CONSTRUCTION
Prnewswire | April 04, 2023
Construction Partners, Inc. (NASDAQ: ROAD) ("CPI" or the "Company"), a vertically integrated civil infrastructure company specializing in the construction and maintenance of roadways across six southeastern states, today announced that it has acquired Pickens Construction, Inc., headquartered in Anderson, South Carolina. The acquisition includes one hot-mix asphalt plant, related construction operations and approximately 20 employees that will be integrated as a bolt-on to CPI's South Carolina platform company, King Asphalt, Inc., and will expand its service market in the greater Greenville, South Carolina metro area.
Fred J. (Jule) Smith, III, the Company's President and Chief Executive Officer, said, "Today's acquisition expands our reach in the dynamic Upstate region of South Carolina, along the I-85 growth corridor between Greenville and Atlanta. We are now better positioned to serve both public and private market clients in the area, and to pursue future organic growth opportunities."
About Construction Partners, Inc.
Construction Partners, Inc. is a vertically integrated civil infrastructure company operating across six southeastern states. Supported by its hot-mix asphalt plants, aggregate facilities and liquid asphalt terminal, the company focuses on the construction, repair and maintenance of surface infrastructure. Publicly funded projects make up the majority of its business and include local and state roadways, interstate highways, airport runways and bridges. The company also performs private sector projects that include paving and sitework for office and industrial parks, shopping centers, local businesses and residential developments.
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CONSTRUCTION
Businesswire | June 05, 2023
The Kleinfelder Group, Inc. (“Kleinfelder”), a leading engineering, design, construction management, construction materials inspection and testing, and environmental professional services firm, announced today that it has acquired Doucet & Associates, Inc. (“Doucet”). The transaction, which closed on May 31, 2023, fortifies Kleinfelder’s commitment to strategic growth and strengthens an already robust client and service portfolio in the growing Texas market.
Founded in 1992 and headquartered in Austin, Texas, Doucet provides civil engineering, environmental permitting, surveying, and construction management services to clients throughout Texas. Doucet is focused on delivering these services to public and private sector clients in the land development, commercial, education, healthcare, industrial, municipal, transportation, and water resources markets.
“The Doucet acquisition further establishes Kleinfelder’s presence in Texas,” stated Kleinfelder President and CEO Louis Armstrong. “Doucet’s strong client base, successful project delivery track record, and service capabilities will create near-term revenue synergy opportunities for Kleinfelder. The combination will also create numerous career opportunities for Doucet’s employees.”
With the close of the transaction, the Doucet organizational structure will remain unchanged, operating under the direction of its existing operational leadership team led by John Doucet. The Doucet organization consists of over 110 professionals spread across six offices in Texas and will be incorporated into Kleinfelder’s Central Division business unit, which is led by Executive Vice President and Central Division Director Lisa Millet.
“We are elated to find a perfectly aligned partner in Kleinfelder,” noted Doucet President Amy Doucet. “In addition to the complementary services, market strategies, and long-term client satisfaction, Kleinfelder’s culture and focus on people stood out and will allow our exceptional staff opportunities to grow together.”
Kleinfelder’s Commitment to Strategic Growth
Doucet represents Kleinfelder’s sixth acquisition over the last three years. Kleinfelder remains focused on driving a strategic plan centered on organic growth bolstered by acquisitive expansion, with the goal of acquiring firms with complementary employee-focused cultures and a trusted commitment to clients.
Winston & Strawn LLP served as legal counsel and KPMG provided transaction advisory and tax services to Kleinfelder. Morrissey Goodale LLC served as sell-side financial advisors, MouerHuston, PC as sell-side legal advisors, and PKF O’Connor Davies for transaction advisory and tax services to Doucet.
Kleinfelder. Bright People. Right Solutions.
Founded in 1961, Kleinfelder is a leading engineering, design, construction management, construction materials inspection and testing, and environmental professional services firm. Kleinfelder now employs more than 3,100 professionals and operates from over 105 office locations in the United States, Canada, and Australia. The company is headquartered in San Diego, California. Poised for growth, Kleinfelder continues to provide high-quality solutions for our diverse client base.
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DESIGN, ENGINEERING TECH
Prnewswire | April 27, 2023
Castillo Engineering announced today that it has partnered with BioStar Renewables, a national leader in financing, engineering, procurement, construction and asset management, to provide electrical design and engineering for a 15 MW solar project in Kansas. This behind-the-meter project utilizes a single-axis tracker and will power a recently built renewable diesel plant with on-site clean energy year-round. BioStar Renewables has engaged Castillo Engineering on three other solar projects throughout the country, making this their fourth project together. Now under construction, the project is expected to be complete in Q2 of 2023.
"We chose Castillo Engineering for this project because they have proven themselves to be an exceptional partner on the variety of projects they have supported us with in several different states," said David Smart, Chief Commercial Officer of BioStar Renewables. "They are extremely detail oriented during each step of the design process, and we are excited to be able to work with them to provide more sustainable energy for this state-of-the-art renewable diesel plant."
Domestic renewable diesel capacity, which can be derived from fats and oils, is expected to double by 2025, as this new plant substantially contributes to this growing trend. Given the inherent sustainable focus of the plant, it was important to the owners to power the majority of their electricity needs with solar energy and replace the facility's prior 22 MW steam generator. In order to accomplish this, Castillo Engineering efficiently overcame the project's key challenges, including directly interconnecting into a substation as well as site planning within a railroad loop, which required the firm to minimize rail crossings by optimizing conductor routes.
"We are honored to have been selected by BioStar Renewables for this exceptional project, which is contributing to a more sustainable future in more ways than one," said Christopher Castillo, CEO of Castillo Engineering. "Although we have projects throughout the entire country, we are especially looking forward to providing our design, engineering and site optimization expertise for additional impactful projects in the Midwest region this year and in the years to come."
About Castillo Engineering
Founded in 1998, Castillo Engineering is a leading design and engineering firm that delivers expertise in full service solar and energy storage design, engineering, and consulting services to developers, EPC contractors and utility companies. Castillo Engineering's services cover electrical, structural, medium and high voltage for residential and utility-scale projects ranging from 5 kW to 500 MW. The firm's experience completing 1.5 GW of solar and energy storage projects and unmatched expertise has made it the go-to solar engineering firm for utility-scale ground mount system construction documents for the industry's top EPCs and developers. The firm was ranked by Inc 5000 two years in a row as one of the fastest growing companies in the U.S., as well as the 9th fastest growing engineering firm in the nation. Castillo Engineering is based in Maitland, Florida, and is licensed in all 50 U.S. states and Puerto Rico. Learn more at castillope.com
About BioStar Renewables
BioStar Renewables is a clean energy company dedicated to playing a leading role in ensuring a lower carbon future. BioStar provides financing, turnkey engineering, procurement, construction and asset management of renewable energy assets. BioStar's team has successfully financed and/or developed more than $200mm in transactions across the renewable electricity, renewable natural gas and organic fertilizer markets. BioStar helps its customers achieve their environmental and sustainability goals by delivering low cost renewable energy and seamless operations and maintenance services.
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