Engineering Tech,Construction

RMA’s Aggressive Growth Strategy Continues, Acquires C Below

RMA’s Aggressive Growth Strategy Continues, Acquires C Below

RMA Group, Inc. ("RMA"), yesterday announced the acquisition of C Below, Inc., C Below Subsurface Imaging ("C Below"), a supplier of technology-enabled underground utility locating services. As part of the transaction, Chris Loera, C Below's CEO, will oversee the integration of the company’s operations with RMA's SiteScan Subsurface Imaging business ("SiteScan").

Since December 2021, RMA has acquired four companies, as part of its aggressive growth strategy to build a nationwide platform for testing and inspection services.

C Below, is a leading utility locating and mapping service provider for public agencies, architects, engineers, and contractors working on vital infrastructure projects in various markets. Its technicians and engineers utilize specialized equipment to provide advanced geophysical capabilities, including vacuum excavation, ground penetrating radar, electromagnetic location, BIM mapping and CCTV pipeline inspection. By validating the location, depth, and type of buried utility assets, C Below helps its clients reduce construction delays during the excavation of existing subsurface infrastructure.

RMA's CEO, Ed Lyon, stated, "C Below's success in developing the market for underground utility imaging inspired RMA to launch SiteScan in 2016." He further added, "The combination of C Below and SiteScan enables RMA to better serve our clients through a larger geographic footprint and new service capabilities. C Below operates with the same client-centric culture and a shared history of technology innovation as RMA, making it an invaluable addition to our family of testing, inspection, and certification services for infrastructure asset owners, contractors, and public agencies. I am excited to work with Chris Loera in identifying opportunities to expand C Below's operations on a national scale."

(Source – Business Wire)

About RMA Group, Inc.

Established in 1962, Richard Mills & Associates (RMA) is a leading technology-enabled laboratory testing, inspection, and quality management service provider for key public and private infrastructure assets. The solutions offered are for various government and commercial end-markets, including healthcare, transportation, power, and water. Over the past six decades, RMA's team of technicians, engineers, geologists and inspectors have helped engineering firms, infrastructure asset owners, and construction companies manage compliance with strict regulatory and operating requirements by providing a variety of environmental, geotechnical, and materials testing services.

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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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