ToolWatch | February 25, 2022
ToolWatch, the leading provider of tool tracking and construction operations management software, announced the acquisition of Safety-Reports.com, Inc., an innovator in mobile safety management and compliance solutions for construction, manufacturing, and other safety-related industries. The acquisition extends ToolWatch's reach to include safety performance, reporting and compliance, issues that are mission-critical in this space.
ToolWatch has been the industry leader in tool and equipment tracking software since it created the category over three decades ago, and we continue to aggressively innovate our offerings. The ToolWatch platform has evolved to include broader operations management software to meet the increasingly complex needs of our customers. Expanding our solution into safety and compliance management was a logical next step," said Jay Martin, CEO of ToolWatch. "The joining of these two organizations supports ToolWatch's mission to offer a full suite of software solutions that address the diverse needs of construction companies, enabling our customers to improve operational efficiency in a safe and compliant manner.
Since 2011, Safety Reports has worked with customers throughout North America to create safe and compliant worksites, and its customers have created over 20 million safety observations. Safety Reports' software helps customers maintain compliance with key regulatory bodies, such as OSHA, and manage operational risks by enabling users to perform safety audits and jobsite inspections, track employee training, identify compliance gaps, meet reporting deadlines, document incidents, and verify corrective actions. These tools improve employee health and safety, help mitigate legal and financial liability, and reduce risk for customers.
"ToolWatch has demonstrated how their commitment, experience, and excellence in construction software can help us achieve our goals and further expand our offerings, We look forward to continuing to pursue product enhancements and innovation, as well as continuing to invest in the great team we have built at Safety Reports who operate with a customer-first mindset every day."
-Chet Slump, co-founder and CEO of Safety Reports
With the increasing velocity of infrastructure improvements occurring across the nation, job site safety and the practices and technology that support it, are more important than ever. Safety Reports' suite of applications is ideal for the construction industry, where safety professionals are not consistently present on site with the front-line workers in active, ever-changing field conditions. By bringing the two platforms together, customers will receive a deeper view into the performance of their organizations while providing a safer workplace and reducing time lost from safety violations.
"We are absolutely thrilled about this partnership which will ensure the highest level of service and deliver the best possible products for our customers for many years to come,"
-Steve Polich, co-founder and president of Safety Reports.
As the transition progresses, Safety Reports employees will join ToolWatch, increasing their understanding of the markets ToolWatch serves. Jay Martin will serve as CEO of the combined entity.
The Riverside Company, a global growth-oriented private equity firm, is the majority investor in ToolWatch and provided additional capital to fund this strategic combination.
For more than 30 years Denver-based ToolWatch has helped companies manage tools, equipment, materials, and consumables. Easy to use and delivered through a powerful, flexible platform, ToolWatch securely stores critical information on all field and warehouse operation assets so companies can run their businesses more efficiently, more cost–effectively, and more profitably. Today, construction industry leaders across the globe use ToolWatch to manage their inventories and logistics. Cloud-based and intuitive, the system uses one centralized database to provide fast but secure access to real-time operations data across field, warehouse, and back office teams. With a strategic investment in 2021 from The Riverside Company, a global private equity firm, ToolWatch will continue building on its position as the construction industry's first and most comprehensive operations management platform. For more information about ToolWatch, visit www.toolwatch.com.
About Safety Reports
Founded in 2011, Safety Reports is a privately held company that provides cloud-based SaaS (software as a service) mobile safety management solutions serving the construction, general industry, insurance, and safety consultant markets throughout the US and Canada. A 2021 member of the Inc. 5000, Safety Reports is headquartered in Omaha, Nebraska. Complementing traditional safety practices, the suite of Safety Reports applications enables organizations to centrally manage all safety activities while putting information in the hands of the people who need it. To learn more about Safety Reports, visit Safety Reports.com.
STRUCTURAL | January 04, 2022
Structural Preservation Systems, LLC (STRUCTURAL), the largest concrete repair and maintenance provider in the United States, has acquired Restruction Corporation's business. With offices located in Colorado, Arizona, and Utah, Restruction is a contracting company that specializes in concrete repair and structural strengthening.
"Restruction will increase our capabilities, resources, and presence in the mountain west region of the United States,By adding Restruction, we have strengthened our team with a superior group of construction professionals providing excellent service throughout the region. Restruction's commitment to quality and safety, approach to customer service and dedication to employee training are a great match to STRUCTURAL's mission, values, and operating principles."
-Jeff Venanzi, President of STRUCTURAL
STRUCTURAL has built a very impressive organization. Their ability to integrate technologies, engineering, and construction is a great added benefit to Restruction's specialized contracting services," said Tim Gumina of Restruction Corporation, and added, "we at Restruction have always looked to STRUCTURAL as a leader in this industry.
The combination of STRUCTURAL's national presence, 20 offices across the country, and Restruction's strong reputation in the mountain west provide a great complement of expertise and industry knowledge that will allow us to better serve our clients.
STRUCTURAL, a licensee of STRUCTURAL TECHNOLOGIES' engineered products and services, integrates technology-driven solutions into its industry-leading repair and maintenance services. Since 1976, STRUCTURAL has served commercial, public, transportation, water, industrial and power customers, providing a wide range of specialty repair and maintenance services for civil and structural infrastructure. STRUCTURAL has branch offices throughout the United States and the Middle East.For more information, go to www.restruction.com or www.structural.net.
Cook & Boardman Group | January 05, 2022
The Cook & Boardman Group LLC ("Cook & Boardman" or "C&B"), the nation's leading distributor of commercial door entry solutions and security integration services has announced the acquisition of Riviera Beach, FL-based National Millwork (NMI). Terms of the transaction were not disclosed.
National Millwork was founded in 1998 by Otto Nonnenmann and Michael Bosco with the goal of becoming a full service door, hardware and millwork company that would be both supplier and subcontractor to the construction industry. With a focus on manufacturing the highest quality doors and a commitment to installing everything they manufacture, NMI has experienced tremendous growth and expansion.
In 2015 NMI expanded its geographic reach and distribution capabilities with the acquisition of Elite Door & Trim in Denton, TX (which is included in the transaction). Today the company operates full hollow metal, door, key & hardware shops; manufactures and installs pre-hung, pocket, bypass and exterior doors, clubhouse and lobby finishes and interior trim and mouldings. NMI also supplies and installs Division 10 specialty products, including commercial bathroom partitions and washroom accessories.
"NMI fits perfectly into our strategy of offering total opening solutions, and I am excited to welcome them to the Cook & Boardman family. Their manufacturing capabilities and installation services will allow us to deliver an even greater value proposition to our customers on multi-family and commercial construction projects – including interior pre-hung doors."
-Darrin Anderson, Chief Executive Officer of C&B
My mission in founding National Millwork more than 20 years ago was to become the preferred, turnkey provider for large residential and commercial projects, noted NMI founder and CEO Otto Nonnenmann, and in Cook & Boardman we found a partner that shares our vision.
"Our companies share a common culture and commitment to customer service, and I am confident that NMI will thrive under C&B ownership." The company will continue to operate under the National Millwork name and customer contacts will remain unchanged as a result of the acquisition.
-NMI co-founder and COO, Michael Bosco
Cook & Boardman is a portfolio company of Littlejohn & Co., LLC. National Millwork represents C&B's nineteenth acquisition since being acquired by Littlejohn in October 2018.
About Cook & Boardman Group
Cook & Boardman is the premier distributor of commercial doors, frames & hardware and one of the nation's fastest growing providers of integrated security solutions - including physical security, access control, wireless networking, low voltage cabling, audio/visual and managed information technology products. The company serves multi-family and non-residential markets including commercial, education, government, healthcare, office and hospitality sectors from more than 70 locations across 21 states and nationwide through its ecommerce portal at www.cookandboardman.com.
About Littlejohn & Co., LLC
Littlejohn & Co., LLC is a Greenwich, Connecticut-based investment firm focused on private equity and debt investments primarily in middle market companies. The firm seeks to build sustainable success for its portfolio companies through a disciplined approach to engineering change. For more information about Littlejohn, visit www.littlejohnllc.com.