ConExpo-Con/AGG Explores the Future of Construction at Return of The Tech Experience

ConExpo | March 16, 2020

Whether it is artificial intelligence, autonomous equipment, big data, small gadgets, new energy technologies, sustainable highways or the future of cities themselves, ConExpo-Con/AGG's Tech Experience focused on what contractors and manufacturers need to know to keep ahead of the technology curve. I'm amazed at what some of the minds we have here at the Tech Experience think up, said Helen Horner, director of education programs at the Association of Equipment Manufacturers, the organization that co-owns and operates ConExpo-Con/AGG. What we're seeing in bringing all these ideas to one place is how some of them connect to form new ideas. Hopefully, those ideas germinate after the show to give us even more amazing technology to explore at the next ConExpo-Con/AGG. One example was a Tech Talk on wireless energy transfer built into roadways to continuously charge electric vehicles while they drive, followed by a talk on turning concrete into a battery.

Spotlight

All-pervasive process automation remains the holy grail in the enterprise landscape, the substantial productivity benefits delivered by lean techniques and workflow standardization notwithstanding. This could change dramatically with the advent of Robotic Process Automation (RPA), which can foster enhanced operational efficiency in a non-intrusive manner by harnessing existing IT systems and the in-depth knowledge of day-to-day operations.

Spotlight

All-pervasive process automation remains the holy grail in the enterprise landscape, the substantial productivity benefits delivered by lean techniques and workflow standardization notwithstanding. This could change dramatically with the advent of Robotic Process Automation (RPA), which can foster enhanced operational efficiency in a non-intrusive manner by harnessing existing IT systems and the in-depth knowledge of day-to-day operations.

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ENGINEERING TECH

VTG Wins Navy Hypersonics Engineering Prime Contract

VTG | September 16, 2021

VTG, an industry-leading provider of force modernization and digital transformation solutions, announced today that it has won a prime contract from the U.S. Navy Strategic Systems Programs to provide engineering services for the Navy's hypersonic strike capability, a top Defense Department priority. Under the single-award contract, VTG will support the Conventional Prompt Strike Program Office, a division of SSP, with research and development expertise, systems engineering, test planning and test engineering, logistics, and a wide range of programmatic and technical services. "VTG is honored to partner with Navy SSP and the CPS Program Office in developing and fielding a hypersonic weapon," said John Hassoun, VTG president and CEO. "We recognize the importance of hypersonic technologies as a deterrent to near-peer competitors, and we are proud to be a key member of the growing hypersonic industrial base." CPS will provide the Navy with a hypersonic conventional weapon capable of precise, timely, long-range strike against deep-inland, time-critical, soft- and medium-hardened targets in contested environments. The missile, which is comprised of a hypersonic glide body and a two-stage booster, will fly at speeds exceeding Mach 5 and be launched from both surface ships and submarines. The Navy is the lead designer for the common hypersonic missile that will be fielded by both the Navy and the Army. The Navy plans to deploy the first CPS weapon system aboard the Zumwalt-class destroyers in FY2025 followed by the Virginia-class attack submarines in FY2028. Navy SSP's selection of VTG to support the CPS program follows a string of other recently announced awards that have positioned VTG as a critical partner to the Navy in delivering the diverse array of offensive, defensive, and digital capabilities needed for Distributed Maritime Operations. In July, VTG announced its selection to integrate the ODIN directed energy laser weapon system aboard the Arleigh Burke-class destroyers. Earlier this year, VTG announced that it had started work on a prime contract to support the Naval Digital Integration Support Cell in accelerating naval digital transformation. "VTG is excited to add hypersonics to our growing portfolio of engineering expertise," said Sunil Ramchand, VTG chief growth officer. "We're looking forward to supporting the CPS program and doing what we do best: leveraging top engineering and technical talent to rapidly deliver transformative capabilities and technologies to the Fleet." About VTG VTG delivers force modernization and digital transformation solutions that expand America's competitive advantage in the modern battlespace. Headquartered in Chantilly, Virginia, VTG provides full lifecycle engineering for naval, aerospace, network, and digital requirements. Whether at sea, in the air, on land, or in cyberspace, VTG delivers Tomorrow's Transformation Today.

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ENGINEERING TECH

Building Industry Partners Forms New Specialty Building Product in Partnership With Building Products Manufacturing Industry Veteran Ted Rock

Building Industry Partners | September 01, 2021

Building Industry Partners LLC (“BIP”), the leading building industry-focused private equity investment firm, has formed a new specialty building products component manufacturing platform in partnership with building industry veteran Ted Rock – North American Specialty Laminations (“American Laminations”). BIP and Mr. Rock formed American Laminations to build a best-in-class, people-first component profile wrapping and specialty manufacturing organization. Concurrent with its formation, American Laminations made its inaugural investment, the acquisition of the assets of SourceCut Industries, Inc. in partnership with SourceCut’s existing owners and management team. Founded in 1999, SourceCut Industries, Inc. (“SourceCut”) is a fast-growing manufacturer of laminated, composite and wood components serving the residential and commercial Window & Door, Cabinet & Casegood, Architectural Millwork, Furniture and Fixture/Display Industries. This partnership and investment in SourceCut will help bring to life the Wiedenhoeft family’s vision for the business – investing in human and capital resources to bolster service of existing and new customers and position the business for significant organic and acquisition-related expansion. Brad Wiedenhoeft, founder of SourceCut, continues with American Laminations as Chief Revenue Officer. Zach Wiedenhoeft continues in his current role of President, with responsibility for the day-to-day operations of the facilities in Osseo, Wisconsin. Both Brad and Zach Wiedenhoeft will support Mr. Rock who will serve as Chief Executive Officer of North American Specialty Laminations. SourceCut Industries, Inc. will retain their business’ name. Matt Ogden, Founder & Managing Partner of BIP, said, “We’re excited to kick off our new specialty component manufacturing platform with SourceCut as our foundation, and are looking forward to working alongside the Wiedenhoeft family to build on all they have achieved. We’re also introducing a proven, growth-minded manufacturing leader in Ted Rock, growth capital, and a commitment to driving enhanced results for our employees, customers, and business operations overall. Mr. Ogden also noted, “North American Specialty Laminations is BIP’s second new platform under our people-first purpose. BIP renewed its purpose to drive a new standard in its investing that better aligns shareholder, management and employee interests, and prioritizes human capital management as a strategic pillar to building better businesses, generating better investment returns, and helping employees actualize their career goals. Brad Wiedenhoeft, the founder of SourceCut, commented “BIP’s commitment to SourceCut’s people was an intriguing factor in pursuing this partnership. BIP’s relationships, talent resources, and capital investment will allow us to continue our strategic growth plan – providing our customers excellent service levels with quality products. Most importantly, enhancing our pursuit to provide our employees best in class opportunities. I’m very excited about the positive impact this partnership will have for our great employees, and for our customers who trust us with their business.” Ted Rock joins as Chief Executive Officer of North American Specialty Laminations, drawing on his 15+ years of experience with market-leading building products manufacturing companies, and successful track record of growing private equity-backed organizations. Mr. Rock will lead the company’s future growth, including an ambitious plan to expand the platform’s footprint. He most recently served as Chief Executive Officer of Panoramic Doors, Senior Vice President of PGT Innovations, and as Chief Operating Officer of Atrium Windows and Doors. Pat Mascia, Partner & Head of Strategic Development for BIP, said, “We are grateful for the opportunity to partner with a talented and experienced leader like Ted Rock - his unique experience across Private Equity, Specialty Manufacturing, and the Window and Door segment make him especially qualified to lead American Laminations. We are honored to be working alongside Mr. Rock and the Wiedenhoeft family to build on the success they have each achieved individually, and to bring our collective experiences, skills, and resources together to drive a game-changing platform.” Ted Rock commented, “It has been a pleasure to get to know the Wiedenhoeft family, and a privilege to be entrusted to lead this platform alongside them. I am delighted by the opportunity to partner with BIP, a firm that I have admired both for their investment track record and for their explicit commitment to the employees of BIP portfolio companies. This is a fantastic opportunity for me and for SourceCut, and I’m looking forward to being a contributor to BIP’s ‘Do Good and Do Well’ mission.” Two BIP Operating Partners – Peter Stroble and Chris Kliefoth – will be joining the Board of North American Specialty Laminations as Directors. Mr. Stroble previously held roles as Chief Strategy Officer, Chief Operating Officer, and Chief Financial Officer of Alta Forest Products, North America's largest manufacturer of fence boards, as well as President of Alta's predecessor, Welco Lumber Company. Mr. Kliefoth is a Wisconsin native, with deep experience in private equity, manufacturing, and leadership – including 15+ years as President of Nationwide Industries. Partners involved in this opportunity were Holland & Knight LLC and Fifth Third Bank. Intrinsic LLC, CBIZ Insurance Services, Inc., DSG Benefits Group, and ATEC were also instrumental. Building Industry Partners (“BIP”) Forms New Specialty Building Products Component Manufacturing Platform, North American Specialty Laminations (“American Laminations”), in Partnership With Building Products Manufacturing Industry Veteran Ted Rock American Laminations seeks to build a best-in-class component profile wrapping and specialty manufacturing organization to better serve the building products industry. The Company will engage people-first business practices and broad-based employee ownership as part of BIP’s mission to better align collective shareholder, management & employee interests, elevate workforce prosperity, and drive enhanced organizational performance in its portfolio companies. American Specialty Laminations makes its inaugural investment via the acquisition of the assets of SourceCut Industries Inc. (based in Osseo, Wisconsin), in partnership with Ted Rock, Brad and Zach Wiedenhoeft, and the business’ managers and workforce. August 30, 2021 10:20 PM Eastern Daylight Time OSSEO, Wis.--(BUSINESS WIRE)--Building Industry Partners LLC (“BIP”), the leading building industry-focused private equity investment firm, has formed a new specialty building products component manufacturing platform in partnership with building industry veteran Ted Rock – North American Specialty Laminations (“American Laminations”). BIP and Mr. Rock formed American Laminations to build a best-in-class, people-first component profile wrapping and specialty manufacturing organization. Concurrent with its formation, American Laminations made its inaugural investment, the acquisition of the assets of SourceCut Industries, Inc. in partnership with SourceCut’s existing owners and management team. Founded in 1999, SourceCut Industries, Inc. (“SourceCut”) is a fast-growing manufacturer of laminated, composite and wood components serving the residential and commercial Window & Door, Cabinet & Casegood, Architectural Millwork, Furniture and Fixture/Display Industries. This partnership and investment in SourceCut will help bring to life the Wiedenhoeft family’s vision for the business – investing in human and capital resources to bolster service of existing and new customers and position the business for significant organic and acquisition-related expansion. Brad Wiedenhoeft, founder of SourceCut, continues with American Laminations as Chief Revenue Officer. Zach Wiedenhoeft continues in his current role of President, with responsibility for the day-to-day operations of the facilities in Osseo, Wisconsin. Both Brad and Zach Wiedenhoeft will support Mr. Rock who will serve as Chief Executive Officer of North American Specialty Laminations. SourceCut Industries, Inc. will retain their business’ name. Matt Ogden, Founder & Managing Partner of BIP, said, “We’re excited to kick off our new specialty component manufacturing platform with SourceCut as our foundation, and are looking forward to working alongside the Wiedenhoeft family to build on all they have achieved. We’re also introducing a proven, growth-minded manufacturing leader in Ted Rock, growth capital, and a commitment to driving enhanced results for our employees, customers, and business operations overall. Mr. Ogden also noted, “North American Specialty Laminations is BIP’s second new platform under our people-first purpose. BIP renewed its purpose to drive a new standard in its investing that better aligns shareholder, management and employee interests, and prioritizes human capital management as a strategic pillar to building better businesses, generating better investment returns, and helping employees actualize their career goals. Brad Wiedenhoeft, the founder of SourceCut, commented “BIP’s commitment to SourceCut’s people was an intriguing factor in pursuing this partnership. BIP’s relationships, talent resources, and capital investment will allow us to continue our strategic growth plan – providing our customers excellent service levels with quality products. Most importantly, enhancing our pursuit to provide our employees best in class opportunities. I’m very excited about the positive impact this partnership will have for our great employees, and for our customers who trust us with their business.” Ted Rock joins as Chief Executive Officer of North American Specialty Laminations, drawing on his 15+ years of experience with market-leading building products manufacturing companies, and successful track record of growing private equity-backed organizations. Mr. Rock will lead the company’s future growth, including an ambitious plan to expand the platform’s footprint. He most recently served as Chief Executive Officer of Panoramic Doors, Senior Vice President of PGT Innovations, and as Chief Operating Officer of Atrium Windows and Doors. Pat Mascia, Partner & Head of Strategic Development for BIP, said, “We are grateful for the opportunity to partner with a talented and experienced leader like Ted Rock - his unique experience across Private Equity, Specialty Manufacturing, and the Window and Door segment make him especially qualified to lead American Laminations. We are honored to be working alongside Mr. Rock and the Wiedenhoeft family to build on the success they have each achieved individually, and to bring our collective experiences, skills, and resources together to drive a game-changing platform.” Ted Rock commented, “It has been a pleasure to get to know the Wiedenhoeft family, and a privilege to be entrusted to lead this platform alongside them. I am delighted by the opportunity to partner with BIP, a firm that I have admired both for their investment track record and for their explicit commitment to the employees of BIP portfolio companies. This is a fantastic opportunity for me and for SourceCut, and I’m looking forward to being a contributor to BIP’s ‘Do Good and Do Well’ mission.” Two BIP Operating Partners – Peter Stroble and Chris Kliefoth – will be joining the Board of North American Specialty Laminations as Directors. Mr. Stroble previously held roles as Chief Strategy Officer, Chief Operating Officer, and Chief Financial Officer of Alta Forest Products, North America's largest manufacturer of fence boards, as well as President of Alta's predecessor, Welco Lumber Company. Mr. Kliefoth is a Wisconsin native, with deep experience in private equity, manufacturing, and leadership – including 15+ years as President of Nationwide Industries. Partners involved in this opportunity were Holland & Knight LLC and Fifth Third Bank. Intrinsic LLC, CBIZ Insurance Services, Inc., DSG Benefits Group, and ATEC were also instrumental. About Building Industry Partners Building Industry Partners (“BIP”) is the leading private equity investment firm focused on the U.S. building industry. Founded by Matt Ogden in 2008, BIP is headquartered in Boston, with partners across the U.S. The firm is led by Matt and Partners Pat Mascia, Pete Robinson, and Stu Kliman and supported by the firm’s Operating Partners. BIP invests its Partners’ own capital, as well as that of a number of strategic, like-minded investors, including business leaders and family offices affiliated with the U.S. building industry.

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MARKET

Rimkus Consulting Group, Inc. Acquires Capital Consulting International

Rimkus Consulting Group | December 23, 2021

Rimkus Consulting Group, Inc. (“Rimkus”), a worldwide provider of forensic engineering and technical consulting services, announced the acquisition of Capital Consulting International (“CCi”), a global consultancy of delay, quantum, and technical experts advising the insurance and construction industries. As a result of the acquisition, Rimkus is significantly expanding the company’s international footprint in the United Kingdom, United Arab Emirates, Singapore, Australia, and New Zealand.“We have been looking for the right opportunity to introduce the Rimkus name in areas where we have not been represented prior to this acquisition. CCi’s unparalleled reputation in helping its clients resolve construction claims and disputes and geographic footprint greatly expand our capabilities worldwide,” said Curtis Brown, Chairman and Executive Director, Rimkus Consulting Group. “As our clients continue to expand, we understand the importance of growing both geographically in reach and services. As we join our teams together, we’ll share the same values of providing specialized approaches and client-first relationships. The growing Rimkus portfolio and team is proving to be one of the best in the industry,” -Robert Kocher, President and Chief Executive Officer, Rimkus Consulting Group. Joining forces with Rimkus allows us to significantly expand our core skill sets, especially our forensic engineering and technical disciplines on insurance claims and construction disputes around the world. We’re looking forward to being able to deliver our triumvirate of services of time, cost, and engineering on a truly global basis, utilizing the resources and geographic reach that Rimkus affords us. This is a very special and unique day for both companies, and I am very much looking forward to being a part of our continuing journey together, said Alan Purbrick, Chief Executive Officer of Capital Consulting International. Rimkus operates more than 101 offices across the United States, Canada, and the United Kingdom with a network of more than 1,100 employees. About Rimkus Consulting Group, Inc. Rimkus Consulting Group, Inc. is a worldwide provider of forensic engineering and technical consulting services to corporations, insurance companies, law firms, and government agencies. Rimkus forensic experts assist clients with the responsive and timely resolution of claims and disputes across a wide range of industries. Rimkus also provides architecture, engineering, and construction services for the built environment, including restoration design, facilities risk assessments, and due diligence property condition assessments. For more than 35 years, the company’s professional engineers, architects, scientists, and technical specialists have been recognized for their commitment to service excellence by local, national, and international business communities. Rimkus operates more than 101 offices across the United States, Canada, and the United Kingdom. For more information, visit www.rimkus.com. About Capital Consulting International CCi is an independent consultancy that has an international reputation for expertise in both the insurance and construction industries. The company’s delay, quantum, and technical experts bring clarity and resolution to some of the world’s largest and most complex claims and construction disputes. With a dedicated team of industry experts operating from 17 offices around the world, CCi is focused on building long-term relationships with stakeholders to provide the relevant support to meet their changing business needs. With more than 25 years’ experience, CCi has an enviable reputation for truly unique and unrivalled service to the global insurance and construction markets. For more information, visit www.cci-int.com.

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