Building Engineering Services Association Partners with TEMA to Accelerate Building Maintenance Technology

Building Engineering Services Association | July 07, 2020

The Building Engineering Services Association (BESA) has teamed up with the Technology Enabled Maintenance Association (TEMA) to accelerate the adoption of emerging technologies in the building maintenance sector. The Technology Enabled Maintenance Association will work closely with BESA’s specialist service & facilities group, which is responsible for the widely used industry best practice facilities management tool SFG20.

TEMA will provide a forum for the dissemination of knowledge and help to improve understanding of the latest technologies available to service and maintenance specialists across the building maintenance sector. The two bodies see particular opportunities to drive innovation in the growing areas of ventilation hygiene and indoor air quality (IAQ) both of which are seen as of significant strategic importance as buildings begin to re-open after the Covid-19 lockdown period.

Spotlight

Companies in the oil and gas industry today might feel that it is difficult to determine the right balance to strike between engineering costs and the benefits engineering brings to a project. For cases where the possible engineering benefits are not well understood, the level of difficulty further increases in justifying the costs for engineering activities. To that end though, it stands to reason that the benefits achieved through engineering efforts will most assuredly pay dividends to a greater value than what is even quantifiable due to the risks and hazards that are mitigated or eliminated via such measures.


Other News
CONSTRUCTION

Construction Partners, Inc. Completes North Carolina Acquisition

Construction Partners | December 05, 2022

Construction Partners, Inc. (NASDAQ: ROAD) ("CPI" or the "Company"), a vertically integrated civil infrastructure company specializing in the construction and maintenance of roadways across six southeastern states, today announced that it has acquired Ferebee Corporation, a full-service hot-mix asphalt and paving company headquartered in Charlotte, North Carolina. With three hot-mix asphalt plants in the greater Charlotte/Rock Hill metro area, Ferebee provides asphalt contracting services for a variety of public, commercial and residential projects. Fred J. (Jule) Smith, III, the Company's President and Chief Executive Officer, said, "We are pleased to welcome Ferebee Corporation to the Construction Partners family of companies, expanding our geographic footprint into western North Carolina. As a platform acquisition, Ferebee creates another engine for growth driven by a talented and experienced team under the leadership of Chris and David Ferebee. This new platform company will capitalize on opportunities from the rapid growth occurring in the greater Charlotte/Rock Hill markets and surrounding areas. Through our two platform companies in North Carolina, we are now better positioned to serve the infrastructure needs of one of the fastest growing states in the country." Smith concluded, "Consistent with CPI's long-established consolidation growth strategy in the Southeast, this investment expands top-line revenue growth, drives margin expansion and increases relative market share. The Ferebee acquisition, coupled with our recent strategic sale of Daurity Springs Quarry and entry into the Nashville area, expands our operations into two fast growing markets while maintaining the Company's 2022 fiscal year-end leverage ratio. Additionally, we expect both of these new operations to be accretive to earnings in this fiscal year." About Construction Partners, Inc. Construction Partners, Inc. is a vertically integrated civil infrastructure company operating across six 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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ENGINEERING TECH

BDT Capital Partners acquires minority stake in Exyte Exyte logo

Exyte | November 17, 2022

Exyte, a global leader in the design, engineering, and delivery of high-tech facilities, has announced that funds affiliated with BDT Capital Partners, LLC ("BDT") have entered into an agreement to acquire a significant minority interest in Exyte. BDT, a merchant bank that provides advice and long-term capital through its affiliated funds to help family- and founder-led businesses pursue their strategic and financial objectives, will become a minority shareholder of Exyte alongside Georg Stumpf, Exyte's current sole owner who will retain a majority stake. "Exyte is a leader in the design, development, and delivery of the world's most sophisticated manufacturing environments. The company plays an indispensable role enabling clients across semiconductor, biopharma, life sciences, and cloud computing industries to create best-in-class facilities where technological breakthroughs happen. Due to the strong leadership of Exyte's management team and the dedication of its talented employees in serving the needs of its clients, the company has an impressive track record of profitable growth. We look forward to partnering with Georg Stumpf and the Exyte management team to help continue and enhance the company's growth and impact." -Don McLellan, Partner at BDT. Georg Stumpf, Exyte's continuing majority shareholder, says: Exyte serves the most technically demanding customers in thriving markets. The company is a driving force behind important megatrends of today and tomorrow, as well as developments that will profoundly change individual and societal life and promote progress across digitization and connectivity, e-mobility, sustainable energy, digital health, and personalized care. Since I invested in the company in 2008, Exyte has exceeded all expectations and the company will again achieve record sales and results in 2022. I look forward to continuing to support Exyte's successful strategy and its future growth together with BDT. "Our clear focus on high-tech industries is paying off. Due to the favorable market outlook and Exyte's focus on semiconductors and batteries, biopharma and life sciences, and data centers, we are well positioned in our markets and successfully on our "Pathway to Ten". This year, too, we will exceed our forecasts with targeted sales of around 7 billion euros, putting us closer to our goal of reaching 10 billion euros in sales in 2027. With our successful ongoing projects and significant project pipeline, we are well positioned for future profitable growth. I am pleased that BDT is convinced of Exyte's potential and prospects and will accompany us on our journey." -Dr. Wolfgang Büchele, CEO of Exyte. The closing of the transaction is subject to customary regulatory approvals. Financial terms were not disclosed. Deutsche Bank served as financial advisor to Exyte in connection with the transaction. About Exyte: Exyte is a global leader in the design, engineering, and delivery of ultra-clean and sustainable facilities for high-tech industries. With cutting-edge expertise developed over more than a century, we serve clients in the sophisticated markets of semiconductors, battery cells, pharmaceuticals, biotechnology, and data centers. Exyte offers a full range of services from consulting to managing the implementation of turnkey solutions with the highest standards in safety and quality to our customers worldwide. We create a better future by enabling key industries to enhance the quality of modern life. In 2021, Exyte generated sales of EUR 4.9 billion with around 7,400 employees worldwide. About BDT & Company: Established in 2009, BDT & Company is a merchant bank that provides advice and long-term capital through its affiliated funds to help family- and founder-led businesses pursue their strategic and financial objectives. The firm works with the owners and leaders of these closely held businesses to find creative solutions to their most complex issues, while also providing access to its world-class network. The firm's affiliate, BDT Capital Partners, has deployed more than $30 billion in capital through its investment funds and co-investments by its global investor base.

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ENGINEERING TECH

Honda and COSI Launch New Engineering Learning Lunchbox and Kick Off Nationwide "Honda Engineering Roadshow"

COSI | October 11, 2022

Honda and the Center of Science and Industry (COSI), a nationally renowned science museum, are coming together to launch a nationwide initiative—the Honda Engineering Roadshow—to deliver 20,000 hands-on science, technology, engineering, arts and math (STEAM) kits, called Engineering Learning Lunchboxes, to students in kindergarten through eighth grade. Distribution of the kits will take place in collaboration with local food banks across the country to help feed hungry lives and hungry minds. The new Engineering Learning Lunchbox was created in partnership with and as a result of a contribution from Honda, using funds raised via the auction of the first Acura NSX Type S supercar. In 2021, Honda donated all proceeds from the $1.1 million auction of the very first serial production 2022 Acura NSX Type S supercar to charitable organizations, including COSI to support STEAM youth education across the U.S. Each Engineering Learning Lunchbox contains 10 hours of STEAM content and provides five engineering-focused learning activities showcasing the diversity of STEAM careers at Honda, from aerospace to electrical engineering. It also includes a "Honda Career Connections" game to drive home the importance of engineering education for future career opportunities at modern manufacturing companies like Honda. "The goal of our Honda Engineering Roadshow partnership with COSI is to inspire young people to consider a STEAM career path, When students get to experience real-world applications of STEAM for themselves, they have a better understanding of what opportunities are available to them in the future." -Yvette Hunsicker, vice president of Corporate Social Responsibility and Inclusion & Diversity at American Honda Motor Co., Inc. The Honda Engineering Roadshow includes stops across the nation, from California to North Carolina, over the next year. Distribution of the 20,000 Engineering Learning Lunchboxes will take place in partnership with local food banks across the country to help feed hungry lives and hungry minds. This innovative, community-based model will bring together other science centers and museums, after-school providers and community leaders to highlight the importance of STEAM. At the first Honda Engineering Roadshow stop today in Bellefontaine, Ohio, 750 people experienced science experiments with COSI Education Team Members and received the free Engineering Learning Lunchboxes along with a food donation from Second Harvest Food Bank of Clark, Champaign and Logan Counties. "COSI is grateful to have an incredible partnership with Honda, which helps fuel our mission to engage, inspire and transform lives and communities, STEAM education is critically important, and the new Engineering Learning Lunchbox kit, built in partnership with Honda, will bring access and exposure to STEAM to young learners across the country." -Dr. Frederic Bertley, president and CEO of COSI. About COSI: COSI, the "#1 Science Museum in the Country" as voted by USA Today's 10Best, is an esteemed science center that has delighted Central Ohio, with all things science for 58 years, inspiring interest in science, technology, engineering and math (STEM) topics and delivering our experiential, "hands-on fun" brand of learning. COSI has been awarded five EMMY awards for its effective science communication television and video productions impacting science literacy for people of all ages. As a trusted educational resource for families, schools and community partners, COSI is an essential element of our regional and national community, engaging millions of people annually through onsite, offsite and online experiences. About Honda Corporate Social Responsibility and the Honda USA Foundation: For more than 60 years in the U.S., Honda has been committed to making positive contributions to the communities where its associates live and work. Honda's mission is to create products and services that help people fulfill their life's potential, while conducting business in a sustainable manner and fostering a diverse and inclusive workplace. Advancing its corporate social responsibility, Honda and the Honda USA Foundation support this direction through giving focused on education, the environment, mobility, traffic safety and community.

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ENGINEERING TECH

PulteGroup Announces Expansion of Innovative Construction Group Operations into South Carolina

PulteGroup | November 21, 2022

PulteGroup, Inc. (NYSE: PHM) today announced the unveiling of its subsidiary Innovative Construction Group’s second off-site solutions manufacturing operations in Florence, South Carolina. Focused on single-family and multi-family wood framed construction, this facility will expand ICG’s production and distribution capabilities to meet growing demand in the Southeast. “Part of the Company’s ongoing expansion of the ICG platform, we are excited to open our newest off-site production facility, This facility increases the scope of ICG’s manufactured framing solutions to serve new home construction in South Carolina, including PulteGroup’s communities in Myrtle Beach, Charleston, Hilton Head, Rock Hill and Columbia.” -Ryan Marshall President and CEO, PulteGroup. The Florence operation integrates cutting-edge technology, automation and intellectual property exclusive to ICG to deliver a comprehensive range of framing solutions. Designed to enhance production efficiency and build quality, ICG provides design services, wall panels, roof trusses and floor systems, and on-site installation to provide a fully integrated shell construction process. “Opening a facility in South Carolina was a natural next step to expanding the ICG platform as it allows for collaboration with our operations in Florida, while extending our offerings and services to several new housing markets, With this expansion completed, we are excited to shift focus towards further vertically integrating our operations.” -Ryan Melin, Co-Founder and President of ICG. About PulteGroup: PulteGroup, Inc. (NYSE: PHM), based in Atlanta, Georgia, is one of America’s largest homebuilding companies with operations in more than 40 markets throughout the country. Through its brand portfolio that includes Centex, Pulte Homes, Del Webb, DiVosta Homes, American West and John Wieland Homes and Neighborhoods, the company is one of the industry’s most versatile homebuilders able to meet the needs of multiple buyer groups and respond to changing consumer demand. PulteGroup’s purpose is building incredible places where people can live their dreams.

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Spotlight

Companies in the oil and gas industry today might feel that it is difficult to determine the right balance to strike between engineering costs and the benefits engineering brings to a project. For cases where the possible engineering benefits are not well understood, the level of difficulty further increases in justifying the costs for engineering activities. To that end though, it stands to reason that the benefits achieved through engineering efforts will most assuredly pay dividends to a greater value than what is even quantifiable due to the risks and hazards that are mitigated or eliminated via such measures.

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