CONSTRUCTION

Day & Zimmermann Maintenance and Construction Extends 42 Year Old Partnership with Dominion Energy

DAY & ZIMMERMANN | July 12, 2022 | Read time : 02:15 min

Day & Zimmermann news
Day & Zimmermann (D&Z), the century-old, family-owned provider of construction, engineering, maintenance, staffing, and defense solutions for leading corporations and governments around the world, announced today that Dominion Energy (Dominion) has selected its Maintenance and Construction business unit as its open shop maintenance and modifications provider at North Anna, Surry, and V.C. Summer power stations. The agreement extends a 42-year-old alliance with Dominion through 2025 with the option to renew for another two years.

As part of this agreement, D&Z will continue providing its industry-leading maintenance services, including outage and on-line electrical, welding and piping, scaffolding, insulation, and painting scopes.

"It's both exciting and humbling to extend our long-term alliance with Dominion Energy, For the past 42 years, we've been able to apply our maintenance and construction expertise in ways that have helped multiple Dominion power stations achieve and sustain excellence in safety, quality, and plant performance. This extended partnership validates our company's commitment to finding innovative solutions for our clients' evolving needs, and we're excited to continue working together now and in the future." 

-Ross McConnell, President of D&Z's Maintenance and Construction open shop operations.

Day & Zimmermann Maintenance and Construction helps plant owners in the nuclear power, chemical, and industrial markets lower their total cost of ownership by delivering innovative maintenance and construction services and solutions. The business unit did not experience a single OSHA recordable injury in 2020 or 2021.

"For decades, Day & Zimmermann has helped our plants perform to exemplary standards of safety and reliability. As a result, we've been able to consistently provide reliable, affordable, clean energy to our customers, who count on us every day for their energy needs, We'd like to thank Day & Zimmermann for their continued support and are excited to extend this partnership."

-Dan Stoddard, Senior Vice President and Chief Nuclear Officer Dominion Energy.

ABOUT DAY & ZIMMERMANN-
When you've been around for more than a century, you know a thing or two. At Day & Zimmermann, we take our lifetime of experience and make things better. Our 51,000+ employees help bring big ideas to life every day. We're pushing the boundaries of innovation in construction & engineering, operations & maintenance, staffing, and security & defense. And that's not all. Did we mention that we have 150+ worldwide locations with $2.7 billion USD in annual revenue? We put people to work, we protect American freedoms, and we help our customers power and improve the world. We do what we say®.

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Bentley Systems Enhances SYNCHRO Construction Management Solution with New Capabilities and Applications

Bentley Systems | November 14, 2022

Bentley Systems, Incorporated (Nasdaq: BSY), the infrastructure engineering software company, today announced advancements to its construction management solution with enhancements to SYNCHRO 4D and the addition of SYNCHRO Cost and SYNCHRO Perform applications. The new advancements and portfolio expansion enable construction firms to transform how they plan, manage, and execute their projects. “SYNCHRO helps The Lane Construction Corporation have access to all our project-level data. Our field and corporate managers, along with the executives who lead them, now have timely access to critical business information through SYNCHRO, It is access to this information that helps improve forward-looking decision-making. Our industry has been far too reliant on backward-looking reports and analysis. It is time to start looking ahead and planning for success. SYNCHRO helps us make a plan that we can rely on.” -Andy Kaiyala, former vice president of bid development, The Lane Construction Corporation. SYNCHRO 4D now offers advanced 4D/5D model authoring with leading-edge model-splitting tools to create constructible components, assignment of construction attributes to the model, mixed reality modeling, construction geometry placement, and web and mobile access to improve team collaboration, status updates, and progress reporting from the field. The addition of SYNCHRO Cost helps project teams control budgets and track financial progress throughout the contract with support for multicontract capture, payment application tracking, and change order management, minimizing financial risk and maximizing project profits. SYNCHRO Perform enables construction performance management including the ability to capture daily progress quantities, diaries, unplanned events, timesheets, tickets, and estimated field costs to provide the shortest cycle time for project feedback and productivity insights. Construction firms are striving to deliver more complex projects, address resource gaps and supply chain disruptions, and manage data transparency issues while trying to win more work, manage risk, and deliver profitability. SYNCHRO’s advancements in leveraging 4D/5D models with web access for team collaboration, performance management for progress tracking and reporting, and cost management to minimize risk and maximize profits will transform the way projects are planned and delivered – with digitized workflows to address these challenges. Leading-edge construction firms are using 4D models to build and optimize schedules and communicate sequencing and staging in a virtual environment. Digital rehearsals are a core part of their planning process to ensure resources are optimized, reducing rework and increasing safety. With the enhancements to SYNCHRO 4D, the accessibility and value of the 4D model is extended to more project stakeholders. The new capabilities improve communication and coordination of optimized plans, enabling real-time collaboration and model-based field-collected data to ensure projects stay on track. “Construction teams need to ensure that they are in control of both the schedule and costs of their projects, The addition of SYNCHRO Cost and SYNCHRO Perform extends SYNCHRO’s industry leading 4D scheduling and project management solutions to include more capabilities to help contractors manage their costs and effectively connect the planning and tracking of costs and schedule. Time is money and we want project teams to save more of both with SYNCHRO.” -Rich Humphrey, vice president of construction at Bentley Systems. SYNCHRO Cost works with SYNCHRO 4D’s model-based quantity take-off, which includes model splitting to generate constructible components complete with work breakdown structure and cost codes so that estimators can quickly and accurately generate estimates. Moreover, SYNCHRO Cost can control contract changes and simplify payment applications, tracking line items and percentage complete against a schedule of values. SYNCHRO Cost leverages the performance data in SYNCHRO Perform so project teams can manage and leverage field performance data to gain an accurate picture of actual costs from the field to compare to planned costs and schedule, delivering a complete view of the project’s performance. These digital workflows better connect the office and job site with real-time information. Supplementing contracts and change orders with evidentiary documents and images can prove invaluable in avoiding contract disputes. With daily, clear line-of-sight into the management of all site resources from staff, sub-contractors, and equipment, SYNCHRO Perform fills the gaps between end-of-month financial reporting cycles. And, with project leadership potentially at a disadvantage when it comes to decision-making due to delays in progress capture and errors in data entry, SYNCHRO Perform provides a timely source of truth for all performance management data and metrics, so that project leadership knows the health of every project. Construction-specific features capture daily progress quantities, diaries, unplanned events, timesheets, tickets, and estimated costs from field personnel, providing leadership with the timely data they need to make informed decisions. SYNCHRO supports the entire heavy civil construction project lifecycle, empowering firms going digital with real-time insight into the performance, productivity, and financial health of their projects to make more-informed, data-driven decisions. Project teams stay connected and become collaborative with simple mobile and web interfaces for office-to-field workflows. About Bentley Systems: Bentley Systems (Nasdaq: BSY) is the infrastructure engineering software company. We provide innovative software to advance the world’s infrastructure – sustaining both the global economy and environment. Our industry-leading software solutions are used by professionals, and organizations of every size, for the design, construction, and operations of roads and bridges, rail and transit, water and wastewater, public works and utilities, buildings and campuses, mining, and industrial facilities. Our offerings include MicroStation-based applications for modeling and simulation, ProjectWise for project delivery, AssetWise for asset and network performance, Seequent’s leading geoprofessional software portfolio, and the iTwin platform for infrastructure digital twins. Bentley Systems employs more than 4,500 colleagues and generates annual revenues of approximately $1 billion in 186 countries.

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Atwell expands into Mid-Atlantic with acquisition of Ben Dyer Associates, Inc.

Atwell | December 05, 2022

In its second transaction this quarter, Atwell has acquired Ben Dyer Associates, Inc., a 60-person engineering firm based in Maryland. Ben Dyer Associates specializes in civil engineering, land planning, and surveying services for land development and redevelopment projects throughout Maryland and the District of Columbia. The terms of the transaction were not disclosed. This acquisition expands Atwell’s reach into the US Mid-Atlantic region and will strengthen Atwell’s ability to support a variety of land development projects, including single and multi-family residential, commercial, and industrial. Ben Dyer is also experienced in the power and energy market, enhancing Atwell’s ability to support solar projects on the east coast. “Atwell and Ben Dyer share a similar business strategy – we guide and advise our clients through every stage of a project from concept to completion, This acquisition supports an expansion into a new region for Atwell and is another meaningful advancement of our long-term strategic growth.” -Brian Wenzel, President and Chief Executive Officer of Atwell. Alignment of culture and values is incredibly important for us, said Steve Mauersberg, President of Ben Dyer Associates. Ben Dyer and Atwell share a joint vision of improving our communities, helping our clients achieve success, and providing opportunities for our employees. The company founder, Ben Dyer, entered private practice as a registered professional engineer and land surveyor in 1935. In 1952, the company was incorporated as Ben Dyer Associates, Inc. Mauersberg began his career with Ben Dyer Associates in 1986. Every president’s career has spanned more than three decades with the company. “We’re excited to welcome the members of Ben Dyer to the team, We believe that Ben Dyer is the right firm for expanding our geographic footprint while continuing to provide expert service to our land development clients.” -Bill Anderson, Vice President of Land Development in the US East at Atwell. Atwell continues to expand its geographic footprint, service offerin-gs, and capabilities through organic growth and strategic acquisitions. Last month, Atwell financed the acquisition of Cross Surveying, a 28-person land surveying firm based in Florida. About Atwell, LLC: It is a national consulting, engineering, and construction services firm with technical professionals located across the country totaling more than 1,400 team members. Creating innovative solutions for clients in industries such as real estate and land development, power and energy, and oil and gas, Atwell provides comprehensive turnkey services including land and right-of-way support, planning, landscape architecture, engineering, land surveying, environmental compliance and permitting, and project and program management.

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CONSTRUCTION

Shoreline Equity Partners Announces Partnership with Core Roofing

Core Roofing | November 30, 2022

Shoreline Equity Partners, LLC ("Shoreline" or the "Firm"), a purpose-driven lower middle market private equity firm, has partnered with Core Roofing Systems, LLC ("Core Roofing" or the "Company"). Headquartered in Alpharetta, GA, Core Roofing is a leading provider of commercial re-roofing, maintenance, repair, inspection, and new roofing systems across the Southeast. The Company was founded by Dusty DeVore in 2002 and has since grown to more than 180 employees with a diverse set of customers across Georgia, Florida, Alabama, Arkansas, Mississippi, North Carolina, South Carolina, and Virginia. With a 20+ year history and respected brand and reputation, Core Roofing has successfully positioned itself as one of the leading commercial roofing service providers in the Southeast. Moving forward, and in partnership with Shoreline, Core Roofing is looking to execute on an aggressive growth plan via organic initiatives and acquisitions. The new partnership with Shoreline provides the Company with both the acquisition experience and access to capital needed to partner with other leading commercial roofing businesses across the U.S. Dusty DeVore has maintained a significant ownership position in the business and will continue to lead the Company going forward. "Dusty and the entire team have done an outstanding job of growing Core Roofing into a clear market leader over the last 20 years. The Company has built an exceptional brand and reputation as the go-to commercial roofing service provider for its customers and suppliers. It was clear from our first conversation with Dusty that Core Roofing would be a great fit for Shoreline due to the quality of the business and its people. We are grateful to partner with Dusty and the team to continue building a leading commercial roofing platform across the Southeast and nationally." -Mike Hand , Managing Partner at Shoreline. Zach Mittelmark , Principal at Shoreline, said, Upon meeting with Dusty and the broader Core Roofing team, we immediately knew we had found the right platform to partner with in the commercial roofing space. Core Roofing has built an incredibly unique and difficult-to-replicate maintenance and repair service offering which allows them to provide superior customer service throughout the full lifecycle of every commercial roof. We are beyond excited to help Core Roofing embark on an ambitious add-on acquisition story with the goal of becoming one of the largest commercial re-roofing companies in the US over the years to come. "We could not be more thrilled to partner with Shoreline. It was incredibly important that we found a partner that aligned with our values. Core Roofing was built on the strength of the relationships with our customers, suppliers, employees, and the community at large, and Shoreline shares our belief in the importance of consistently delivering for those key constituents. We are excited to accelerate our growth both organically and through acquisitions in partnership with the Shoreline team while ensuring that we maintain our high standards for work quality, customer service, and relationships for which Core Roofing is known." -Dusty DeVore , Founder and CEO of Core Roofing. The transaction for Shoreline was led by Mike Hand, Managing Partner; Zach Mittelmark, Principal; Mike Mancini, Senior Associate; Pete Bouret, Senior Associate; and Mike Dolak, Associate. Harvey & Company served as an advisor to Shoreline, while South State Bank provided the financing for the transaction . About Core Roofing: Founded in 2002 and headquartered in Alpharetta, GA, Core Roofing is a leading provider of commercial roofing solutions including re-roofing, maintenance, repair, inspection, and new roofing systems. With over 180 employees and offices in Georgia and Florida, Core serves a diversified customer base across the Southeast, including commercial and industrial property owners, property management companies, REITs, and municipalities, among others. About Shoreline: Shoreline is a lower middle market private equity firm focused on actively partnering with leading management teams. Shoreline follows a total stakeholder model, meaning success should be a "win-win" proposition for shareholders, employees, customers, vendors, and the communities within which the Firm's companies operate. Shoreline professionals believe in honesty, incentive alignment, and creating bigger, better businesses without relying on financial engineering or cost cutting to generate returns. Investing out of the Firm's inaugural $300 million fund, Shoreline seeks to lead equity investments of up to $100 million per transaction in support of buyouts, recapitalizations, and corporate divestitures. Targeted businesses have enterprise values ranging from $25 million to $250 million and EBITDA of $3 million to $25 million. The Firm strives to partner with management teams of businesses primarily within the specialized manufacturing, value-added distribution, and business and facility services sectors, among others.

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