LAN
Lockwood, Andrews & Newnam Inc. (LAN) and LEO A DALY (LAD) completed a long-term strategic partnership with Hennick & Company, Inc. As part of the transaction, and in keeping with Hennick & Company’s partnership philosophy and commitment to significant employee ownership, 42 senior employees have acquired a 25-percent stake in the firms.
This marks the largest expansion of equity ownership in the company's history and the first ownership transfer from the Daly family in more than 100 years. For the 12 months ending Feb. 29, 2024, LEO A DALY generated combined global revenues of $232 million.
Founded in Omaha, Nebraska in 1915 by Leo A Daly I, and family-owned for over a century, LAD is one of the oldest and largest firms in the United States in its industry. LAN was founded in Texas in 1935 and merged with LEO A DALY in 1991.
Today, with 26 offices located across the United States, LAD and LAN employ 850 professionals providing architecture, planning, engineering, program and project management and interior design services. The combined companies provide services to a wide range of industries, including government, healthcare, aviation, critical infrastructure (such as water and transportation), education, and hospitality. Clients include federal, state, and municipal governments, real estate developers, corporate end-users, and prestigious academic institutions in the United States and beyond.
Hennick & Company’s unique partnership approach ensures strong strategic alignment and a shared vision for the future, emphasizing collective dedication to creating value for clients, employees, and stakeholders. The partnership also includes a “perpetual partnership model,” allowing future generations of employees to become equity shareholders over time.
Going forward, Leo A Daly III will remain as Chairman of LAD and LAN to ensure each firm's legacy and culture continue to thrive. All members of LAD’s senior leadership have become equity shareholders and will continue to lead the company’s day-to-day operations to provide stability for key talent, clients, and stakeholders. Clients can expect the same unwavering commitment to excellence, innovation, and personalized service that has defined the organization for over a century.
IQ Fiber
IQ Fiber, a Jacksonville, Fla., based provider of 100-percent fiberoptic internet, is deploying its high-speed, state-of-the-art network to Savannah, Ga. Design and engineering work is complete, and construction of the over $50-million project will begin in the coming weeks with first customers coming online in 2025.
This expansion into Savannah marks IQ Fiber’s third major market, following successful deployments in the Jacksonville and Gainesville, Florida metro areas. This growth further solidifies the company’s position as a leader in residential fiber-optic internet, known for offering a seamless, stress-free experience with no data caps.
IQ Fiber is a rapidly expanding, Jacksonville, Fla.-based fiber-optic internet service provider that maintains a 4.8-star rating across over 1,200 reviews. Building on its success in North Florida, it continues to transform the broadband market with an expanded footprint now covering 3 major metro areas: Jacksonville, Gainesville and Alachua County, Fla., and Savannah, Ga.
Volvo
Volvo Construction Equipment has named its Dealer of the Year and Uptime Dealer of the Year for 2023.
Great West Equipment is the OEM’s Dealer of the Year. The award celebrates the dealership that exemplifies the Volvo brand, and values and demonstrates consistently high performance in all areas, including customer uptime, service offerings and share performance over time.A full-service dealership with 11 locations across British Columbia and Yukon in Canada, Great West Equipment achieved significant year-over-year growth in multiple equipment types and in market share. At the same time, it also built up its knowledge and inventory of electric machines and the relevant support equipment and tools.
Key roles that helped the staff earn the award include a rebuild project manager focused on updating used equipment, a technical trainer to support ongoing education, a technology specialist focused on telematics and assistive software, and a dozen customer service reps. The dealership has also established a robust interval chain process across all locations and is piloting an online parts marketplace.
Another dealer earned the award focused on keeping customers up and running. The 2023 Uptime Dealer of the Year is Strongco, a wholly owned subsidiary of Nors, S.A. that has 25 locations in the Alberta, Ontario and Quebec provinces of Canada.
The award recognizes the North American dealership that exhibits Volvo’s commitment to being the No. 1 uptime provider in the construction industry by demonstrating its Service Commitment pledge to provide customers unrivaled service and support.
Hultec
Hultec, the world’s largest provider of pipe sealing solutions, announced a strategic brand alignment that brings together its four companies under a singular global name: Hultec.
Incorporated in the new unified Hultec brand are S & B Technical Products, serving water and wastewater infrastructure; Maloney Technical Products, supplying rubber and plastic solutions for oil and gas exploration; RieberLok, offering self-restraining gaskets for PVC pipe; and Terramix the company’s primary research and manufacturing arm in Costa Rica.
The brand transformation – including a new Hultec identity, logo and website – completes a year of strategic analysis and creative development following Industrial Growth Partners’ acquisition of Hultec and its affiliated brands in 2023, and Hultec’s purchase of RieberLok in January 2024.
Hultec relocated its corporate headquarters to Spring, Texas, in June and is constructing a new world-class manufacturing facility, warehouse and distribution center there that opens later this year. Manufacturing plants also operate in Fort Worth, Texas; Costa Rica; and Viet Nam.
The company’s wide footprint allows Hultec to meet the need for reliable pipeline gaskets and sustainable rubber-based technologies that ensure flow, eliminate failures, and enhance safety and quality of life.
Hitachi
Hitachi Construction Machinery Americas Inc. continues to strengthen its presence in the Latin American construction market, with the addition of Antillana Comercial as an official dealer in the Dominican Republic. This strategic partnership makes reliable, high-performance construction machinery readily available to customers, starting with select excavator models including the ZX130-5G, ZX200LC-5G, ZX350LC-7G and ZX490LC-7G, ranging from 12,800 kilograms to 49,700 kilograms in operating weight.
The ZAXIS-5G and ZAXIS-7G excavator lines are equipped with Hitachi Construction Machinery’s unique ConSite remote fleet monitoring system. Operators in the Dominican Republic will be able to closely monitor the operational status of their machines and receive immediate alarms if any emergency occurs. Support at Hitachi Construction Machinery Americas headquarters will be able to swiftly and efficiently offer necessary support to make sure the construction equipment is up and running to get the job done.
The ZX350LC-7G excavator is equipped with an enhanced HIOS III hydraulic system, while the ZX490LC-7G uses a HIOS V hydraulic system, to introduce a new level of performance and efficiency. This results in reduced fuel consumption. Operators in the Dominican Republic will be able to optimize their fuel usage by matching their work mode to their site conditions and application.
Hitachi Construction Machinery Americas Inc. is a leading provider of construction and mining machinery services and solutions in North and Latin America.
Platinum Contracting
Platinum Contracting has completed construction on La Cova in South Shore at Lake Las Vegas, expanding Southern Nevada’s largest lakeside master planned community. As the general contractor for the landmark project, the heavy civil construction firm successfully laid the groundwork for a premier residential subdivision.
The comprehensive construction project included the installation of essential infrastructure components such as wet and dry utilities. Platinum’s efforts have prepared La Cova for its future as a residential enclave, offering a rare desert living experience surrounded by a 320-acre lake.
Platinum executed the initial phases of the project from site preparation and underground infrastructure to grading and paving. The project included the following:
Comprehensive earthworks – grading and paving – to create a solid foundation and infrastructure for the community.
Durable and aesthetically pleasing concrete installations throughout the development.
Wet and dry utilities: Installation of all necessary (wet and dry) utilities, ensuring the community is fully equipped for modern living.
Complete preparation for the development of residential lots, making it ready for construction of homes.
Platinum Contracting of Nevada, a 2024 and 2023 Inc. 5000 honoree, is a full-service general contractor serving the Southern Nevada market. Founded in 2017, the firm specializes in grading, excavation and a vast range of underground utility installations, including water, sewer, storm drain, power, phone, cable TV and street lighting, among others.
Instagrid
Instagrid, the Certified B Corporation and leading provider of advanced battery-based portable power systems for mobile workforces, launched Instagrid GO. The high-performance battery unit will provide mobile power to North American workers facing challenging power demands, while simultaneously transforming workplace safety and driving the industry net-zero push.
Global off-grid work is currently dominated by inefficient and costly fuel-powered combustion generators that produce harmful emissions and pose health risks to users. In the United States, new safety standards for portable generators have been proposed, with the State of California already confirming a ban on the sale of portable gas-powered generators, effective in 2028.
Born out of Germany’s world-renowned epicenter for innovation and engineering excellence, Instagrid developed a sustainable alternative power supply that integrates a unique award-winning architecture of stacked micro-inverters to deliver precise grid-like performance – at a fraction of the size, weight, and environmental cost of conventional generators. In fact, by avoiding expenditure on fuel and maintenance, Instagrid customers save nearly 80 percent on lifetime costs, all while generating zero exhaust fumes. UI