Granite | November 22, 2022
Granite (NYSE:GVA) announced today that it has been selected as the Construction Manager/General Contractor (CMGC) for the Albion River Bridge Replacement/Rehabilitation project. Located near Albion, California, the project will be delivered using the CM/GC method, which includes the contractor early in the design process to incorporate the contractor’s perspective in the planning process. This method provides more opportunities for innovation and efficiency than traditional project delivery methods. The construction portion of the project is anticipated to be valued in a range of $50 million to $85 million and awarded in 2026.
The current Albion River Bridge is a wooden-deck truss bridge that carries Highway 1 across the Albion River near the coast in Mendocino County, California. Built in 1944, wood was used for large portions of the bridge because of WWII steel and concrete shortages. At 26 feet wide, the 970-foot span does not meet modern safety standards for width and the steel truss across the center section has become significantly corroded and does not meet safety standards for critical components.
Despite the functional limitations of the existing bridge, it is a beloved local landmark and unique for being the only remaining wooden truss bridge on Highway 1. There are many alternatives, including rehabilitation and a “no build” alternative, that need to be studied and obtaining local community engagement is critical to identifying the most sustainable solution. Granite’s team will support the Caltrans Delivery Team with additional expertise, creating an integrated project delivery team to deliver a successful project.
“The selection of Granite for this CMGC project demonstrates that clients appreciate our ability to work shoulder to shoulder with planning, environmental, and design experts to deliver the best solution for a community, Our team used local knowledge, innovations from around the company, and nationwide CMGC experience to deliver an exceptional proposal to provide maximum value to Caltrans at every stage of the project.”
-Bill McGowan, Alternative Delivery Project Manager and Vice President Granite.
Granite is America’s Infrastructure Company™. Incorporated since 1922, Granite (NYSE:GVA) is one of the largest diversified construction and construction materials companies in the United States as well as a full-suite civil construction provider. Granite’s Code of Conduct and strong Core Values guide the Company and its employees to uphold the highest ethical standards. Granite is an industry leader in safety and an award-winning firm in quality and sustainability.
H&E Equipment Services | September 20, 2022
H&E Equipment Services, Inc. (“H&E” or the “Company”) (NASDAQ: HEES) today announced the signing of a definitive agreement to acquire One Source Equipment Rental, Inc. (“One Source”), a provider of non-residential construction and industrial equipment with operations in the Midwest and Southern U.S. One Source, which is employee owned, operates 10 branches, including three locations in each of Illinois and Indiana, two locations in Tennessee and one in each of Kentucky and Alabama. Under the terms of the definitive agreement, H&E is expected to pay $130 million in cash for One Source, before customary adjustments. The transaction is expected to close during the fourth quarter of 2022, following regulatory clearance and the completion of other customary closing conditions.
“For more than 20 years, One Source has emphasized a culture where equipment reliability and customer support and satisfaction are vital features for success, resulting in an equipment rental operation with strong consumer loyalty throughout its branch network. These important attributes, which are underscored by a dedicated base of employee owners, offer an exceptional cultural fit with H&E. Also, the transaction will expand our geographic footprint into the Midwest with operations in Illinois and Indiana, as well as operations in Kentucky. Finally, the demonstrated success of our accelerated warm start plan, with 15 warm start and greenfield locations established since early 2021, will prove beneficial as we evaluate post-integration growth opportunities in the Midwest and other surrounding regions with attractive prospects for expansion.”
-Brad Barber, Chief Executive Officer of H&E Equipment Services.
Over the last twelve months ended July 31, 2022, One Source has generated revenues of approximately $59 million with a fleet size, as measured by original equipment cost (OEC), of approximately $138 million. One Source’s fleet consists primarily of aerial work platforms, material handling equipment and other general equipment lines.
About H&E Equipment Services, Inc:
Founded in 1961, H&E Equipment Services, Inc. is one of the largest rental equipment companies in the nation. The Company’s fleet is among the industry’s youngest and most versatile with a superior equipment mix comprised of aerial work platforms, earthmoving, material handling, and other general and specialty lines. H&E serves a diverse set of end markets in many high-growth geographies including branches throughout the Pacific Northwest, West Coast, Intermountain, Southwest, Gulf Coast States, Southeast, Midwest, and Mid-Atlantic regions.
ENGINEERING TECH, CONSTRUCTION
Newcomp Analytics | September 13, 2022
Converge Technology Solutions Corp. ("Converge" or "the Company") (TSX: CTS) (FSE: 0ZB) ( OTCQX: CTSDF) a software-enabled IT & Cloud Solutions provider, is pleased to announce it has acquired Canada-based Newcomp Analytics, an analytics centered organization focused on helping businesses transform and grow in today's digital world.
Headquartered in Toronto, and serving hundreds of clients across Canada, US and the Caribbean, Newcomp Analytics assists organizations in building a map to deeper analytics while providing teams with the tools they need to tackle big data projects with confidence. Newcomp Analytics has engaged in significant deployments with businesses across 15+ industries, including government, banking, education, healthcare, financial services, retail, and the public sector. The company offers advisory and development services, along with managed analytics and analytic bootcamps. Newcomp Analytics solution offerings include AI & Machine Learning, Data Engineering, BI & Data Visualization, Financial Planning & Analytics, and Cloud.
"Newcomp Analytics is very excited to be welcomed into the Converge family, allowing us to bring our modern data analytics expertise to the global marketplace. Converge's broad technology partnerships and strong client base present a significant opportunity for our team to continue our journey as a trusted analytics advisor to clients across all industries."
-Michael Langton, President of Newcomp Analytics.
Converge is excited to expand our advanced analytics portfolio and offerings with the addition of Newcomp Analytics, stated Greg Berard, President and North American CEO of Converge. Newcomp Analytics will greatly enhance Converge's ability to help our clients become even more insight-driven and dive deeper into understanding and analyzing their data. Their technical expertise and years of experience will help us drive more value in Canada with our clients and give us more depth and breadth across our North American analytics organization.
Newcomp Analytics marks the thirty-fourth acquisition announced by Converge or its affiliates since October 2017. Converge's family of companies also includes Corus Group, LLC; Northern Micro, Inc.; 10084182 Canada Inc. operating as Becker-Carroll; Key Information Systems, Inc.; BlueChip Tek, Inc.; Lighthouse Computer Systems, Inc.; Software Information Systems LLC.; Nordisk Systems, Inc.; Essex Technology Group, Inc.; Datatrend Technologies, Inc.; VSS, LLC; Solutions PCD, Inc.; Unique Digital, Inc.; Workgroup Connections, Inc.; Vivvo Application Studios LTD.; Vicom Computer Services, Inc.; CarpeDatum LLC; Accudata Systems, Inc.; Dasher Technologies, Inc.; ExactlyIT, Inc.; REDNET GmbH; Vicom Infinity, Inc.; Infinity Systems Software, Inc.; LPA Software Solutions, LLC; OPIN Digital, Inc; Paragon Development Systems, Inc.; Visucom GmbH; 1CRM Systems Corp.; Interdynamix Systems; Creative Breakthroughs, Inc.; PC Specialists, Inc. d/b/a Technology Integration Group; GfdB, ImfB, and DEQSTER; and Notarius.
About Newcomp Analytics:
Headquartered in Toronto, Canada Newcomp Analytics is an analytics-driven organization focused on providing solutions specific to business needs by creating an analytics roadmap to long-term success. With hundreds of deployments across 15+ industries, Newcomp Analytics helps reduce the complexity of big data and provide organizations with the tools needed to tackle projects with confidence. Newcomp Analytics' services and solutions build a map to deeper analytics and allow organizations to become insight-driven with strong analytical capabilities.
Converge Technology Solutions Corp. is a software-enabled IT & Cloud Solutions provider focused on delivering industry-leading solutions and services. Converge's global solution approach delivers advanced analytics, application modernization, cloud platforms, cybersecurity, digital infrastructure, and digital workplace offerings to clients across various industries. The Company supports these solutions with advisory, implementation, and managed services expertise across all major IT vendors in the marketplace. This multi-faceted approach enables Converge to address the unique business and technology requirements for all clients in the public and private sectors.