PRODUCTS, MATERIALS, CONSTRUCTION
Colony Hardware | March 06, 2023
Colony Hardware, a leading direct-to-jobsite distributor of jobsite supplies and construction materials, has declared the acquisition of a South Carolina-based entity New South Construction Supplies, LLC (New South). It is a value-added distributor of concrete, rebar, waterproofing products, masonry, and contractor supplies.
Since forming a partnership with Audax Private Equity in November 2018, Colony has made a total of 12 acquisitions, the most recent being this one.
New South is one of the leading suppliers of construction supplies and building materials in the Southeast. The company was established in 1981 and now has locations in North Carolina, South Carolina, Georgia, and Florida. New South caters to commercial, residential, and industrial construction contractors as well as those working in waterproofing, restoration, and road-and-bridge construction.
Tim Rash, Chief Executive Officer of Colony Hardware said, “Bringing New South Construction Supply and Colony Hardware together is impactful in several ways and represents Colony’s largest partnership to date.” He added, “Earning the trust of Jim Sobeck and the New South team further reinforces the industry view that we are the partner of choice for owners of distribution companies seeking to scale their business, grow their legacy, and help their valued employees prosper. More importantly, New South’s reputation for quality customer service and their dedicated associates mirror Colony’s ‘client-driven’ culture.”
Jim Sobeck, CEO of New South, stated, “We are proud to become part of the Colony Hardware family and especially pleased that our people and locations will remain the same as we add more locations to better service contractors across the South. With Colony's leadership and reputation, I look forward to seeing New South continue on its growth trajectory with Colony’s backing. The future is bright for our business, our associates and the loyal customers of New South and Colony Hardware.”
(Source – BusinessWire)
About Colony Hardware
Colony Hardware, founded in 1988 and headquartered in Orange, CT, has 59 branches across Northeast, Mid-South, Midwest, Mid-Atlantic, and Florida. It provides Equipment & Tools, Safety Products, Supplies, Rental and Repair to construction industry. Their quality and services are unparalleled. Items are carefully chosen based on their value, durability and quality. Colony understands that the public needs goods at the correct place, timing, and price to achieve their rigorous deadlines. They stock more than 25,000 diverse goods from about 750 manufacturers. They aim to finish thousands of orders, so that tradespeople can work safely and efficiently.
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ENGINEERING TECH
Bentley Systems | February 24, 2023
On February 23, 2023, Bentley Systems, a company specializing in infrastructure engineering software, announced the acquisition of EasyPower, a renowned developer of software tools for electrical engineering professionals, including arc flash solutions. With its headquarters in Portland, Oregon, EasyPower was founded in 1984 and had been utilizing graphics-based modeling and analysis to simplify and make solving complex electrical engineering issues more accessible.
EasyPower software products are predominantly employed in designing, analyzing, and monitoring power distribution systems for commercial and industrial facilities, aiming to ensure safety, reliability, and compliance with regulations. By acquiring EasyPower, Bentley aims to expand its range of power systems design and analysis tools for various types of infrastructure digital twins, thereby enhancing its comprehensive approach to infrastructure engineering.
As we move towards a more electrified future, with energy resources spread out on both sides of the meter, the assessment and simulation of power distribution conditions and designs during the project and operating lifecycles will benefit all infrastructure assets of performance, economics, safety, and resilience. As a result, Bentley Systems is prioritizing the integration of EasyPower's schema and digital workflows into its OpenBuildings, OpenFlows, OpenPlant, OpenRail, and Bentley Raceway and Cable Management applications.
About Bentley Systems
Bentley Systems is a company that specializes in developing software solutions for infrastructure engineering. It offers innovative software tools for professionals and organizations of all sizes, enabling them to design, build, and operate various infrastructure assets such as roads, bridges, buildings, utilities, and mining facilities. Its products include MicroStation-based applications for modeling and simulation, ProjectWise for project delivery, AssetWise for asset and network performance, Seequent's geoprofessional software portfolio, and the iTwin Platform for infrastructure digital twins. The company has a worldwide presence, with operations in 186 countries and over 4,500 employees. They generate around $1 billion in annual revenues, making them one of the leading players in the infrastructure engineering software industry.
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DESIGN,ENGINEERING TECH,CONSTRUCTION
Statens vegvesen - Norwegian Public Roads Administration | January 17, 2023
The Norwegian Public Roads Administration (NPRA) recently selected Trimble's AgileAssets, an infrastructure enterprise asset management software to maintain, manage, and operate the country's 10,600-kilometer road network and related transportation infrastructure. The software complements Trimble's Quadri®, a building information modeling (BIM) collaboration solution, which utilizes cloud technology that the NPRA already employs for construction projects.
As Norway's road network becomes more complex, the combination of Trimble's Quadri and AgileAssets, will empower NPRA to meet the increasing demands by leveraging connected data to improve asset lifecycle performance, from conception and building to operations and maintenance.
Bjørn Laksforsmo, division director at NPRA, states, "Trimble has been heavily involved in the road design and construction process in Norway for years and is a trusted partner in our digital transformation." He added, "Efficiently maintaining our road network and related assets is critical for keeping our citizens safe, maximizing the benefits from our infrastructure investments and meeting the country's evolving mobility needs. With a holistic, lifecycle view of assets and as-built data, we can more efficiently perform preventive maintenance and make better-informed decisions for all of our assets as we plan for the future."
(Source – PR Newswire)
NPRA’s asset lifecycle management requirement is based on the necessity that all new projects utilize constructible models and a shared data environment. To improve the flow of real-time data across project stakeholders, NPRA started using Trimble's Quadri, which offered constructible models as well as object-based common data environment. Using Trimble's AgileAssets to extend that data to the maintenance and operations phases will provide NPRA with a holistic view of assets, offering a better picture of road objects and conditions for more precise diagnosis and faster maintenance.
Integrating Trimble's common data environment and asset management software will also increase the usefulness and accuracy of data throughout the asset's lifecycle, resulting in greater predictability, sustainability, and lower lifetime costs and informing future expansion and improvement decisions.
About Statens vegvesen - Norwegian Public Roads Administration
Founded in 1864, the Norwegian Public Roads Administration oversees the planning, construction, and operation of the county and national road networks, as well as vehicle inspection, driver training, and licensing. The Public Roads Administration is led by the Directorate of Public Roads, an autonomous body under the Ministry of Transport and Communication.
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