Construction

Franklin Construction Group Remains Industry Leader in Middle Tennessee

Franklin Construction Group News
Franklin Construction Group (FCG), a leader in the construction industry in Tennessee, today announced its milestone of $450 million in building contracts, with another $315 million in its construction pipeline from 2022 through 2025. Projects under contract span Middle Tennessee and include approximately 250 single-family homes, 100 townhouses, and over 1,780 apartments. FCG projects include construction and renovations in Spring Hill, Gallatin, Nashville, Lebanon, and Franklin.

"We attribute our exponential growth to our team's long-standing track record of delivering efficient, on-time construction projects while maintaining our relationship-first commitment, We feel fortunate that the construction industry is thriving throughout Middle Tennessee, enabling us to continue delivering high-quality projects."

-Will Schaedle, Senior Partner at Franklin Construction Group.

2022-2025 Franklin Construction Group projects in Tennessee include:
  • Chartwell Manor at Beechcroft, 124 houses in Spring Hill, is a residential development comprised entirely of single-family homes.
  • The Chartwell at Green Lea, garden apartments, townhomes, and single-family houses, is a new mixed-use residential community planned for Gallatin, TN, on 44 acres. The development, currently under construction, will consist of 414 apartment units, 65 townhome units, and 49 single-family homes. The residential development will also include upscale amenities, such as a fitness center, an oversized pool, grilling stations, and a centralized clubhouse for their use.
  • The Chartwell at Marathon Village are wrap-style/podium construction apartments and townhomes in downtown Nashville on the former Union Station Brick Yard site. The Marathon Village project is in a Qualified Opportunity Zone, a federally designated distressed community marked for revitalization, economic development, and job creation. This property will feature a luxury pool, outdoor amenity space, tenant-shared workspaces, a state-of-the-art fitness center, and a parking garage.
  • Fitzroy Townhomes at Lebanon Marketplace is answering the call for more housing opportunities in greater Nashville. Its locale is considered the "new gateway" to Lebanon. The project comprises 33 townhomes as part of a mixed-use development of 75 acres north of Interstate 40.
  • Watkins North, wrap-style apartments in downtown Nashville, will have 377 apartments with upmarket appliances and finishes. In addition, it will feature amenities such as a tenant clubhouse, a state-of-the-art fitness center, an outdoor pool, and a parking garage.
  • The Chartwell at Kedron Square, a garden apartment and single-family home development in Spring Hill, is part of a 124-acre master-planned community. It features a 292-unit multifamily apartment and 27 single-family cottages. Kedron Square will be one of the largest commercial districts in Spring Hill.
  • Marriott Cool Springs, in Franklin, included renovating all guest rooms and bathrooms at the Franklin Marriott and the addition of the M-Club lobby lounge. The hotel is connected to the Cool Springs Conference Center and features nearly 30,000 square feet of event space plus 300 hotel rooms.
  • Solstice at June Lake, garden apartments in Spring Hill, is an example of FCG providing construction company expertise to other qualified and reputable developers. Southeast Venture is the owner/developer of this project.
  • Franklin Construction Group has become an industry leader in major Middle Tennessee markets. Since February 2021, they have created more than 1,000 jobs for the region's subcontractors, vendors, and suppliers.

About Franklin Construction Group:
Franklin Construction Group is the affiliate construction company for the Chartwell Companies. Its mission is to capitalize on its team's vast skills and experience to deliver cost-effective, timely construction projects of the highest quality. With completed projects exceeding $4 billion in aggregate value, the team has over 100 years of combined construction experience. This includes over 12,000 apartments, 15,000 single-family homes, 50 hotels, and several hundred thousand square feet of commercial space.

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Engineering Tech, Construction

Comfort Systems USA Announces Acquisition

Business Wire | February 01, 2024

Comfort Systems USA, Inc. today announced that it has closed its previously announced transaction to acquire Summit Industrial Construction, LLC (“Summit”) headquartered in Houston, Texas. As previously disclosed, Summit is a specialty industrial mechanical contractor offering engineering, design-assist and turnkey, direct hire construction services of modular systems serving the advanced technology, power, and industrial sectors. Summit’s capabilities encompass a wide range of modular and site-based construction, including process piping, equipment setting, large pipe rack trestles, and related steel erection and specialty concrete work. Summit is a trusted supplier to some of the world’s largest advanced technology, power and industrial companies and is currently deployed on several major chip fabrication projects. Initially, Summit is expected to contribute annualized revenues of approximately $375 million to $400 million, and earnings before interest, taxes, depreciation, and amortization of $35 million to $40 million. In light of the amortization expense, Summit is expected to make a neutral to slightly accretive contribution to earnings per share in 2024 and 2025. Brian Lane, Comfort Systems USA’s Chief Executive Officer, commented, “We are delighted to announce the closing of our agreement to acquire Summit, an extremely capable provider of modular and other complex mechanical services. Summit brings a stellar reputation as a modular technology leader in growing end markets, including multiple ongoing and large semiconductor projects. We are happy to welcome Summit’s wonderful leadership team and excellent production and craft workers across many states, and we are confident Summit will continue to innovate and grow as a part of our network of world-class contracting companies. We are grateful that Summit has chosen to become part of Comfort Systems USA.”

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Design, Mechanical and Motion Systems, Engineering Tech

SPX FLOW Launches Universal 2 ND Pump Series Designed Uniquely for Industrial Market

PR Newswire | January 29, 2024

SPX FLOW, has released the Universal® 2 ND Positive Displacement Pump (U2 ND) Series designed with industrial users in mind. The pumps offer the quality and durability the Waukesha Cherry-Burrell brand is known for while optimizing cost and suitability for the industrial market. The U2 ND series significantly expands the WCB pump range, aimed at enhancing reliability and performance across industrial applications while outperforming other pump styles, such as industrial lobe, gear or progressive cavity pumps.The design features improvements uniquely suited for industrial applications, including: Total cost of ownership: The pumps ensure a long running life, given their robust construction materials and designs tailored for each application. Because of its high volumetric efficiency, the pumps can be used to dose fluids, eliminating the need for an additional metering pump.  Efficiency: The U2 ND pump reduces slip, which occurs when fluids move backward from the liquid flow due to internal clearances. Lower slip means more efficiency, reducing the need for higher horsepower motors. Also, the series can process fluids over longer spans due to its high-pressure capability, which reduces the need for multiple pumps in these applications. Reliability: WCB is a proven and trusted global brand dating back to the 1880s. The pumps are made with durable, corrosive-resistant materials compatible with industrial environments. A robust design, equipped with industrial flanges or sanitary fittings, ensures manufacturers can choose the configuration to meet their needs.  Additionally, an extensive sales channel and domestic manufacturing footprint support this pump series, enabling quick deliveries on standardized parts across the entire Universal pump product line. The U2 ND series is complemented by the Universal Industrial 5000 series, which is tailored for users who require OEM (Original Equipment Manufacturer) seals for their industrial pumping operations. Julien Bassett, Pumps Global Product Manager: "Waukesha Cherry-Burrell has extensive experience offering pumps to customers built with their needs in mind. We wanted to expand our offerings to provide quality and durability of the SPX FLOW brand while catering to the unique needs of industrial manufacturers and their applications."

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Market, Engineering Tech, Construction

JRM Construction Completes New Headquarters for Rémy Cointreau at 3 Times Square

PR Newswire | January 30, 2024

<p>JRM Construction Management is proud to announce the completion of a sophisticated project for Rémy Cointreau, a leading international premium spirits distributor. Their new headquarters, spanning 29,850 square feet, is located on the 20th floor of Rudin Management's 3 Times Square tower in New York City.</p><p>Under the guidance of JRM, and in collaboration with TPG Architects, RDA, and Cresa Project Management, the team crafted a full-floor headquarters that embodies Rémy Cointreau's signature luxury brand. The space includes state-of-the-art collaborative work areas, and features high-end bars, perfect for hosting company events and entertaining clients, creating an atmosphere of sophistication and hospitality. Additionally, the new conference rooms are equipped with cutting-edge presentation capabilities, enhancing communication and collaboration among Rémy Cointreau's team members.</p><p>Marc Reissman, Executive VP at JRM, expressed his pride in the project, stating, "Collaborating with Rémy Cointreau to bring their vision to life was a true pleasure. The attention to detail and seamless integration of artistic elements in the design reflects the brand's essence perfectly. This project stands as a testament to our commitment to excellence and our ability to transform visions into inspiring realities."</p>

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Engineering Tech, Construction

PirTano Construction acquires Powerlink Electric

PR Newswire | January 25, 2024

PirTano Construction Company, Inc. ("PirTano"), a leading Midwest-based infrastructure and utility services-focused underground construction company operating in the communications and sewer & water sectors, is pleased to announce its acquisition of Powerlink Electric ("Powerlink"). The transaction closed on November 17, 2023. Mike Piraino, President of PirTano, said, "The acquisition of Powerlink will operate as a new electrical division, and brings additional service offerings and bench strength of employees as we look forward to continuing to support our customers while capitalizing on additional opportunities." Founded in 2006 by Doug Pantle and Steve Lipinski, Powerlink Electric ("Powerlink"), is a full-service electrical and telecommunications contractor based in Vernon Hills, Illinois with an outstanding reputation in its regional marketplace and is well known for the reliability and quality of its service. Powerlink primarily focuses on commercial and industrial projects and operates in Northeastern Illinois and surrounding areas. Powerlink will continue to operate under the current leadership as a wholly owned subsidiary of PirTano. Rising Point Capital ("RPC"), commented on the transaction, "Doug and Steve have built a tremendous reputation in its marketplace. We are very excited to partner with them to help accelerate their growth and with leading a new division at PirTano."Generational Equity, a leading mergers and acquisitions advisor for privately held businesses, served as the exclusive advisor to Powerlink. Generational Equity Executive Managing Director of M&A – Central Region, Michael Goss, Stephen Dinehart, a Generational Group Authorized Affiliate, with support from Vice President, M&A, Lance Thomasson successfully closed the deal.

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