An entrepreneurial mindset in construction

PBC Today | April 28, 2020

Ryan Dempsey, founder and chief executive of The Compliance Workbook, shares his entrepreneurial mindset journey. When I was sat at home, looking at hundreds of compliance documents which would eventually require my signature to confirm the correctness, I couldn’t help but think there has to be a better solution.

I mean, we recently shot a satellite from Earth which travelled for years to land on a comet travelling at thousands of miles an hour. Yet here I was looking at similar documents over and over again to confirm the data was correct and that there was no risk to the client I was passing these documents to.

I believe these are the moments that trigger the so-called Entrepreneurial Mindset Shift. Seeing an opportunity and then looking realistically at how you can develop it is one of the first steps in true innovation. I just couldn’t help but think a solution to free up my time was so justified and logical that I had to do something about it.

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MARKET

The BGL Industrials Insider -- Solid Foundation for Accelerating M&A in Building Products

Brown Gibbons Lang & Company | February 09, 2022

Secular strength is fueling a white-hot M&A market in Building Products with investor appetite broad-based, according to an industry report released by the Building Products investment banking team at Brown Gibbons Lang & Company (BGL). Growth is in focus, and high-quality deals are attracting significant competition, which is driving up valuations.In the report, BGL examines the current state of the market as well as near-term outlook. Macro indicators point to continued growth, echoed by industry participants reporting strong business performance. Residential construction spending was up nearly 15% in December year-over-year. Forecasts for repair and remodeling activity project double-digit growth through year-end. Com­mercial building markets are rebounding with a full recovery anticipated in 2022. While supply chain disruptions, inflation, and a tight labor market persist, consumer demand remains robust with many companies experiencing record backlogs and implementing pricing actions to preserve margins. 2022 is expected to remain very active, buoyed by economic growth and capital availability. The broader private equity market is exhibiting an almost frenetic pace of capital deployment following an unprecedented year for deal making in 2021, with deal volume and value breaking all-time records. Platinum Equity, Dunes Point Capital, The Riverside Company, Centerbridge Partners, and Sun Capital Partners are among the financial sponsors to recently announce new platform investments in the space. Corporate buyers are discerning but moving fast for highly complementary assets. Westlake Chemical, Carlisle Companies, and Nucor headlined deal activity, each announcing billion-plus transactions, while Builders FirstSource, Cornerstone Building Brands, Core & Main, and PGT Innovations were among the notable buyers with multiple tuck-in acquisitions to expand scale and footprint in fragmented marketplaces. About Brown Gibbons Lang & Company Brown Gibbons Lang & Company (BGL) is a leading independent investment bank and financial advisory firm focused on the global middle market. The firm advises private and public corporations and private equity groups on mergers and acquisitions, capital markets, financial restructurings, business valuations and opinions, and other strategic matters. BGL has investment banking offices in Chicago, Cleveland, and Philadelphia, and real estate offices in Chicago, Cleveland, and San Antonio. The firm is also a founding member of Global M&A Partners, enabling BGL to service clients in more than 30 countries around the world. Securities transactions are conducted through Brown, Gibbons, Lang & Company Securities, Inc., an affiliate of Brown Gibbons Lang & Company LLC and a registered broker-dealer and member of FINRA and SIPC. For more information, please visit www.bglco.com.

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CONSTRUCTION

Lafarge Canada to Double Recycled Aggregates Volumes Through Key Partnerships

Lafarge | April 22, 2022

In celebration of this year’s Earth Day, Lafarge Canada Inc. is proud to announce the ambitious goal of doubling Eastern Canada Recycled Aggregates volumes by 2025 a set target to supply customers with over 2 million tonnes per year the equivalent to a train pulling 16,000 fully loaded rail cars. The use of Recycled Aggregates alone is a key component of Lafarge Canada’s journey to Net Zero, directly associated with the global demand for sustainable building solutions to support better living standards. “2021 was a record year. Having achieved a 19 per cent growth rate last year exceeding our original ambition of 15 per cent, encourages our teams to confidently work towards our 2025 Aggregates Strategy,” commented Peter Sanguineti, Vice President, Aggregates Eastern Canada. “In fact, we are already looking to accelerate this year’s growth rate, aiming at 25 per cent a 10 per cent annual prediction increase based on our ongoing projects with key partners in Eastern Canada.” Lafarge’s investment in the Recycled Aggregates portfolio is a clear example of the company’s commitment to the concept of Circular Economy, for instance, when producing Recycled Aggregates from demolition waste and returned concrete, Lafarge avoids the disposal of these materials in landfills and presents a sustainable alternative to virgin materials, which are non-renewable resources. “In addition, our high quality recycled aggregates significantly reduce the volume of virgin material to be transported by trucks over time,” commented Marie-Michèle Poirier, Manager, Environment & Land, Eastern Canada, “In order to reuse construction waste and turn it into Recycled Aggregates, we transport the waste directly to stockpiles at cities’ depots, which traditionally is a shorter distance compared to virgin material transportation from quarries to construction sites, resulting in a significant decrease in GHG emissions.” “Our objective is to follow the circular economy's three principles of Reduce, Reuse, and Recycle to build more with less and preserve our ecosystems. In that sense, our efforts are focused on expanding applications for Recycled Aggregates and raising quality and acceptance standards; and at the same time, address current barriers across Provincial and local governments,” affirms Sanguineti. “When you consider the logistics benefits of being close to the market and the need for a trusted outlet for demolition waste, we have a winning recipe.” Partnerships in Eastern Canada Over the past years, in Eastern Canada, Lafarge has supplied Recycled Aggregates to multiple projects in partnership with the Ontario Ministry of Transportation and the Infrastructure Ontario, including Metrolinx and the most recent QEW Credit River project. In addition, lately, the company has been working with subcontractors to Mosaic’s Finch Light Rail Transit (LRT) project to supply Recycled Aggregates in Mississauga (ON). These applications prove the versatility and high performance standards of Lafarge’s Recycled Aggregates portfolio in traditional applications. “In one of our most recent endeavors, we have been supplying multiple contractor partners performing the work for the various projects as part of the City of Toronto Basement Flooding Protection Program, The City primarily uses recycled concrete for trench backfill and bedding as part of the roadwork and their Flood Protection Program upgrades to water and wastewater in infrastructure. This proves that with proper processes and controls in place to guarantee product specifications, quality and consistency in addition to proper traceability, it can be safely utilized in a much broader and complex range of applications.” Mark Lambie, Commercial Manager, Greater Toronto Area Aggregates As part of the execution of Lafarge Eastern Canada Aggregates Strategy, the company has been also partnering with Concordia University, in Quebec, leading a study in cooperation with the City of Montreal to assess Recycled Aggregates performance in different applications. “Another exciting channel is our collaboration with different industries’ interest groups, such as Circular Economy Leadership Canada (CELC) and our participation in their World Circular Economy Forum last year,” highlighted Sanguineti. “Lastly, in February this year, we had the pleasure to sponsor the ‘Maximizing the use of Recycled Aggregates for roads construction in Canada’, a national workshop led by Circular Economy Leadership Canada in partnership with Circular Innovation Council. The event was a great opportunity to share information amongst various industry stakeholders and further our common understanding of the success stories and remaining barriers.” Technical and scientific studies According to Nicolas Ginouse, Technical Director, Aggregates & Construction Materials, Eastern Canada, “Technical and scientific studies on this topic clearly show that the complete or partial replacement of virgin aggregates by Recycled Aggregates offers unique opportunities for supply chain security, reducing natural resources consumption, and global carbon footprint while ensuring similar, and in some cases, superior performances when compared to virgin materials. In some European countries and areas, such as in Paris, where sourcing virgin aggregates is very challenging, the use of Recycled Aggregates has become the norm, as they are essential to secure sustainable and cost-effective aggregates supply, while reducing CO2 emissions.” In 2019, the Ontario Good Roads Association (OGRA) estimated that more than 6 million tonnes of Recycled Asphalt Pavement (RAP) were being stockpiled at over a hundred facilities across the province. “If we were to reuse this amount of RAP as an industry – the equivalent of over 500,000 full dump trucks – in producing asphalt for new roads, we would be looking at saving around 15 million cubic metres of freshwater, enough water for over 50,000 households for one year, and on top of that, we would be saving 125 thousand tonnes of greenhouse gases (GHGs) emissions,” concludes Lambie. Industry task force However, there are currently a few barriers restricting the accelerated growth of Recycled Aggregates in Canada. One of the most pressing roadblocks is the lack of trust in performance - related to a few unfortunate events that took place in the past associated with industry players that have supplied projects with substandard material, which have resulted in quality and durability issues. “This is why it is key for us to aim to define a set of regulations or a certification system that provides the minimum quality and consistency requirements to ensure high standard performance. However, Lafarge recognizes the fact that we cannot influence this on our own and there must be consensus among responsible players,” commented Sanguineti. “With that said, we have initiated an industry task force with like minded responsible industry players, looking to standardize acceptance requirements across local governments in Ontario.” About Lafarge Canada Inc. Lafarge is Canada’s largest provider of sustainable construction materials and a member of the global group, Holcim. With 6,000 employees and 350 sites across Canada, our mission is to provide construction solutions and products that build progress for people and the planet. The cities where Canadians live, work, and raise their families along with communities’ infrastructure benefit from the sustainable portfolio provided by Lafarge, consisting of Aggregates, Asphalt and Paving, Cement, Precast Concrete, Ready-Mix Concrete, and Road Construction.

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MATERIALS

LandSouth Continues Long-Time Partnership with Developer by Breaking Ground on Presidium Park

LandSouth | December 22, 2021

LandSouth Construction, a Jacksonville, Fla.-based, award-winning general contractor, broke ground for the construction of Presidium Park, an upscale multifamily community in Jacksonville, Florida. The developer for Presidium Park, Presidium, continues a long-time relationship between the two groups. The four-building complex will be located at 8181 AC Skinner Parkway in Jacksonville and is scheduled to be completed late 2023. "It's great to continue our partnership with Presidium and we're excited to offer a beautiful, new development to the growing Jacksonville area,LandSouth and Presidium have come together several times to bring amazing multifamily communities to life. Presidium Park is the next to showcase both organizations' commitment to innovation and excellence." -LandSouth President and CEO, James Pyle. Louis Fegan is the LandSouth project manager for Presidium Park and Brad Chilton is the superintendent, continuing their successful partnership. Dwell Design Studio is the architecture firm for the development. Presidium Park will be a 4-building, midrise, 5-story development featuring 33 different types of units. Future residents will have the choice of floor plans that range from 616 square feet to more than 1,703 square feet, both single and multi-bedroom. Presidium Park will offer residents a clubhouse, two-story amenity center, swimming pool with pavilion, car spa, and several high-end amenities. Presidium Park boasts proximity to area entertainment and restaurants, including St. Johns Town Center. In addition, Presidium Park is close to the University of North Florida. "Jacksonville continues to grow at a remarkable rate and Presidium Park will provide more luxury housing for the people of Jacksonville,Presidium and LandSouth have a long history of bringing best-in-class communities to life and I'm thrilled to lead the way on Presidium Park." -Louis Fegan, the LandSouth Project Manager. LandSouth will employ its unique integrated construction approach to build Presidium Park. Service components work together to provide a seamless delivery system through proven procedures, systems, and technology. ABOUT LANDSOUTH CONSTRUCTION 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. For more information, call LandSouth Marketing Manager, Erica Zumstein, (904) 273-3182, Ext. 109 or visit www.landsouth.com. ABOUT PRESIDIUM Founded in 2003, Presidium is a fully integrated real estate firm with an 18-year operating history and an existing portfolio totaling over $2 billion AUM. Presidium is committed to providing best-in-class housing for individuals of all income levels and creating great spaces that enhance people's lives. For more information about Presidium, visit www.presidiumre.com.

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CONSTRUCTION

Mighty Buildings Announces Three Senior Leadership Appointments

Mighty Buildings | April 18, 2022

Mighty Buildings, a technology company that is revolutionizing the construction industry through 3D printing, using advanced materials and robotic automation to create beautiful, sustainable, and high-quality homes, today announces three senior leadership appointments, as the company builds the foundation for its next phase of growth. Russ Atassi joins Mighty Buildings as Chief Operating Officer (COO), bringing more than 20 years of experience in supply chain, R&D and manufacturing operations through his previous roles at Airbnb, Facebook Oculus, Apple, Google, General Motors, and Ford. Throughout his professional career, Russ has developed and scaled global supply chain and hardware manufacturing operations for some of the leading tech companies in Silicon Valley. He holds a BSE (Industrial and Systems Engineering) from the University of Michigan Dearborn, a MSE (Industrial & Operations Engineering) from University of Michigan Ann Arbor, and a MS (System Design & Management) from Massachusetts Institute Of Technology (MIT). Rene Griemens has been appointed as Chief Financial Officer (CFO), and joins the company from Volocopter, the world’s first sustainable air mobility business where, as CFO, he led fundraising efforts totalling more than $340 million in equity and $1 billion in debt. His 30 years of global experience in high-growth technology, investment banking, and strategy consulting include his CFO role at German fintech Kreditech Group, as well as other executive roles at IEG, dooyoo.com, and McKinsey. Rene holds an MA in Economics from the University of Cologne and an MBA from INSEAD. Mark Aldrich has been appointed as General Counsel, bringing decades of legal expertise in regulatory compliance, product development, and go-to-market strategies. Prior to joining Mighty Buildings, Mark led the legal team supporting new product research and development at Airbnb. Before that, he served in long-term secondment roles as Senior Product and Privacy Counsel for Google, VMWare, Autodesk, NVIDIA, and Intel. Prior to moving in-house, Mark was in private practice, working as outside General Counsel to start up and emerging growth technology companies around the world. Mark earned a JD from the University of San Diego School of Law and a BS in Finance, Real Estate, and Law from California State Polytechnic University-Pomona. “I’m thrilled to have Russ, Rene and Mark join Mighty Buildings at this inflection point in our development as we expand our strategy to support our next stage of growth. The enormous experience and expertise that they bring will accelerate the roll-out of our platform to enable developers to rapidly scale housing deployments and make sustainable living a reality for more customers. The opportunity and demand are massive, and today we have the team in place to not only tap into that demand, but to do so with minimal carbon footprint and enviable speed of execution.” Mighty Buildings CEO Slava Solonytsin The company now employs more than 170 team members across the globe in its mission to pioneer new sustainable methods to build better quality and more resilient homes. About Mighty Buildings Mighty Buildings is a construction technology company that is dedicated to reimagining the building industry. By applying automation, 3D printing, advanced material science, and other innovative technologies to offsite prefabrication, Mighty Buildings can build houses with fewer labor hours, less residual waste, and reduced environmental impact than conventional construction. Mighty Buildings works with compliance and regulatory agencies to develop future-forward materials that are tested to the most rigorous standards with nearly zero-waste production methods. Having initially proven its business model with ADUs, Mighty Buildings has now shifted to a partnership approach, collaborating with developers to build large quantities of single-family homes, in various configurations, based on its unique panelized Mighty Kit System. Mighty Buildings is committed to making beautiful, sustainable, and high-quality homes a reality for more people.

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