GAF | August 03, 2022
Phase Change Solutions (PCS), a leading smart materials company, today announced a strategic partnership with GAF, a Standard Industries company and North America's largest roofing and waterproofing manufacturer, for developing and commercializing advanced materials for thermal management. The partnership includes integration of PCS' core technology platform, BioPCM®, with relevant GAF products in the building and construction markets.
PCS' unique BioPCM® solution products, which are designed to absorb and release thermal energy at precise temperatures, enable customers to reduce their carbon footprint and reduce stress on HVAC systems in buildings, data centers and telecom shelters, as well as enable temperature control of pharmaceuticals and food products during transportation.
GAF's 2030 planet goals include extensive plans to reduce operational carbon in buildings and communities through its products, services and expertise. Advanced technologies like phase change materials are key to achieving these goals while offering sustainable and durable solutions to its customers.
Both companies have initiated work plans to collaborate and integrate their respective technologies to drive energy efficiency across the built environment. In addition, GAF was the lead investor in PCS' most recent series C funding round, which included Emerald Technology Ventures, Circulate Capital, Third Prime, GC Ventures America and others.
"Partnering with innovative and agile companies like Phase Change Solutions is part of our strategic growth and innovation plan, Integrating technologies like Phase Change Solutions will give us the ability to provide our customers with energy-efficient decarbonization solutions while continuing to deliver the trusted performance they have come to expect from GAF."
-Jim Schnepper, CEO of GAF.
Commenting on the collaboration, Govi Rao, CEO of Phase Change Solutions said, We are very excited to be part of the GAF ecosystem, which covers a broad range of building applications as well as the renewable energy space. He added, Combining our BioPCM® platform with GAF's robust technology matrix, brand recognition and market access is an ideal recipe to create and deliver scalable, sustainable and circular economy solutions to the customers.
Phase Change Solutions (PCS) is a global leader in the development and supply of phase change materials ("PCMs"). The company's proprietary PCMs, collectively referred to as BioPCM® have been certified to include 100% bio-based content and listed among the USDA's BioPreferred® products. BioPCM® can be designed to store and release thermal energy at temperatures ranging from -75°C to 175°C. This tuning capability of BioPCM® enables customers worldwide to lower operating costs, protect perishable food & pharma and reach their sustainable development goals (SDGs).
GAF, a Standard Industries company, is the leading roofing and waterproofing manufacturer in North America. For more than 135 years, GAF has been trusted to protect what matters most for families, communities and business owners with its innovative solutions and focus on customer service. GAF's leadership extends to its commitment to making a positive impact on its communities, industry, and planet.
HOVER | August 09, 2022
HOVER, the technology company that transforms smartphone photos of any property into a digital twin with valuable 3D data, today announced that it is offering its entire 3D measurement and takeoff solution for new construction jobs with the ability to upload blueprints. Now, contractors can secure the same 3D models with exterior measurements that HOVER provides from smartphone photos through blueprint designs. HOVER now supports both the improvement of existing structures as well as ground-up new construction projects.
"HOVER's mission is to help people improve their homes with the world's best 3D property data, and today's launch makes that mission even more accessible, Supporting contractors in streamlining their workflows is at the core of what we do. Now, with a faster, easier, more affordable path to prepare takeoffs for new construction bids, contractors can simplify their bidding process and stand out from the competition with inspiring, visual representations of the finished product."
-A.J. Altman, Founder and CEO of HOVER.
Now, with a faster, easier, more affordable path to prepare takeoffs for new construction bids, contractors can simplify
HOVER's new construction solution transforms blueprint plans into scaled 3D models with comprehensive measurements for the property exterior – powering takeoff, proposal, and ordering features in the HOVER platform. Transforming a 2D, black & white drawing into a 3D digital twin allows contractors to instantly demonstrate real colors and materials on an unbuilt home, inspiring property owners and helping contractors stand out from their competition. With a fast turnaround, HOVER eliminates the historically arduous process of manually scaling measurements from drawings that can take up to a week and makes it more cost effective for any contractor to include project visuals in their proposals.
"Before this solution existed, I didn't have time to scale off a blueprint. Now, I can bid on more jobs and win more business. It's a game changer."
-David Ferraro, Owner of Good Guys Contracting.
HOVER is developing the most accurate and usable data set of physical property to deliver a simpler and more transparent home improvement experience. Used by contractors, insurance adjusters and homeowners alike, HOVER drives efficiencies with a mobile app that measures, designs, and estimates costs all in one place; smartphone photos transform into beautifully rendered, fully-measured 3D models of any home.
Bowman Consulting | August 30, 2022
Bowman Consulting Group Ltd. (the “Company” or “Bowman”) (NASDAQ: BWMN), today announced the purchase of Anchor Consultants LLC (“Anchor”). Headquartered in Chadds Ford, Pennsylvania, Anchor specializes in the planning, inspection, design, environmental permitting, dredging engineering, and construction management of waterfront infrastructure along coastal and inland waterways throughout North America. Under the leadership of Ahmad Nadeem, PE, the company’s founder, Anchor’s experience ranges from industrial ports and harbors to urban waterfront development. On the industrial side, Anchor services facilities handling bulk materials and containerized freight. On the urban side, Anchor services commercial and mixed-use waterfront developments, ferry terminals, and recreational docks. Anchor has also worked on military port facilities and cruise terminals.
“The acquisition of Anchor furthers our diversification initiative adding to our customer base that builds and maintains critical infrastructure, Ports and harbors are a critical component of the nation’s infrastructure and Anchor provides us with a solid platform from which to build our presence and market share in this growing space. Ahmad has built a great team of experienced marine engineers serving an impressive list of clients with a broad array of services. Their expertise in waterfront planning, design and engineering will enable us to provide these services to many of our current clients and gain immediate cross-selling opportunities for our client relationship managers.”
-Gary Bowman, CEO of Bowman.
Bowman’s vision for expanding Anchor's business was extremely compelling to us, said Ahmad Nadeem, founder of Anchor. Being part of a larger organization with more resources and a national footprint will no doubt facilitate accelerated growth for us. Bowman’s culture aligns with what we have worked so hard to build here at Anchor and that was a major factor in our decision to join with them. We are grateful for the trust that Gary and his team have placed in us to build Bowman’s ports and harbors and waterfront engineering practice.
The Company expects the Anchor acquisition to initially contribute approximately $2.5 million of annualized net service billing and be immediately accretive. The transaction was financed with a combination of cash and notes including an unsecured seller note and a convertible seller note with an $18.00 per share conversion option.
“Anchor is our fifth acquisition of 2022, bringing the total annualized net revenue we have acquired this year to just under $50 million, The Anchor acquisition, which was transacted well within our target multiple range, meets all objectives for operating metrics, revenue synergy and cross-selling opportunities. As is our practice, we will provide more detailed information on M&A activities, pipeline, and guidance in connection with our scheduled quarterly communications.”
-Bruce Labovitz, Bowman’s CFO.
About Anchor Consultants:
Anchor Consultants, LLC provides engineering services related to waterfront facilities with primary focus on port facilities. The highly skilled engineers of Anchor have extensive experience in feasibility studies; cost estimation; planning; under and above water inspection & investigation; design; permitting; construction inspection & management; dredging; and claim and litigation support. Anchor uses state of the art technology for analysis and design projects. Anchor’s client list includes both public and private clients. Anchor’s engineers have planned, analyzed, permitted, and designed numerous waterfront facilities. Anchor has also engineered the dredging of port facilities including sediment sampling and testing, environmental permitting, securing AUD, and managing the dredging and disposal operations.
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 more than 65 offices throughout the United States, 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. Bowman trades on the Nasdaq under the symbol BWMN.