2021 construction output suspected to be 6.4% lower than pre-Covid growth rates

PBC Today | August 05, 2020

Despite the government putting industry at the centre of its recovery plans, the full impact of Covid-19 is expected to spell uncertainty for the construction industry. According to the Construction Products Association’s (CPA) latest forecasting, changes to the UK economy brought on by the Covid-19 pandemic, and uncertainty around consumer confidence and unemployment rates, could prove significant to construction industry activity returning to pre-Covid growth rates. Although activity on-site returned quicker than initially expected post-lockdown, the CPA Summer Scenarios still anticipates construction output in 2020 to fall by 20.6%. The worst affected sectors include private housing (-33%) and commercial (-29%). The report suggests that returns to construction sites from mid-May were largely to drive completions on existing projects and refurbishments that couldn’t take place during the restrictions. However, uncertainty remains around long-term demand and future orders given the state of the wider economy.

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ENGINEERING TECH

Dover Completes Acquisition of Malema Engineering Corporation

Dover | July 06, 2022

Dover (NYSE: DOV) announced today that it has completed the previously announced acquisition of Malema Engineering Corporation ("Malema"), which will become part of the PSG business unit within Dover's Pumps & Process Solutions segment. About Dover: Dover is a diversified global manufacturer and solutions provider with annual revenue of approximately $8 billion. We deliver innovative equipment and components, consumable supplies, aftermarket parts, software and digital solutions, and support services through five operating segments: Engineered Products, Clean Energy & Fueling, Imaging & Identification, Pumps & Process Solutions and Climate & Sustainability Technologies. Dover combines global scale with operational agility to lead the markets we serve. Recognized for our entrepreneurial approach for over 65 years, our team of over 25,000 employees takes an ownership mindset, collaborating with customers to redefine what's possible. Headquartered in Downers Grove, Illinois, Dover trades on the New York Stock Exchange under "DOV."

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ENGINEERING TECH,CONSTRUCTION

PGT Innovations takes top spot in engineering and manufacturing category on Forbes’ America's Best-in-State Employers list

PGT Innovations | August 29, 2022

PGT Innovations (NYSE: PGTI), a national leader in the premium window and door category, recently ranked No. 1 in the engineering and manufacturing category on Forbes’ America’s Best-in-State Employers list for 2022. This year’s complete list featured 1,380 companies across the U.S. in 25 industry sectors. For the state of Florida, PGT Innovations was one of only 33 companies to make the list. To compile the list, a survey was conducted among 70,000 U.S. employees across 25 industry sectors. The survey took into consideration every aspect of an employee’s experience, including working conditions, salary, potential for growth, and diversity in the workplace, and also asked for direct recommendations from employees as well as indirect recommendations from workers in the industry. Thousands of companies are eligible for this recognition, with only a select few awarded in each state. "This recognition is a true testament to the incredible teams across our organization who strive every day to make PGT Innovations a great place to work, Our company’s success is owed to our team members, and that success is how we are able to continue investing back into our organization – improving our facilities and processes and providing competitive wages, benefits, and growth opportunities. But beyond that, it’s our team members who create this outstanding environment, foster community across our national footprint, and make up our culture of togetherness by living our values every day.” -Jeff Jackson President and CEO of PGT Innovations. Prior to this recognition, PGT Innovations has been named on several of Forbes’ lists, including America’s Best Midsize Employers in 2022, Best Small-Cap Company in 2022 and 2021, Best Small Companies in 2021, and the inaugural list of America’s Best-in-State Employers in 2019, to name a few. PGT Innovations has approximately 5,500 team members across the U.S. to support its 30 facilities, which includes manufacturing plants, glass plants, brand retail stores, warehouses, and install offices. The manufacturer offers robust benefits packages with competitive wages and healthcare benefits, as well as up to 100-percent tuition reimbursement, internal programs for skills training, paid time off, volunteer time off, profit sharing, an employee stock purchase program, and employee assistance programs. The company recently launched Workplace from Meta to serve as the organization’s internal communication platform with the goal of better facilitating employee engagement and connection, as well as supporting its culture of inclusion. About PGT Innovations, Inc: PGT Innovations manufactures and supplies premium windows and doors. Its highly engineered and technically advanced products can withstand some of the toughest weather conditions on Earth and are revolutionizing the way people live by unifying indoor and outdoor living spaces. PGT Innovations creates value through deep customer relationships, understanding the unstated needs of the markets it serves, and a drive to develop category-defining products. PGT Innovations is also the nation’s largest manufacturer of impact-resistant windows and doors and holds the leadership position in its primary market. The PGT Innovations’ family of brands include CGI®, PGT® Custom Windows and Doors, WinDoor®, Western Window Systems, Anlin Windows & Doors, Eze-Breeze®, NewSouth Window Solutions, and a 75 percent ownership stake in Eco Window Systems. The company’s brands, in their respective markets, are a preferred choice of architects, builders, and homeowners throughout North America and the Caribbean. Their high-quality products are available in custom and standard sizes with massive dimensions that allow for unlimited design possibilities in residential, multi-family, and commercial projects.

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ENGINEERING TECH,CONSTRUCTION

Sciens Building Solutions Announces First Acquisition in Maryland

Sciens Building Solutions | September 23, 2022

Sciens Building Solutions ("Sciens") today announced it has added to its growing portfolio Maryland-based LS Systems just outside of Baltimore. With four already-established Northeast locations, LS Systems increases Sciens' presence in this region, along with the Washington metropolitan area, allowing them to provide coverage and expanded capabilities to even more customers, while leveraging the unique offerings of LS Systems across the Sciens portfolio. "Sciens' commitment to a Mid-Atlantic regional expansion, combined with our capabilities and relationships, will enhance our ability to serve our loyal customers, as well as new clients, We chose to partner with Sciens to become part of a platform that can serve our customers locally, regionally, and nationally. LS Systems and Sciens both view growth as a top priority, not only for our customer base but for our valued employees, so we're excited to be a part of the ongoing expansion across the country." -Derrick Mitchell, President of LS Systems. LS Systems was established in 1996 just outside of Baltimore, Maryland, where it quickly became a well-respected life safety powerhouse focused on design, construction, and maintenance of fire protection, electronic security, and emergency communication systems. Its team of over 90 professionals are market leaders in providing fire and life safety services in the complex healthcare, retail, hospitality, higher education, and government spaces. "We're taking the fun Sciens journey to Maryland, an exciting addition to our many locations across the country. LS Systems is a true life-safety leader in the Baltimore-area with a team of industry experts whose experience positions them well for growth, Sciens is delighted to partner with Derrick and the entire LS Systems team as we continue on our quest to build the largest independent fire and life safety integrator in the United States." -Terry Heath, CEO Sciens. About Sciens Building Solutions: Headquartered in San Francisco, California, and backed by The Carlyle Group, Sciens Building Solutions is a holding company focused on the fire detection and security services sector. This includes the design, installation, and provision of maintenance services for fire detection and clean agent fire suppression systems in a variety of commercial, institutional, and government facilities. About LS Systems: Founded in 1996 and headquartered near Baltimore Maryland, LS Systems is an industry leader in safety and security systems design, implementation, and maintenance. They offer their clients leading-edge technology, integrated solutions, and passionate problem-solving.

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CONSTRUCTION

Construction Partners, Inc. Announces North Carolina Greenfield

Construction Partners | August 23, 2022

Construction Partners, Inc. (NASDAQ: ROAD) (the "Company"), a vertically integrated civil infrastructure company specializing in the construction and maintenance of roadways across five southeastern states, today announced that it has commenced operations at a new hot-mix asphalt plant site in Benson, North Carolina. Fred J. (Jule) Smith, III, the Company's President and Chief Executive Officer, said, "The new Benson plant is a prototypical greenfield for us, whereby we expand into an adjacent market based on project opportunities and market dynamics. From Benson, we expect to be able to serve the fast-growing Johnston and Harnett County suburbs of the Triangle metro area of Raleigh-Durham. Consistent with our continued long-term growth strategy, greenfields such as this one in Benson are a key driver of organic growth and building shareholder value. We will continue to evaluate future investment opportunities that leverage our strong organizational footprint throughout the Southeast." About Construction Partners, Inc: Construction Partners, Inc. is a vertically integrated civil infrastructure company operating across five southeastern states. Supported by its hot-mix asphalt plants, aggregate facilities and liquid asphalt terminal, the company focuses on the construction, repair and maintenance of surface infrastructure. Publicly funded projects make up the majority of its business and include local and state roadways, interstate highways, airport runways and bridges. The company also performs private sector projects that include paving and sitework for office and industrial parks, shopping centers, local businesses and residential developments.

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