NV5 Acquires KMK Technologies, Strengthens Building Technology Solutions

NV5 | September 17, 2022 | Read time : 01:14 min

NV5 Acquires News
NV5 Global, Inc. (the “Company” or “NV5”) (Nasdaq: NVEE), a provider of technology, conformity assessment, and consulting solutions, announced today that it has acquired KMK Technologies, LLC. (KMK), a provider of technology design and consulting services. KMK serves public and private sector clients that require advanced audiovisual, lighting, security, and IT systems for their facilities. The acquisition was made with a combination of cash and stock and will be immediately accretive to NV5’s earnings.

KMK has designed the building technology infrastructure for numerous high-profile projects, and we look forward to integrating these capabilities into our Buildings and Clean Energy business. NV5’s ability to deliver both MEP and technology design provides a competitive advantage on projects requiring integrated technical capabilities, and the acquisition of KMK strengthens NV5’s position as a leader in building systems design and consulting, said Dickerson Wright, PE, Chairman & CEO of NV5.

“We are pleased to welcome KMK to the NV5 team as it strengthens our technology design and consulting capabilities.” 

-Ben Heraud, COO of Buildings and Clean Energy Solutions at NV5. 

About KMK Technologies:
Headquartered in Monroeville, NJ, KMK engineers serve facility owners and architects through world-class technology consulting and specialize in the design of audiovisual, security, Lighting, and IT infrastructure.  

About NV5:
NV5 Global, Inc. (NASDAQ: NVEE) is a provider of technology, conformity assessment, and consulting solutions for public and private sector clients supporting sustainable infrastructure, utility, and building assets and systems. The Company focuses on multiple verticals: testing, inspection & consulting, infrastructure engineering, utility services, buildings & program management, environmental health sciences, and geospatial technology services to deliver innovative, sustainable solutions to complex issues and improve lives in our communities. NV5 operates out of more than 100 offices nationwide and abroad.


LIRA-SAPR program provides an open platform for the modern design technology. It is based on Building Information Modelling and has a number of advantages at all stages of the life cycle of various structures, such as bridges, TV towers, mobile communication facilities, silos, bunkers, large-span stadiums and shopping centres, high-rise buildings.

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Lennar Corporation | November 11, 2022

Lennar, one of the nation's leading homebuilders, and ICON, a construction technologies company pioneering large-scale 3D printing, announced today that construction on the largest community of 3D-printed homes is underway and reservations will begin in 2023. Situated north of Austin in the city of Georgetown's master-planned community of Wolf Ranch by Hillwood Communities, a Perot company, the 100-home community combines innovative robotics, software and advanced materials to create homes that are technologically advanced, environmentally sustainable and architecturally striking. Each Lennar home in Wolf Ranch is co-designed by the renowned architectural firm BIG-Bjarke Ingels Group. Prices are anticipated to start from the mid-$400,000s. "We are very pleased to partner with ICON and BIG in building a first-of-its-kind, printed home community that combines innovative designs with sustainable features at an affordable price, Given the housing shortage that persists across the country, it has never been more important to innovate in order to find new methods of construction that will enable greater design flexibility and greater production at affordable prices." -Stuart Miller, Executive Chairman of Lennar. Blending contemporary Texas ranch style aesthetics, the community of 3D-printed homes features elevated architectural and energy-efficient designs that highlight the benefits of resiliency and sustainability with the digital possibilities of additive construction. Delivered at speed and at scale using a fleet of ICON's Vulcan robotic construction systems, software and advanced materials, each home's full wall system - including interior and exterior walls - are produced with less waste and with more design freedom. "For the first time in the history of the world, what we're witnessing here is a fleet of robots building an entire community of homes. And not just any homes, homes that are better in every way… better design, higher strength, higher energy performance and comfort, and increased resiliency, In the future, I believe robots and drones will build entire neighborhoods, towns, and cities, and we'll look back at Lennar's Wolf Ranch community as the place where robotic construction at scale began. We still have a long way to go, but I believe this marks a very exciting and hopeful turn in the way we address housing issues in the world." -Jason Ballard, co-founder and CEO, ICON. Construction at Wolf Ranch deepens a relationship that began with Lennar's investment in Austin-based ICON's series B financing round and offers a promising path toward an alternate method of delivering technology-driven homes that meet rising demand in desirable communities. In addition to state-of-the-art homes, Lennar homeowners in Wolf Ranch can enjoy all of the amenities offered in tree-covered hill country – including pools, recreational trails and parks within easy access of downtown Georgetown and a short drive to Austin. Lennar's investments are facilitated by LENX, which drives a focused strategy within Lennar to integrate technology solutions across the homebuilding industry. With a clearly defined strategy of investing in technology companies directly adjacent to Lennar's core homebuilding operations and a disciplined investment process, LENX provides hands-on mentorship and guidance from senior leaders of Lennar's management team and a marquee opportunity to provide products and technology to Lennar customers, allowing portfolio companies to scale at an unprecedented pace. The community will offer eight stunning floorplans with 24 unique elevations ranging from 1,574 to 2,112 square feet of thoughtful living space. The homes will offer three to four bedrooms and two to three baths. All homes will be powered by the sun with rooftop solar panels and will feature components from Lennar's Connected Home package including a Ring Video Doorbell Pro, a Schlage Encode™ Smart WiFi deadbolt and a Honeywell Home T6 Pro WiFi smart thermostat. Plus, each home will come equipped with the Wolf Ranch security package. We are excited to welcome Lennar and ICON's cutting-edge home construction technology to Georgetown, Georgetown Mayor Josh Schroeder said. The Georgetown community prides itself on honoring our past and innovating for our future, and we are eager to see the future being built right here. Hillwood Communities is honored that ICON and Lennar chose Wolf Ranch to launch this exciting initiative and we look forward to the positive impact it will bring to the homebuilding industry," said Fred Balda, president of Hillwood Communities. "This innovative approach aligns with Hillwood's long history of elevated design and the thoughtful development approach we take to ensure a higher standard of living for the residents of our communities." About Lennar Corporation: Lennar Corporation, founded in 1954, is one of the nation's leading builders of quality homes for all generations. Lennar builds affordable, move-up and active adult homes primarily under the Lennar brand name. Lennar's Financial Services segment provides mortgage financing, title and closing services primarily for buyers of Lennar's homes and, through LMF Commercial, originates mortgage loans secured primarily by commercial real estate properties throughout the United States. Lennar's Multifamily segment is a nationwide developer of high-quality multifamily rental properties. LENX drives Lennar's technology, innovation and strategic investments. About ICON: ICON develops advanced construction technologies that advance humanity. Using proprietary 3D printing robotics, software and advanced materials, ICON is shifting the paradigm of homebuilding on Earth and beyond. About BIG – Bjarke Ingels Group BIG-Bjarke Ingels Group is a Copenhagen, New York, London, Barcelona, and Shenzhen-based group of architects, designers, urbanists, landscape professionals, interior and product designers, researchers, and inventors. Led by Bjarke Ingels, the studio is currently involved in projects throughout Europe, the Americas, Asia, and the Middle East. BIG's architecture emerges out of a careful analysis of how contemporary life constantly evolves and changes. BIG believes that by hitting the fertile overlap between pragmatic and utopia, architects can find the freedom to change the surface of our planet, to better fit contemporary life forms. About Hillwood: Hillwood, a Perot company, is a premier commercial and residential real estate developer, investor and advisor of properties throughout North America and Europe. Through its Communities division, Hillwood has delivered more than 40,000 single-family lots in more than 100 master-planned communities across 13 states and Costa Rica. These communities continue to raise the bar in terms of quality, innovation and the unmistakable sense of community that sets each property apart. Before laying the physical groundwork for any new residential development, Hillwood Communities takes the time to focus on the ideals that draw people together — and the everyday interactions that strengthen those bonds. By purposefully designing its walkways, gathering spaces, and structural amenities to spark spontaneous encounters and foster shared interests, Hillwood Communities believes in the power of community. About the City of Georgetown: Georgetown is a welcoming, vibrant city that has been ranked No. 1 in Southern Living Magazine's "South's Best Cities to Live in" and is home to the "Most Beautiful Town Square in Texas." Georgetown has a rich history, with Victorian storefronts and a cultural district with a wide selection of restaurants, wineries, shops, art galleries, theaters, and museums, as well as Southwestern University, tied for the No. 1 National Liberal Arts College in Texas in the latest U.S. News & World Report ranking. Outdoor recreation includes 40 parks, 16 miles of hiking and cycling trails, and Lake Georgetown. Georgetown is the fastest growing city in the U.S. with a population of more than 50,000.

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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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TELUS and Adera complete new Smart Building in North Vancouver

Adera Development | December 01, 2022

TELUS continues to grow its Residential Smart Building footprint with the completion of RED Lower Lynn, a new rental development located in North Vancouver’s vibrant Lynn Creek community. In partnership with west coast modern design builder Adera, this six-storey, 88-unit complex features TELUS’ cutting edge smart building technology and automation, offering luxury and comfort paired with savings and efficiency. Residents at RED Lower Lynn can control their smart suites from their smartphones through the easy-to-use TELUS Residential Smart Building app, giving them the flexibility to remotely lock and unlock their keyless doors, or adjust their lights from anywhere, at any time. “We’re excited to bring TELUS’ Smart Building solutions to North Vancouver’s rental market, ensuring residents and staff at RED Lower Lynn have the latest in building automation, security, entertainment, and connectivity solutions, TELUS’ partnership with Adera builds upon our strategy to leverage our world-leading wireless and PureFibre networks to bring our customers the best in home and business automation, while creating sustainable, healthy, and connected spaces to live, work, and play.” -Erin Walker, Director, Residential Smart Communities at TELUS. With TELUS Residential Smart Building, residents are conveniently notified on their smartphone when someone opens the door, the temperature needs to be adjusted, or someone requires entry. RED Lower Lynn’s building operators are also using TELUS Residential Smart Building to access the latest in security technology, 24-hour monitoring, and tools to increase building efficiency, which reduces their carbon footprint and operating expenses. “Providing a safe, secure community for residents is a top priority at Adera. As such, partnering with TELUS for RED Lower Lynn, a purpose-built rental property, aligned with our goals, The integration of smart building technology allows residents to live in a building with an added layer of security, offers peace of mind for residents and ultimately a more accessible, user-friendly experience, whether you are in your own home, the parkade, or one of the many common amenities throughout the building.” -Rocky Sethi, Chief Operating Officer at Adera. About TELUS: TELUS (TSX: T, NYSE: TU) is a dynamic, world-leading communications technology company with $17 billion in annual revenue and 17 million customer connections spanning wireless, data, IP, voice, television, entertainment, video, and security. Our social purpose is to leverage our global-leading technology and compassion to drive social change and enable remarkable human outcomes. Our longstanding commitment to putting our customers first fuels every aspect of our business, making us a distinct leader in customer service excellence and loyalty. The numerous, sustained accolades TELUS has earned over the years from independent, industry-leading network insight firms showcase the strength and speed of TELUS’ global-leading networks, reinforcing our commitment to provide Canadians with access to superior technology that connects us to the people, resources and information that make our lives better.Operating in 28 countries around the world, TELUS International (TSX and NYSE: TIXT) is a leading digital customer experience innovator that designs, builds, and delivers next-generation solutions, including AI and content moderation, for global and disruptive brands across high-growth industry verticals, including tech and games, communications and media and eCommerce and fintech. About Adera Development: With over 50 years of experience, Adera Development Corporation has built a world-class portfolio and emerged as one of the leading multi-disciplinary real estate development organizations and mass timber leaders in British Columbia. Adera remains dedicated to delivering value through a commitment to the communities it builds, its customers, the environment, and the pursuit of agile innovation in their proprietary SmartWood® and QuietHome™ technologies. To learn more about

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Franklin Construction Group Remains Industry Leader in Middle Tennessee

Franklin Construction Group | December 15, 2022

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 Marketplaceis 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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LIRA-SAPR program provides an open platform for the modern design technology. It is based on Building Information Modelling and has a number of advantages at all stages of the life cycle of various structures, such as bridges, TV towers, mobile communication facilities, silos, bunkers, large-span stadiums and shopping centres, high-rise buildings.