CONSTRUCTION

Capital Construction Holdings Partners with Options Exteriors

Capital Construction | August 30, 2022 | Read time : 02:19 min

Capital Construction News
O2 Investment Partners  is pleased to announce that its portfolio company Capital Construction Holdings, a premier provider of roof replacement and repair and other exterior restoration services to residential customers across the U.S., has partnered with Options Exteriors.

Founded by Aaron and Christina Bible, Options Exteriors is a leading provider of residential roof replacement and repair services across the Midwest. The business is headquartered in Eden Prairie, MN, with three additional locations serving customers across Minnesota, Iowa, and surrounding states.

“We are extremely excited about the tremendous growth that our company has seen over the past several years, and we believe that partnering with Capital Construction Holdings and O2 Investment Partners is the right move to take the business to the next level.”
-Aaron Bible, CEO of Options Exteriors.

Andy Oakes, CEO of Capital Construction Holdings, commented Aaron and the team at Options have quickly established themselves as one of the top roofing companies in the Midwest. We couldn’t be more thrilled to link arms with them as partners moving forward. They bring a strong sales engine that will be a tremendous help as we continue to add scale and build out a national footprint.

“Options Exteriors has established itself as a premier roofing contractor in the Midwest and we couldn’t be more excited for them to partner with us at Capital Construction Holdings. Options is a crucial addition to the platform as we endeavor to expand our footprint and build a best-in-class residential roofing company.”

-Mike Cotant of O2 Investment Partners.

About Capital Construction Holdings:
Capital Construction Holdings is a provider of roof replacement and repair and other exterior restoration services to residential customers across the United States. Capital is headquartered in Burnsville, MN. 

About Options Exteriors:
Options Exteriors is a leading provider of residential replacement and repair services across the Midwest. Options is headquartered in Eden Prairie, MN, with additional locations in St. Cloud, MN, Des Moines, IA, and Cedar Rapids, IA. 

About O2 Investment Partners:
O2 Investment Partners is a Midwestern based private equity firm that seeks to acquire majority interests in lower middle market B2B services, technology, and select industrial companies. The firm invests in businesses with earnings growth potential and a clear path to the creation of shareholder value. O2 invests with a view toward partnering with management to build and grow the business and take it to its next stage of development. This requires not only a clear vision and strategic plan to create shareholder value, but a close partnership and alignment of interest with management. 

Spotlight

Raukawa wants to encourage more women to work in construction. In her experience, women often pay close attention to detail and usually take extra care with their work. Masterlink and Master Plumbers Association chief executive officer Greg Wallace agrees. He wants more females to consider industry apprenticeships.


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.

Read More

CONSTRUCTION

Caterpillar Expands Construction Industries Portfolio with Four Battery Electric Machines

Caterpillar | October 06, 2022

To support customers during the energy transition to a lower-carbon future, Caterpillar (NYSE: CAT) will display four electric machine prototypes, including battery prototypes, at bauma 2022 Oct. 24-30 in Munich, Germany. Caterpillar is focused on delivering purpose-built solutions to help customers achieve their sustainability goals by geography, by jobsite and specific customer need. One of many solutions, the battery electric machine prototypes include the 301.9 mini excavator, 320 medium excavator, 950 GC medium wheel loader and 906 compact wheel loader. The machines are powered by Caterpillar battery prototypes and include an onboard AC charger. The company also plans to offer an offboard DC fast charging option. "Caterpillar is well positioned to help customers reach their sustainability goals, including lowering emissions on the jobsite, It's important we meet customers on their sustainability journey today with a variety of solutions including machines that run on renewable fuels or technology that increases fuel efficiency, as well as supporting them into the future as we power our next generation of machines." -Tony Fassino Group President Construction Industries. The Caterpillar-designed batteries in these machines will also be available to power other industrial applications. Built on proven Caterpillar technology, the lithium-ion battery range features a modular design that offers flexible configurations across multiple applications. The batteries are engineered to be scalable to industry and customer performance needs and maximize sustainability throughout their lifecycle, including recycling and reuse at the end of life. "Our electrified products leverage our deep system integration experience and are designed to meet the performance expectations that customers have come to expect from Caterpillar, We're focused on helping our customers achieve the optimal product and jobsite energy lifecycle, allowing them to maximize value and minimize their total cost of operation." -Joe Creed, Energy & Transportation Group President. About Caterpillar: With 2021 sales and revenues of $51.0 billion, Caterpillar Inc. is the world's leading manufacturer of construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. For nearly 100 years, we've been helping customers build a better, more sustainable world and are committed and contributing to a reduced-carbon future. Our innovative products and services, backed by our global dealer network, provide exceptional value that helps customers succeed. Caterpillar does business on every continent, principally operating through three primary segments – Construction Industries, Resource Industries and Energy & Transportation – and providing financing and related services through our Financial Products segment.

Read More

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.

Read More

CONSTRUCTION

Foresite Technology Solutions Disrupts Construction Software Landscape with Release of SaaS Platform

Foresite | September 13, 2022

Foresite Technology Solutions, LLC (Foresite), announces today the release of its SaaS-based Construction Management Platform available starting today. The platform unifies team members across the building lifecycle, providing clients with the tools to establish benchmarks, monitor performance, and optimize results across all critical functions of the jobsite. Utilizing the Foresite platform, clients are now able to tackle previously unattainable outcomes such as the reduction of construction rework, elimination of trade dry runs, increase in worker productivity, and reduction of warranty spend. No longer challenged with navigating the maze of single solution applications and spreadsheet-based processes, the platform removes the IT burden, allowing clients to focus their attention on increasing revenue, gross margin, and brand value. "We are excited to release this game changing technology to the market and I am grateful for all the support from our team, our partners, and clients, This marks a critical milestone in our journey, our focus now turns to delivering amazing outcomes for our clients." -John Gillett, founder and CEO of Foresite. About Foresite: Foresite is an innovative and transformative construction platform built on 25 years of intellectual property and industry knowledge. The platform provides intelligent profitability management for field operations, serving builders, trade contractors, manufacturers, and insurers, in addition to unprecedented control over critical operational processes. Users access preconfigured content-based solutions such as ENERGY STAR, workforce efficiency and productivity, logistics, safety, quality control, and regulatory compliance, rapidly driving process optimization at the jobsite.

Read More

Spotlight

Raukawa wants to encourage more women to work in construction. In her experience, women often pay close attention to detail and usually take extra care with their work. Masterlink and Master Plumbers Association chief executive officer Greg Wallace agrees. He wants more females to consider industry apprenticeships.

Resources