AXA XL Launches New Insurance Programs for Construction Business -- Highly Protected Projects

AXA XL | September 25, 2020

AXA XL's North America Construction insurance business is building tailored insurance programs and services for construction projects that qualify as a "Highly Protected Project" (HPP) because of their implementation of technologies designed to reduce project risk. According to Gary Kaplan, president of AXA XL's North America Construction insurance business, "In commercial property insurance, facilities that incorporate added risk and safety measures, such as sprinkler systems, are considered 'Highly Protected Risk' and can earn more favorable insurance rates and terms.  With greater adoption of technology on construction jobsites, we're seeing the same opportunity to extend more competitive insurance coverage and capacity for projects that are taking action to reduce risks." Construction projects eligible to attain AXA XL's HPP status and specialized insurance include Health Care, Commercial Office, Higher Education and Manufacturing/Processing construction projects valued at USD 200 million or more.

Spotlight

The design of modern aircraft remains an extremely challenging undertaking. A combination of stringent and often conflicting requirements, expensive equipment with long lead times and highly co-dependent and integrated systems present engineers with problems of almost unimaginable complexity.

Spotlight

The design of modern aircraft remains an extremely challenging undertaking. A combination of stringent and often conflicting requirements, expensive equipment with long lead times and highly co-dependent and integrated systems present engineers with problems of almost unimaginable complexity.

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ENGINEERING TECH

SunTx Capital Partners Sells NationsBuilders Insurance Services

SUNTX CAPITAL PARTNERS | August 31, 2021

SunTx Capital Partners, a Dallas, TX-based private equity firm that invests in middle market manufacturing, distribution, and service companies, today announced the sale of NationsBuilders Insurance Services, the industry leader in specialty construction Risk Management and Insurance. Financial terms of the transaction were not disclosed. Headquartered in Atlanta, GA, NBIS is a program administrator and Managing General Underwriter that provides construction and transport insurance, and risk management services for specialized heavy construction equipment, residential builders, and related transport industries. In particular, NBIS is a premier insurer of crane and rigging equipment, with an exceptional safety track record and best-in-class management practices for the industries it serves. SunTx acquired a controlling stake in NBIS in 2005, with an eye towards building an industry leading platform that delivers compelling value for all stakeholders. Ned N. Fleming, III, Founder and Managing Partner of SunTx Capital Partners, said, "The success that NBIS has had is emblematic of our firm's track record of partnering with our portfolio companies to help them achieve transformational growth and operational excellence. During our ownership of the Company, there were many opportunities to sell the platform along the way, though we were committed to investing the time and resources to build a truly compelling market leader, well-positioned for continued success." Bill Tepe, President of NBIS, said, "Our long-term partnership with SunTx has enabled us to strengthen our market position by generating best-in-class, creative solutions to meet the risk management needs of our current and future clients. Ned, Mark, Craig and the entire SunTx team have been committed partners. We thank them for their contributions as we embark on the next phase of growth." ABOUT SUNTX CAPITAL PARTNERS SunTx Capital Partners, LP, is a Dallas, TX-based private equity firm that invests in middle market manufacturing, distribution and service companies. SunTx specializes in supporting talented management teams in industries where SunTx can apply its operational experience and financial expertise to build leading middle-market companies with operations typically in the Sun Belt region of the United States. The capital committed by SunTx comes from the principals of SunTx as well as from institutional investors, including leading university endowments, pension funds and insurers.

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ENGINEERING TECH

RMA Announces Merger with Western Technologies

RMA Group of Companies | January 24, 2022

RMA Group of Companies (“RMA”), a portfolio company of OceanSound Partners, announced that it has merged with Western Technologies, Inc. and Enviro-Drill, Inc. (collectively, “Western Technologies” or “WT”) to create a leading provider of technology-enabled laboratory testing, inspection, and quality management services for critical infrastructure end-markets. Ed Lyon, RMA’s President and CEO, will lead the newly combined business, supported by an experienced management team consisting of leaders from both RMA and WT. Terms of the transaction were not disclosed. The strategic combination of RMA and Western Technologies significantly enhances the firms’ collective service capabilities, geographic reach, and end-market expertise. The combined business will employ over 600 talented engineers, geologist, inspectors, technicians, drillers, and other professionals across nearly 20 offices in 5 states throughout the Western U.S. The additional scale will enable RMA and WT to deliver a more expansive solution set for a combined customer base of more than 1,200 infrastructure asset owners and engineering and construction companies across diverse government and commercial end-markets, including transportation, healthcare, power, and water. “The merger with Western Technologies represents a transformative milestone in RMA’s 60-year history, We are delighted to welcome all of our new colleagues from WT. With this combination, RMA gains access to a larger geographical footprint, a deeper pool of talent, and additional service offerings – including environment consulting and non-destructive testing – enabling us to better serve the combined customer base. Together, with WT, we have decades of experience as trusted advisors to our clients. Based on this rich legacy, our combined company will help our clients address increasing regulatory compliance and operating requirements by leveraging a broader portfolio of engineering services.” -Ed Lyon, RMA’s President and CEO Lyon continued, The repair, expansion, and modernization of infrastructure has become a top national priority. RMA and WT will operate as cornerstones of a national testing and inspection services platform, helping support the engineering, development, management, and maintenance of critical infrastructure assets across the country. With the support of OceanSound Partners, we expect that this merger will be the first of several transactions as we pursue an acquisition-driven growth strategy, enabling us to serve both existing and prospective clients on a national scale. As the first engineering firm in Arizona to provide materials testing and geotechnical services, WT has been a pioneer since its founding in 1955,” said Jim Warne, former President and current Vice Chairman of Western Technologies. “Since then, we have built a reputation of delivering high-quality services that meet the design or compliance requirements of infrastructure, environmental, and development projects in the Southwest. We have achieved success by fostering an entrepreneurial environment that prioritizes professional development. With our combination with RMA, we look forward to extending WT’s multi-disciplinary expertise across additional markets, accelerating growth opportunities for employees of both firms, and better serving our respective communities. “By joining forces with RMA, we are excited to leverage the best of our respective businesses, cross-sell across our markets and customer bases, and create professional opportunities for our combined workforce,” said Randy Marwig, recently appointed President of Western Technologies. “We believe our two firms have complementary services, highly compatible cultures, and a shared commitment to our clients, which will facilitate a seamless integration process for employees with zero disruption to clients. We are confident that the combination of RMA and WT will accelerate our growth and lead to long-term, sustained success.” Skadden, Arps, Slate, Meagher & Flom LLP served as legal counsel to RMA. DLA Piper LLP served as legal counsel to Western Technologies. About RMA Group of Companies The RMA Group of Companies is a leading provider of technology-enabled laboratory testing, inspection, and quality management services for critical public and private infrastructure assets across diverse government and commercial end-markets, including transportation, healthcare, power, and water. RMA’s team of engineers, geologists, inspectors, and technicians help infrastructure asset owners and engineering and construction companies maintain compliance with strict regulatory and operating requirements through a range of geotechnical, environmental, and materials testing services. Founded in 1962, RMA is headquartered in Rancho Cucamonga, California. For more information, please visit www.rmacompanies.com. About Western Technologies Western Technologies, Inc. is an engineering services firm specializing in geotechnical engineering, environmental consulting, construction materials testing, non-destructive testing, and special inspection services, among other disciplines. Enviro-Drill, Inc. provides geotechnical and environmental drilling services. Serving the southwestern U.S. for nearly 70 years, WT has become a nationally recognized firm, with approximately 300 employees across 12 full-service offices with 7 laboratory facilities. WT serves a diverse customer base across both government and commercial end-markets. Founded in 1955, Western Technologies is headquartered in Phoenix, Arizona. For more information, please visit www.wt-us.com. About OceanSound Partners OceanSound Partners is a New York-based private equity firm that pursues control investments in technology and technology-enabled services companies serving government and enterprise end-markets. OceanSound employs a partnership approach, working closely with founders, entrepreneurs, and executives of middle market businesses to drive transformational growth. For more information, please visit: www.oceansoundpartners.com.

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CONSTRUCTION

Intelliwave Technologies Releases SiteSense® Integration with InEight® Field Execution Management, Planning Module

INTELLIWAVE TECHNOLOGIES | December 07, 2021

Intelliwave Technologies, a global leader in providing digital solutions for construction materials management and tracking is proud to announce a strategic partnership with InEight, a leading provider of construction project management software. Intelliwave Technologies was formed in 2007 to provide new solutions in the construction industry to help increase "Time on Tools" for craft labor and improve site safety. The result was the creation of a revolutionary web and mobile-based software solution in one encompassing brand, SiteSense. This advanced integration between SiteSense and InEight allows construction professionals real-time access to materials management and workface planning data from SiteSense combined with work plans and constraint management data from the InEight Plan module to make more informed decisions about upcoming scheduled activities and constraint analysis. Through this strategic partnership with InEight, the SiteSense integration adds valuable insights and functionality to create a connected ecosystem for our mutual customers allowing for Reduction of administration costs by 10% Craft labor productivity improvement by up to 16% Reduction in material bulk purchases by up to 40% "Working closely with the InEight team and their open project management platform, we were able to provide a deep integration between SiteSense and InEight to fully digitize planning and execution for our shared construction customers,We look forward to providing InEight users with accurate real-time materials management and asset data from SiteSense that will ultimately allow project teams to make better-informed decisions throughout the project's lifecycle." -Dale Beard, CEO of Intelliwave. The integration includes two major benefits for SiteSense and InEight customers, keeping their field and office workflows connected in a single ecosystem: Connect Engineering to Procurement and Inventory: Work Plan material components from Construction Work Packages (CWPs) and Installation Work Packages (IWPs) in the InEight Plan module sync to SiteSense to create a Material Needs Document. SiteSense Users can forecast material component availability and anaylze upcoming constraints by comparing scheduled installation dates against current inventory availability and procurement activities in SiteSense. Connecting these data sets together allows users to proactively solve constraints through procurement, expediting and vendor communication activities. Work Packaging Constraint Analysis: InEight Plan users can view available inventory quantities from a Work Plan by navigating to the Workspace tab to see the available quantity populated by SiteSense data. Inventory transactions in SiteSense such as Receiving Reports, Issue Tickets and Stock Adjustments update the available quantity to assist in updating the available quantity to identify color coded constraints to assist with planning activities. InEight Plan users can also view detailed inventory information through a direct hyperlink to the work plan component in SiteSense. "With our open, integrated and secure construction management platform, InEight is enabling leading partners to create integrations that accelerate the digital transformation of capital construction projects,The integration between InEight and SiteSense solves a massive challenge for companies looking to digitalize work planning and procurement processes, ensuring easy access to materials requirements and availability data." -Brad Barth, Chief Product Officer at InEight. View the Intelliwave listing on the InEight Partner Integration page that outlines the touchpoints between SiteSense and the InEight Field Execution Management Planning module. View the full news release on the Intelliwave Website and the SiteSense <> InEight Integration Page for more information.Contact Intelliwave Technologies today to learn more about SiteSense products. ABOUT INTELLIWAVE TECHNOLOGIES Intelliwave Technologies provides the world's most comprehensive materials management digital solution for construction projects. SiteSense Cloud and Mobile Software enables construction crews to make more informed decisions with accurate real-time information on material status and availability.To learn more visit www.intelliwavetechnologies.com or on LinkedIn, Facebook, and Twitter. ABOUT INEIGHT InEight provides field-tested project management software for the owners, contractors, engineers and architects who are building the world around us. Over 400,000 users and more than 850 customers worldwide rely on InEight for real-time insights that help manage risk and keep projects on schedule and under budget across the entire life cycle. From pre-planning to design, from estimating to scheduling, and from field execution to turnover, InEight has powered more than $400 billion in projects globally across infrastructure, public sector, energy and power, oil, gas and chemical, mining, and commercial. For more information, follow InEight on LinkedIn or visit InEight.com.

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