ENGINEERING TECH

Beam, Longest & Neff, LLC Merges with McIntosh Perry

McIntosh Perry | August 19, 2021

McIntosh Perry Consulting Engineers Ltd. (McIntosh Perry), an award-winning consulting engineering company, is pleased to announce a merger with Beam, Longest & Neff, LLC (BLN), a leading infrastructure engineering firm headquartered in Indianapolis, Indiana, USA. The partnership provides clients with a team of more than 800 engineers, project managers and technical experts focused on delivering high-quality projects from 21 offices across North America.

"We are excited to be combining forces with McIntosh Perry as we create a large, dynamic North American engineering consulting firm that brings together the best people, industry leading knowledge and decades of experience so that we can continue to serve the growing needs of our clients and put forward the best solutions possible," said Tom Longest, CEO of BLN. A third-generation company founded in 1945, BLN has provided services to hundreds of clients on thousand of projects, including the two signature bridges forming the US$2.3 billion Ohio River Bridges Projects and most recently the US$4.4 billion Gordie Howe International Bridge. BLN's team of talented and dedicated professionals will form the foundation for the company's expansion into the USA.

"We are energized by this partnership for two important reasons. One, it creates professional development and career path opportunities for our employees and two, it ensures a deep bench of technical and professional talent for our clients," said Jim Longest, President of BLN. "One of the key factors in forming this relationship is our similar core purpose, core values and strategic ambition." Jim and Tom Longest, the third generation to lead the consulting firm, will continue to manage operations and support client relations at BLN, and will also serve on the Board of Directors at McIntosh Perry.

"It is very exciting to see our company fulfill our strategic vision and evolve into a full-service North American engineering consulting company," said Gus Sarrouh, CEO of McIntosh Perry." As the COVID restrictions are lifted across North America, we are ideally positioned to take advantage of opportunities on both sides of the border, including the $1.2 trillion stimulus that the United States plans to spend on rebuilding aging infrastructure. We are very fortunate to have found a firm with the history, reputation, and capability that BLN has, and we look forward to working with their people to build a unified firm that provides rewarding career opportunities and delivers high-quality projects."

About Beam, Longest and Neff, LLC
Founded in 1945, Beam, Longest and Neff (BLN), is a third-generation firm headquartered in Indianapolis, Indiana, and is one of the largest full-service engineering firms in the region. BLN delivers comprehensive solutions for all facets of infrastructure projects and has offices in Indiana, Michigan, Colorado, West Virginia, Arizona, Kentucky, and Puerto Rico. BLN is listed in ENR Midwest as one of the top Midwest design firms and in ENR’s top 500 design firms in the U.S.

About McIntosh Perry
McIntosh Perry offers a full range of consulting engineering services and technical solutions for public and private sector clients that encompasses every stage of a project, including Building Science, Contract Administration, Energy, Environmental and Geotechnical Engineering, Land Development Engineering and Planning, Municipal Engineering, Project Management, Transportation, Transportation Structures and Surveying. McIntosh Perry has more than 600+ engineers, project managers and technical experts operating out of 14 offices. As we've grown, we remain focused on one goal – helping our clients turn possibilities into reality.

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Spotlight

Despite almost a decade of booming growth, the construction industry faces a substantial hurdle: a labor shortage. This issue of not enough people to do the work has created problems with being able to take on new projects, meet deadlines, and contain costs. However, as daunting as the challenge to recruit and retain skilled workers can be, the solution could be in the palm of your hand. Or in the in the phone in your pocket.

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ENGINEERING TECH,CONSTRUCTION

Bowman Consulting Group Expands into Marine Engineering through Acquisition of Anchor Consultants LLC

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.

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Johnson Controls Collaborates with 3Degrees to Accelerate the Race to Net Zero

Johnson Controls | August 22, 2022

Johnson Controls (NYSE: JCI) announces its collaboration with 3Degrees, a firm that helps organizations around the world achieve renewable energy and decarbonization goals. The new collaboration aims to accelerate building owners' and operators' progress toward net zero by leveraging 3Degrees' large-scale environmental commodity solutions, including Renewable Energy Certificate (REC) transactions, long-term renewable energy procurement, carbon credit portfolio management, transportation decarbonization and climate advisory services. "The need for global net zero solutions has never been greater, and global organizations are turning to Johnson Controls to help them achieve their goals, This collaboration with 3Degrees provides customers with market-sourced renewable energy supply services, which, together with energy efficiency, is one of the most effective paths for customers to address operational carbon emissions and achieve net zero." -Dan Svejnar, vice president, Renewable Services, Sustainable Infrastructure, Johnson Controls. The energy supply services can be delivered as part of the comprehensive Johnson Controls OpenBlue Net Zero Buildings offering or as a stand-alone service. OpenBlue Net Zero Buildings designs, digitizes, and deploys net zero solutions at any stage. The steps range from goal setting and facility-wide digitalization to distributed energy strategies and renewable energy supply services. The solution is also available as a performance-based service where customers pay for the outcome with a fixed monthly fee to lower their inherent risk and avoid capital investments. The latest climate report released by IPCC shows a rapidly closing window to avoid irreversible adverse climate change and reach net zero by 2050. Scientists are calling for an immediate decrease in greenhouse emissions after findings showed carbon levels continuing to increase. The United Nations' Paris Agreement target to achieve net zero greenhouse gas emissions by 2050 is fast approaching, causing governments, businesses, and organizations around the world to rearchitect regulations and hold themselves accountable. The collaboration with 3Degrees will support global customers' urgency to meet these environmental targets. "The challenge is clear—building emissions currently account for nearly 40% of total global emissions, It's through partnership, innovation, and steadfast commitment that we drive meaningful decarbonization. This partnership offers customers end-to-end climate solutions to accelerate our collective progress to net zero emissions." -Scott Martin, vice president and head of global commercial business at 3Degrees. About Johnson Controls: At Johnson Controls (NYSE:JCI), we transform the environments where people live, work, learn, and play. As the global leader in smart, healthy, and sustainable buildings, our mission is to reimagine the performance of buildings to serve people, places, and the planet. mBuilding on a proud history of nearly 140 years of innovation, we deliver the blueprint of the future for industries such as healthcare, schools, data centers, airports, stadiums, manufacturing, and beyond through OpenBlue, our comprehensive digital offering. Today, with a global team of 100,000 experts in more than 150 countries, Johnson Controls offers the world's largest portfolio of building technology and software as well as service solutions from some of the most trusted names in the industry. About 3Degrees: 3Degrees, a Certified B Corporation, makes it possible for businesses and their customers to take urgent action on climate change. We help organizations around the world achieve renewable energy and decarbonization goals through our work with global Fortune 500 companies, utilities, and other organizations that want to join the fight against climate change. The 3Degrees team has deep expertise in sustainability consulting, environmental markets, renewable energy and carbon project development, transportation decarbonization solutions, and utility renewable energy programs. Together with our customers, 3Degrees helps develop and implement creative solutions that ensure environmental integrity and make good business sense.

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CONSTRUCTION

Coastal Construction selects COMPASS for trade partner prequalification

COASTAL CONSTRUCTION | September 09, 2022

Bespoke Metrics Inc. (Bespoke Metrics) is pleased to announce that the full-service contractor with headquarters in Miami, Florida, Coastal Construction Group, has selected COMPASS to assist in assessing and qualifying its trade partners. COMPASS is Bespoke Metrics' pre-construction software suite that collects, centralizes, and analyzes trade data on behalf of general contractors across North America. Operating in Florida since 1988, Coastal Construction Group employs approximately 400 people and has developed a distinguished roster of public and private clients. Coastal Construction Group has built its reputation on quality workmanship, workplace safety, and supporting local organizations and businesses through its philanthropic arm, Coastal Cares. "We're extremely excited to be partnering with a technology that not only enhances our current prequalification program, but one that also benefits our trade contractor partners themselves. COMPASS allows for the efficient submission and collection of prequalification related data between the General Contractor and Trades, freeing up time for both parties to be better spent servicing our projects." -Chris Robinson, Coastal Construction Group’s Director of Risk Management. Coastal is a key partner for COMPASS and has an outstanding reputation of overseeing and building high quality projects in Florida. The addition of Coastal and our growing partnerships with local trade associations provide tremendous support in achieving our vision of unifying prequalification for all parties in Florida, said Mark Newman, Senior Vice President at Bespoke Metrics. ABOUT COASTAL CONSTRUCTION: Award-winning Coastal Construction Group and the Murphy family have been building projects throughout Florida for more than five decades and have earned a reputation as one of the leading contractors in the Southeast region. Coastal currently has operations in Miami, Palm Beach, Naples, Orlando, Tampa, and the Florida Keys, and specializes in commercial, hospitality, single and multi-family residential, educational, government-related facilities and disaster recovery projects. Coastal's portfolio includes more than 60 hotels and resorts in Florida, including the Ocean Reef Club, Fisher Island Club, St. Regis Resort & Residences Bal Harbour, the Miami Beach Edition, The Ritz Carlton South Beach, Four Seasons, Faena Hotel, and the West Palm Beach Hilton, The Cove Orlando and JW Marriott Water Street Tampa as well as numerous South Florida condominiums, office buildings and schools—such as the Porsche Design Tower, Residences by Armani Casa, Mystique, and the Bacardi World Headquarters. ABOUT BESPOKE METRICS: Bespoke Metrics is a data management and analytical model development company. We blend expertise in data control, model development and user interface to provide innovative solutions for industries looking to utilize data to its fullest. Our team was built with experience in risk analytics with a combined 100 years experience in the marketplace.

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