CONSTRUCTION

ABC and Procore Announce Partnership to Provide Construction Management Solutions for ABC Members

ABC | September 13, 2021

Associated Builders and Contractors and Procore Technologies, Inc, a leading provider of construction management software, announced a partnership that provides ABC chapters and members exclusive discounted pricing on their new purchases of Procore products and services“Many of our members are eager to boost their technology portfolio to enhance profitability, safety and efficiency, and this partnership can help our members achieve their goals,” said Matt Abeles, ABC vice president of construction technology and innovation. “Procore is already a valued ABC Tech Alliance member and part of our Tech Marketplace, and I believe that they will be a constructive business partner for our 21,000-member companies because of their many industry-leading project management solutions.”

“Procore’s vision is to improve the lives of everyone in construction, and we are honored to partner with ABC to expand access to our platform and services to all their members,” said Kristopher Lengieza, vice president of global partnerships & alliances at Procore. “We are committed to providing the construction industry with technology and partnership to build smarter.”

Procore’s platform connects entire project teams from the office to the field and across companies, providing one place to work together to do what they do best—build. Procore helps increase productivity and efficiency, reduce rework and costly delays and improve safety, compliance, financial transparency and accountability.

Procore has been involved with ABC in a number of strategic initiatives since 2016, and is a member of the ABC Tech Alliance and ABC Tech Marketplace.

About ABC
Associated Builders and Contractors is a national construction industry trade association established in 1950 that represents more than 21,000 members. Founded on the merit shop philosophy, ABC and its 69 chapters help members develop people, win work and deliver that work safely, ethically and profitably for the betterment of the communities in which ABC and its members work.

About Procore
Procore is a leading provider of construction management software. Over 1 million projects and more than $1 trillion USD in construction volume have run on Procore's platform. Procore’s platform connects key project stakeholders to solutions Procore has built specifically for the construction industry—for the owner, the general contractor, and the specialty contractor. Procore's App Marketplace has a multitude of partner solutions that integrate seamlessly with Procore’s platform, giving construction professionals the freedom to connect with what works best for them. Headquartered in Carpinteria, California, Procore has offices around the globe.

Spotlight

Civil engineers are some of the most highly sought-after professionals of any engineering field. The US currently has approximately 274,000 civil engineering jobs available, compared to 264,000 for mechanical engineering and 229,000 for industrial engineering. Within the civil engineering field, about 10 percent of engineers are employed in architectural engineering and related capacities.

Spotlight

Civil engineers are some of the most highly sought-after professionals of any engineering field. The US currently has approximately 274,000 civil engineering jobs available, compared to 264,000 for mechanical engineering and 229,000 for industrial engineering. Within the civil engineering field, about 10 percent of engineers are employed in architectural engineering and related capacities.

Related News

ENGINEERING TECH

Touchplan and Cianbro Extend Enterprise Relationship

Touchplan | March 02, 2022

Touchplan, an award-winning collaborative construction planning software platform that helps make construction project outcomes more predictable and profitable, and Cianbro recently entered into an enterprise-wide agreement for a third consecutive year. The agreement provides the Maine-based construction firm and their selected subcontractor partners unlimited use of Touchplan's intuitive daily planning software on all construction projects within the Building group. Along with collaboration capabilities that link the master schedule to the daily plan anywhere and anytime, Touchplan will provide unique jobsite data and analytics across all Cianbro projects via its planning software platform and through the development of its API capabilities to increase overall project efficiency for one of the nation's largest and most diverse, employee-owned construction firms. Presently operating in more than 40 states and employing over 4,000 team members, Cianbro provides preconstruction, general contracting, design-build and construction management services. The company also has the in-house resources to self-perform several trades, including civil, structural, mechanical, electrical, instrumentation, telecommunications, thermal, fabrication, and coating. Ranked #88 on Engineering News-Record's (ENR) 2021 The Top 400 Contractors, Cianbro is best known for managing major construction projects, its self-performing capabilities and hands-on construction techniques. "At Cianbro, our team of professionals is committed to safely delivering projects on schedule and within budget, Improving collaboration in the field is critical, which is why we continue to invest in construction planning software such as Touchplan, allowing us to effectively plan projects with more certainty, regularly lower risk, and deliver the highest quality projects for our owners." -Bruce Cummings, General Manager at Cianbro. Touchplan's innovative daily project planning and analytics platform is trusted by more than 46,000 design and construction professionals around the world. To date, more than 3,300 project teams have used Touchplan successfully to optimize the delivery of over $55.4 billion in construction. "Touchplan combines easy-to-use software with data that can be updated instantly, allowing construction teams to collaborate effectively, resulting in more predictable and profitable projects, We are thrilled to extend our partnership with Cianbro as they continue to enhance their construction operations. Selecting Touchplan as their construction planning software of choice for a third year shows their enterprise-wide confidence in our ability to improve the outcomes on every project." -Jimmy Suppelsa, Chief Revenue Officer for Touchplan. About Cianbro Founded in 1949, Cianbro is one of the United States' largest open shop, 100% employee-owned construction and construction services companies. Presently operating in more than 40 states and employing over 4,000 team members, Cianbro serves several diverse markets, including Building; Industrial & Manufacturing; Infrastructure; and, Power & Energy. Learn more at cianbro.com. About Touchplan Touchplan is a leading daily construction planning software that makes project outcomes more predictable and profitable. It strives to deliver approachable, progressive jobsite data and analytics solutions that transform construction into a more collaborative, transparent, and predictable process for everyone involved. Touchplan is committed to its belief that learning from data is the key to rapid recovery from project variances and improving both project certainty and profitability. Touchplan is the software division of privately held MOCA Systems, Inc. Learn more about Touchplan at touchplan.io.

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MARKET

Bowman Expands Survey, Geomatics and Civil Engineering Practice Through Acquisition of 1519 Surveying, LLC

Bowman Consulting Group Ltd. | December 27, 2021

Bowman Consulting Group Ltd. (the “Company” or “Bowman”) (NASDAQ: BWMN), announced the acquisition of 1519 Surveying, LLC (“1519”). Established in 1974 and headquartered in Waco, Texas, 1519 delivers a variety of engineering and survey solutions to a diverse base of private and public clients. Services include land surveying, aerial imaging, GIS mapping, 3-D laser scanning and civil engineering. Under the continuing leadership of Aaron McMillan and David Dossey, 1519’s staff of 35+ professionals work from Waco and Fort Worth offices for clients focused on renewable energy, public works, oil and gas and land development. "With 1519, Bowman adds tremendous depth in the Texas surveying, engineering and geomatics markets, The 1519 team is an impressive group with a solid command of their markets and an appetite for growth that aligns well with Bowman’s strategy. 1519 is a recognized leader in serving the energy transition market with broad experience in large scale wind farms and utility scale photovoltaic facilities. The firm’s experience with the Texas DOT fits well with our commitment to growing our transportation and infrastructure business. When it comes to oil and gas clients, the professionals at 1519 are highly experienced in providing services to the upstream and midstream petrochemical industry. We’re excited to begin working together and integrating the 1519 team into Bowman’s national network.” -Gary Bowman, CEO of Bowman. Bowman is a perfect fit for us,” said Aaron McMillon, president of 1519. “We have always valued growth but have been constrained in our ability to truly accelerate our business expansion. That all changes now that we are a part of Bowman. We are all-in with the Bowman story and are pleased that their leadership recognizes the potential we contribute for growth both in our existing markets and throughout Bowman. Our common commitment to the core values of innovation, safety and customer first were a big part of our decision to join with Bowman. The acquisition, which the Company expects to be immediately accretive, was financed with a combination of cash, seller financing, and stock. The Company expects the 1519 acquisition to initially contribute more than $5.5 million of annualized net service billing. This is our sixth acquisition since going public in May, our seventh for the year, said Bruce Labovitz, Bowman’s CFO. This brings our annualized acquired revenue in 2021 to over $30 million. As with prior acquisitions, the 1519 transaction is within our target multiple range and it meets all of our objectives for operating performance metrics. As is our practice, we will provide more detailed information on M&A activities and pipeline in connection with scheduled quarterly communications. About 1519 Surveying, LLC 1519 Surveying, LLC (1519) is a professional services firm focused on providing exceptional service while meeting the highest industry safety standards. The company has been serving the renewable energy market, oil and gas clients, and municipalities and state agencies throughout Texas for more than 40 years. The company specializes in services that include land surveying, civil engineering, aerial services, geographic information systems (GIS) solutions, and 3D laser scanning. Additional information on 1519, its team, and its projects can be found at www.1519llc.com. About Bowman Consulting Group Ltd. Headquartered in Reston, Virginia, Bowman is an engineering services firm delivering innovative infrastructure solutions to customers who own, develop, and maintain the built environment. With 950 employees and more than 35 offices throughout the United Sates, Bowman provides a variety of planning, engineering, construction management, commissioning, environmental consulting, geomatics, survey, land procurement and other technical services to customers operating in a diverse set of regulated end markets. On May 11, 2021, Bowman completed its $51.7 million initial public offering and began trading on the Nasdaq under the symbol BWMN. For more information, visit www.bowman.com.

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ENGINEERING TECH

Building Industry Partners Forms New Specialty Building Product in Partnership With Building Products Manufacturing Industry Veteran Ted Rock

Building Industry Partners | September 01, 2021

Building Industry Partners LLC (“BIP”), the leading building industry-focused private equity investment firm, has formed a new specialty building products component manufacturing platform in partnership with building industry veteran Ted Rock – North American Specialty Laminations (“American Laminations”). BIP and Mr. Rock formed American Laminations to build a best-in-class, people-first component profile wrapping and specialty manufacturing organization. Concurrent with its formation, American Laminations made its inaugural investment, the acquisition of the assets of SourceCut Industries, Inc. in partnership with SourceCut’s existing owners and management team. Founded in 1999, SourceCut Industries, Inc. (“SourceCut”) is a fast-growing manufacturer of laminated, composite and wood components serving the residential and commercial Window & Door, Cabinet & Casegood, Architectural Millwork, Furniture and Fixture/Display Industries. This partnership and investment in SourceCut will help bring to life the Wiedenhoeft family’s vision for the business – investing in human and capital resources to bolster service of existing and new customers and position the business for significant organic and acquisition-related expansion. Brad Wiedenhoeft, founder of SourceCut, continues with American Laminations as Chief Revenue Officer. Zach Wiedenhoeft continues in his current role of President, with responsibility for the day-to-day operations of the facilities in Osseo, Wisconsin. Both Brad and Zach Wiedenhoeft will support Mr. Rock who will serve as Chief Executive Officer of North American Specialty Laminations. SourceCut Industries, Inc. will retain their business’ name. Matt Ogden, Founder & Managing Partner of BIP, said, “We’re excited to kick off our new specialty component manufacturing platform with SourceCut as our foundation, and are looking forward to working alongside the Wiedenhoeft family to build on all they have achieved. We’re also introducing a proven, growth-minded manufacturing leader in Ted Rock, growth capital, and a commitment to driving enhanced results for our employees, customers, and business operations overall. Mr. Ogden also noted, “North American Specialty Laminations is BIP’s second new platform under our people-first purpose. BIP renewed its purpose to drive a new standard in its investing that better aligns shareholder, management and employee interests, and prioritizes human capital management as a strategic pillar to building better businesses, generating better investment returns, and helping employees actualize their career goals. Brad Wiedenhoeft, the founder of SourceCut, commented “BIP’s commitment to SourceCut’s people was an intriguing factor in pursuing this partnership. BIP’s relationships, talent resources, and capital investment will allow us to continue our strategic growth plan – providing our customers excellent service levels with quality products. Most importantly, enhancing our pursuit to provide our employees best in class opportunities. I’m very excited about the positive impact this partnership will have for our great employees, and for our customers who trust us with their business.” Ted Rock joins as Chief Executive Officer of North American Specialty Laminations, drawing on his 15+ years of experience with market-leading building products manufacturing companies, and successful track record of growing private equity-backed organizations. Mr. Rock will lead the company’s future growth, including an ambitious plan to expand the platform’s footprint. He most recently served as Chief Executive Officer of Panoramic Doors, Senior Vice President of PGT Innovations, and as Chief Operating Officer of Atrium Windows and Doors. Pat Mascia, Partner & Head of Strategic Development for BIP, said, “We are grateful for the opportunity to partner with a talented and experienced leader like Ted Rock - his unique experience across Private Equity, Specialty Manufacturing, and the Window and Door segment make him especially qualified to lead American Laminations. We are honored to be working alongside Mr. Rock and the Wiedenhoeft family to build on the success they have each achieved individually, and to bring our collective experiences, skills, and resources together to drive a game-changing platform.” Ted Rock commented, “It has been a pleasure to get to know the Wiedenhoeft family, and a privilege to be entrusted to lead this platform alongside them. I am delighted by the opportunity to partner with BIP, a firm that I have admired both for their investment track record and for their explicit commitment to the employees of BIP portfolio companies. This is a fantastic opportunity for me and for SourceCut, and I’m looking forward to being a contributor to BIP’s ‘Do Good and Do Well’ mission.” Two BIP Operating Partners – Peter Stroble and Chris Kliefoth – will be joining the Board of North American Specialty Laminations as Directors. Mr. Stroble previously held roles as Chief Strategy Officer, Chief Operating Officer, and Chief Financial Officer of Alta Forest Products, North America's largest manufacturer of fence boards, as well as President of Alta's predecessor, Welco Lumber Company. Mr. Kliefoth is a Wisconsin native, with deep experience in private equity, manufacturing, and leadership – including 15+ years as President of Nationwide Industries. Partners involved in this opportunity were Holland & Knight LLC and Fifth Third Bank. Intrinsic LLC, CBIZ Insurance Services, Inc., DSG Benefits Group, and ATEC were also instrumental. Building Industry Partners (“BIP”) Forms New Specialty Building Products Component Manufacturing Platform, North American Specialty Laminations (“American Laminations”), in Partnership With Building Products Manufacturing Industry Veteran Ted Rock American Laminations seeks to build a best-in-class component profile wrapping and specialty manufacturing organization to better serve the building products industry. The Company will engage people-first business practices and broad-based employee ownership as part of BIP’s mission to better align collective shareholder, management & employee interests, elevate workforce prosperity, and drive enhanced organizational performance in its portfolio companies. American Specialty Laminations makes its inaugural investment via the acquisition of the assets of SourceCut Industries Inc. (based in Osseo, Wisconsin), in partnership with Ted Rock, Brad and Zach Wiedenhoeft, and the business’ managers and workforce. August 30, 2021 10:20 PM Eastern Daylight Time OSSEO, Wis.--(BUSINESS WIRE)--Building Industry Partners LLC (“BIP”), the leading building industry-focused private equity investment firm, has formed a new specialty building products component manufacturing platform in partnership with building industry veteran Ted Rock – North American Specialty Laminations (“American Laminations”). BIP and Mr. Rock formed American Laminations to build a best-in-class, people-first component profile wrapping and specialty manufacturing organization. Concurrent with its formation, American Laminations made its inaugural investment, the acquisition of the assets of SourceCut Industries, Inc. in partnership with SourceCut’s existing owners and management team. Founded in 1999, SourceCut Industries, Inc. (“SourceCut”) is a fast-growing manufacturer of laminated, composite and wood components serving the residential and commercial Window & Door, Cabinet & Casegood, Architectural Millwork, Furniture and Fixture/Display Industries. This partnership and investment in SourceCut will help bring to life the Wiedenhoeft family’s vision for the business – investing in human and capital resources to bolster service of existing and new customers and position the business for significant organic and acquisition-related expansion. Brad Wiedenhoeft, founder of SourceCut, continues with American Laminations as Chief Revenue Officer. Zach Wiedenhoeft continues in his current role of President, with responsibility for the day-to-day operations of the facilities in Osseo, Wisconsin. Both Brad and Zach Wiedenhoeft will support Mr. Rock who will serve as Chief Executive Officer of North American Specialty Laminations. SourceCut Industries, Inc. will retain their business’ name. Matt Ogden, Founder & Managing Partner of BIP, said, “We’re excited to kick off our new specialty component manufacturing platform with SourceCut as our foundation, and are looking forward to working alongside the Wiedenhoeft family to build on all they have achieved. We’re also introducing a proven, growth-minded manufacturing leader in Ted Rock, growth capital, and a commitment to driving enhanced results for our employees, customers, and business operations overall. Mr. Ogden also noted, “North American Specialty Laminations is BIP’s second new platform under our people-first purpose. BIP renewed its purpose to drive a new standard in its investing that better aligns shareholder, management and employee interests, and prioritizes human capital management as a strategic pillar to building better businesses, generating better investment returns, and helping employees actualize their career goals. Brad Wiedenhoeft, the founder of SourceCut, commented “BIP’s commitment to SourceCut’s people was an intriguing factor in pursuing this partnership. BIP’s relationships, talent resources, and capital investment will allow us to continue our strategic growth plan – providing our customers excellent service levels with quality products. Most importantly, enhancing our pursuit to provide our employees best in class opportunities. I’m very excited about the positive impact this partnership will have for our great employees, and for our customers who trust us with their business.” Ted Rock joins as Chief Executive Officer of North American Specialty Laminations, drawing on his 15+ years of experience with market-leading building products manufacturing companies, and successful track record of growing private equity-backed organizations. Mr. Rock will lead the company’s future growth, including an ambitious plan to expand the platform’s footprint. He most recently served as Chief Executive Officer of Panoramic Doors, Senior Vice President of PGT Innovations, and as Chief Operating Officer of Atrium Windows and Doors. Pat Mascia, Partner & Head of Strategic Development for BIP, said, “We are grateful for the opportunity to partner with a talented and experienced leader like Ted Rock - his unique experience across Private Equity, Specialty Manufacturing, and the Window and Door segment make him especially qualified to lead American Laminations. We are honored to be working alongside Mr. Rock and the Wiedenhoeft family to build on the success they have each achieved individually, and to bring our collective experiences, skills, and resources together to drive a game-changing platform.” Ted Rock commented, “It has been a pleasure to get to know the Wiedenhoeft family, and a privilege to be entrusted to lead this platform alongside them. I am delighted by the opportunity to partner with BIP, a firm that I have admired both for their investment track record and for their explicit commitment to the employees of BIP portfolio companies. This is a fantastic opportunity for me and for SourceCut, and I’m looking forward to being a contributor to BIP’s ‘Do Good and Do Well’ mission.” Two BIP Operating Partners – Peter Stroble and Chris Kliefoth – will be joining the Board of North American Specialty Laminations as Directors. Mr. Stroble previously held roles as Chief Strategy Officer, Chief Operating Officer, and Chief Financial Officer of Alta Forest Products, North America's largest manufacturer of fence boards, as well as President of Alta's predecessor, Welco Lumber Company. Mr. Kliefoth is a Wisconsin native, with deep experience in private equity, manufacturing, and leadership – including 15+ years as President of Nationwide Industries. Partners involved in this opportunity were Holland & Knight LLC and Fifth Third Bank. Intrinsic LLC, CBIZ Insurance Services, Inc., DSG Benefits Group, and ATEC were also instrumental. About Building Industry Partners Building Industry Partners (“BIP”) is the leading private equity investment firm focused on the U.S. building industry. Founded by Matt Ogden in 2008, BIP is headquartered in Boston, with partners across the U.S. The firm is led by Matt and Partners Pat Mascia, Pete Robinson, and Stu Kliman and supported by the firm’s Operating Partners. BIP invests its Partners’ own capital, as well as that of a number of strategic, like-minded investors, including business leaders and family offices affiliated with the U.S. building industry.

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