Digital Infrastructure Mapping Initiative Builds Momentum in California

CivilGrid | July 22, 2022 | Read time : 02:01 min

Digital Infrastructure news
San Francisco-based startup CivilGrid is modernizing infrastructure planning with a data sharing platform unprecedented in scale and security. In the last 15 months, CivilGrid's $2.2M pre-seed fundraise propelled hiring, product development, and data acquisition initiatives, which have led to new collaborations with infrastructure owners across California.

Pacific Gas and Electric Company (PG&E), a combined gas and electric utility serving more than 16 million customers across Northern and Central California, is working with CivilGrid to share gas and electric asset locations with companies planning projects across PG&E's entire service area.

Underground data is critical, yet difficult to obtain in predictable formats or time frames. The US construction industry loses $30B each year due to utility line strikes, despite widespread use of locate and mark services. Project costs increase quickly when unexpected site conditions occur. Founder Josh Mackanic spent 14 years in the utility and construction industry navigating problems caused by gaps in built environment data. Recognizing an opportunity to improve safety and efficiency, he launched CivilGrid in 2020 as a reliable source of site intelligence for engineering and construction personnel.

CivilGrid offers a comprehensive map interface with utility locations, site hazards, geotechnical conditions, land rights, and permit constraints. The platform also identifies project conflicts or coordination opportunities by comparing work plans across infrastructure operators. Through CivilGrid, engineers, planners and project managers accelerate site evaluation, reduce dig-in risk, and optimize multiyear project portfolio plans.

CivilGrid users are planning and coordinating projects more efficiently, resulting in dramatic cost savings. One team at a telecommunications engineering services firm is reducing data acquisition and processing costs by 90% and reducing lead times from months to minutes.

San Jose Water, an investor-owned public water utility serving 1 million people in the greater San Jose area, now references CivilGrid during interagency coordination meetings to improve work sequencing in the public ROW. It is immensely useful to have the GIS layers of multiple municipalities/utilities on a GIS map all at once, explains an engineer from San Jose Water. CEO and Founder Josh Mackanic adds, CivilGrid is improving how infrastructure projects are developed, and these projects are the lifeblood of our local economies. These improvements benefit an entire ecosystem of stakeholders, from project engineers to local businesses.



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Construction Forms, an H.I.G. Capital Portfolio Company, Completes Acquisition of Tricon Wear Solutions

Businesswire | July 25, 2023

H.I.G. Capital, a leading global alternative investment firm with $57 billion of capital under management, is pleased to announce that its portfolio company, Construction Forms, Inc. (“CFI”), has acquired Tricon Wear Solutions (“Tricon”). CFI is a leading provider of engineered, abrasion resistant piping systems and replaceable components for use in concrete pumping, mining, power generation, and other industrial end markets. Headquartered in Birmingham, Alabama, with additional locations in Nevada and Illinois, Tricon is a leading manufacturer of abrasion, wear-resistant products, specializing in highly engineered steel plates and other fabricated products. Tricon serves customers across various end markets including pulp & paper, mining, and aggregates, and has industry- leading metallurgy, fabrication, and engineering capabilities. “Together, Tricon and CFI will be a stronger, more diversified partner to new and existing customers globally with an expanded offering and strengthened value proposition,” says Stefan Brosick, CEO of CFI. “We are excited to welcome the exceptional Tricon team. CFI’s expanded portfolio will increase the breadth of our superior aftermarket solutions, all focused on delivering the lowest total cost of ownership for our customers.” Todd Plate, President and CEO of Tricon, commented, “Both companies have a shared vision of a relentless focus on customer needs and safety. Together, we have decades of expertise in engineering solutions for challenging abrasion and wear resistance applications. Our partnership with CFI creates an expanded platform to serve customers in the most severe wear situations worldwide.” John Von Bargen, Managing Director at H.I.G., added, “CFI’s partnership with Tricon is a transformative merger that creates a diversified leader in the industrial wear parts market. This is the first of what we hope will be several acquisitions further building upon CFI’s platform of leading wear parts companies.” Combined, the CFI group of companies will have more than 350 employees with five U.S.-based manufacturing facilities and one in Europe. CFI serves customers globally in a wide range of industries including concrete pumping, mining, dredging, power generation, and pulp & paper. About Tricon Headquartered in Birmingham, Alabama, with additional facilities in Nevada and Illinois, Tricon is a leading manufacturer of abrasion, wear-resistant products, specializing in highly engineered steel plates and other fabricated products. Tricon serves customers across various end markets including pulp & paper, mining, and aggregates with its leading metallurgy, fabrication, and engineering capabilities. For more information, please visit About CFI Construction Forms, Inc. (“CFI”) provides engineered, abrasion resistant piping systems and replaceable components for use in concrete pumping, mining, power generation, and other diversified industrial applications. The Company’s brands – Con Forms, Esser, and Ultra Tech – are recognized globally for best-in-class quality and total cost of ownership. Founded in 1969, CFI has established a 50-year track record serving leading concrete-pumping service providers, OEMs, engineering firms, and distributors. The Company is headquartered in Port Washington, Wisconsin, with additional locations in Texas and Germany. For more information, please visit About H.I.G. Capital H.I.G. Capital is a leading global alternative investment firm with $57 billion of capital under management.* Based in Miami, and with offices in New York, Boston, Chicago, Dallas, Los Angeles, San Francisco, and Atlanta in the U.S., as well as international affiliate offices in London, Hamburg, Madrid, Milan, Paris, Bogotá, Rio de Janeiro and São Paulo, H.I.G. specializes in providing both debt and equity capital to small and mid-sized companies, utilizing a flexible and operationally focused/ value-added approach: H.I.G.’s equity funds invest in management buyouts, recapitalizations, and corporate carve-outs of both profitable as well as underperforming manufacturing and service businesses. H.I.G.’s debt funds invest in senior, unitranche and junior debt financing to companies across the size spectrum, both on a primary (direct origination) basis, as well as in the secondary markets. H.I.G. also manages a publicly traded BDC, WhiteHorse Finance. H.I.G.’s real estate funds invest in value-added properties, which can benefit from improved asset management practices. H.I.G. Infrastructure focuses on making value-add and core plus investments in the infrastructure sector.

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Billd and STACK Construction Technologies Announce Powerful Integration That Helps Contractors to Secure Working Capital and Increase Bid Volume

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Westwood Acquires Texas-Based Peloton Land Solutions

PR Newswire | July 04, 2023

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