CONSTRUCTION

The North American Construction Group Ltd. has Announced the strategic Acquisition of an Australian Component Supplier

North American Construction Group Ltd. | June 10, 2021

North American Construction Group Ltd. announced today that it has entered into a definitive agreement to acquire DGI Trading Pty Limited (“DGI”) for an estimated $23.5 million.

DGI, situated in Kempsey, New South Wales, Australia, supplies vital components to the mining sector via commercial partnerships and a complex logistical network. DGI maintains a network of suppliers and partner facilities in over ten significant countries, allowing for flexible and cost-effective connections. DGI personnel are well-versed in all industry-standard equipment and have unrivaled knowledge in this specific field.

The acquisition represents another significant move in the Company’s attempts to vertically integrate its capital maintenance program while diversifying its service offerings. The acquisition price is based on a closing price equal to DGI’s net tangible assets and subsequent payments based on the business’s profitability over four years. The total anticipated acquisition price reflects a 3.0x EBITDA multiple over the next twelve months based on our opinion that current global demand for mining components has returned to, and will remain stable at, or perhaps surpass, pre-COVID 19 levels the next twelve months..The transaction is scheduled to close on July 1, 2021, and will be financed using existing debt facilities.

About North American Construction Group Ltd.
North American Construction Group Ltd. is a significant provider of heavy construction and mining services in Canada. NACG has been providing services to many mining and resource industries for over 65 years.

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ENGINEERING TECH

DreamHome Remodeling & Builders in San Jose Turns Your Dream Home Into Reality

DreamHome Remodeling | May 31, 2022

DreamHome Remodeling & Builders is a locally-owned and operated company with a highly experienced team of contractors in San Jose, California. The mission of the company is to help homeowners obtain their dream homes. For many, those dreams can seem very far away, but DreamHome Remodeling & Builders believes otherwise. We are happy to announce that we are celebrating another great year of remodeling and constructing homes for residents in the San Jose area. “Right from the initial meeting, clients know our team of home builders is there to serve them, their family, and their dreams. We’re not looking to make anyone a cookie-cutter home, but instead to use our skills and experience to deliver a custom result to each individual homeowner.” DreamHome Remodeling & Builders The team at DreamHome believes your current home can be transformed into what you’ve always envisioned. The only work you have to do is contact their team for a free consultation. From there, they’ll do all the work, including design, permits, materials, demolition, construction, and cleanup. Choose this talented and experienced team for your next home remodeling or building project. DreamHome Remodeling & Builders offers a full suite of home remodeling and construction services such as: New Construction Homes If you can’t find your dream home in San Jose or transforming your existing home isn’t possible, ask DreamHome Remodeling to build it from the ground up. Building your home can match your dream exactly because it’s customized directly to your preferences. DreamHome Remodeling & Builders has an in-house design team comprised of an architect and engineer. They work together with you to develop a design you fall in love with and have always wanted. Home Additions Over time, your family is bound to grow. This doesn’t mean you have to move into a larger home. You can expand upon your existing home with a home addition. DreamHome Remodeling has experience building upon existing homes through a number of different methods: room addition, second-story addition, room conversion, garage conversion, or second-story garage addition. The team at DreamHome believes your current home can change alongside your family. Complete Home Remodeling Transform your entire home with DreamHome’s experienced contractors and design team. They can remodel your entire house to match the dream you’ve been longing for. They take you through the design and construction process smoothly. Your project manager also handles all the necessary paperwork and requirements, such as ordering materials, applying for permits, and scheduling inspections. They are truly your one-stop-shop. Accessory Dwelling Units (ADUs) Add an ADU to your home to assist in reducing the housing crisis in California. DreamHome Remodeling & Builders helps homeowners design and construct ADUs from the ground up and according to their personality. They can develop accessory dwelling units within your home via a room conversion or build attached or detached ADUs. The opportunities are nearly endless when you work with DreamHome.

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CONSTRUCTION

British tunnelling start-up hyperTunnel backed by VINCI

hyperTunnel | June 14, 2022

hyperTunnel, the British underground construction innovator, has received a financial investment from VINCI, a global leader in concessions, energy and construction businesses. The funds will be used for business expansion and to further develop and test hyperTunnel's revolutionary construction method in practical situations. The deal further strengthens hyperTunnel's connections with VINCI Construction technical departments. hyperTunnel recently joined VINCI's innovation platform Leonard as a member of its start-up accelerator programme, Catalyst. hyperTunnel also won the prestigious annual Construction Start-up Competition in Miami last year, which Leonard co-organises with other sector heavyweights such as Ferrovial and Cemex Ventures. "hyperTunnel's technology can be truly game-changing when it comes to improving the safety and sustainability of underground construction projects," said Guillaume Bazouin, Head of Start-up and Intrapreneurs programs at Leonard. "It strongly aligns with our goals of rapidly responding to the climate emergency by enabling technological advances that have a substantial environmental impact. hyperTunnel also boasts exceptional leadership and engineering teams, and we are looking to support their great success in the near future." VINCI and Leonard are real experts when it comes to construction innovation, so to get their backing in such a concrete and substantial way means we must be doing something right. They can see the huge potential of the technologies we're developing, and they share our passion for improving how the world works. We're excited to see what we can achieve together over the coming months." Jeremy Hammond,hyperTunnel co-founder Aquaa Partners acted as exclusive financial adviser to hyperTunnel on the transaction. Last week, the European Innovation Council (EIC), Europe's flagship innovation programme to identify, develop and scale up breakthrough technologies and game-changing innovations, selected hyperTunnel to receive funding of 1.88 million Euros under its EIC Accelerator scheme. The funding will be used to complete the development of hyperTunnel's advanced swarm robotics underground construction platform. About hyperTunnel hyperTunnel is a deep tech scale-up developing a revolutionary methodology for tunnels and underground schemes substantially faster, safer, more economically and more environmentally friendly than current techniques. hyperTunnel uses a unique combination of proven technologies from diverse industries – digital twins, robotics, 3D-printing and digital underground surveying, supported by AI and VR – to redefine possibilities in tunnel construction, enlargement, monitoring and repair. Founded in 2018, hyperTunnel employs 40 people located at its Basingstoke headquarters, and outdoor learning environment (the hOLE) and Geolab in the North Hampshire Downs. In 2021, hyperTunnel announced a contract with Network Rail. hyperTunnel has received a string of awards and funding of 1.88 m Euros from the European Innovation Council (EIC)'s EIC Accelerator scheme. hyperTunnel was recently picked by the government's Innovate UK agency to join its Global Business Innovation Programme. It won Startup of the Year at this year's Construction Technology Awards; was highlighted as a Top 50 Contech Startup and among 10 winners of the global Construction Startup Competition.

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CONSTRUCTION

FARO's HoloBuilder™ Construction Progress Management Solution Gains Widespread Adoption

FARO | June 24, 2022

FARO® Technologies, Inc. (Nasdaq: FARO), a global leader in 4D digital reality solutions, today formally recognized the #Enterprise agreement by GOLDBECK to deploy FARO's HoloBuilder Construction Progress Management solution enterprise-wide as indicative of the healthy market adoption of HoloBuilder following the company's acquisition by FARO in June of 2021, which enabled the industry's first end-to-end #DigitalReality solution. Utilizing 360° photo capture technology, HoloBuilder enables a quick, easy, and efficient way to manage project progress and capture large amounts of visual information that becomes instantly accessible from anywhere. Integrations with best-in-class 360° cameras and third-party software tools make the #ConstructionTechnology easy to adopt and implement across global construction teams. GOLDBECK made the decision to roll out HoloBuilder organization-wide (i.e., Enterprise agreement) after utilizing the platform on major construction projects. With HoloBuilder, GOLDBECK's more than 10,000 employees benefit from digital solutions not only in the office but on the jobsite. Site managers use the platform to track and document construction work with precision, linking 360° photos of the site to the digital building plans, sorting them by location and time, and storing them securely in the cloud. "We are thrilled that GOLDBECK made our enterprise solution available to their entire organization, As we celebrate the anniversary of joining forces with FARO, we've made remarkable progress toward empowering construction professionals with the solutions they need to increase project efficiency. GOLDBECK is a textbook example of a global firm realizing the full potential and competitive advantage of using both high-accuracy 3D laser scanning through FARO as well as real-time 2D 360° photo capture and remote collaboration with HoloBuilder." -said Brian Kelly, Vice President of HoloBuilder at FARO "Digitalization utilizing HoloBuilder makes it much easier to document and manage construction progress whereby our site managers and everyone involved in planning can collect, evaluate, and work with the data better." -Sina Schliestedt, Teamlead BIM at GOLDBECK. In the year since the FARO acquisition, HoloBuilder has continued to enhance its offerings, releasing significant new features including Premium Analytics, HoloBuilder API, and SnapShots. The extensive functionality of Premium Analytics empowers technology and operations leadership to benchmark projects, users, and usage on an enterprise level. The flexible API allows users to remove data silos by connecting HoloBuilder to internal tools to unleash the full potential of virtual jobsites. Shareable SnapShots allow users to select and share specific photos of a project with select stakeholders. The combination of these powerful new tools continues to drive strong industry demand for HoloBuilder. About FARO FARO serves the AEC (Architecture, Engineering & Construction), O&M (Operations & Maintenance), 3D Metrology, and Public Safety Analytics markets. For over 40 years, FARO has been a pioneer in #RealityCapture, bridging the digital and physical worlds through data-driven reliable accuracy, precision, and immediacy, providing industry-leading technology solutions that enable customers to measure their world and use that data to make smarter decisions faster.

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ENGINEERING TECH

AkitaBox and McKinstry Announce Partnership to Deliver Facility Condition Assessment Software Offering

McKinstry | May 20, 2022

AkitaBox and McKinstry announce their partnership on delivering facility condition assessments (FCAs). AkitaBox FCA software will give architecture/engineering/construction (AEC) firms and building owners/operators a tool for conducting data collection, reporting, and other aspects of a complete FCA. "A partnership with McKinstry, a leader in designing, constructing, operating, and maintaining high performance buildings, is exciting for AkitaBox, Their invaluable testing and feedback will help us ensure our software will truly improve every aspect of FCAs." AkitaBox co-founder Josh Lowe "We believe that we can help transform something that's been overlooked and is in desperate need of change," Lowe adds. "We look forward to moving the industry towards a better FCA, one asset at a time." The collaboration began in mid-2021, when McKinstry first learned AkitaBox was developing FCA software. At the time, the company was looking for ways to augment their existing FCA offering to boost delivery of their building consulting services. "McKinstry is partnering with AkitaBox to enhance our facility condition assessment and asset data collection, analysis, and reporting," says Casey Morris, national facility assessment leader for McKinstry. "AkitaBox brings a set of capabilities that complement our existing tools and methodologies while advancing our ability to achieve greater efficiency and improve deliverables for our clients." "This partnership will expand our capabilities in the marketplace," continues Morris. "It's going to give us an opportunity to be more competitive while still offering the actionable data and custom solutions for which McKinstry is known." AkitaBox FCA software fully digitizes a facility's floor plans and maps the location of each asset to the plan, creating a digital twin. Assessment data is collected and incorporated directly into the digital twin. This data can continue to be updated after the FCA is complete for an always current view of facility condition. About AkitaBox AkitaBox delivers an unrivaled data-driven software to assess and optimize the operation and condition of facilities, from the boiler room to the boardroom. Their cloud-based software provides real-time facilities data in a visual and easy-to-use, customizable format - helping teams simplify their operations, reduce risk, and solve even the most complex facility challenges. The AkitaBox Pulse suite of software solutions includes Facility Condition Assessment, Capital Management, Asset Management, Work Order Management, Preventive Maintenance, Occupant Experience, and Inspections. Visit www.akitabox.com. About McKinstry McKinstry is a full-service, design-build-operate-and-maintain firm specializing in consulting, construction, energy, and facility services. The firm's innovative, integrated delivery methodology provides clients with a single point of accountability that drives waste and redundancy out of the design/build process. With over 2,000 professional staff and trades people throughout the United States and operations in more than 20 states, McKinstry advocates collaborative, sustainable solutions designed to ensure occupant comfort, improve systems efficiency, reduce facility operational costs, and optimize profitability "For The Life of Your Building."

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