CONSTRUCTION
JG Companies | July 29, 2022
JG Companies, a premium provider of construction and facilities services in Southern and Central California, has announced that it has been purchased by the ownership team of Bullseye Builders, Inc., a full-service commercial general contracting firm specializing in cutting-edge technology to generate scheduled, collaborative and quality-controlled projects.
"This acquisition signals a bright future for JG Companies as we modernize our operations and expand on our ongoing customer service excellence, We are driven by our core values and the simple love of building great projects that positively enhance local communities. We are looking forward to continuing our commitment to providing world-class construction project services to the community while we expand on our expertise to assist in building maintenance, We want everyone to know that JG Companies can not only build comprehensive, multi-site facilities, but we can also maintain them, We have the plans and the blueprints and we know our structures from the inside out. This gives us an advantage in providing ongoing upkeep and operational continuity for future tenants."
-Adam Shihadeh, owner of Bullseye Builders, Inc. and JG Companies.
JG Services Company was established in 1979 and offers commercial general contracting services throughout California and several border states along the west coast. With the acquisition, the company will become JG Companies and will feature two divisions: JG Construction and JG Facilities.
The construction division specializes in a wide variety of markets, including new construction, tenant improvements, refresh and rebranding projects, and building retrofits. Market sectors include retail, restaurants, convenience stories, manufacturing and distribution centers.
The facilities division provides comprehensive multi-site facility, electrical and construction services, and employees skilled technicians and tradesman to manage in-house maintenance assignments. JG Facilities' offerings range from specialized projects such as graffiti removal to long-term services such as on-site handyman and emergency responses.
"We are thrilled that the new ownership has committed to safeguarding the legacy of the JG brand while building on the innovative use of construction technology, modernized operations and superior customer service, We have always had an experienced team that does quality work. Our new focus will allow us to build on that excellence while incorporating new technology to improve communications, customer service and simplify our clients' facility needs."
-Wally Clark, executive vice president of JG Companies.
About JG Companies-
Since 1979, JG Companies has been a premium provider of construction and facilities services in southern and central California. The business consists of two divisions: JG Construction and JG Facilities. The construction division builds everything from new, ground-up construction to tenant improvements to multi-site rollouts. JG Companies' facilities division offers in house electrical services, LED building retrofits, in-house carpentry and provides skilled tradesmen for facility maintenance. JG is not just a construction company, we are a group of great people with a client centric focus, putting each of our clients on the forefront of every project.
Read More
CONSTRUCTION
CivilGrid | July 22, 2022
San Francisco-based startup CivilGrid is modernizing infrastructure planning with a data sharing platform unprecedented in scale and security. In the last 15 months, CivilGrid's $2.2M pre-seed fundraise propelled hiring, product development, and data acquisition initiatives, which have led to new collaborations with infrastructure owners across California.
Pacific Gas and Electric Company (PG&E), a combined gas and electric utility serving more than 16 million customers across Northern and Central California, is working with CivilGrid to share gas and electric asset locations with companies planning projects across PG&E's entire service area.
Underground data is critical, yet difficult to obtain in predictable formats or time frames. The US construction industry loses $30B each year due to utility line strikes, despite widespread use of locate and mark services. Project costs increase quickly when unexpected site conditions occur. Founder Josh Mackanic spent 14 years in the utility and construction industry navigating problems caused by gaps in built environment data. Recognizing an opportunity to improve safety and efficiency, he launched CivilGrid in 2020 as a reliable source of site intelligence for engineering and construction personnel.
CivilGrid offers a comprehensive map interface with utility locations, site hazards, geotechnical conditions, land rights, and permit constraints. The platform also identifies project conflicts or coordination opportunities by comparing work plans across infrastructure operators. Through CivilGrid, engineers, planners and project managers accelerate site evaluation, reduce dig-in risk, and optimize multiyear project portfolio plans.
CivilGrid users are planning and coordinating projects more efficiently, resulting in dramatic cost savings. One team at a telecommunications engineering services firm is reducing data acquisition and processing costs by 90% and reducing lead times from months to minutes.
San Jose Water, an investor-owned public water utility serving 1 million people in the greater San Jose area, now references CivilGrid during interagency coordination meetings to improve work sequencing in the public ROW. It is immensely useful to have the GIS layers of multiple municipalities/utilities on a GIS map all at once, explains an engineer from San Jose Water. CEO and Founder Josh Mackanic adds, CivilGrid is improving how infrastructure projects are developed, and these projects are the lifeblood of our local economies. These improvements benefit an entire ecosystem of stakeholders, from project engineers to local businesses.
Read More
CONSTRUCTION
Construction Resources | July 19, 2022
Construction Resources, LLC, (CR), a 52-year-old Atlanta-based company, has recently been acquired by an investment group, Mill Point Capital. The goal is to support the business's strategic growth plans, including geographical expansion via green fielding and acquisition in its core product categories. Over the past decade, CR has expanded its service area, product categories, and offerings to better serve its customers, and with the Mill Point partnership, will continue to focus on growth initiatives providing enhanced opportunities to CR employees across the U.S. through their legacy brands and locations.
"Our company has always believed in developing our team and fostering relationships while we provide the best possible solutions and products to our residential, multi-family, fabricator, and commercial customers. As part of International Designs Group and Mill Point Capital, we plan to continue our mission of being a loyal partner to our customers and vendors, creating job opportunities, and working with our 750 employees across 30-plus locations."
-Mitch Hires, CEO of Construction Resources.
In late 2015, Construction Resources was acquired by Monomoy Capital Partners and continued further strengthening the company's footprint and product offering. In 2019, CR acquired United Materials, Inc., helping expand its product and geographic reach. Throughout the Monomoy hold period, they have significantly expanded their construction and design influence in the southeastern part of the United States, as well as integrated and professionalized the business.
Through growth and expansion, CR has always maintained its brand legacy and relationship value with its associates and customers and plans to continue operating under the same model. While the Company has grown over the years, its leadership team and focus have been consistent. CR is pleased to report its entire Senior Leadership Team will be moving forward with Mill Point post transaction.
"Mitch and his team have built a special platform in Construction Resources. The growth opportunities in front of the Company are exceptional, and we are thrilled to be bringing CR into the International Designs family, We've been extremely impressed by the entire CR team, and the excellent foundation they have built. We're excited to partner with Mitch and the rest of the CR team to continue growing the International Designs platform and pursuing the numerous opportunities ahead."
-Rick Bennet, Executive Partner and Executive Chairman of the Board, Mill Point.
About Construction Resources-
For 50+ years, CR has provided residential and commercial builders and remodelers, as well as homeowners, with a one-stop shop for their surface, appliance, and architectural specialty needs. Construction Resources offers an array of high-quality proprietary and sought-after blue-chip brands for builders and homeowners. The company is headquartered in Atlanta, Georgia, with showrooms, surface galleries, and design centers located regionally. For more information, please visit www.constructionresourcesusa.com.
About Mill Point Capital-
Mill Point Capital LLC is a private equity firm focused on control investments in middle market companies in North America across the business services, IT services, and industrial sectors. Mill Point's experienced team of investors and Executive Partners seek portfolio company value enhancement through rigorous implementation of transformative strategic initiatives and operational improvements.
Read More