ENGINEERING TECH

Universal Engineering Sciences And BDT Capital Partners Have Announced A Long-Term Strategic Partnership

BDT Capital Partners | July 30, 2021

Universal Engineering Sciences® (UES), a national leading engineering and consulting firm specialising in geotechnical engineering, construction materials testing, building code compliance, threshold inspections, and environmental consulting, has recently revealed that BDT Capital Partners, LLC ("BDT") has agreed to create a meaningful strategic investment in the company through an affiliate agreement. BDT, which is linked with BDT & Co., LLC, a merchant bank that provides long-term specialised capital to family- and founder-led firms, will become the majority stakeholder of UES, combining existing shareholders Palm Beach Capital, company founders, and the management group. Michael Burke, former AECOM Chairman and CEO and current UES Chairman, will remain in his current position.


"UES is an industry leading geotechnical engineering, building materials testing, and environmental consulting services firm with an expanding national footprint," stated Ben Sher, Partner at BDT Capital Partners. "BDT's long-term commitment to the UES and Palm Beach Finance is consistent with our merchant banking approach of providing patient capital to founder and family-led firms, comparable to the enterprises that have formed the backbone of the UES platform."

Nate Ward, co-founder of Palm Beach Capital, and industry veteran Gary H. Elzweig, PE, F.ASCE founded the UES family of firms. Elzweig will continue to serve as Vice-Chairman of the firm. Nate Ward and Palm Beach Capital will continue to be significant investors and will have board involvement.


"We are delighted to work with BDT because of their experience investing in and coaching founder-led enterprises with transformative growth possibilities," Ward added.
"We would like to thank our partners, as well as every member of the UES team, for their contributions that contributed to this critical milestone. UES will realise its aim of being the nation's most sought after, respected, and successful geotechnical, building materials testing, inspections, and environmental consulting firm with BDT as the principal investor."


"The geotechnical engineering, construction materials, and environmental services industries are very fragmented," Burke said. "I see a tremendous deal of opportunity to identify and partner with strong, well-run businesses that will increase our portfolio and geographic reach." "As the country focuses on repairing and improving existing infrastructure, we play an important role in servicing engineering firms, developers, contractors, and architects in all of our locations. I am excited to work with this outstanding leadership team as they guide UES through our next chapter of tremendous growth and development."


Founded in 1964 by Sy Israel, UES has over six decades of expertise and recognition as the best engineering and consulting firm in the geotechnical engineering area, and is well-positioned to serve the demands of commercial, residential, and civic customers nationwide. UES has recently merged with GFA International, Inc., NOVA Geotechnical & Inspection Services, Contour Engineering, Wallace-Kuhl & Associates, Construction Testing & Engineering, SUMMIT Engineering, Laboratory & Testing, P.C., GEOServices, LLC, McGinley & Associates, and Geotechnology Inc., making it one of the largest and most resource-rich organisations of its kind in the country.


UES, a privately held corporation, has made a commitment to organic expansion as well as strategic acquisition. UES has locations in high-growth regions throughout the South, Midwest, and West, including Florida, Georgia, Alabama, North and South Carolina, Washington, D.C., California, Utah, Nevada, Missouri, Illinois, Kansas, Ohio, Kentucky, Tennessee, Mississippi, and Arkansas.


The investment is scheduled to close in the third quarter of 2021, subject to customary restrictions.

About Universal Engineering Sciences
Universal Engineering Sciences, based in Orlando, is a fast-growing engineering and consulting firm with nearly six decades of experience in geotechnical engineering, construction materials testing, building code compliance, threshold inspections, and environmental consulting. UES is regarded as an industry pioneer, at the forefront of evolving technology, best practises, and relevant legislation. Public and private clientele are represented in projects ranging from transportation and healthcare to commercial and education. UES engineers, geologists, certified inspectors, and scientists are uncompromising in their commitment to excellence, treating each project as an opportunity to create long-term client relationships.

UES recently ranked first on the Zweig Group Hot Firm List, which recognises the fastest-growing firms in the architectural, engineering, planning, environmental, and construction (AEC) industry. UES consults on projects of all kinds, with 2,500 professionals spread over 60 branches in 17 states, to assist deliver critical infrastructure and develop safe and successful communities.

About BDT Capital Partners
BDT Capital Partners provides long-term, distinctive capital to family and founder-led enterprises. Over the course of its investment funds, the firm has raised more than $18 billion, and its worldwide investor base has invested an additional $10 billion in debt and stock in the funds' portfolio firms. BDT & Company, the firm's affiliate, is a merchant bank that works with family and founder-led businesses to achieve their strategic and financial goals. BDT & Company offers problem-solving expertise and access to a world-class network of business owners and leaders.

Spotlight

Since 2008, Walker has completed over $150MM of Water Treatment and Waste Water Treatment Plants across Texas, including the San Jacinto Regional Water Authority GRP Surface Water Facility which has a project site over 1 mile in length.


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CONSTRUCTION

Placer Solutions Joins AXA XL Construction Ecosystem as Preferred Partner

Placer Solutions | November 22, 2022

Placer Solutions, a consulting firm focused on driving change and accelerating technology adoption in construction, today announced a new partnership with AXA XL Insurance, a leading provider of global commercial insurance. Under the terms of the agreement, Placer Solutions will join the AXA XL Construction Ecosystem as a preferred partner in a network of products and services focused on advancing technology adoption, leveraging data to solve customers’ problems, enhancing risk management and supporting business goals. The construction industry is at a crossroads when it comes to emerging technology and new ways of doing work. Historically, the industry has been slow to adopt new tools and technologies and has experienced stagnant productivity as a result. With more agile ways of addressing operational demands using emerging technologies, modern construction firms could achieve productivity gains up to 40 percent, similar to peer industries. Placer Solutions is addressing this challenge by taking a field-first approach that shines a light on field and project organizational networks in construction companies, which improves strategic planning and the tactical implementation of technology solutions. “Placer Solutions has a deep understanding of the construction ecosystem, specifically how the industry’s field-based and project-based nature can make enterprise-wide programs difficult in practice, The greatest technologies in the world are most effective if embraced by the culture of the industry they serve. By partnering with a company like Placer Solutions, we enable our customers to focus on the human element that drives technology adoption, which will result in them having a more robust technology adoption roadmap.” -Rose Hall, Senior Vice President, Head of Innovation, Americas at AXA XL. Placer Solutions has been selected to help support the Construction Ecosystem as an AXA XL-endorsed consulting firm who will work with their construction customers on technology change management. As part of the Construction Ecosystem, Placer Solutions will offer a customized Field Assessment to AXA XL customers, which leverages a proprietary network analysis approach to highlight and profile key groups of individuals in a construction firm’s operations. Previous clients of Placer Solutions have included Top Engineering News-Record (ENR) contractors who have used results from the assessment to improve strategic technology planning and inform product selection. “AXA XL’s leadership in bringing together construction’s fragmented value chain to solve big problems is exactly what the moment demands, We look forward to working with AXA XL’s customers. brokers and other business partners in our shared journey to modernize the industry and deploy new solutions that can address the needs of our industry’s workforce in meaningful ways.” -Nate Fuller, Founder of Placer Solutions. About AXA XL: AXA XL, the property & casualty and specialty risk division of AXA, provides insurance and risk management products and services for mid-sized companies through to large multinationals, and reinsurance solutions to insurance companies globally. We partner with those who move the world forward. About Placer Solutions: Placer Solutions is a management consulting firm focused on building high performance teams and improving technology adoption across the construction industry. Experience shows that successful change initiatives require up to 10 percent of an organization’s involvement – in construction, that’s mostly field users and project stakeholders. Placer Solutions’ unique Field Assessment goes beyond usual suspects to surface the embedded leaders and networks of employees who make change initiatives successful in construction. They have one of the largest databases of construction field personas and a network of contractors, suppliers, owners, and technology start-ups to help in their client’s needs.

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CONSTRUCTION

Procore Announces Winners of 2022 Groundbreaker Awards

Procore Technologies, | November 14, 2022

Procore Technologies, Inc. (NYSE: PCOR), a leading global provider of construction management software, today announced the winners of the 2022 Groundbreaker Awards at Procore’s annual industry event in New Orleans, Groundbreak. The Groundbreaker Awards celebrate the companies, projects and individuals that drive excellence across the construction industry. “Behind every great project, there are outstanding people. The Groundbreaker Awards honor our customers who are leading and positively influencing the construction industry on a daily basis, Congratulations to all of the winners of the Groundbreaker Awards.” -Tooey Courtemanche, President, Founder and CEO of Procore. Procore selected 27 companies, projects and individuals as finalists for groundbreaking achievements. Kassy Morris, Head of Procore Construction Learning, presented the nine awards to the winners of the 2022 Groundbreaker Awards: Excellence in Sustainability: Hathaway Dinwiddie Construction Company Excellence in Workforce Development: Roebbelen Contracting, Inc Excellence in Innovation: Truebeck Construction Excellence in Safety: McCarthy Building Companies, Inc Excellence in Community: Blue Door - Construct Groundbreaker of the Year: Atul Paralkar, Executive Director of Business Intelligence | Operational Excellence, Holt Construction Corp. General Contractor Project Excellence: Skanska USA Specialty Contractor Project Excellence: Willmar Electric Service Owner Project Excellence: Duke Energy in partnership with Ameresco & D3Energy. About Procore: Procore is a leading global 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 App 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 in the United States, Canada, and around the globe.

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ENGINEERING TECH

Trimble Construction Cloud Powered by Microsoft Azure Launches at Trimble Dimensions+ Conference

Trimble | November 08, 2022

Trimble (NASDAQ: TRMB) today announced the launch of Trimble Construction Cloud powered by Microsoft Azure, an industry cloud to streamline construction projects. Trimble Construction Cloud was developed as part of Trimble's collaboration with Microsoft to advance technology adoption and accelerate the digital transformation of the construction, agriculture and transportation industries. Trimble Construction Cloud takes advantage of Microsoft Azure services including Logic Apps, Azure DevOps, and Azure Kubernetes Service. The platform links project teams, data, processes and multiple stakeholders—such as general contractors, subcontractors, designers, engineers and owners—across all phases of construction projects. Connecting people, processes and workflows enables projects to be completed better, faster, safer, cheaper, and greener. By providing seamless collaboration from the field to the back office, Trimble Construction Cloud provides a trusted environment where transparency and actionable data are the new norm. It is also the sole construction industry cloud for Microsoft customers. "Trimble Construction Cloud enables customers to accelerate and deliver improved business outcomes with data from native Trimble and ecosystem of services, It empowers project teams to design, construct, operate, collaborate and learn with live data sharing. This unique approach leverages connected workflows, precise spatial data and constructible models to modernize the entire ecosystem and accelerate customer success. We're excited to help customers and partners achieve more productively and sustainability than before." -Jennifer Lin, senior vice president and chief platform officer for Trimble. Trimble Construction Cloud will launch as the cloud solution powering Trimble Construction One, a purpose-built connected construction management offering that includes rich field data, estimating, detailing, project management, finance and human capital management solutions. Non-Trimble Construction One users can subscribe to Trimble Construction Cloud independently as a separate service. Trimble Construction Cloud includes four main functions designed to automate the flow of data and decision-making for more efficient and predictable business outcomes: Common Data Environment: Task-specific point solutions have created the fragmentation of data and losses in handoffs, as construction is increasingly a mixed fleet world with different equipment, technology, software and information—each of which handle different parts of the construction lifecycle. Trimble Construction Cloud features one centralized, common data environment that connects the office with site operations tools, enabling Trimble and non-Trimble solutions to automatically integrate into one usable data set. This provides enhanced data visibility and unites stakeholders across jobs, teams and departments with the right information at the right time to make the right decisions. Configured and Custom Workflows: Despite the number of repetitive tasks inherent to construction, most contractors still run their businesses manually, which is time-consuming and error prone. Trimble Construction Cloud solves this challenge with configured and customizable workflows that help project teams automate different aspects of their business with commonly used workflows, as well as by building and deploying their own around critical job roles and specific business objectives. The cloud's three configured workflows include a model-to-procurement built for Mechanical, Engineering and Plumbing (MEP); a model-to-fabrication for structures; and a civil bid-to-build for site management. Live Data/Model Sharing: Collaborating across projects in real-time has always been difficult for project teams. Trimble Construction Cloud provides customers with the ability to subscribe to unique capabilities across Trimble and non-Trimble solutions such as Microsoft Teams that serve to enhance and facilitate collaboration across project teams. The Live Sharing capability allows for real-time model collaboration for both Trimble and non-Trimble solutions. With Live Sharing, multiple users can be in several Trimble solutions—such as Quadri, Trimble Connect and Tekla—and view model changes as they happen. Users with non-Trimble solutions can also collaborate in the same modeling process as well. Trimble Developer Portal: Instead of reaching out to various organizations within a business to gain access to a report or specific type of data, Trimble Construction Cloud centralizes the discovery, learning, provisioning, support and successful application of APIs through the Trimble Developer Portal. An easily accessible, centralized portal is designed to facilitate faster onboarding and integration leading to more productive developer experiences. "Cloud-based solutions are designed to take industries to the next level to compete in today's marketplace, Trimble Construction Cloud connects disparate systems and provides new workflows, so stakeholders have the visibility and fluidity they need to further enhance digital transformation." -Casey McGee, vice president of Global ISV Sales, Microsoft. About Trimble: Trimble is an industrial technology company transforming the way the world works by delivering solutions that enable our customers to thrive. Core technologies in positioning, modeling, connectivity and data analytics connect the digital and physical worlds to improve productivity, quality, safety, transparency and sustainability. From purpose-built products to enterprise lifecycle solutions, Trimble is transforming industries such as agriculture, construction, geospatial and transportation.

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CONSTRUCTION

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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