard Hisert, PhD PG, H2H provides mine permitting, geospatial, geologic, hydrogeologic, geotechnical, civil and mine engineering, hydrographic, and environmental services to a variety of state, federal, and private sector clients throughout the United States. Hisert, along with other senior managers of H2H, will become part of the Bowman management team.
“The acquisition of H2H will expand our mine consulting and geospatial capabilities as well as extend our service verticals to the transportation and infrastructure market, Their depth of expertise serving the aggregate, cement and industrial minerals mining industries will position us to capitalize on the backlog of transportation and infrastructure spending coming in 2023 and beyond. We were also attracted by their extensive experience in sophisticated underwater imaging, hydrographic surveying, and the unique collection of advanced marine mapping technologies they have assembled. Considering the complementary services which they provide and the skillsets they possess, we have the ingredients for an exceptionally synergistic acquisition. Having already worked together on projects prior to the acquisition, we have a head start on integrating our services which allows us to increase focus on cross selling to our clients.”
-Gary Bowman, CEO of Bowman.
We have gotten to know the Bowman team well and we are confident that their culture and commitment to deliberate growth will enable our team to scale our operations to a degree we could not achieve on our own, said Richard Hisert, founder of H2H. Our skills, experience and tools will complement Bowman’s while their national footprint and extensive professional development programs will provide our team with a new home from which to grow. We have been considering a sale for some time and feel this is the perfect match for our team.
The Company expects the H2H acquisition to contribute approximately $3.5 million of annualized net service billing before revenue synergies and be immediately accretive. The acquisition was financed with a combination of cash and seller notes, including a convertible note. More detailed information on M&A activities, pipeline, and guidance updates will be provided in connection with scheduled quarterly and annual communications.
“H2H meets all of our operating metric objectives and the acquisition cost is within our target multiple range, In this case, the tangible technology and geospatial assets we are acquiring as part of the acquisition will likely account for a greater than usual portion of the final purchase price allocation.”
-Bruce Labovitz, Bowman’s Chief Financial Officer.
About H2H Geoscience Engineering:
H2H Geoscience Engineering, PLLC is a geologic, engineering and geospatial consulting firm located in Troy, New York, providing comprehensive consulting to the aggregate, cement and industrial mineral industries with expertise in mine planning and permitting, exploration, geospatial, hydrogeologic, geotechnical engineering, hydrographic, and environmental services to state, federal, and private sector clients throughout the US. H2H provides turnkey solutions employing the latest innovative mapping and modeling technologies to large scale mining projects from due diligence, through exploration and mine reclamation design. Our integrated team of professional geologists, engineers, environmental scientists, and mapping professionals brings unique expertise and experiences to provide high-quality, responsive, and cost-effective solutions to the largest mining industry leaders throughout the US.
About Bowman Consulting Group Ltd:
Headquartered in Reston, Virginia, Bowman is an engineering services firm delivering infrastructure solutions to customers who own, develop and maintain the built environment. With over 1,700 employees and 68 offices throughout the United States, Bowman provides a variety of planning, engineering, geospatial, construction management, commissioning, environmental consulting, land procurement, and other technical services to customers operating in a diverse set of regulated end markets. Bowman trades on the Nasdaq under the symbol BWMN
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MATERIALS,CONSTRUCTION
Caterpillar | December 16, 2022
Caterpillar Inc. (NYSE: CAT) announced today a collaboration with Luck Stone, the nation's largest family-owned and operated producer of crushed stone, sand and gravel, to deploy Caterpillar's autonomous solution to Luck Stone's Bull Run Plant in Chantilly, Virginia. This will be Caterpillar's first autonomous deployment in the aggregates industry and will expand the company's autonomous truck fleet to include the 100-ton-class (90-tonne-class) Cat® 777.
Looking to accelerate autonomous solutions beyond mining, Caterpillar will implement its existing Cat® MineStar™ Command for Hauling system at the Bull Run quarry, on a fleet of 777G trucks. This will allow Caterpillar to gain greater insights on quarry operations in order to tailor the next generation of autonomous solutions specific to quarry and aggregate applications. This project supports the acceleration of autonomous technology for operations with fewer mobile assets to allow a step change in safety and productivity, as currently experienced at large mining operations.
"Luck Stone and Caterpillar's partnership has been grounded in shared values for many years, Together we believe that safety, innovation and a commitment to people are critical, not only to propelling important projects like this, but to ensuring our focus on the future and all of the exciting possibilities technology affords our industry. Our collaboration will provide opportunities for associates to learn and grow, improve safety and result in production efficiencies. We are thrilled to partner with Caterpillar to achieve this 'first' for our industry."
-Charlie Luck, President and CEO of Luck Companies.
Caterpillar has a long-standing relationship with Luck Stone, and we look forward to working together to bring the demonstrated benefits of increased safety and productivity to the quarry industry. We're excited to get in the dirt and work alongside Luck Stone's innovative team, so we can learn how to scale our already proven mining solution for another industry, said Denise Johnson, Caterpillar Group President of Resource Industries.
The current autonomy solutions will be implemented in 2024. This project builds on Caterpillar's long history in autonomy and automation. Caterpillar is recognized as the industry leader with the world's largest fleet of autonomous haul trucks, now numbering more than 560 trucks. These trucks have traveled more than 187 million kilometers and autonomously moved more than 5.1 billion tonnes – most notably – all without a single zero lost-time injury.
About Caterpillar
With 2021 sales and revenues of $51.0 billion, Caterpillar Inc. is the world's leading manufacturer of construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. For nearly 100 years, we've been helping customers build a better, more sustainable world and are committed and contributing to a reduced-carbon future. Our innovative products and services, backed by our global dealer network, provide exceptional value that helps customers succeed. Caterpillar does business on every continent, principally operating through three primary segments – Construction Industries, Resource Industries and Energy & Transportation – and providing financing and related services through our Financial Products segment. Visit us at caterpillar.com or join the conversation on our social media channels.
About Luck Stone
Through three generations of family leadership, Luck Stone has been building strong communities for 100 years. Luck Stone, a division of Luck Companies, is the nation's largest family-owned and operated producer of crushed stone, sand and gravel. A responsive and creative partner to the construction, civil engineering and environmental industries, Luck Stone provides consistent, quality aggregate materials and services that serve as the foundation of roads, bridges and buildings.
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