CONSTRUCTION

The North American Construction Group Ltd. has Announced the strategic Acquisition of an Australian Component Supplier

North American Construction Group Ltd. | June 10, 2021

North American Construction Group Ltd. announced today that it has entered into a definitive agreement to acquire DGI Trading Pty Limited (“DGI”) for an estimated $23.5 million.

DGI, situated in Kempsey, New South Wales, Australia, supplies vital components to the mining sector via commercial partnerships and a complex logistical network. DGI maintains a network of suppliers and partner facilities in over ten significant countries, allowing for flexible and cost-effective connections. DGI personnel are well-versed in all industry-standard equipment and have unrivaled knowledge in this specific field.

The acquisition represents another significant move in the Company’s attempts to vertically integrate its capital maintenance program while diversifying its service offerings. The acquisition price is based on a closing price equal to DGI’s net tangible assets and subsequent payments based on the business’s profitability over four years. The total anticipated acquisition price reflects a 3.0x EBITDA multiple over the next twelve months based on our opinion that current global demand for mining components has returned to, and will remain stable at, or perhaps surpass, pre-COVID 19 levels the next twelve months..The transaction is scheduled to close on July 1, 2021, and will be financed using existing debt facilities.

About North American Construction Group Ltd.
North American Construction Group Ltd. is a significant provider of heavy construction and mining services in Canada. NACG has been providing services to many mining and resource industries for over 65 years.

Spotlight

A GoPro camera, a commercial drone and a lot of imagination: this is all that Gabor Ercsenyi, Managing Director of CAE Budapest, needed to create the “Global Engineering Team Rap”. The video features the employees from different CAE's engineering sites around the globe.

Spotlight

A GoPro camera, a commercial drone and a lot of imagination: this is all that Gabor Ercsenyi, Managing Director of CAE Budapest, needed to create the “Global Engineering Team Rap”. The video features the employees from different CAE's engineering sites around the globe.

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MARKET

SOCOTEC GROUP FURTHER EXPANDS ITS PRESENCE IN THE NETHERLANDS

SOCOTEC GROUP | January 18, 2022

After its first acquisition in 2021 in the Dutch market, the SOCOTEC Group, a trusted third party and a leading company in building and infrastructure risk management, announces the acquisition of Inpijn Blokpoel, a major player in the Dutch ground investigation and geotechnical market. With the acquisition of Inpijn Blokpoel Engineers, SOCOTEC is strengthening its position as a key player in the Dutch construction and infrastructure TIC market and is expanding its service portfolio to better serve its customers. The ambition of the group is to become the leading company in testing, inspection and certification services in the construction and infrastructure sectors, alongside the lifecycle of any built environment. Founded in 1975 and headquartered in Son, close to Eindhoven, Inpijn Blokpoel Engineers, employs more than 100 people and has a turnover of over 12 million euros. With three main locations around the country (Son, Waddinxveen and Groningen), it is a key player in geotechnics, geophysics and environmental services, some of the core services of the SOCOTEC Group whose global ambition is to meet the growing challenges of environmental, energy, regulatory and digital transitions in the construction and infrastructure sectors. Inpijn Blokpoel Engineers is a specialist in the field of geotechnical and environmental consultancy services using the most modern ground investigation equipment and a cutting-edge laboratory. Consultancy services are provided in the areas of building foundations, construction pits, drainage, wind turbines, logistics centers, structural damage analysis, geophysics, dykes etc. During construction phase, full geotechnical supervision and monitoring can be supplied. Inpijn Blokpoel's clients are contractors, property developers, structural engineers, large engineering companies but also private individuals and of course most Dutch water boards, given its specific know-how in the field of dykes. Inpijn Blokpoel Engineers' core expertise in geotechnics is highly complementary to Hanselman Group acquired by the SOCOTEC Group last August 2021, as the company offers technical expertise for claim management, construction site nuisances management and monitoring services as well as technical inspection in the real estate market. "We are thrilled to have Inpijn Blokpoel as part of our group. Inpijn Blokpoel's brand reputation in the Netherlands and entrepreneurial culture fit extremely well with our organisation and internationalisation strategy. Also, Inpijn Blokpoel broadens our service offering following the acquisition of Hanselman Group. Even if they will remain independent, both companies will be much stronger together and will support the development of the SOCOTEC brand in Europe. With a €25.0m of combined turnover in the Netherlands, SOCOTEC is now a key player in the country and the only one able to offer such a range of services to the Dutch construction and infrastructure markets. Finally, Inpijn Blokpoel complements our existing network of pan-European experts in geotechnics and monitoring across France, the UK, Germany and Italy, from which I expect great technical synergies as well as commercial benefits." -Hervé Montjotin, CEO of the SOCOTEC Group Erik Geurtjens, Managing Director of Inpijn Blokpoel Engineers added: "Joining the SOCOTEC Group is a great opportunity for our organisation, our people and our customers. With the support of SOCOTEC and its technical expertise, we will be in an even better position to accomplish what we have been striving for as a team, over the last 45 years: to minimise the geotechnical and environmental risks for our clients when developing projects in the construction and infrastructure sectors, always looking for the most economical and sustainable options. In the near future, we will be able to expand our market further, serving our customers throughout the entire life cycle of a project." ABOUT THE SOCOTEC GROUP At the service of companies for almost 70 years, the SOCOTEC Group, chaired by Hervé Montjotin, has built its reputation as a trusted third party in the fields of risk management, compliance, safety, health and environment in the Construction, Infrastructure and Industry sectors.As a guarantor of the integrity and performance of assets as well as the safety of people, SOCOTEC develops a range of services in testing, inspection and certification (TIC) for companies in the public and private sectors for their buildings, equipment, infrastructures or constructions. SOCOTEC contributes to the optimisation of their performance by controlling the risks inherent to their activity. Its expertise enables SOCOTEC to support its clients throughout the life cycle of their projects and assets, resulting in a long-term partner position.N°1 in construction inspection in France, and a major player in TIC services in the Construction and Infrastructure sectors in Europe and the United States, the SOCOTEC group will achieve a consolidated turnover of €1bn in 2021 (50% of which was generated outside France) with 200,000 clients. With a presence in 23 countries and 9,700 employees, it has more than 250 external accreditations, enabling SOCOTEC to act as a trusted third party in many projects. In France, it has more than 150 locations throughout the country, including 32 training centers.

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ENGINEERING TECH

Eagle Point Software Acquires UK-Based KnowledgeSmart

Eagle Point | August 26, 2021

Eagle Point Software Corporation has announced the acquisition of United-Kingdom-based KnowledgeSmart Ltd, a company that delivers skills gap analysis and benchmarking services to help AEC firms maximize their return on investment in technology, people and client services.Eagle Point Software is the developer of the Pinnacle Series AEC e-learning system, which features a comprehensive library of videos, documents and other development resources that enables long-term employee training and on-demand problem-solving. John Biver, President and CEO of Eagle Point Software, explained, "Although Pinnacle Series was the industry's first e-learning platform to integrate with KnowledgeSmart in 2018, we're now positioned to integrate the two platforms even further and evolve them to bring more value to the AEC and manufacturing spaces. By combining our world-class teams and solutions, Pinnacle Series and KnowledgeSmart are able to deliver rapid platform enhancements that help the design and construction markets upskill and work more productively." Biver continued, "The world has evolved to a work from home or hybrid model virtually overnight. Combining that challenge with ongoing technological advancements, skills gaps in our industry are greater than they have ever been. This acquisition positions us to be able to provide more value than ever before." Rory Vance, Managing Director of KnowledgeSmart, shared, "KnowledgeSmart has enjoyed a close working partnership with Eagle Point for the past five years. Our operational and management teams work well together, and the two organizations share common values with a strong team spirit plus complementary skills and technologies. By combining the industry-leading Skills Assessment platform with the most widely used e-learning and skills development system in the AEC sector, I believe we will achieve more." Vance will continue in a leadership role and actively engage in the forward-looking strategy and execution-related integrations of KnowledgeSmart with Pinnacle Series. It is anticipated other key KnowledgeSmart employees will join Eagle Point and remain based in the United Kingdom. About Pinnacle Series by Eagle Point Pinnacle Series creator Eagle Point Software has helped AEC companies work more efficiently since 1983. Based in Dubuque, Iowa, the Pinnacle Series team is comprised of engineers, architects and construction technologists who deliver the leading AEC and manufacturing development and productivity platform to 240,000+ global registered users.

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ENGINEERING TECH

Surna Cultivation Technologies Signs Four New Engineering Contracts for Grow Operations Across the United States

Surna Cultivation Technologies LLC | February 28, 2022

CEA Industries Inc. (NASDAQ: CEAD) subsidiary, Surna Cultivation Technologies LLC, a leader in controlled environment agriculture (CEA) systems engineering and technologies, was recently awarded four engineering contracts for indoor farms across the United States. “I am proud of how our team continues to execute toward our strategic vision. Our strength comes from every team member’s high expectations for our future.” -Tony McDonald, CEA Industries Chairman and CEO Surna has seen an increase in cultivation facility owners’ propensities to work with its engineering teams earlier in their projects. By being involved earlier in the process, Surna’s engineers can provide a holistic system approach guided by the project’s needs and facility constraints. These contracts indicate this correlation, and further validate Surna’s expanded product offerings and strategic initiatives announced last year. “Historically, cultivators have often decided on a particular manufacturer for their HVAC technology, even before engineering has started, With more system choices available from a single source through Surna, our clients can freely explore a variety of CEA climate control technology options, working with our engineering team to select the one that best serves their interests." -Kenneth Loshelder, P.E., Surna’s Director of Engineering and Field Services. About CEA Industries Inc. CEA Industries Inc. (www.ceaindustries.com), is home to industry leaders in controlled environment agriculture, with complementary and adjacent companies added to its portfolio when aligned with the company’s growth initiatives. As the global environment for indoor cultivation continues to grow, CEA Industries was formed to embrace companies that support these ecosystems. Headquartered in Louisville, Colorado, CEA Industries knows that growth is a team sport. Through future partnerships and mergers and acquisitions, both financial and strategic, CEA Industries will continue its pursuit of companies that bring accretive value to its customers and investors. About Surna Cultivation Technologies Surna Cultivation Technologies (www.surna.com), is an industry leader in CEA facility design and technologies. We provide full-service licensed architectural and mechanical, electrical, and plumbing (MEP) engineering services, carefully curated HVACD equipment, proprietary controls systems, air sanitization, lighting, and benching and racking products. Our team of project managers, licensed professional architects and engineers, technology and horticulture specialists and systems integrations experts help our customers by precisely designing for their unique applications. Through our partnership with a certified service contractor network, we provide installation and maintenance services to assist in a smooth build-out and optimal facility performance. We have been providing solutions to indoor growers for over 15 years and have served over 800 cultivators with over 200 of them being large, commercial projects. Headquartered in Louisville, Colorado, we leverage our experience in the industry to bring value-added solutions to our customers that help improve their overall crop quality and yield, optimize energy and water efficiency, and satisfy evolving state and local codes, permitting and regulatory requirements.

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