ENGINEERING TECH

ToolWatch Acquires Safety Reports, a Leading Safety and Compliance Management Solution Provider for the Construction Industry

ToolWatch | February 25, 2022

ToolWatch Acquires Safety Reports
ToolWatch, the leading provider of tool tracking and construction operations management software,  announced the acquisition of Safety-Reports.com, Inc., an innovator in mobile safety management and compliance solutions for construction, manufacturing, and other safety-related industries. The acquisition extends ToolWatch's reach to include safety performance, reporting and compliance, issues that are mission-critical in this space.

ToolWatch has been the industry leader in tool and equipment tracking software since it created the category over three decades ago, and we continue to aggressively innovate our offerings. The ToolWatch platform has evolved to include broader operations management software to meet the increasingly complex needs of our customers.  Expanding our solution into safety and compliance management was a logical next step," said Jay Martin, CEO of ToolWatch. "The joining of these two organizations supports ToolWatch's mission to offer a full suite of software solutions that address the diverse needs of construction companies, enabling our customers to improve operational efficiency in a safe and compliant manner.

Since 2011, Safety Reports has worked with customers throughout North America to create safe and compliant worksites, and its customers have created over 20 million safety observations. Safety Reports' software helps customers maintain compliance with key regulatory bodies, such as OSHA, and manage operational risks by enabling users to perform safety audits and jobsite inspections, track employee training, identify compliance gaps, meet reporting deadlines, document incidents, and verify corrective actions. These tools improve employee health and safety, help mitigate legal and financial liability, and reduce risk for customers.

"ToolWatch has demonstrated how their commitment, experience, and excellence in construction software can help us achieve our goals and further expand our offerings, We look forward to continuing to pursue product enhancements and innovation, as well as continuing to invest in the great team we have built at Safety Reports who operate with a customer-first mindset every day."

-Chet Slump, co-founder and CEO of Safety Reports

With the increasing velocity of infrastructure improvements occurring across the nation, job site safety and the practices and technology that support it, are more important than ever. Safety Reports' suite of applications is ideal for the construction industry, where safety professionals are not consistently present on site with the front-line workers in active, ever-changing field conditions. By bringing the two platforms together, customers will receive a deeper view into the performance of their organizations while providing a safer workplace and reducing time lost from safety violations.

"We are absolutely thrilled about this partnership which will ensure the highest level of service and deliver the best possible products for our customers for many years to come,"

-Steve Polich, co-founder and president of Safety Reports.

As the transition progresses, Safety Reports employees will join ToolWatch, increasing their understanding of the markets ToolWatch serves. Jay Martin will serve as CEO of the combined entity.

The Riverside Company, a global growth-oriented private equity firm, is the majority investor in ToolWatch and provided additional capital to fund this strategic combination.

About ToolWatch
For more than 30 years Denver-based ToolWatch has helped companies manage tools, equipment, materials, and consumables. Easy to use and delivered through a powerful, flexible platform, ToolWatch securely stores critical information on all field and warehouse operation assets so companies can run their businesses more efficiently, more cost–effectively, and more profitably. Today, construction industry leaders across the globe use ToolWatch to manage their inventories and logistics. Cloud-based and intuitive, the system uses one centralized database to provide fast but secure access to real-time operations data across field, warehouse, and back office teams. With a strategic investment in 2021 from The Riverside Company, a global private equity firm, ToolWatch will continue building on its position as the construction industry's first and most comprehensive operations management platform. For more information about ToolWatch, visit www.toolwatch.com.

About Safety Reports
Founded in 2011, Safety Reports is a privately held company that provides cloud-based SaaS (software as a service) mobile safety management solutions serving the construction, general industry, insurance, and safety consultant markets throughout the US and Canada. A 2021 member of the Inc. 5000, Safety Reports is headquartered in Omaha, Nebraska. Complementing traditional safety practices, the suite of Safety Reports applications enables organizations to centrally manage all safety activities while putting information in the hands of the people who need it. To learn more about Safety Reports, visit Safety Reports.com.

Spotlight

When people decide to pursue a career in mechanical engineering or industrial design, they’re thinking mostly about creating cool and innovative products - not spending endless hours managing their design files. So it’s not surprising that CAD tools get most of the glory when companies are evaluating software platforms for their product development teams. Data management solutions are usually treated as an afterthought.


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ENGINEERING TECH

BDT Capital Partners acquires minority stake in Exyte Exyte logo

Exyte | November 17, 2022

Exyte, a global leader in the design, engineering, and delivery of high-tech facilities, has announced that funds affiliated with BDT Capital Partners, LLC ("BDT") have entered into an agreement to acquire a significant minority interest in Exyte. BDT, a merchant bank that provides advice and long-term capital through its affiliated funds to help family- and founder-led businesses pursue their strategic and financial objectives, will become a minority shareholder of Exyte alongside Georg Stumpf, Exyte's current sole owner who will retain a majority stake. "Exyte is a leader in the design, development, and delivery of the world's most sophisticated manufacturing environments. The company plays an indispensable role enabling clients across semiconductor, biopharma, life sciences, and cloud computing industries to create best-in-class facilities where technological breakthroughs happen. Due to the strong leadership of Exyte's management team and the dedication of its talented employees in serving the needs of its clients, the company has an impressive track record of profitable growth. We look forward to partnering with Georg Stumpf and the Exyte management team to help continue and enhance the company's growth and impact." -Don McLellan, Partner at BDT. Georg Stumpf, Exyte's continuing majority shareholder, says: Exyte serves the most technically demanding customers in thriving markets. The company is a driving force behind important megatrends of today and tomorrow, as well as developments that will profoundly change individual and societal life and promote progress across digitization and connectivity, e-mobility, sustainable energy, digital health, and personalized care. Since I invested in the company in 2008, Exyte has exceeded all expectations and the company will again achieve record sales and results in 2022. I look forward to continuing to support Exyte's successful strategy and its future growth together with BDT. "Our clear focus on high-tech industries is paying off. Due to the favorable market outlook and Exyte's focus on semiconductors and batteries, biopharma and life sciences, and data centers, we are well positioned in our markets and successfully on our "Pathway to Ten". This year, too, we will exceed our forecasts with targeted sales of around 7 billion euros, putting us closer to our goal of reaching 10 billion euros in sales in 2027. With our successful ongoing projects and significant project pipeline, we are well positioned for future profitable growth. I am pleased that BDT is convinced of Exyte's potential and prospects and will accompany us on our journey." -Dr. Wolfgang Büchele, CEO of Exyte. The closing of the transaction is subject to customary regulatory approvals. Financial terms were not disclosed. Deutsche Bank served as financial advisor to Exyte in connection with the transaction. About Exyte: Exyte is a global leader in the design, engineering, and delivery of ultra-clean and sustainable facilities for high-tech industries. With cutting-edge expertise developed over more than a century, we serve clients in the sophisticated markets of semiconductors, battery cells, pharmaceuticals, biotechnology, and data centers. Exyte offers a full range of services from consulting to managing the implementation of turnkey solutions with the highest standards in safety and quality to our customers worldwide. We create a better future by enabling key industries to enhance the quality of modern life. In 2021, Exyte generated sales of EUR 4.9 billion with around 7,400 employees worldwide. About BDT & Company: Established in 2009, BDT & Company is a merchant bank that provides advice and long-term capital through its affiliated funds to help family- and founder-led businesses pursue their strategic and financial objectives. The firm works with the owners and leaders of these closely held businesses to find creative solutions to their most complex issues, while also providing access to its world-class network. The firm's affiliate, BDT Capital Partners, has deployed more than $30 billion in capital through its investment funds and co-investments by its global investor base.

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CONSTRUCTION

Infotech Launches Appia Construction Data Visualization ArcGIS Integration in Esri Marketplace

Infotech | October 19, 2022

Infotech, a leader in infrastructure construction software solutions, announced today it has launched the Appia service and a Construction Data Visualization extension in the Esri ArcGIS Marketplace. With this Esri ArcGIS integration, the Appia service is now a geo-enabled construction administration solution that allows owners to visualize the full story of civil infrastructure projects. In addition, Infotech has earned Silver partner level status within the Esri Partner Network. By pairing Infotech’s Appia service with Esri ArcGIS, Esri users can visualize critical construction data in public dashboards that provide transparency on dollars spent and progress made as well as private dashboards for team collaboration and information sharing. Additionally, the Appia and ArcGIS integration provides Local Public Agencies (LPAs) with asset location information required for digital as-builts and near-time data updates from field inspections, which provides further transparency on project schedule, payments and funding. “Working with Esri to geo-enable the construction data managed across our systems and including that critical data during the digital project delivery greatly enhances the handover process to asset management and maintenance systems, Being able to take the large amounts of data captured on each project and present it in an easy-to-understand dashboard allows Infotech to continue to support owners with tools that promote transparency.” -Will McClave, Infotech President of Systems. The Appia Construction Data Visualization extension allows LPAs and engineering firms to ensure construction data is GIS-enabled. This integration connects near-time construction project data to dynamic ArcGIS dashboards to support insight-driven decision making. “We look forward to our partnership [with Infotech] which will offer agencies greatly increased capabilities by leveraging our combined strengths, Combining Infotech data and systems with the analytical and visualization capabilities of Esri will provide our mutual customers with new levels of insight throughout the project lifecycle." -Terry Bills, Global Transportation Industry Director at Esri. The Esri ArcGIS Marketplace features products and services that extend the capabilities of ArcGIS to include industry and workflow-specific solutions built by companies like Infotech. About Infotech: Info Tech, Inc., DBA Infotech (Infotech) is a leading SaaS solutions provider for the infrastructure construction industry. Informed by DOT relationships and decades of experience, Infotech develops software solutions that bridge the gaps between owners, consultants, contractors, and other project stakeholders. Whether it be tools for construction administration and inspection or secure online bidding, Infotech’s solutions are built to increase transparency, productivity, and the availability of data. Infotech is the developer of Appia®, Bid Express®, and Doc Express®, as well as the official contractor for AASHTOWare Project™. About Esri: Esri, the global market leader in geographic information system (GIS) software, location intelligence, and mapping, helps customers unlock the full potential of data to improve operational and business results. Founded in 1969 in Redlands, California, USA, Esri software is deployed in more than 350,000 organizations globally and in over 200,000 institutions in the Americas, Asia and the Pacific, Europe, Africa, and the Middle East, including Fortune 500 companies, government agencies, nonprofits, and universities. Esri has regional offices, international distributors, and partners providing local support in over 100 countries on six continents. With its pioneering commitment to geospatial information technology, Esri engineers the most innovative solutions for digital transformation, the Internet of Things (IoT), and advanced analytics.

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CONSTRUCTION

LENNAR ANNOUNCES VISIONARY COMMUNITY OF 3D-PRINTED HOMES WITH ICON IS NOW UNDERWAY IN GEORGETOWN, TX

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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ENGINEERING TECH,CONSTRUCTION

Green Canopy NODE Launches Equity Crowdfunding Raise to Democratize Investment, Now Live on StartEngine

Green Canopy NODE | December 02, 2022

Green Canopy NODE is pleased to announce the launch of its first crowdfunding campaign, now available for investment to the public on StartEngine. The Seattle-based construction technology, real estate development, and fund management company has long believed that investment in private companies should be democratized. Launching this campaign allows everyone, not just institutional or accredited investors, to invest in revolutionizing the construction industry to build more sustainable, healthy homes faster. "We are excited about crowdfunding because it gives more people an opportunity to be a part of transforming how homes are built while at the same time offering real positive social and environmental impact for our communities and the planet, When individuals with normal incomes align their values to their investments, they become direct participants in positive transformation with us –they become impact investors for a better world." -Co-CEO Aaron Fairchild. Green Canopy NODE is raising capital to scale its technology development with innovative construction products that simplify construction while boosting productivity – building faster and more sustainably. The company leverages its integrated construction ecosystem, proving product-market fit on-site through its certified green real estate development pipeline and real estate funds. In 2023, Green Canopy NODE plans to install millions of dollars worth of utility and structural products on site and develop a new region of expansion across the US – selling to other developers and builders directly and through channel partners with its configurable product catalog. "Our roadmap is clear – we're here to scale healthy and sustainable homes from everyone, Given the labor and supply shortages, traditional homebuilders simply can't produce enough. It's time to revolutionize the industry, and we see our integrated construction ecosystem as the model required for scale." -Co-CEO Bec Chapin. The vertically integrated company is also an experienced fund manager. Green Canopy NODE Capital has successfully launched and managed four real estate funds and is soon to launch its pioneering fifth fund on mass timber. Learn more about Green Canopy NODE's offering and how to invest at www.startengine.com/greencanopynode. About Green Canopy NODE: Green Canopy NODE is an integrated construction technology, real estate development, and fund management company. Over its history, it has sought to embrace the innovation required to change the current paradigm of housing development and deliver on its commitment to help regenerate communities and environments. The company works with its clients and investors to develop high-performing, deep green, all-electric, and healthy housing.

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Spotlight

When people decide to pursue a career in mechanical engineering or industrial design, they’re thinking mostly about creating cool and innovative products - not spending endless hours managing their design files. So it’s not surprising that CAD tools get most of the glory when companies are evaluating software platforms for their product development teams. Data management solutions are usually treated as an afterthought.

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