September 2022 Vol. 77 No. 9
Business
Business News
Primoris Services Corporation acquires PLH Group for $470 million
Primoris Services Corporation, a leading specialty contractor providing critical infrastructure services to the utility, energy/renewables and pipeline services markets throughout the United States and Canada., has closed its acquisition of PLH Group, Inc. in an all-cash transaction valued at $470 million.
The transaction directly aligns with Primoris’ strategic focus on higher-growth, higher-margin markets and expands its capabilities in the utility markets, including power delivery, communications, and gas utilities.
As a result of the acquisition, the majority of PLH Group operations will be incorporated into Primoris’ Utilities Segment, with the remaining going into the Energy/Renewables and Pipeline segments.
“The addition of PLH is an important step in enhancing both the size and scale of our operations in the Power Delivery and Gas Utilities markets,” said Tom McCormick, Primoris president and CEO. “This acquisition will help us capture substantial growth tailwinds as the U.S. transitions to greater dependence on both traditional and renewable energy sources.”
Based in Dallas, Primoris Services Corporation supports a diversified base of blue-chip customers with engineering, procurement, construction and maintenance services. UC
FOR MORE INFORMATION
Primoris Services Corporation, (214) 740-5600, primoriscorp.com
Volvo CE/Beam Global Partnership Offers Off-Grid EV Charging Systems
A new partnership allows Volvo Construction Equipment’s 245 North American dealer locations to bundle Global Beam’s EV ARC off-grid charging systems with a purchase of Volvo electric equipment. Currently, this includes five models: L20 and L25 electric wheel loaders; and EC18, ECR18 and ECR25 electric excavators.
Based in San Diego and Chicago, Beam Global is a clean technology leader providing innovative, sustainable products and technologies for electric vehicle (EV) charging, energy storage, energy security and outdoor media.
Its EV ARC solar-powered system is compact and easily transportable. It can be rapidly deployed at construction sites, generating, storing and delivering electricity – without requiring electrical work, utility grid connections or fossil-fuel generators.
Together, EV ARC and Volvo electric equipment produce zero emissions, significantly reduced noise levels and lower energy costs, making the bundling ideal for projects in remote, densely populated or strictly regulated areas that limit use of diesel generators and construction equipment.
“Beam Global shares our vision to electrify mobility worldwide, a critical step towards mitigating climate change and reducing noise and air pollution,” said Ray Gallant, vice president of product management and productivity at Volvo CE.
“The construction industry is ready for an energy transition that reduces emissions and improves machinery’s performance, longevity and usability. We’re committed to an electric future and view Beam Global as a strategic partner on this journey.”
Because the EV ARC is part of the Extended Offer Catalog, Volvo Financial Services can be utilized to lease or finance the bundle, with flexible financing options. UC
FOR MORE INFORMATION
Volvo Construction Equipment, (717) 532-9181, volvoce.com
National Trench Safety Acquires Vellano Shoring and Supply
National Trench Safety, the leading independent national provider of trench shoring and safety solutions, has acquired the assets and operations of Vellano Shoring and Supply.
The acquisition expands National Trench Safety’s footprint and offerings, with Vellano Shoring and Supply’s trench safety rentals and sales locations in Buffalo and Albany, N.Y., serving Massachusetts, Connecticut, Vermont, Rhode Island and Pennsylvania.
It also further enhances National Trench Safety’s leadership position in the industry, through Vellano Shoring and Supply’s long-standing relationships with customers; highest priorities on customer service, safety and product quality; and deep expertise.
Paul Vellano, president and CEO of Vellano Shoring and Supply, will join the National Trench Safety district leadership team.
Based in Houston, National Trench Safety offers a broad portfolio of road plates, trench boxes, hydraulic shoring, slide rail, manhole boxes, beams, guide frames, and sheeting. The company serves approximately 8,000 customers from coast-to-coast, through a network of 64 branch locations across the United States and two in the United Kingdom.
FOR MORE INFORMATION
National Trench Safety, (832) 200-0988, ntsafety.com
Ditch Witch Strengthens Product Offerings by Acquiring HydraWheel Rock Saws
Ditch Witch has acquired specific assets from River City Manufacturing Inc., including its HydraWheel design of rock saws. Based in Bertram, Texas, River City Manufacturing has designed and manufactured rock saws since 1982, earning a strong reputation throughout the industry.
Through this acquisition, Ditch Witch continues to show its commitment to the traditional open-cut utility installation industry. The product line features saws, ranging in depth from 9 to 46 inches, that can be paired with both stand-on skid steers and heavy-duty tractors.
As the fiber market continues to drive demand, Ditch Witch is uniquely positioned to meet the needs of contractors around the world.
The rock saws will be manufactured, branded and sold under the Ditch Witch name and are available through its dealer network, with nearly 200 locations worldwide.
FOR MORE INFORMATION
Ditch Witch, (800) 654-6481, ditchwitch.com
Atlas Copco Compressors Acquires Compressed Air Products
Atlas Copco has acquired the operating assets of Compressed Air Products Inc. (CAP), which has been an Atlas Copco distributor for many years, selling to a broad range of industrial customer segments.
Located in Newnan, Ga., southwest of Atlanta, CAP will become a direct branch of Atlas Copco Compressors LLC. The acquired business and its 20 employees will operationally become part of the Service division within the Compressor Technique Business Area, headquartered in Rock Hill, S.C.
“This acquisition was made in line with our strategy of working with the best local teams and ensuring the very best customer support,” said Robert Eshelman, president of Atlas Copco Compressors LLC.
FOR MORE INFORMATION
Atlas Copco Compressors, (866) 546-3588, atlascopco.com
USIC
usicllc.com
USIC Locating Services LLC, an affiliate of USIC, North America’s largest provider of underground utility locating services, acquired Utility Resource Group, LLC (URG).
Headquartered in Troy, Mich., URG offers underground utility locating, gas leak detection, meter services, sewer lateral inspections, and cross bore mitigation for utilities and municipalities across the midwestern and southeastern United States.
USIC, based in Indianapolis, provides utility damage prevention services and advanced utility solutions, including a broad range of utility services offered by its affiliates: Blood Hound, Reconn Utility Services, and On Target Utility Services.
FOSA
fosa.org
The Fiber Optic Sensing Association (FOSA) announced the election of board members and officers for 2022.
Officers elected were:
- Dave Cunningham, Network Integrity Systems (Chairman)
- Paul Dickinson, Dura-Line (Vice-Chairman)
- Paul Baird, Prysmian (Secretary)
- Steven Koles, Hifi (Treasurer)
Four directors were chosen for two-year terms.
- Paul Baird, Product Manager, Prysmian Group
- Paul Dickinson, Director of Technology Partnerships, Dura-Line
- Mike Hines, Marketing & Business Development, Industrial Sensing OFS
- Steven Koles, CEO, Hifi
FOSA is a non-profit organization created in Washington DC, in 2017, with the mission of educating industry, government and the public on the benefits of fiber optic sensing, through webinars, videos, white papers, public presentations and public policy advocacy.
Oatey
oatey.com
Oatey Co., a leading Cleveland, Ohio, manufacturer in the plumbing industry since 1916, was recognized by several local organizations for its commitment to a culture of community involvement and inclusion.
The company was awarded the 2021 Northeast Ohio Pillar Award, presented by Smart Business, for outstanding, multi-faceted contributions to the Northeast Ohio community.
One community partner, VeloSano, a “Bike to Cure,” honored Oatey with its “All-in Award,” which is given annually to an individual, team or group for exceptional efforts and contributions.
A third award, 2021 Crain’s Notable Business Championing in Diversity & Inclusion, recognized Oatey for leading by example, and holding itself and employees accountable, to cultivate a culture of inclusion.
Barbco
barbco.com
Barbco Inc, the East Canton, Ohio, manufacturer of capital equipment for the trenchless excavation, horizontal directional drilling (HDD), and underground manufacturing industries, held its Second Annual St. Baldrick’s Head Shaving Fundraiser.
Benefitting the Fight Against Childhood Cancer, the event this year raised $5,306 and had 37 men “braving the shave.” A luncheon sponsor and corporate partners also helped make it a huge success.
Barbco also earned a patent in Mexico – another achievement in the company’s storied, 32-year history of driving the industries it serves forward with world-class capital equipment and cutting-edge technology.
The patent was granted for FlexBor, the “Cutting Assembly for a Boring Device.” An extremely cost-effective, environmentally safe trenchless method and tooling, FlexBor is designed to virtually eliminate “frac-outs” and inadvertent returns often associated with HDD and the use of bentonite as a slip agent lubricant. UC
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