Celebrating tomorrow’s timber talent

PBC Today | April 17, 2020

TRADA’s University Challenge 2020 saw students from across the UK design timber community housing that is low-carbon, energy and water efficient, climate-resilient, healthy and desirable. The winners were announced in February. Six talented students scooped first prize for their timber-based housing scheme design at the TRADA University Challenge 2020. Kyle Crossley from Leeds Beckett University, Ryan Jessop from the University of Hertfordshire, Aslinn Aijian Zha from Cardiff University, Kai Yusaf Chelliah from the University of Bristol, Kat Cookes from the University of Gloucestershire and Aaron Shaw from Sheffield Hallam University overcame nine rival teams to win a cash prize and walk away winners. The competition, which took place 17–19 February, saw 58 students from universities across the UK gather at Cardiff University and compete to design, cost and engineer the best low-carbon, energy and water-efficient timber community housing in less than 48 hours.

Spotlight

The undergraduate curriculum for physics and electrical engineering have some similarities that students may not be aware of. With both majors, you get to see circuits, basics physics concepts, and even electromagnetic waves.

Spotlight

The undergraduate curriculum for physics and electrical engineering have some similarities that students may not be aware of. With both majors, you get to see circuits, basics physics concepts, and even electromagnetic waves.

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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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ENGINEERING TECH

Audubon Engineering Company Enters a Three-year Contract With Shell Offshore Inc.

Audubon Engineering Company | June 03, 2022

Shell Offshore Inc., a subsidiary of Shell plc, has signed a three-year contract with Audubon Engineering Company LP (Audubon), a leading provider of engineering, procurement, construction, and fabrication services, to provide brownfield engineering and procurement (EP) services for Shell's Mars Corridor. The contract includes some of Shell's offshore assets in the U.S. Gulf of Mexico, including the Mars, Olympus, Ursa, and Vito tension leg platforms, and has two one-year extension options. The water depths in this deep-water portfolio range between 3,000 and 4,000 feet (914 to 1,200 meters). Topside engineering and procurement services are included in the contract, which includes single-well subsea tiebacks, crane, lifeboat, and HVAC replacements, controls, firewater system, and utility upgrades, gas-lift installation, and prefabricated skid packages. The contract will be carried out by Audubon's strong local operating centers in New Orleans, Louisiana, and Houston, Texas. This deal builds on the company's history of providing Shell with integrated engineering and technical services. We’re delighted that Shell has selected Audubon to be its contractor for these assets. We are committed to driving value and efficiency for Shell to further enhance and extend productivity across its assets in the Mars Corridor.” Ryan Hanemann, President of Audubon Engineering Company He further added, “Audubon is proud of our accomplishments in the GOM region, and this contract award further positions our business for growth and continued delivery in the area.”

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CONSTRUCTION

The North American Construction Group Ltd. has Announced the strategic Acquisition of an Australian Component Supplier

North American Construction Group Ltd. | June 10, 2021

North American Construction Group Ltd. announced today that it has entered into a definitive agreement to acquire DGI Trading Pty Limited (“DGI”) for an estimated $23.5 million. DGI, situated in Kempsey, New South Wales, Australia, supplies vital components to the mining sector via commercial partnerships and a complex logistical network. DGI maintains a network of suppliers and partner facilities in over ten significant countries, allowing for flexible and cost-effective connections. DGI personnel are well-versed in all industry-standard equipment and have unrivaled knowledge in this specific field. The acquisition represents another significant move in the Company’s attempts to vertically integrate its capital maintenance program while diversifying its service offerings. The acquisition price is based on a closing price equal to DGI’s net tangible assets and subsequent payments based on the business’s profitability over four years. The total anticipated acquisition price reflects a 3.0x EBITDA multiple over the next twelve months based on our opinion that current global demand for mining components has returned to, and will remain stable at, or perhaps surpass, pre-COVID 19 levels the next twelve months..The transaction is scheduled to close on July 1, 2021, and will be financed using existing debt facilities. About North American Construction Group Ltd. North American Construction Group Ltd. is a significant provider of heavy construction and mining services in Canada. NACG has been providing services to many mining and resource industries for over 65 years.

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