Manufacturers – February 2024

Heidelberg Materials North America cement plants in Edmonton, Alberta, and Delta, British Columbia, have earned Natural Resources Canada’s Energy Star for Industry Certification, which signifies that the facility performs in the top quartile of similar operations in Canada and the United States for energy efficiency. That metric is one of many aspects that Heidelberg Materials targets to protect the climate, preserve resources, reduce emissions and have the lowest possible impact on the environment at its production facilities. The producer has operational efficiency and energy optimization programs across cement, aggregate and concrete business lines, striving for continuous improvement in each.

In a strategic move to accelerate its commitment to cement decarbonization, San Jose, Calif.-based Fortera has appointed Greg DiCosola as senior vice president of Capital Project Execution. He will lead the company’s project commercialization efforts, building a team capable of scaling and deploying large capital projects globally. As a technology development and project execution veteran, DiCosola has demonstrated leadership in executing engineering, procurement, and construction (EPC) endeavors.

“Our focus is on deploying Fortera’s ReCarb green cement-making technology and commercialization of ReAct green cement,” says CEO and Co-Founder Ryan Gilliam. “Greg’s proven track record of successfully engaging with EPC firms to deploy sustainable technology on an industrial scale makes him an ideal fit to help bring our plants to completion quickly and efficiently. The time for action to decarbonize the cement industry is now, and we are pleased to welcome Greg to Fortera to guide project execution.”

Generational Equity, Dallas-based mergers and acquisitions advisor for privately held businesses, has announced the sale of client Power Rental & Sales, LLC to Pearlman Group of Suwanee, Ga. With one Alabama and two Tennessee locations, Nashville-based Power Rental & Sales is a premier source of decorative concrete supplies, stamps and tools, plus equipment. Over the past two decades, it has developed an extensive knowledge of slab practice; aimed to cover all needs for the decorative and commercial concrete supply market; and, emerged as a one-stop shop for contractors and homeowners looking to breathe life into their indoor or outdoor living spaces.

Butterfield Color is among Power Rental & Sales’ primary pigment brands.

Pearlman Group is a leading multi-channel developer and specialty distributor of supplies, tools, and equipment used in the fabrication, maintenance, cleaning, and restoration of surfaces for residential, commercial, and industrial end-markets. It is among holdings of the Stephens Group, a Little Rock, Ark. private investor backed by the Witt Stephens and Elizabeth Campbell families with upwards of $2 billion of private equity assets under management.

“This was a great opportunity all the way around. Not only was this an ideal fit, but the level of professionalism of both sellers and buyers made for a smooth transaction,” says Generational Equity Senior Managing Director Julie Sandoval, who teamed with Executive Managing Directors Michael Goss and Bill Kushnir in leading the transaction.