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.
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.
Hilti | July 14, 2022
Hilti North America, a global leader providing innovative tools, technology, software, and services to the commercial construction industry has streamlined the base plate design workflow for PROFIS Engineering Suite users by integrating the cloud-based software with Bentley's RAM Structural System. The agreement with Bentley Systems, the infrastructure engineering software company, gives structural engineers and designers the ability to transfer designs quicker and more accurately between the two programs.
PROFIS Engineering Suite, a user-friendly, cloud-based application helps handle the calculations and analysis of the different elements of a steel-to-concrete connection, including base plate and anchors, with easier iteration and thorough documentation. Now, RAM Structural System and PROFIS Engineering work together to streamline the workflow and help simplify the base plate anchor design process. Users can leverage the integration of RAM Structural System with the design power of PROFIS Engineering to easily import, design, and export anchor and base plate designs, while ensuring accuracy and maximum productivity. PROFIS Engineering can receive all the information needed to the baseplate and connection design in a few short clicks, helping reduce the need for manual data transfer. This method will save up to one hour per design by optimizing your workflow.
"Our customers have requested integrations between their structural analysis software and PROFIS Engineering to increase user productivity while ensuring accuracy of their design, We are eager to align with an organization like Bentley that shares our values in providing solutions that move the industry forward. Integrated with RAM Structural System to deliver a seamless experience further enables our customers to simplify the entire anchor design process from start to finish, while delivering considerable time savings for each design. This is yet another example of Hilti listening to our users and providing additional value that benefits the customer's bottom line."
-David Crawford, director of technical marketing and application solutions at Hilti North America.
At Bentley, we are always looking for ways to increase our users' engineering productivity and accuracy, said Josh Taylor, senior director of structural product management at Bentley Systems. We are excited to give our RAM Structural System users the additional benefit of a seamless interface with Hilti PROFIS Engineering to improve accuracy and save time for their structural steel-to-concrete connection designs.
Hilti customers can learn the benefits of using the RAM Structural System plugin for PROFIS Engineering by registering for the webinar Enhancing Design Productivity Through Software Integration. The webinar is presented in collaboration with Bentley Systems.
Hilti is a world-leading provider of high quality, innovative and specialized tools, fastening systems and software-based solutions for the professional user. With more than 3,800 highly trained Hilti account managers, engineers, and Hilti employees throughout North America, Hilti's expertise covers the areas of powder actuated fastening, drilling and demolition, diamond coring and cutting, measuring, firestopping, screw fastening, adhesive and mechanical anchoring, strut and hanger systems, solutions for tool crib productivity as well as worker health and safety.
RailWorks Corporation | August 24, 2022
RailWorks Corp. ("RailWorks" or "the Company"), the leading North American specialty construction and maintenance rail contractor, announced today it has acquired H&H Engineering Construction ("H&H"), a rail maintenance and construction contractor for the Western United States providing services for transit, ports, freight railroads, and rail served industrial companies.
The transaction follows RailWorks' recently completed acquisition of Progress Rail's Rail Welding Services Division, a specialized provider of flash butt welding ("FBW"), enabling RailWorks to utilize best-in-class FBW capabilities and offer rail customers expanded maintenance of way services. Financial terms of these transactions were not disclosed.
RailWorks provides comprehensive specialty railroad construction and maintenance services, which include track construction, turn-key rehabilitation and maintenance, and innovative solutions for predictive track maintenance. The integration of H&H will strategically expand RailWorks' presence on the West Coast with a best-in-class team of professionals serving a diverse base of rail customers. As part of the RailWorks team, the H&H teams will be able to leverage FBW crews and equipment from the Rail Welding Services Division, leading to additional incremental growth opportunities.
RailWorks is a portfolio company of Bernhard Capital Partners, a services and infrastructure-focused private equity management firm, which it partnered with in November 2021 to drive long-term strategic growth and expand its core offerings and capabilities.
"This is an exciting time for RailWorks. These complementary acquisitions represent a significant expansion of our offerings and the ways in which we can service our valued customers across the country, As we continue to grow our business and execute on a shared vision with our partners at Bernhard Capital, we see a number of exciting opportunities to further expand our offerings and continuously enhance the safe, high-quality services customers expect from RailWorks."
-Kevin Riddett, RailWorks President and CEO.
In addition to executing on its strategic growth objectives, RailWorks has also remained committed to expanding its industry-leading commitment to safety. In May 2022, the company announced a partnership with Miller Ingenuity's ZoneGuard product line, a roadway worker protection system to detect track vehicles entering active work zones, provide advanced technology to the RailWorks portfolio, and improve overall roadway worker protection. Through this partnership, RailWorks is expanding the Company's commitment to a safety-first culture and working to accelerate safety technology adoption throughout the North American rail market.
"RailWorks' services are essential to supporting a critical mode of transportation for much of the country's population, These acquisitions and our new technology partnership solidify RailWorks' position as the industry leader for rail system maintenance, repair, and construction services. We are excited to continue to work closely with Kevin and his exceptional team to further expand the company's technology offerings and solutions-oriented approach, while maintaining RailWorks' commitment to its customers and to employee safety."
-Mark Spender, Partner at Bernhard Capital.
About RailWorks Corporation:
Founded in 1998, RailWorks Corporation provides track construction, electrical systems construction, maintenance services and products throughout the United States and Canada for major transit authorities, Class I and short-line railroads, and rail-served commercial and industrial companies. Trusted RailWorks brands include L.K. Comstock Inc., PNR RailWorks, NARSTCO, and HSQ Technology.
About Bernhard Capital Partners:
Bernhard Capital Partners is a services and infrastructure-focused private equity management firm established in 2013. Bernhard Capital Partners has deployed capital in four funds across several strategies, has approximately $2.9 billion of gross assets under management and is ranked as one of Private Equity International's 300 largest private equity firms worldwide. Bernhard Capital Partners seeks to create sustainable value by leveraging its experience in acquiring, operating and growing services and infrastructure businesses.