Building Systems

Audax Private Equity to Sell Reedy Industries to Partners Group

Tuesday, July 27, 2021 - 12:30pm

Audax Private Equity (Audax) today announced that it has signed a definitive agreement to sell Reedy Industries (Reedy or the Company), a leading provider of commercial heating, ventilation and air conditioning (HVAC), to Partners Group, acting on behalf of its clients.

Key Points: 
  • Audax Private Equity (Audax) today announced that it has signed a definitive agreement to sell Reedy Industries (Reedy or the Company), a leading provider of commercial heating, ventilation and air conditioning (HVAC), to Partners Group, acting on behalf of its clients.
  • Audax Private Equity has invested over $7 billion in more than 140 platforms and over 975 add-on companies, and is currently investing out of its $3.5 billion, sixth private equity fund.
  • About Partners Group Partners Group is a leading global private markets firm.
  • Since 1996, the firm has invested over USD 150 billion in private equity, private real estate, private debt and private infrastructure on behalf of its clients globally.

-APi Group Corporation to Acquire Chubb Fire & Security Business for $3.1 Billion-

Tuesday, July 27, 2021 - 11:55am

The business is a globally recognized fire safety and security provider, offering customers complete and reliable services from design and installation to monitoring and ongoing maintenance.

Key Points: 
  • The business is a globally recognized fire safety and security provider, offering customers complete and reliable services from design and installation to monitoring and ongoing maintenance.
  • With the acquisition of Chubb, we see a tremendous amount of accelerated organic growth and margin expansion opportunities across our combined platform.
  • APi Co-Chair Sir Martin E. Franklin commented: The acquisition of Chubb transforms APi into the worlds leading life safety services provider.
  • Together, the business can move faster and more efficiently, globally leveraging the expertise and ability of our combined 26,000 dedicated and talented employees.

Oracle Elevator Announces New Parent Company Name - Elevated Facilities Services Group

Tuesday, July 27, 2021 - 12:00pm

Oracle Elevator (Oracle) is announcing its parent company has rebranded to Elevated Facility Services Group (EFS or the Company).

Key Points: 
  • Oracle Elevator (Oracle) is announcing its parent company has rebranded to Elevated Facility Services Group (EFS or the Company).
  • As one company, EFS supports several leading regional brands in the elevator and escalator MRO sector including EMR Elevator, Oracle Elevator, Premier Elevator, and Premier Oracle Elevator, which together represent the largest independent, non-union provider of contractually based maintenance, repair, and modernization services for all major brands of elevator equipment.
  • We are proud to be able to join forces with such esteemed companies to form Elevated Facilities Services Group, said Paul Belliveau, CEO of Elevated Facility Services Group.
  • EFS supports the leading regional brands in the sector including EMR Elevator, Oracle Elevator, Premier Elevator, and Premier Oracle Elevator.

AECOM awarded third consecutive environmental remediation contract from the U.S. Army Corps of Engineers

Tuesday, July 27, 2021 - 11:55am

AECOM (NYSE: ACM), the worlds trusted infrastructure consulting firm, today announced that it has been selected by the U.S. Army Corps of Engineers (USACE) Baltimore District to continue providing nationwide environmental remediation services through the MAMMS III contract.

Key Points: 
  • AECOM (NYSE: ACM), the worlds trusted infrastructure consulting firm, today announced that it has been selected by the U.S. Army Corps of Engineers (USACE) Baltimore District to continue providing nationwide environmental remediation services through the MAMMS III contract.
  • The multiple-award contract, with a shared program ceiling of $240 million, includes five base years and up to two additional option years.
  • Our dedicated environmental experts consistently deliver for the USACE and have a flawless safety record on this technically complex and challenging work, said Lara Poloni, AECOMs president.
  • AECOM has supported the USACE Baltimore Districts environmental remediation programs for more than 26 years.

Big Ass Fans Joins Madison Industries

Monday, July 26, 2021 - 7:45pm

Madison Industries, one of the worlds largest privately held companies, has acquired Big Ass Fans, the pioneer and category creator of the high volume, low speed fan.

Key Points: 
  • Madison Industries, one of the worlds largest privately held companies, has acquired Big Ass Fans, the pioneer and category creator of the high volume, low speed fan.
  • Big Ass Fans further expands Madisons leading portfolio of indoor air quality solutions, bringing new products, technologies and market channels to the business.
  • Big Ass Fans is an iconic brand and innovator that we are incredibly excited to be partnering with.
  • Big Ass Fans provides branded air flow solutions that drive energy efficiency, thermal comfort and workplace safety and productivity.

KBS Assists in the Acquisition of Sorrento Towers, a 296,327 Square-Foot Class A Office Complex in San Diego, California, for $146 Million on Behalf of Prime US REIT

Monday, July 26, 2021 - 7:38pm

KBS serves as the U.S.-based asset manager for the portfolio, which included identifying and sourcing this asset on PRIMEs behalf.

Key Points: 
  • KBS serves as the U.S.-based asset manager for the portfolio, which included identifying and sourcing this asset on PRIMEs behalf.
  • Sorrento Towers is a Class A property that consists of two seven-story office buildings situated atop a multi-level parking structure.
  • Through this transaction, KBS has assisted PRIME in securing another opportunity to add value to this portfolio.
  • Office tenants in the San Diego market are eager to occupy space at properties like Sorrento Towers that have so much to offer.

Cornerstone Building Brands Leader Heather Hollis Receives Women in Manufacturing STEP Ahead Award for Leadership and Excellence

Monday, July 26, 2021 - 6:02pm

Cornerstone Building Brands, Inc. (NYSE: CNR), the largest manufacturer of exterior building products in North America, announces Heather Hollis, Director of Marketing, Commercial Business Unit, will receive the Women in Manufacturing 2021 STEP (Science, Technology, Engineering and Production) Ahead Award from The Manufacturing Institute .

Key Points: 
  • Cornerstone Building Brands, Inc. (NYSE: CNR), the largest manufacturer of exterior building products in North America, announces Heather Hollis, Director of Marketing, Commercial Business Unit, will receive the Women in Manufacturing 2021 STEP (Science, Technology, Engineering and Production) Ahead Award from The Manufacturing Institute .
  • Hollis leads market research, customer segmentation, value proposition, brand development and lead generation for the commercial buildings and components businesses of Cornerstone Building Brands.
  • Its an honor to represent not only Cornerstone Building Brands, but all the women in the manufacturing industry, said Hollis.
  • Cornerstone Building Brands is the largest manufacturer of exterior building products for residential and low-rise non-residential buildings in North America.

Worldwide Ceilings Industry to 2030 - Focus on Residential and Non-residential Buildings - ResearchAndMarkets.com

Monday, July 26, 2021 - 4:54pm

The "Global Ceilings Market Report 2021-2030" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Global Ceilings Market Report 2021-2030" report has been added to ResearchAndMarkets.com's offering.
  • This study analyzes global ceiling demand by product and market.
  • Historical data are provided for 2010, 2015, and 2020, and forecasts are presented for 2025 and 2030.
  • Demand for ceilings is segmented into the following product types:
    Ceiling tiles, which are also known as ceiling panels:
    Specialty ceilings (baffles, clouds, stretch ceilings, and other specialty ceiling products, including ceiling islands, ceiling planks, and open-cell ceilings)
    The major ceiling markets analyzed are: