TriMech | November 08, 2021
TriMech, a leading provider of engineering design and additive manufacturing solutions, announced it has acquired Adaptive Corporation and Forward Vision. Terms of the transaction were not disclosed. TriMech is a portfolio company of The Halifax Group, a Washington, D.C.-based private equity investor.Headquartered in Richmond, VA, TriMech helps clients design better products via a broad suite of engineering- and manufacturing-related solutions and services. The company works with leading software and hardware partners including Dassault Systèmes, Stratasys, and Artec, among others, throughout the central and eastern United States and Canada. In addition to its product portfolio, TriMech delivers expert technical support, training, consulting, implementation, additive manufacturing, and staffing services to its customers through its world-class engineering staff.
The acquisitions of Adaptive Corporation and Forward Vision expand TriMech's Dassault Systèmes portfolio offering to include CATIA, DELMIA, SIMULIA and ENOVIA. Adaptive is known for its strong capabilities in advanced CAD and simulation, product lifecycle management (PLM), metrology, and Creaform portable 3D scanners. The Forward Vision team specializes in CATIA, DELMIA, and FlexSim and has expertise in robotics, ergonomics, factory scheduling, throughput simulation, and logistics workflows. Both companies have clients in transportation and automotive, aerospace and defense, and industrial equipment.
"We aim to be our clients' trusted technology partners. By bringing together great teams with new product offerings and expertise, TriMech will deliver wider solutions and deeper industry knowledge. Growth by acquisition is part of our long-term strategy to help our clients manage rapid digital transformation."
-Marcel Matte, President and CEO of TriMech
Adaptive will continue to operate under the name Adaptive – A TriMech Company. The Forward Vision team will join Adaptive's sales and support teams.
Senior management at Adaptive and Forward Vision will remain in place. Wayne Tanner, Adaptive's President, will serve as General Manager of Adaptive – A TriMech Company, reporting to Ted Lee, TriMech's Chief Services Officer. Forward Vision's President Joe Hugan and Vice President John Moran will serve as Product Managers for TriMech's Robotics and Discrete Event Simulation teams, continuing to support clients with their existing teams.
As part of these acquisitions, TriMech also announced it is acquiring the Dassault Systèmes and EASA Software clients of Front End Analytics. These clients will now be supported by the experienced team at Adaptive and TriMech. After transitioning these clients, Front End Analytics will continue as an independent business focused on its Physics Informed Machine Learning and AI solutions.
"The demand for increasingly sophisticated technology has accelerated as engineers and manufacturers introduce or improve products to meet market needs. Our combined client base will have access to more solutions that involve critical areas of their business."
-Adaptive's President Wayne Tanner
Forward Vision President Joe Hugan commented, We have always thrived by working closely with each other and with our clients. As part of TriMech, our people will have more opportunities to collaborate, learn, and grow, making us better able to meet our clients' needs and ensure their success.
Founded in 1998 and headquartered in Richmond, VA, TriMech provides computer-aided design and engineering software, additive and subtractive manufacturing solutions, and associated training, consulting, and staffing services for a variety of industries. Its tools support 3D modeling, simulation, virtual replication, collaboration, and information intelligence applications. The company has 32 locations across the central and eastern U.S. and Canada and serves more than 15,000 active clients. For more information, please visit www.trimech.com.
About The Halifax Group
Founded in 1999, The Halifax Group is a private equity firm that partners with managers and entrepreneurs to recapitalize and grow lower middle-market businesses with total enterprise values generally between $50 million and $300 million. Halifax specializes in equity recapitalizations, corporate carve-outs and management buyouts and invests across a variety of industries, including outsourced business services, health and wellness, and franchising. The firm is headquartered in Washington, D.C. For more information, please visit www.thehalifaxgroup.com.
McDermott | August 13, 2021
McDermott International, Ltd today announced that its CB&I Storage Solutions business has completed the design of a 40,000 cubic meter liquid hydrogen sphere as part of a study awarded by a leading natural gas producer earlier this year.
"Viable storage solutions play a critical role in supporting a large-scale hydrogen economy," said Cesar Canals, Senior Vice President, CB&I Storage Solutions. "This study confirms the feasibility of scaling up liquid hydrogen solutions beyond what was previously thought possible and positions us to better serve our customers in this growing industry."
The conceptual design for a double-wall liquid hydrogen sphere with a storage capacity of 40,000 cubic meters is approximately eight times larger than the world's largest liquid hydrogen sphere currently under construction by CB&I Storage Solutions for NASA.
"This study is just the beginning of achieving what's possible for liquid hydrogen storage," said Samik Mukherjee, Executive Vice President and Chief Operating Officer. "We believe our engineering expertise will make a real, tangible difference in realizing the energy transition."
About CB&I Storage Solutions
CB&I Storage Solutions is the world's leading designer and builder of storage facilities, tanks and terminals. With more than 59,000 structures completed throughout its 130-year history, CB&I Storage Solutions has the global expertise and strategically-located operations to provide its customers world-class storage solutions for even the most complex energy infrastructure projects.
McDermott is a premier, fully-integrated provider of engineering and construction solutions to the energy industry. Our customers trust our technology-driven approach engineered to responsibly harness and transform global energy resources into the products the world needs. From concept to commissioning, McDermott's innovative expertise and capabilities advance the next generation of global energy infrastructure—empowering a brighter, more sustainable future for us all. Operating in over 54 countries, McDermott's locally-focused and globally-integrated resources include more than 30,000 employees, a diversified fleet of specialty marine construction vessels and fabrication facilities around the world.
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.