Dwyer Group of Companies | July 06, 2022
Arcline Investment Management (Arcline), today announced that it has completed the acquisition of Omega Engineering Inc. (Omega or the Company) from Spectris plc (LSE: SXS). Omega is a leading provider of sensing, control, and monitoring technologies and has joined the Dwyer Group of companies (Dwyer), an Arcline portfolio company.
Founded in 1962, Omega is an established global leader in the technical marketplace, offering more than 100,000 state-of-the-art products for measurement and control of temperature, humidity, pressure, strain, force, flow, level, pH, and conductivity. Omega also offers a complete line of data acquisition, heating, and custom-engineered products. Omega's business is fully integrated, with in-house design and engineering, manufacturing, and distribution capabilities facilitating made-to-order products at attractive lead times, positioning the Company as a technology partner of choice to process engineers worldwide.
As a global leader in sensing and instrumentation technologies, Omega is a logical, complementary addition to the Dwyer Group of companies, Arcline commented. Omega brings temperature sensing technology leadership as well as an innovative set of IIOT solutions, which have wide-ranging applications for Dwyer Group's existing sensing and instrumentation portfolio. Together, the combined businesses offer customers the broadest portfolio of highly configurable temperature, pressure, flow, and level solutions for critical environment and automation applications.
EC M&A served as financial advisor to Arcline.
About the Dwyer Group of Companies-
The Dwyer Group of companies consists of a series of companies and brands including Dwyer Instruments, Love Controls, Mercoid, WE Anderson, Proximity and UFM. Dwyer is a global leader in the design and manufacture of innovative sensors and instrumentation solutions for the IEQ, building automation, process and environmental markets. Founded in 1931, Dwyer is headquartered in Michigan City, Indiana, and has additional offices in Asia, Europe and Australia. To learn more about Dwyer Instruments, visit www.dwyer-inst.com.
About Arcline Investment Management-
Arcline Investment Management is a growth-oriented private equity firm with $4.4 billion in cumulative capital commitments. Arcline seeks to invest in technology-driven, meaningful to the world industrial businesses that enable a better future.
DAY & ZIMMERMANN | July 12, 2022
Day & Zimmermann (D&Z), the century-old, family-owned provider of construction, engineering, maintenance, staffing, and defense solutions for leading corporations and governments around the world, announced today that Dominion Energy (Dominion) has selected its Maintenance and Construction business unit as its open shop maintenance and modifications provider at North Anna, Surry, and V.C. Summer power stations. The agreement extends a 42-year-old alliance with Dominion through 2025 with the option to renew for another two years.
As part of this agreement, D&Z will continue providing its industry-leading maintenance services, including outage and on-line electrical, welding and piping, scaffolding, insulation, and painting scopes.
"It's both exciting and humbling to extend our long-term alliance with Dominion Energy, For the past 42 years, we've been able to apply our maintenance and construction expertise in ways that have helped multiple Dominion power stations achieve and sustain excellence in safety, quality, and plant performance. This extended partnership validates our company's commitment to finding innovative solutions for our clients' evolving needs, and we're excited to continue working together now and in the future."
-Ross McConnell, President of D&Z's Maintenance and Construction open shop operations.
Day & Zimmermann Maintenance and Construction helps plant owners in the nuclear power, chemical, and industrial markets lower their total cost of ownership by delivering innovative maintenance and construction services and solutions. The business unit did not experience a single OSHA recordable injury in 2020 or 2021.
"For decades, Day & Zimmermann has helped our plants perform to exemplary standards of safety and reliability. As a result, we've been able to consistently provide reliable, affordable, clean energy to our customers, who count on us every day for their energy needs, We'd like to thank Day & Zimmermann for their continued support and are excited to extend this partnership."
-Dan Stoddard, Senior Vice President and Chief Nuclear Officer Dominion Energy.
ABOUT DAY & ZIMMERMANN-
When you've been around for more than a century, you know a thing or two. At Day & Zimmermann, we take our lifetime of experience and make things better. Our 51,000+ employees help bring big ideas to life every day. We're pushing the boundaries of innovation in construction & engineering, operations & maintenance, staffing, and security & defense. And that's not all. Did we mention that we have 150+ worldwide locations with $2.7 billion USD in annual revenue? We put people to work, we protect American freedoms, and we help our customers power and improve the world. We do what we say®.
Oracle | July 20, 2022
Engineering and construction organizations struggle to unlock data across applications to effectively diagnose problems, predict risks, and inform future actions. To address this challenge, Oracle today announced Oracle Construction Intelligence Cloud Analytics. The new solution combines data from Oracle Smart Construction Platform applications to give owners and contractors a comprehensive understanding of performance throughout their operations. With this insight, organizations can quickly spot and correct issues and target ways to drive continuous improvement across project planning, construction, and asset operation.
"You can't manage what you can't measure, The new Oracle Construction Intelligence Cloud Analytics offering combined with the Smart Construction Platform's predictive intelligence engine and common data environment, gives our customers a deeper, holistic understanding of their performance. Now they can build unique data strategies that drive competitive differentiation. This is how the construction industry will get to six sigma precision like its industrial and manufacturing counterparts."
-Roz Buick, senior vice president of product, strategy, and marketing for Oracle Construction and Engineering.
The Smart Construction Platform unites capabilities from Oracle engineering and construction applications and third-party solutions with a common data environment and user experience. With the platform, owners and contractors can more easily work together to improve decision-making at every level of their organizations. The new analytics solution and other platform enhancements were unveiled today at the Oracle Industry Lab in Deerfield, Illinois.
We are increasingly focused on finding new and better ways to leverage our data to gain further insights into project performance and risk, said Brian Neal, project manager, Rudolph Libbe Inc. Connecting and blending data for analysis will provide the broadest and deepest view into our operations, helping us to understand trends across our business and identify ways to keep improving how we deliver projects for our customers.
Smart Construction Platform: Unifying people, processes, and data:
The Smart Construction Platform brings together the core applications, processes, and data that owners and contractors need to work together across project and asset lifecycles. These include portfolio planning, bid/tender processes, contracts, schedules, project documents and building information model (BIM) collaboration, field tasks, costs, and payments. With the new unified experience, common data environment, and cross-application interoperability, users can easily move between applications and data sets while working within a single project. By synchronizing activities, resources, and data as each project and asset progresses, the platform helps ensure teams across disciplines are always working toward the same goal, with the same information.
For instance, the platform's scheduling and project management capabilities synchronize planning and worksite teams around a master plan, giving both visibility into a unified schedule and the task data needed to do the right work in the right place at the right time. So, if an HVAC installation should change because of a supply chain issue, the project manager will automatically receive the updated schedule information and can coordinate any needed adjustments across all impacted teams.
Likewise, the platform gives capital planners accurate, timely data on project forecasts so they can align with managers on budget requirements and adjust as strategic priorities change. For example, inflation doubles the costs of a required set of materials on a project. The project manager can push those new actuals and forecast up to the planner who can perform just-in-time changes to the portfolio, possibly pulling funds from a less important project, or putting a project on hold.
And as the platform continually learns and gets smarter using machine learning technologies, it will take these past actions into consideration to flag potential risks and guide more informed decision making in the future. These are just a few of the many connected experiences the platform can deliver by:
Providing up-to-date schedule data to project managers so they can keep teams aligned to planned delivery dates and other schedule requirements
Uniting planning (CPM schedule) with worksite teams (task schedule) to minimize wasted time and resources
Letting capital planning and project execution teams exchange budget and actual cost data, enabling both teams to confidently adjust as work progresses
Automatically storing completed bid/tender packages as well as approved invoices and other payment materials in organizations' document registers
Giving all stakeholders visibility to collectively track progress, identify and mitigate risks, and efficiently manage change across the entire supply chain
"Oracle has helped us improve coordination, visibility, and control during project development, The ability to further connect our teams, processes, and data across applications and all project phases will increase efficiency while providing our people with the information needed to readily manage change as we work to deliver critical energy assets."
-Weronika Nowak, document control and IT manager for Mayflower Wind.
About Oracle Construction and Engineering:
Asset owners and project delivery teams rely on Oracle Construction and Engineering solutions for the visibility and control, connected supply chain, and data security needed to drive performance and mitigate risk across their processes, projects, and organization. Our scalable cloud construction management software solutions enable digital transformation for teams that plan, build, and operate critical assets, improving efficiency, collaboration, and change control across the project lifecycle. www.oracle.com/construction-and-engineering.