ENGINEERING TECH

STV Group, Inc., Agrees To Acquire CP&Y, Inc.

STV Group, Inc. | September 07, 2021

STV Group, Inc., has agreed to acquire CP&Y, Inc. CP&Y is an employee-owned engineering, architectural, and field services consulting firm with a staff of over 375 professionals in Texas, Oklahoma, Colorado, Florida, and Virginia.

"Joining forces with CP&Y will cement our presence in the Texas infrastructure market and serve as a catalyst to expand our water and wastewater practices nationwide. Our firms share a similar ethos – we are client-focused and employee-centric, with a long-range outlook that is multi-generational," said Greg Kelly, P.E., president and chief executive officer of STV. "The combined company will serve as an ideal platform to leverage growth opportunities across multiple markets and geographies."

"This relationship affords us an engine for growth, and we are excited to become a part of the STV organization. STV is a strategic fit for our clients and employees. Our firms are aligned philosophically on how we approach our projects and the value we place on our clients and employees," said J.J. Roohms, P.E., president of CP&Y.

"This is an important milestone. We at The Pritzker Organization are enthusiastic about this strategic acquisition and the significant opportunities for growth that it presents for STV and CP&Y," said STV Board member Billy Nand of The Pritzker Organization. STV is a portfolio company of The Pritzker Organization, L.L.C.

About STV
Founded more than 100 years ago, STV is a leader in providing engineering, architectural, planning, environmental, and program management and construction management services for transportation systems, infrastructure, buildings, energy, and other facilities. The firm is ranked 32nd in Engineering News-Record's Top 500 Design Firms survey. The firm has 40 offices throughout the United States and in Canada. 

About CP&Y
Since opening its first office in Arlington, TX, in 1980, CP&Y has grown to become an award-winning, full-service firm that focuses on the water and wastewater, transportation and transit, roadways and bridges, and aviation market sectors. The firm is consistently ranked among the Top 500 Design Firms in the country by Engineering News-Record. 

About The Pritzker Organization, L.L.C
The Pritzker Organization is the merchant bank for the business interests of the Tom Pritzker family. TPO is focused on partnering with exceptional leaders to create value across a wide range of industries. TPO looks for opportunities where it can create value for our family's interests and our partners and colleagues over a significant time horizon. For more than 60 years, TPO has overseen and guided the development of dozens of portfolio companies across a wide variety of industries, including manufacturing, logistics, life sciences, hospitality, health care and services. Notable businesses include Hyatt Hotels, Triton Container and the Marmon Group. Recent control investments include TMS International, Lithko Contracting, KBP Investments, Mammoth Holdings and STV.
In addition to its core strategy of building businesses over the long term, TPO is also active in special situations, advising the family's interests in the deployment of capital across a wide spectrum of industries and across every tier of the balance sheet, from senior debt to equity.

Spotlight

The undergraduate program educational objectives are reviewed by the Biomedical Engineering faculty at least once annually and approved by the Faculty Committee. Our student’s attainment of the ABET and BME specific (italics below) student outcomes are assessed annually in our design curriculum by our Assessment Committee. The most current educational objectives and students outcomes are available on the BME web site (http://www.engr.wisc.edu/bme/) and published here in this Biomedical Engineering Undergraduate Handbook.

Spotlight

The undergraduate program educational objectives are reviewed by the Biomedical Engineering faculty at least once annually and approved by the Faculty Committee. Our student’s attainment of the ABET and BME specific (italics below) student outcomes are assessed annually in our design curriculum by our Assessment Committee. The most current educational objectives and students outcomes are available on the BME web site (http://www.engr.wisc.edu/bme/) and published here in this Biomedical Engineering Undergraduate Handbook.

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ENGINEERING TECH

DPIS Builder Services Rebranding as ARCXIS™

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. About ARCXIS 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.

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ROBOTICS AND AUTOMATION

Allied Motion Acquires Spectrum Controls, Inc., a Leader in Industrial Control Solutions

Allied Motion Technologies Inc. | January 03, 2022

Allied Motion Technologies Inc. (Nasdaq: AMOT) (“Allied Motion” or the “Company”), a designer and manufacturer of precision and specialty controlled motion products and solutions for the global market, announced that it has acquired Spectrum Controls, Inc. (“Spectrum”), an innovator and manufacturer of a wide variety of Industrial I/O and Universal Communications Gateway products. The purchase price was $70 million, of which $45 million was paid at closing with a combination of $27 million in cash and the remainder in the Company’s common stock at a price of $35.82 per share. The remaining $25 million will be paid in two equal payments in 2022 and 2023 comprised of 50% cash and 50% stock. Spectrum has a long history of innovation, partnership, and customized customer fulfillment, and we are excited to welcome the entire Spectrum team to the Allied family. This acquisition is an excellent strategic fit and provides us with a tremendous opportunity to enhance our position as a value-added solutions supplier to the industrial automation and industrial controls market,” commented Dick Warzala, Chairman and CEO. “In addition, Spectrum enhances our customer base, adds significant engineering resources and has the technology and know-how to provide solutions that meet the system requirements of Functional Safety. “Allied has built an impressive organization. We believe that given their strong leadership team and their One Allied culture, we have found the ideal partner to successfully execute on the many strategic initiatives and opportunities we have in front of us. We look forward to a bright future together.” -Bruce Wanta, Founder and President of Spectrum Mr. Warzala further added, We believe we can drive growth by leveraging Spectrum’s strong partner relationships with large industrial automation companies, utilizing their global distribution channels, and benefiting from the continued digital transformation around IIoT, AI and analytics that are driving the increased use of smart factory floor devices. In 2022, Spectrum is expected to be accretive to both Allied’s earnings per share and gross margin profile. The acquisition structure includes a tax election that is expected to offset cash taxes by approximately $10 million over the next 15 years. Founded in 1983 and headquartered in Bellevue, WA, Spectrum designs and manufactures a wide range of highly sophisticated I/O modules, marquee displays, and industrial gateways for broad industrial controls applications through partnerships with PLC manufacturers and distributors. With approximately 72 employees, Spectrum serves large industrial automation projects and specialty applications domestically and throughout the world, including Europe, Asia, the Americas, and the Middle East. For more information visit https://www.spectrumcontrols.com. About Allied Motion Technologies Inc. Allied Motion (Nasdaq: AMOT) designs, manufactures and sells precision and specialty controlled motion products and solutions used in a broad range of industries within our major served markets, which include Vehicle, Medical, Aerospace & Defense, and Industrial. Headquartered in Amherst, NY, the Company has global operations and sells into markets across the United States, Canada, South America, Europe, and Asia-Pacific. Allied Motion is focused on controlled motion applications and is known worldwide for its expertise in electro-magnetic, mechanical, and electronic motion technology. Its products include brush and brushless DC motors, brushless servo and torque motors, coreless DC motors, integrated brushless motor-drives, gear motors, gearing, modular digital servo drives, motion controllers, incremental and absolute optical encoders, active (electronic) and passive (magnetic) filters for power quality and harmonic issues, and other controlled motion-related products. The Company’s growth strategy is focused on being the controlled motion solutions leader in its selected target markets by leveraging its “technology/know how” to develop integrated precision solutions that utilize multiple Allied Motion technologies to “change the game” and create higher value solutions for its customers. The Company routinely posts news and other important information on its website at www.alliedmotion.com.

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DESIGN

Colliers Engineering & Design finalizes agreement with Bergmann

Colliers Engineering | November 03, 2021

Leading global professional services and investment management firm, Colliers (NASDAQ and TSX: CIGI), announced that Colliers Engineering & Design has completed the previously announced agreement for Bergmann to join its operating unit. Bergmann is a market-leading engineering, architecture, and design services firm located in the U.S. Northeast, Midwest and Mid-Atlantic regions. Bergmann’s senior leadership will continue to oversee operations and retain a significant shareholding in the combined business under Colliers’ unique partnership model. As Colliers continues to strategically diversify its revenues and service offerings, this union builds on Colliers Engineering & Design’s momentum and success since the platform was established last year. The business will rebrand as part of Colliers Engineering & Design by the second half of 2022. About Colliers Colliers (NASDAQ, TSX: CIGI) is a leading diversified professional services and investment management company. With operations in 66 countries, our more than 15,000 enterprising professionals work collaboratively to provide expert advice to real estate occupiers, owners and investors. For more than 26 years, our experienced leadership with significant insider ownership has delivered compound annual investment returns of almost 20% for shareholders. With annualized revenues of $3.3 billion ($3.6 billion including affiliates) and $45 billion of assets under management, we maximize the potential of property and accelerate the success of our clients and our people. Learn more at corporate.colliers.com, Twitter @Colliers or LinkedIn.

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