Digital transformation: Cultural and behavioural barriers

Digital Transformation is a huge opportunity for the AEC industry that has struggled for decades with low productivity and low profitability. Fully embedding digital tools into business as usual offers a way out of this trap, unlocking new, profitable business models based on greater collaboration and a deep, data-driven insight into how to deliver value to its clients. However, many companies are struggling to make the most of existing products and few are on top of the possibilities created by emerging technologies. Survey results suggest the industry is caught in a bind. It is not making the most of the technology available because of unawareness about what it can do. At the same time, we found that when technology is deployed it can fail to deliver its potential because of a lack of fi t with existing processes and ways of working – or its effectiveness is undermined by the existence of out of date legacy IT systems.

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Engineering Tech, Construction

Comfort Systems USA Announces Acquisition

Business Wire | February 01, 2024

Comfort Systems USA, Inc. today announced that it has closed its previously announced transaction to acquire Summit Industrial Construction, LLC (“Summit”) headquartered in Houston, Texas. As previously disclosed, Summit is a specialty industrial mechanical contractor offering engineering, design-assist and turnkey, direct hire construction services of modular systems serving the advanced technology, power, and industrial sectors. Summit’s capabilities encompass a wide range of modular and site-based construction, including process piping, equipment setting, large pipe rack trestles, and related steel erection and specialty concrete work. Summit is a trusted supplier to some of the world’s largest advanced technology, power and industrial companies and is currently deployed on several major chip fabrication projects. Initially, Summit is expected to contribute annualized revenues of approximately $375 million to $400 million, and earnings before interest, taxes, depreciation, and amortization of $35 million to $40 million. In light of the amortization expense, Summit is expected to make a neutral to slightly accretive contribution to earnings per share in 2024 and 2025. Brian Lane, Comfort Systems USA’s Chief Executive Officer, commented, “We are delighted to announce the closing of our agreement to acquire Summit, an extremely capable provider of modular and other complex mechanical services. Summit brings a stellar reputation as a modular technology leader in growing end markets, including multiple ongoing and large semiconductor projects. We are happy to welcome Summit’s wonderful leadership team and excellent production and craft workers across many states, and we are confident Summit will continue to innovate and grow as a part of our network of world-class contracting companies. We are grateful that Summit has chosen to become part of Comfort Systems USA.”

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Construction

VOLLERS, Inc. Enhances its Portfolio with the Strategic Acquisition of LAYOUT, Inc.

PR Newswire | January 02, 2024

VOLLERS, Inc. (VOLLERS), the holding company that owns or partners with quality construction services brands such as Vollers Excavating, HVI Services, Aspen Landscaping and Assuncao Brothers, Inc., proudly announces the acquisition of Layout, Inc. (Layout), one of New Jersey's most recognized construction survey firms. This acquisition broadens VOLLERS' array of services in the construction industry through its distinct and operationally independent entities. Brendan Murray, current President of VOLLERS, will expand his leadership role by assuming the role of President at Layout. Giuseppe Messina Jr., from VOLLERS, has been appointed as Vice President of Survey at Layout. James Flores, from Layout, has been appointed as Director of Project Management. "Success in construction is not just about project completion; it's about fostering a culture of efficiency, innovation, and excellence. We're not just building projects, we're building companies that lead the construction industry," states Brendan Murray. "Adding Layout, Inc. to the VOLLERS family of companies enriches our mission and enhances our service offerings across the entire construction community." Layout comes to VOLLERS as a robust business with a strong history of managing complex and substantial infrastructure projects in the region. The synergy between VOLLERS and Layout promises significant value for clients, combining VOLLERS' world-class management capabilities with Layout's surveying expertise to meet evolving market demands with industry-leading effectiveness. "I am very honored to be given the opportunity to bring these two well-respected organizations together," says Giuseppe Messina Jr. "I look forward to leading a diverse and talented team in our unwavering commitment and dedication to providing top-tier service in the Survey industry."

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Materials, Construction

Continental Cement Teams Up with CemAI on Digital Solution for Hannibal Cement Plant

PR Newswire | January 04, 2024

CemAI, Inc. has teamed up with Continental Cement Company L.L.C.'s (Continental Cement) Hannibal, MO plant to install CemAI's predictive and prescriptive maintenance solution, combining a unique licensed software with a continuous monitoring and incident resolution service to further enhance its cement manufacturing performance." The CemAI solution uses Continental Cement's existing historical and real-time manufacturing data and applies machine learning, artificial intelligence and remote monitoring by cement experts to complement the expertise of Continental's local plant maintenance and reliability teams. This robust solution brings plant maintenance into the digital age." "We considered a number of approaches to utilizing our data to improve our maintenance efforts, eliminate downtime and increase equipment reliability," says Timothy J. Noud, Vice President of Manufacturing at Continental Cement. "CemAI offers a cement-centric, end-to-end machine learning/artificial intelligence service solution." Continental Cement has built its business on consistent quality, superior service, and delivering a safe working environment since they began producing cement at their Hannibal location in 1903. A leader in innovation and sustainable cement production, Continental Cement provides high quality cement for projects along the Mississippi corridor and is a subsidiary of Summit Materials, Inc. " "CemAI is proud to be collaborating with an industry leader on innovative ways to use data," says Scott Ziegler, Chief Executive Officer for CemAI. "We thank Continental Cement for their confidence in the CemAI solution to provide increased efficiency, improved reliability and optimized operations."

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