UST | February 03, 2022
UST, a leading digital transformation solutions company, announced that it has acquired Accrete Hitech Solutions, a consulting and outsourcing company that provides information technology and engineering services focusing on hi-tech, semiconductor, and networking. UST is a leader in the product engineering space, and this acquisition will further add scale and depth into the digital product engineering portfolio for UST.
UST has continued to grow inorganically through acquisitions and strategic investments, adding and enhancing its digital portfolio and capabilities across various industry verticals. Along with its innovation ecosystem and customer-centric philosophy, the company has experienced a higher than industry average organic growth.
"At UST, we are laser-focused on expanding and improving our deep digital product engineering capabilities, and the acquisition of Accrete Hitech Solutions will help us achieve that goal. Together, we will create world-class solutions to empower organizations to streamline their operations."
-Sunil Kanchi, Chief Investment Officer and Chief Information Officer, UST
Accrete Hitech Solutions was founded in the heart of Silicon Valley with headquarters at Santa Clara, CA, US, and has offices in New Delhi, Gurgaon, Chennai, Bengaluru in India, and Singapore.
The Accrete acquisition will combine the strengths and resources of the two companies to offer a broad range of IT and product engineering solutions and services. These include:
Engineering services: Mechanical engineering design; Manufacturing engineering; Electrical and electronic services; Supply chain management and operations, among others.
IT services: SAP CC; SAP CRM; Mobility, Network security, IT infrastructure, and software engineering, among others.
"The highly experienced team of engineers and technologists from Accrete comes with a broad range of technology and engineering skills that will complement the existing global capability of UST. Together, our two companies will accelerate the digital-first journey of organizations worldwide,"
-Gilroy Matthew, VP, and Head of Semiconductor, UST.
We are excited to be a part of a fast-growing global organization like UST," said Sanjay Minocha, CEO and Managing Director, Accrete Hitech Solutions. "Our focus has been to help businesses derive value through digital transformation via our IT and Engineering capabilities. Under the UST umbrella, we hope to make an even bigger impact in areas like networking and semiconductor services and solutions.
For more than 22 years, UST has worked side by side with the world's best companies to make a real impact through transformation. Powered by technology, inspired by people, and led by our purpose, we partner with our clients from design to operation. Through our nimble approach, we identify their core challenges and craft disruptive solutions that bring their vision to life. With deep domain expertise and a future-proof philosophy, we embed innovation and agility into our clients' organizations—delivering measurable value and lasting change across industries and around the world. Together, with over 28,000 employees in 25 countries, we build for boundless impact—touching billions of lives in the process. Visit us at ust.com.
ARCXIS | February 10, 2022
It is announced that DPIS Builder Services (DPIS) and its subsidiary companies – Ei Companies (Energy Inspectors, LLC, Ei Engineering, LLC and Ei Risk Management, LLC), Post-Tension Solutions of Texas, Inc., Ensign Building Solutions Home Energy Division, and Building Energy – are rebranding as ARCXIS. This final step in the combination of these leading construction industry professional services firms recognizes ARCXIS' position as the largest provider of HERS inspections, Energy Star ratings, engineering and design, construction quality assurance and other builder services to the U.S. residential construction market.
Established in 1988 as Dale Phillips Inspection Services, DPIS Builder Services was founded to help residential builders build better homes, more quickly, at lower cost and with less risk; a mission that still drives its focus today. In 1995, the company expanded its services to include structural engineering, changing the company name to DPIS Engineering, LLC. DPIS continued to grow and expand its services adding energy inspection services in 2001 and HVAC design in 2016. In the years that followed, DPIS began a significant growth trajectory with the acquisition of Infrared Solutions in Waco, Texas in 2016, Simple Energy Testing (SET) in Minneapolis, Minnesota in January of 2018 and The Home Energy Group (HEG) in the Carolinas in May of 2018. This led to changing the company name to DPIS Builder Services, illustrating the company's true nature of providing a full suite of builder services.In November 2020, DPIS acquired Ei Companies (Ei).
Founded as Energy Inspectors in 1996, Ei focused on the emergent field of energy efficiency and sustainability in residential and commercial construction in the Nevada, Arizona, and California markets. Through the years, Ei continued to expand its footprint and portfolio of services adding HVAC design, MEP engineering, and construction quality assurance inspections. Like DPIS, with its code compliance and quality assurance services, Ei was present during the entire construction process to meet clients' sustainability and efficiency goals. This created a perfect synergy between the two companies to combine forces to create the first truly national engineering, design, and inspection services platform. The acquisition of Ei included ABCO Construction Services, LLC, a leading risk management firm servicing the multi-family construction insurance sector which was purchased by Ei in the months prior to the DPIS acquisition.
In February of 2021, DPIS acquired Post-Tension Solutions of Texas (PTS) and United Structural Consultants (USC), leading providers of structural engineering and inspection services for both single and multi-family builders. The addition of PTS and USC to the company further enhanced the company's market presence in Texas and further solidified DPIS Builder Services as the single source solution for builders nationwide. In April of 2021, DPIS acquired the Home Energy Division of Cumming, Georgia based Ensign Building Solutions. The acquisition solidified DPIS as the largest HERS rater in Georgia and strengthened the company's eastern region. In July of 2021 DPIS acquired Building Energy, Idaho's leading provider of independent ratings and certification of single-family and multi-family residential homes for above-code energy efficiency programs. As of the end of 2021 DPIS and its subsidiaries touched one of every 9 new homes built in the United States.
"The creation of a single brand uniting DPIS, Ei, and the rest of our companies serving the residential construction market is the recognition of our over 100 combined years of partnering with our clients, including nearly all our nation's top 20 residential builders, to build better homes. As the leading provider of HERS and Energy Star inspections, design, engineering, and quality assurance inspection services for residential homebuilders,We partner with our clients throughout the construction process. Our scale allows us to leverage the strength and expertise gained in dozens of local construction markets across over half of the states in the U.S. to provide consistency and efficiency at scale in the services we provide.We want to thank our builder partners for making our growth possible and look forward to many more years of successful collaboration ahead."
-Jonathan Risch, CEO of ARCXIS.
To experience what ARCXIS can do for you, contact our Houston (TX) headquarters at (855) 500-3747, or one of our regional offices located in Atlanta (GA), Minneapolis (MN), Phoenix (AZ), Las Vegas (NV), San Diego (CA) or Pleasant Hill (CA). Interested parties can find full information by visiting our new website at www.arcxis.com.
ARCXIS (Houston, Texas), is the largest provider of inspection, design, engineering, and quality assurance services for the U.S. residential construction industry. Formerly known as DPIS Builder Services, Ei Companies, Post-Tension Solutions, Ensign Building Solutions Home Energy Division, and Building Energy, ARCXIS brings together hundreds of years of expertise and experience under a single brand serving builders in over half of the states spanning the continental United States.
The ARCXIS group of companies also includes ABCO Construction Services, LLC (Centennial, Colorado) and structural engineering firm United Structural Consultants (Houston, Texas). Both ABCO and USC service the multi-family, multi-use, and commercial sectors of the construction industry.
ARCXIS is majority owned by Saw Mill Capital, LLC (Briarcliff Manor, New York). Visit us online at www.arcxis.com.
Bowman Consulting Group Ltd & Triangle Site Design | October 04, 2021
Bowman Consulting Group Ltd. (the “Company” or “Bowman”) (NASDAQ: BWMN), announced the acquisition of the assets of Triangle Site Design (“Triangle”) headquartered in Raleigh, NC. Triangle, founded in 2008 and led by its founder Matt Lowder, delivers civil engineering and land planning services to clients throughout the Research Triangle area of North Carolina.
“We are excited to welcome Matt and his team to Bowman,” said Gary Bowman, CEO of Bowman. “We’ve been looking for the right opportunity to establish a presence in Raleigh and Triangle is an ideal way to make that happen. Matt and his team will be key to helping expand our presence throughout the Carolinas. This acquisition aligns with our strategic initiatives for growth and expansion.”
“Bowman is an ideal fit for us,”. “The firm is the cultural fit that we were looking for and we share a passion for serving our clients. We appreciate the confidence Gary and his team have placed in us as their foothold in the Raleigh area. I am confident that there will be many synergies between our operations and Bowman’s throughout the Carolinas. Everyone at Triangle is excited about becoming part of the Bowman family.”
-Matt Lowder, founder of Triangle
The acquisition, which the Company expects to initially contribute approximately $2 million of annual net service billing and be immediately accretive, was financed with a combination of cash, seller financing, and stock.
“We’re pleased to be executing on our acquisition plans and deploying capital we raised in our IPO,“This is the first of several similarly sized acquisitions in our pipeline that we expect to close prior to our upcoming third quarter earnings call in November. We look forward to providing more details on our M&A activities at that time.”
-Bruce Labovitz, Bowman’s CFO
About Triangle Site Design
Founded in 2008, Triangle Site Design is a seasoned civil consulting and engineering firm that specializes in land planning and land development design. Headquartered in Raleigh, NC, Triangle partners with developers and retailers to deliver high-quality results while reducing cost and time through value engineering. More information on Triangle Site Design can be found at www.trianglesitedesign.com.
About Bowman Consulting Group Ltd.
Headquartered in Reston, Virginia, Bowman is an engineering services firm delivering innovative infrastructure solutions to customers who own, develop, and maintain the built environment. With 900 employees and more than 30 offices throughout the United Sates, Bowman provides a variety of planning, engineering, construction management, commissioning, environmental consulting, geomatics, survey, land procurement and other technical services to customers operating in a diverse set of regulated end markets. On May 11, 2021, Bowman completed its $51.7 million initial public offering and began trading on the Nasdaq under the symbol BWMN. For more information, visit www.bowman.com.