Drones in the construction industry

The ASEAN Post | December 20, 2019

In the wake of Industry 4.0, many companies have tried to utilise automation and data exchange in manufacturing technologies. This is especially prevalent in the construction industry where the need for increased efficiency and delivering a quality product both, physically and digitally has now become a necessity rather than an indulgence. Many technologies have sprung up to meet the challenge, such as artificial intelligence and drones. Call it a drone, Unmanned Aerial Vehicle, Unmanned Aerial System or Remote Piloted Aircraft System, it usually involves a flying platform that is remotely controlled by a pilot assisted by flight software, onboard sensors and Global Positioning System / Global Navigation Satellite System.

Spotlight

This analysis covers the major sub-categories of: Architecture, engineering, building construction and supplies, and construction of water and
energy systems. All data is pulled from Onvia’s comprehensive database of state, local and education (SLED) government bids, RFPs and awards.

Spotlight

This analysis covers the major sub-categories of: Architecture, engineering, building construction and supplies, and construction of water and
energy systems. All data is pulled from Onvia’s comprehensive database of state, local and education (SLED) government bids, RFPs and awards.

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ENGINEERING TECH

The Jordan Company Announces Agreement to Acquire Arclin from Lone Star

The Jordan Company | August 17, 2021

Arclin, Inc. ("Arclin" or the "Company"), a chemistry-based provider of highly technical, engineered products for the residential building products market and other industries, today announced that it has signed a definitive agreement whereby an affiliate of The Jordan Company, L.P. ("TJC") will acquire Arclin from funds affiliated with Lone Star Funds. Arclin's senior management team, led by CEO Brad Bolduc, will maintain a significant equity stake in Arclin and continue to lead the Company going forward. While the terms of the transaction were not disclosed, the transaction is expected to close in the third quarter of 2021. Founded in 1992, Arclin is a leading North American manufacturer and formulator of proprietary surface overlays and specialty resins primarily for the residential building products market, as well as industrial, furniture and non-residential construction markets. The Company serves high-growth applications, which are expected to continue benefiting significantly from positive trends in the market. Arclin's IP protected, proprietary products and assets drive key performance characteristics, and the Company maintains long-term relationships with its blue-chip customers and suppliers. Headquartered in Roswell, GA, the Company operates out of 12 manufacturing facilities and maintains over 600 employees. "We are excited and look forward to partnering with TJC," said Brad Bolduc, CEO of Arclin. "We believe this partnership will accelerate our growth initiatives related to organic growth, new product development, operational enhancements, and strategic acquisitions. In support of our corporate vision to remain the market leader in innovation, we will continue investing significantly in our technologies to ensure exceptional product performance for our customers and markets served." "TJC is excited to have identified a world-class platform and management team in Arclin," said Ian Arons, Partner of TJC. "Arclin fits extremely well with our investment strategy based on our extensive experience in the specialty chemicals and building products industries. We see great growth opportunities ahead and look forward to supporting the team." "We are excited to partner with Brad and the Arclin team to help accelerate their next phase of growth," added Barry Gallup, Jr., Vice President of TJC. "Our organizations have a strong cultural alignment, and we collectively share a customer-centric and growth-oriented focus. We look forward to a long-term partnership with Arclin and its employees." "We are extremely proud of the growth that the Arclin team has achieved over the last several years during our ownership period," said Donald Quintin, President, Lone Star Opportunity Funds. "We have enjoyed working with Brad and his team, and we are pleased that management has identified a great partner to support the Company's next chapter of growth." RBC Capital Markets, LLC is acting as financial advisor and Gibson, Dunn & Crutcher LLP is serving as legal counsel to Arclin and Lone Star. Barclays Capital, Inc. is acting as financial advisor and Ropes & Gray LLP and Kirkland & Ellis LLP are serving as legal counsel to TJC. About Arclin Arclin is a leading provider of chemistry-based resin and surfacing solutions for the building, design, energy, agriculture, transportation and other industries. Headquartered in Roswell, Georgia, Arclin has offices and manufacturing facilities throughout the U.S. and Canada and manufactures for customers worldwide. More information at www.arclin.com. About The Jordan Company TJC, founded in 1982, is a middle-market private equity firm that has managed funds with original capital commitments in excess of $15 billion and a 39-year track record of investing in and contributing to the growth of many businesses across a wide range of industries including Healthcare & Consumer; Industrials; Technology, Telecom & Utilities; and Transportation & Logistics. The senior investment team has been investing together for over 20 years and is supported by the Operations Management Group, which was established in 1988 to initiate and support operational improvements in portfolio companies. Headquartered in New York, TJC also has offices in Chicago and Stamford. About Lone Star Funds Lone Star, a global private equity firm founded by John Grayken, invests on behalf of its limited partners, which include institutional investors such as pension funds and sovereign wealth funds, as well as foundations and endowments that support medical research, higher education, and other philanthropic causes. Since the establishment of its first fund in 1995, Lone Star has organized 21 private equity funds with aggregate capital commitments totaling approximately $85 billion.

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CONSTRUCTION

LandSouth Standardizes on Procore for Construction Management

LandSouth & Procore | November 11, 2021

Procore Technologies, Inc. (NYSE: PCOR), a leading provider of construction management software, announced that LandSouth Construction, a best-in-class builder of innovative multifamily and senior living facilities in the United States, has chosen Procore as its only construction management platform. Procore’s single platform is replacing more than five current software packages, streamlining LandSouth customers’ access to information and improving consistency, and resulting in fewer financial risks.By leveraging the Procore platform, LandSouth will be able to increase its safety, productivity and efficiency, while providing its teams with a single, trustworthy source of information. Specific benefits of Procore include: Enhanced usability in the field Better collaboration with architects Sophisticated job comparison reporting Ability to have project data available to all departments. "The COVID-19 pandemic accelerated digitization in the construction industry, and the value of having a single construction management platform became clear — and its potential to drive greater profitability,LandSouth will stay at the forefront of the industry, with Procore’s platform taking us to the next level of project management, documentation and financial performance.” -Jamie DeWispelare, CFO of LandSouth. LandSouth has a passion for perfection and has established a new standard of excellence in construction, focused on providing the highest level of service to customers, employees, subcontractors and suppliers. The company has earned a reputation for employing the latest, most relevant technologies and programs to optimize project management, performance and delivery. Staying current, pushing the envelope and fine-tuning its systems are the leading contributors to its high level of client satisfaction, with over 80% of the business coming from repeat clients. “The industry is setting ever-higher bars across the board, from customer satisfaction to greater efficiency and productivity. LandSouth is a great example of how a company finds success,They achieve this by adopting the latest technologies designed to help them meet their goals across all their projects. We are honored that LandSouth has chosen Procore to take them to the next level.” -Tooey Courtemanche, Procore Founder and CEO About LandSouth LandSouth Construction, the Southeast’s premier general contractor, specializing in multifamily, senior living, and mixed–use development, was named one of Engineering News Record’s Top 400. Since 1998 LandSouth has transformed ideas into best–in–class communities. Headquartered in Jacksonville, Fla. LandSouth has completed more than 25,000 multifamily units. Learn more at LandSouth.com. About Procore Procore is a leading provider of construction management software. Over 1 million projects and more than $1 trillion USD in construction volume have run on Procore's platform. Our platform connects every project stakeholder to solutions we've built specifically for the construction industry—for the owner, the general contractor, and the specialty contractor. Procore's App Marketplace has a multitude of partner solutions that integrate seamlessly with our platform, giving construction professionals the freedom to connect with what works best for them. Headquartered in Carpinteria, California, Procore has offices around the globe.Procore is a solution purpose-built for construction by construction experts, with a deep understanding of its end users. To learn more about Procore, please visit Procore.com.

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ENGINEERING TECH

Galloway & Company, Inc. Acquires JRCA Architects

Galloway & Company.Inc | October 05, 2021

Galloway & Company, Inc., a national architecture and engineering firm, announced today its acquisition of Utah-based JRCA Architects, creating a dynamic alignment of knowledge and culture. JRCA is highly regarded for its design of healthcare, public works, and public safety facilities, as well as government and justice centers. The firm's expertise in these markets will complement Galloway's extensive portfolio in the commercial, multifamily, industrial, and federal markets. "JRCA brings an excellent reputation and resume to Galloway,This has been a long, but fulfilling, process for the JRCA shareholders as well as the Galloway transition team. We believe that the alignment of culture and values between JRCA and Galloway will help make this a smooth transition." -Galloway President Dave Guetig Galloway is headquartered in Denver with six regional offices. The firm's staff of nearly 250 professionals provides a full-service approach to architecture and engineering that supports projects nationwide. Its active portfolio includes projects in 26 states. Galloway has grown rapidly over the past eight years, with a 13% annual average growth. The firm's expansion began in 2013 with the opening of its first regional office in Salt Lake City. Since then, Galloway has added five additional offices in Colorado, Utah and California. This is Galloway's second acquisition in the Utah market. The firm's regional growth has also been accompanied by the addition of new services. Originally recognized for its civil engineering and fuel system design programs, Galloway has expanded to become a truly multidisciplinary firm. Galloway now offers 13 in-house disciplines, including comprehensive architectural design and civil engineering services as well as transportation engineering, water resources, landscape architecture, and survey. This acquisition evolved from our desire to create opportunity for Galloway's staff and clients. It was a strategic decision as part of Galloway's overall growth plan to add capabilities and expand our regional influence, said Galloway Director of Architecture Kristoffer Kenton. Galloway and JRCA have worked together throughout the years, and this established relationship further supported the acquisition. Our goal has always been to provide both the expertise and capacity to meet the unique needs of our clients," said JRCA founder Jim Child, AIA. "Joining Galloway expands our capabilities while also enabling our staff to grow as professionals within the company. This acquisition provides exciting opportunities for our clients as well as our team members. The effective date of the acquisition was Sept. 1, 2021. JRCA will retain its Salt Lake City office and staff, and will continue operations under the Galloway name. JRCA's owners will join Galloway as shareholders. About JRCA Founded in 1983, JRCA has continually focused on finding the right opportunities for its team while also building meaningful relationships within the community

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