Businesswire | July 25, 2023
H.I.G. Capital, a leading global alternative investment firm with $57 billion of capital under management, is pleased to announce that its portfolio company, Construction Forms, Inc. (“CFI”), has acquired Tricon Wear Solutions (“Tricon”). CFI is a leading provider of engineered, abrasion resistant piping systems and replaceable components for use in concrete pumping, mining, power generation, and other industrial end markets.
Headquartered in Birmingham, Alabama, with additional locations in Nevada and Illinois, Tricon is a leading manufacturer of abrasion, wear-resistant products, specializing in highly engineered steel plates and other fabricated products. Tricon serves customers across various end markets including pulp & paper, mining, and aggregates, and has industry- leading metallurgy, fabrication, and engineering capabilities.
“Together, Tricon and CFI will be a stronger, more diversified partner to new and existing customers globally with an expanded offering and strengthened value proposition,” says Stefan Brosick, CEO of CFI. “We are excited to welcome the exceptional Tricon team. CFI’s expanded portfolio will increase the breadth of our superior aftermarket solutions, all focused on delivering the lowest total cost of ownership for our customers.”
Todd Plate, President and CEO of Tricon, commented, “Both companies have a shared vision of a relentless focus on customer needs and safety. Together, we have decades of expertise in engineering solutions for challenging abrasion and wear resistance applications. Our partnership with CFI creates an expanded platform to serve customers in the most severe wear situations worldwide.”
John Von Bargen, Managing Director at H.I.G., added, “CFI’s partnership with Tricon is a transformative merger that creates a diversified leader in the industrial wear parts market. This is the first of what we hope will be several acquisitions further building upon CFI’s platform of leading wear parts companies.”
Combined, the CFI group of companies will have more than 350 employees with five U.S.-based manufacturing facilities and one in Europe. CFI serves customers globally in a wide range of industries including concrete pumping, mining, dredging, power generation, and pulp & paper.
Headquartered in Birmingham, Alabama, with additional facilities in Nevada and Illinois, Tricon is a leading manufacturer of abrasion, wear-resistant products, specializing in highly engineered steel plates and other fabricated products. Tricon serves customers across various end markets including pulp & paper, mining, and aggregates with its leading metallurgy, fabrication, and engineering capabilities. For more information, please visit https://www.triconwearsolutions.com/.
Construction Forms, Inc. (“CFI”) provides engineered, abrasion resistant piping systems and replaceable components for use in concrete pumping, mining, power generation, and other diversified industrial applications. The Company’s brands – Con Forms, Esser, and Ultra Tech – are recognized globally for best-in-class quality and total cost of ownership. Founded in 1969, CFI has established a 50-year track record serving leading concrete-pumping service providers, OEMs, engineering firms, and distributors. The Company is headquartered in Port Washington, Wisconsin, with additional locations in Texas and Germany. For more information, please visit www.cficompany.com.
About H.I.G. Capital
H.I.G. Capital is a leading global alternative investment firm with $57 billion of capital under management.* Based in Miami, and with offices in New York, Boston, Chicago, Dallas, Los Angeles, San Francisco, and Atlanta in the U.S., as well as international affiliate offices in London, Hamburg, Madrid, Milan, Paris, Bogotá, Rio de Janeiro and São Paulo, H.I.G. specializes in providing both debt and equity capital to small and mid-sized companies, utilizing a flexible and operationally focused/ value-added approach:
H.I.G.’s equity funds invest in management buyouts, recapitalizations, and corporate carve-outs of both profitable as well as underperforming manufacturing and service businesses.
H.I.G.’s debt funds invest in senior, unitranche and junior debt financing to companies across the size spectrum, both on a primary (direct origination) basis, as well as in the secondary markets. H.I.G. also manages a publicly traded BDC, WhiteHorse Finance.
H.I.G.’s real estate funds invest in value-added properties, which can benefit from improved asset management practices.
H.I.G. Infrastructure focuses on making value-add and core plus investments in the infrastructure sector.
Robotics and Automation, Engineering Tech
PR Newswire | August 23, 2023
FlowForma®, the leading provider of enterprise-class process automation tools for Microsoft 365®, is excited to announce that Breheny Civil Engineering are digitalising their business processes to overcome process challenges within their organisation using the award-winning FlowForma Process Automation tool
Breheny, a large-scale civil engineering firm, works on a wide range of projects including highways, marine, utilities, and environmental. In what is a highly regulated industry, the company sought a complete end-to-end process automation solution to digitalise its business processes within various departments of the organisation.
With an existing SharePoint environment already in place, the team needed a solution which could seamlessly slot into their current software stack. Having already compiled a detailed digitalisation plan with pain point processes ripe for automation, Breheny Civil Engineering soon discovered the 100% no code FlowForma Process Automation tool and knew they had selected the right option to digitalise both complex and simple business processes.
Procuring an easy-to-use process automation solution that could also be adopted quickly by employees was key for Breheny Civil Engineering. Featuring forms, workflow, and document generation all in one place, the FlowForma Process Automation tool is preferred by road, rail and highway construction firms for its ease-of-use, BIM compliance support, and unrivalled return on investment as processes are digitalised with speed, with most seeingresults within 6 weeks.
The business has taken its first steps on its digital transformation journey with 'Site Checklists,' 'Site Audits,' 'Plant Inspections' and 'Hot Works Permits' already fully automated, with approximately another 100 processes already identified for digitalisation across multiple departments.
Additionally, Breheny Civil Engineering are utilising the FlowForma Construction Process Accelerator which empowers users with a wide variety of ready-to-use, fully editable, process templates for digitalising common construction processes. The Construction Accelerator features process templates for addressing tasks such as: 'Field Change Request,' 'Concrete Pre-Pour Check Sheet,' 'Labour Requisition,' 'Materials Requisition,' 'Hot Work Permit,' 'Safety Observation,' and more.
"We have a lengthy list of use cases identified across the business for digitalisation. We are working with the FlowForma team on their SureStart onboarding program to help us ramp up quickly and deliver fast results. We are excited to work with FlowForma and the operational efficiencies their tool can provide for our entire organisation. It is a game changer for the business!" said a spokesperson at Breheny Civil Engineering.
Processes such as 'Concrete Pour' and 'Permit to Break Ground' have been identified to quickly improve visibility and governance site-wide, with 'Site Diaries' and 'Inspection Reports' processes also in the pipeline for development.
As with any large-scale construction organisation, collaboration is a common challenge. Employees are deployed across multiple offices or on-site in disparate locations, often remotely, with little to no connectivity to get work completed. As a result, the FlowForma Mobile App has become a key component in the toolbelt of firms across the industry thanks to its clever offsite capability, allowing processes to be completed and uploaded later when back online.
Olivia Bushe, Chief Executive Officer, FlowForma added: "The construction industry is an area where FlowForma is assisting multiple organisations to overcome current challenges such as the labour skills shortage, project over runs, and resiliency across the sector, producing huge results. Going forward, Breheny Civil Engineering will be much more efficient and productive with enhanced visibility of what stage each business process is at. Teams will have much more insight into project timescales and budgetary elements. The complete audit trail will also ensure compliance requirements are met."
About Breheny Civil Engineering
Established in 1963, Breheny is one of the largest family-owned civil engineering companies in the UK, with over 400 employees and a plant fleet containing over 3,000 items of plant and equipment.
Breheny Civil Engineering has developed to provide civil engineering services to almost two-thirds of the UK from its offices in Suffolk, Yorkshire, Cambridgeshire, Kent, Hampshire, and Oxfordshire.
FlowForma, the leading provider of Process Automation tools for Microsoft 365® is revolutionising the construction industry with an innovative approach to developing award-winning products that empower users to create and streamline processes smarter and faster, utilising the familiar SharePoint platform, without any coding.
FlowForma is a Microsoft Gold Partner with over 200,000 global users of its product. Headquartered in Dublin, Ireland, with offices in New York, Boston, and London, FlowForma is motivated by its values to innovate, evolve, and achieve with employees, customers, and partners.
Education, Engineering Tech
Businesswire | August 21, 2023
Tanner Engineering, founded in 1996, and located in La Mesa, California, specializes in complex electrical engineering design with specific experience in healthcare, alternative energy, and education. Their scope of services include lighting, power distribution, medium voltage, fire alarm, energy retrofits, and arc flash coordination studies.
In addition, they have expertise in facility assessments, OSHPD/HCAI – NPC studies, master planning, and innovative design strategies for microgrids and emergency electrical system upgrades. One of their most recent successes is six of the first group of microgrid projects ever approved by OSHPD/HCAI and the state of California.
RTM Engineering (RTM), located in Schaumburg, Illinois, is a national MEP, Civil, and Structural engineering consulting firm that has achieved success by remaining privately-owned and governed by its leadership team of partners. RTM has highlighted its commitment to growth through investment in successful entrepreneurial firms throughout the country, with a like-minded vision of the future.
“We have great admiration for the work produced by the RTM team and their well-established reputation within the industry. The merger between our two firms will offer some exciting prospects in undertaking new and challenging projects on a national scale,” said Rocky Tanner, President of Tanner Engineering.
Tanner added, “Much like RTM, Tanner Engineering is committed to delivering innovative design solutions for their clients’ projects, while also fostering an employee-centric culture of collaboration, respect, and trust. With our core values being so perfectly aligned, this merger will allow us to enhance our capabilities with existing clients; identify new opportunities for our newly combined team of 370+ engineering professionals across the country; and further our commitment to sustainable growth.”
“We are thrilled to be welcoming the Tanner Engineering team to RTM, their specialized expertise in the California market is unmatched, and the culture they have built aligns greatly with our own. We can’t wait to see what the future holds as we merge our two organizations,” said RTM CEO, Tony Mirchandani.
Generational Equity Executive Managing Director of M&A – Western Region, Stephen Crisham and his team, led by Managing Director, M&A, Mike Meredith, with support from Senior Vice President, M&A Amy Wall closed the merger. Executive Managing Director, Rick Buchoz established the initial relationship with Tanner.
“Tanner Engineering’s expertise will merge well with RTM Engineering’s vast knowledge in the California market and beyond,” said Meredith.
About RTM Engineering Consultants
RTM Engineering Consultants, We are an engineering firm that goes beyond a typical consulting role. We become a partner to our clients by aligning with the goals, processes, and people at each organization. Since our inception in 1981, we have stood for a consistent offering by way of exceptional responsiveness.
About Generational Equity
Generational Equity, Generational Capital Markets (member FINRA/SIPC), Generational Wealth Advisors, Generational Consulting Group, and DealForce are part of the Generational Group, which is headquartered in Dallas and is one of the leading M&A advisory firms in North America.
With more than 350 professionals located throughout 16 offices in North America, the companies help business owners release the wealth of their business by providing growth consulting, merger, acquisition, and wealth management services. The Generational suite of advisory services includes strategic and tactical growth consulting, exit planning education, business valuation, value enhancement strategies, M&A services, wealth management and digital services.