NJ Institute of Tech Hosts Young Scientists in STEM Competition

A college has once again hosted a science competition for middle and high school students. The New Jersey Institute of Technology, which opened its first computer lab some 65 years ago, welcomed 700 students to participate in its annual New Jersey Science Olympiad. Participants competed in teams on 19 activities designed to test their STEM skills. Among the contests for this year's games were: Boomilever, in which teams designed and built a device to support minimum load with the highest structural efficiency; Disease detective, where students used their investigative skills to study disease, injury, health and disability in groups of people; Machines, in which participants tackled a written test on simple and compound machine concepts and constructed a lever-based measuring device for determining the ratio between two masses; and Ornithology, to test students' knowledge of North American birds.

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Construction

VOLLERS, Inc. Enhances its Portfolio with the Strategic Acquisition of LAYOUT, Inc.

PR Newswire | January 02, 2024

VOLLERS, Inc. (VOLLERS), the holding company that owns or partners with quality construction services brands such as Vollers Excavating, HVI Services, Aspen Landscaping and Assuncao Brothers, Inc., proudly announces the acquisition of Layout, Inc. (Layout), one of New Jersey's most recognized construction survey firms. This acquisition broadens VOLLERS' array of services in the construction industry through its distinct and operationally independent entities. Brendan Murray, current President of VOLLERS, will expand his leadership role by assuming the role of President at Layout. Giuseppe Messina Jr., from VOLLERS, has been appointed as Vice President of Survey at Layout. James Flores, from Layout, has been appointed as Director of Project Management. "Success in construction is not just about project completion; it's about fostering a culture of efficiency, innovation, and excellence. We're not just building projects, we're building companies that lead the construction industry," states Brendan Murray. "Adding Layout, Inc. to the VOLLERS family of companies enriches our mission and enhances our service offerings across the entire construction community." Layout comes to VOLLERS as a robust business with a strong history of managing complex and substantial infrastructure projects in the region. The synergy between VOLLERS and Layout promises significant value for clients, combining VOLLERS' world-class management capabilities with Layout's surveying expertise to meet evolving market demands with industry-leading effectiveness. "I am very honored to be given the opportunity to bring these two well-respected organizations together," says Giuseppe Messina Jr. "I look forward to leading a diverse and talented team in our unwavering commitment and dedication to providing top-tier service in the Survey industry."

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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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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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Construction

Window Nation Breaks New Ground in the Emerald City Expanding Services to Seattle

PR Newswire | January 09, 2024

Window Nation, one of the nation's leading window replacement companies, proudly announces its much-anticipated expansion into the vibrant city of Seattle. With a reputation for delivering first-rate windows and unparalleled customer service, Window Nation is set to redefine the standard for home improvement in the Pacific Northwest. Seattle's unique blend of historic charm and modern architecture makes it an ideal canvas for Window Nation to highlight its diverse range of high-quality window products. The company's CEO and President, Jeff Beck, expressed enthusiasm about this strategic move, saying, "Seattle's dynamic housing landscape and the city's commitment to sustainability align perfectly with our values at Window Nation. We are thrilled to bring our expertise to homeowners in the Pacific Northwest and enhance the beauty and functionality of their homes." As Window Nation makes its mark in Seattle, Beck emphasized the company's commitment to upholding its renowned quality standards. "Our windows are crafted with precision and designed to withstand the distinctive weather patterns of the Pacific Northwest, "Seattle homeowners can trust Window Nation to deliver not only exceptional products but also a seamless and stress-free experience from consultation to installation." With a record of transforming homes across the nation, Window Nation is poised to become the go-to choice for Seattle homeowners seeking top-tier windows and exceptional service, redefining the window replacement experience for homeowners across the city. Inviting Seattle residents to embrace a clear view of the future—one framed by quality, style, and innovation.

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