ENGINEERING TECH

Procore Acquires LaborChart to Improve Construction Workforce Management

Procore & LaborChart | October 23, 2021

Procore Technologies, Inc., (NYSE: PCOR), a leading provider of construction management software, today announced it has acquired LaborChart, a leading provider of workforce management software for specialty contractors and self-performing general contractors. LaborChart deepens the office and field connection by empowering contractors to better schedule, manage, forecast, and communicate with their workforces, ultimately improving profit margins.Labor is typically the highest and most variable cost for contractors, yet many still rely on spreadsheets and analog options like whiteboards to manage their workforces. LaborChart’s software provides a modern solution to these legacy processes and complements Procore’s existing solutions.

Procore’s Field Productivity product helps contractors track employee time and provides insights into team productivity. LaborChart gives contractors a real-time and forward-looking understanding of all workers, assignments and commitments, enabling them to accurately plan, schedule and forecast. Together, these integrated solutions will give contractors a holistic view of their workforce, ensuring they have the control they need to manage, schedule, and budget their labor.

“Construction is facing a global labor shortage, with contractors struggling to find skilled workers. This makes it critical to efficiently manage existing workforces,With the addition of LaborChart, Procore will be able to provide a complete workforce management solution that helps contractors optimize their workforces, maximize productivity, and take on more projects. The days of relying on spreadsheets and whiteboards are over.”

-Tooey Courtemanche, Procore Founder and CEO

LaborChart Founder and CEO, Ben Schultz, said, “As a fourth-generation electrical contractor, I’ve seen every type of job site imaginable. For too long, the construction industry has lacked technology to effectively manage people — its most important asset. We built LaborChart to overcome outdated workforce management processes. By joining Procore, we’ll be able to further facilitate successful projects from start to finish, deepening the connection between the office and the field.”

Today, nearly 300 specialty contractors and self-performing general contractors use LaborChart, which has been a Procore App Marketplace partner since November 2020. LaborChart’s 40+ employees have joined Procore. Over time, LaborChart will be fully integrated with Procore.

Courtemanche added, “The acquisition of LaborChart, along with our recently announced agreement to acquire Levelset, adds complementary insights to Procore’s robust construction industry dataset. By combining project data, workforce data, and risk intelligence, customers can access a more complete view of the construction process that will help them build smarter.”


About Procore
Procore is a leading provider of construction management software. Over 1 million projects and more than $1 trillion USD in construction volume have run on Procore's platform. Our platform connects every project stakeholder to solutions we've built specifically for the construction industry—for the owner, the general contractor, and the specialty contractor. Procore's Marketplace has a multitude of partner solutions that integrate seamlessly with our platform, giving construction professionals the freedom to connect with what works best for them. Headquartered in Carpinteria, California, Procore has offices around the globe. Learn more at Procore.com.

About LaborChart
LaborChart is a leading provider of workforce management software for the construction industry. LaborChart helps businesses manage employee scheduling, dispatching, forecasting, and communication. Built from a unique blend of construction and software expertise, LaborChart helps contractors of all trades organize their largest and most valuable company asset–their workforce–into one secure and easy-to-manage solution. LaborChart is headquartered in Overland Park, Kansas. For more information, visit laborchart.com.

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ENGINEERING TECH

Saulsbury Awarded EPC Contract for Two Cryogenic Processing Facilities in West Texas

Saulsbury | January 18, 2022

Saulsbury was recently awarded the EPC contract for the design and installation of two cryogenic processing facilities in the Midland Basin. The facilities, designed with a base-rated capacity of 200 MMSCFD each, mark Saulsbury's 61st and 62nd cryogenic processing facility projects since 2006, representing nearly 11 BCFD of processing capacity, and its 23rd and 24th cryogenic processing facility in the West Texas region. Saulsbury will be responsible for the engineering, procurement, and construction of the processing facilities that will include amine treating, molecular sieve dehydration, cryogenic gas processing, residue gas compression, nitrogen rejection, slug catching, condensate stabilization, and all balance of plant equipment, utilities, electrical, instrumentation, and controls infrastructure. Work on this facility started in December with a phased commissioning starting in late 2022. "This important project will continue to showcase Saulsbury's position as a premier EPC contractor for delivering high-quality, speed-to-market solutions for the midstream gas processing space,Our continued practice of implementing project-specific design innovations and optimization will further strengthen our commitment to delivering one of the Midland Basin's premier facilities for our client." -Sean Trotter, Saulsbury VP EPC Engineering/Major Projects. For Saulsbury, this award further solidifies the company's reputation and longstanding history as an industry leader in the oil and gas industry for self-performing the full engineering and construction of cryogenic gas processing facilities. Saulsbury is well known in this industry for its successful project execution and world-class safety performance. About Saulsbury Industries Saulsbury Industries is a full-service engineering, procurement, fabrication, and construction company that specializes in building the infrastructure necessary to fuel the future. Saulsbury serves its clients in heavy industrial markets by designing and building safe, well executed, capital-efficient projects nationwide. Headquartered in Odessa, Texas, the company's national office footprint includes Dallas, Houston, Port Arthur, Henderson, Abilene, Pecos, and Corpus Christi, TX; Carlsbad, NM; Tulsa, OK; and Bismarck, ND. For more information, please visit www.saulsbury.com and follow Saulsbury on LinkedIn, Facebook or Twitter.

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ENGINEERING TECH

Toyota Material Handling, Cornell Engineering Announce Partnership on Innovative Forklift Learning Studio

Toyota Material Handling | May 06, 2022

Toyota Material Handling (TMH) and Cornell University's College of Engineering have announced a unique partnership dedicated to the development of an innovative learning studio that incorporates Toyota equipment to elevate immersive engineering education to an entirely new level. The Forklift Learning Studio will be built and developed during the summer with a goal of officially launching it to Cornell engineering students at the start of the fall semester in August. Toyota and faculty from Cornell Engineering's Sibley School of Mechanical and Aerospace Engineering (MAE) began discussing this partnership late last year as a way to revolutionize the way engineering students learn by finding a more optimal balance between lecture and lab sessions. "Our students enjoy theory, but they are motivated by action – building and testing. They respond best to seeing engineering systems first and having the system motivate the theory they learn," said David Erickson, the S.C. Thomas Sze Director of MAE. "The educational opportunity Toyota is enabling us to bring to life will fundamentally change the student experience by allowing them to see how each area of engineering connects to a larger system – in this case, a forklift. We believe this will provide students a uniquely engaging learning environment." Erickson intends for this to be the first of multiple learning studios. Each one will be designed to unify multiple courses and link students across classes and skill levels as they engage in work with real-world applications. They will each incorporate a fully functional system – like a forklift – so that students can use it to perform experiments and model problems that connect to lessons from other classes. Toyota proposed that forklifts would be a perfect fit for such a learning studio and offered to donate the equipment and branding work necessary to bring the idea to life. Forklifts encompass all aspects of a mechanical engineering curriculum – they use internal combustion engines (thermofluids), bear weight (structural mechanics), and their use depends on dynamic stability (dynamics and controls). This innovative learning space will provide students with opportunities to discover new principles and to build bridges between courses and to their future careers. "We are excited about the future of this partnership and the impact it will have on the next generation of engineers, As a former engineering student, I would have loved the opportunity to learn in such a hands-on way that connects the classroom to the real world. Young people often wonder how they'll use certain theories in their professional lives because it's often difficult to connect the dots. In our Forklift Learning Studio, all of the 'dots' will exist in the same space as the finished product. This connects perfectly to our Toyota culture of continuous improvement by giving Cornell Engineering students a place for continuous learning." Brett Wood, President & CEO of Toyota Material Handling North America and a Cornell graduate In addition to modernizing the way students learn, the mutually beneficial partnership will expose them to new products and industries where they could build successful careers. The forklift industry is an essential part of the nation's supply chain, and it is coming off a record year in 2021 with 334,000 units sold in North America. The industry contributes more than $26 billion to the United States' annual GDP and offers wide-ranging opportunities for engineers – including in automation. "When you think about it, forklifts are incredibly important to the world we live in. Everything that we buy at the grocery store, every package that ends up at our front door was touched by material handling equipment at some point in the process," said Brian Kirby, the Meinig Family Professor of Engineering at Cornell's MAE. "If we can't move goods and materials, it has a domino effect on all kinds of things in industry, the economy, and ultimately our society. The opportunity to expose our students to such an important industry while also revolutionizing the way they learn is a win-win on every level." About Toyota Material Handling Toyota Material Handling offers material handling products and solutions, including forklifts, reach trucks, order pickers, pallet jacks, container handlers, automated guided vehicles, and tow tractors, along with aerial work platforms, fleet management services, and advanced automation engineering and design. Toyota's commitment to quality, reliability and customer satisfaction, the hallmark of the Toyota Production System, extends throughout more than 230 locations across North America. With access to an industry-leading lineup of material handling products, Toyota dealers are uniquely positioned to help solve wide-ranging challenges in warehousing and distribution. Built for every application, Toyota can provide the most complete set of solutions for material handling, automation, energy, advanced logistics, and warehouse optimization.

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ENGINEERING TECH

Engineering Firm Psomas Acquires Seattle-based Firm KPG

Psomas | January 19, 2022

Engineering consulting firm Psomas announced today it has expanded its service capabilities and geographic footprint to serve the Pacific Northwest through the acquisition of Seattle-based KPG. KPG, known for its focus on interdisciplinary design, planning and surveying, is now KPG-Psomas."We've become deeply familiar with KPG's caliber of projects, vision and broad range of planning, design and construction services, said Psomas CEO Steve Margaroni. "Plus, over the last several years, we've developed a trusting relationship with KPG, based on mentorship and our similar cultures. It's the ideal time to move forward together. KPG's 100+ employees will join forces with Psomas' employee base of 600+ in 13 offices throughout Arizona, California and Utah. KPG's talented staff adds new strengths that will complement the Psomas brand, including landscape architecture and urban design presence. "KPG is eager to join Psomas because it will allow us to grow and identify new opportunities in surveying, construction management, environmental and engineering, KPG will continue to deliver a high level of services with additional technologies and support." -KPG CEO Sessyle Asato, PE. With a strong project pipeline and a bright outlook for 2022 and beyond, this acquisition signals the strength, resilience and growth in the architecture, engineering and construction (AEC) industry. With the expanded team Psomas seeks to foster environments where team members can thrive while making a lasting impact in the communities collectively served. About Psomas Psomas is an employee-owned engineering consulting firm that serves the Western U.S. with unmatched professionalism, a broad offering of services and a first-class team of professionals. With a rich 75-year history and an eye on the future, you'll find the team mastering sustainable solutions for growing communities with projects in construction management, engineering, environmental and surveying and geospatial services. Psomas embraces a people-first culture that prioritizes work-life balance, social responsibility and a focus on growth and development. Psomas.com About KPG-Psomas KPG-Psomas is an interdisciplinary design firm with offices in Seattle, Tacoma and Wenatchee. In 32 years, KPG grew from an eight person firm to more than 100 professional design staff and became known throughout Washington as a firm that creates innovative public spaces that benefit the social fabric of the surrounding communities. Representative work includes multiple award-winning, transformative projects for the City of Redmond, design of a 20-acre park in the City of Sammamish featuring ADA-accessible pathways, and re-imagining the downtown street systems in the City of Renton.Our work places an emphasis on technically advanced projects that integrate engineering, landscape and performance building design, often with an emphasis on LEED and sustainable principles. Kpg.com

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CONSTRUCTION

Congruex Extends Midwest Leadership with Acquisition of Ohio Valley Excavating

Congruex | December 17, 2021

Congruex, a national end-to-end provider of design, engineering, construction, and maintenance services to broadband providers, announced the acquisition of Ohio Valley Excavating (OVE), a regional industry leader in commercial excavation. Financial terms of the transaction were not disclosed. Founded in 2004, OVE services the fiber telecommunications and utility industries with installation and maintenance for underground electrical, communications, pipe, and structural placements. OVE's full-service excavation capabilities span commercial and industrial construction as well as emergency repairs, with experience across the private and public sectors in Ohio and the Midwest. The addition of OVE will enhance Congruex's service mix and leadership position in key Midwest markets, bring further expertise in the utility space, and bolster its workforce with additional field crews and management personnel. OVE founders and co-owners Lori and Eldon Hallows and Rade Vladicic will remain and serve as senior leaders of the organization. "OVE's excavation and construction expertise will further expand our underground capabilities as part of turn-key design-build solutions for current and prospective customers in the Midwest. As we continue to bring excellent engineering and construction businesses across the country into the One Congruex family, we are grateful to their leaders and founders, like Lori, Eldon, and Rade, as well as their employee bases for building strong organizations and choosing to partner with Congruex." -Bill Beans, Congruex's CEO We are excited to join the Congruex team and look forward to both increasing our services to our customers and providing a quality future for our team," Lori Hallows, CEO and co-owner of OVE, stated. "We see great things on the horizon with this partnership. Ohio Valley Excavating marks Congruex's seventh acquisition of 2021 and caps the platform's most active year of transactions to date, following Bartell & Associates, Mabeck, Viking Corp, Holborn Splicing, A&M Communications, and Matrix Engineering. Congruex has now completed 16 strategic acquisitions since establishing a partnership with Crestview Partners, a leading New York-based private equity firm with significant expertise in the cable, telecommunications, and business services industries. In 2017, funds managed by Crestview Partners, along with the Congruex leadership team, committed $200 million of equity to build out a new platform as part of what is expected to be a total investment of approximately $500 million. Collectively, these transactions have established Congruex as one of the largest telecom engineering and construction firms in the nation. Congruex was advised by Berg Hill Greenleaf Ruscitti LLP. OVE was advised by Dinsmore & Shohl LLP. About Congruex Congruex was formed in late 2017 by industry executives Bill Beans and Kevin O'Hara, in partnership with Crestview Partners. Congruex brings together leading engineering and construction companies across the U.S. into a harmonized platform with capabilities encompassing network development, engineering, construction, mandated road moves, maintenance and operations. Congruex's customers benefit from the integrated skills that it can offer, either as single disciplines or as a turnkey solution with self-perform capabilities. Congruex's engineering services operate nationwide and its construction services operate in the Midwest, California, and the Southeast. For more information: www.congruex.com. About Crestview Partners Founded in 2004, Crestview is a value-oriented private equity firm focused on the middle market. The firm is based in New York and manages funds with over $9 billion of aggregate capital commitments. The firm is led by a group of partners who have complementary experience and distinguished backgrounds in private equity, finance, operations, and management. Crestview has senior investment professionals focused on sourcing and managing investments in each of the specialty areas of the firm: media, industrials and financial services. For more information, please visit www.crestview.com.

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