Company purchases 27 acres in Richmond with plan to contribute almost a quarter of land to civic use

VANCOUVER, British Columbia–(BUSINESS WIRE)–Keltic Canada Development (Keltic) is proud to announce today that it has secured one of Metro Vancouver’s largest land deals this year, acquiring a large plot of land in Richmond, British Columbia for over $300 million. The property, which is a total of 27 acres in size, is located at No 2. Road and River Road. The deal closed on December 7th and saw the transfer of ownership to Keltic Canada Development. The transaction was coordinated and brokered by Goran Bucan Prec from Sutton Group (WCR-Broadway).

As could be expected given the vast size of the land, Keltic’s development plans are significant in scale. Currently, the property is occupied by light industrial / commercial tenants. The company plans to create a vibrant multi-use destination including residential, commercial and industrial spaces that will add richness and vitality to the city. Twenty-three per cent of the land, or 6.4 acres, will be developed into green space and contributed back to the city for community use. Extensive public consultation will be utilized to ensure the property is developed respecting the authentic part of Richmond’s community but also create something new and exciting. Located next to Richmond Olympic Oval, the development is positioned to add to an already thriving area of civic activity.

“The acquisition of this piece of land presents us with an opportunity to work with the City of Richmond and the public to design and develop their dream, and to create something that will have a positive and lasting impact on this community for generations to come,” shared Rachel Li Lei, Managing Director, CEO Keltic Canada Development. “We are committed to enhancing the quality of work and life for Canadians by developing sustainable, modern, and productive communities, and this development will be thoroughly representative of that mission.”

Keltic is a 100% Canadian-owned, diversified real estate development company headquartered in Vancouver. With established experience in building Lower Mainland’s residential, industrial, and mixed-use developments, this purchase adds to its long-term strategic growth plan for Greater Vancouver. The acquisition allows Keltic to forward its established dedication to building a superior and healthy standard of living that suits the everyday lifestyles of those who live in its built communities. In addition to this development, Keltic’s current projects at varying stages of development include Coco Oakridge, Nexus, The Paramount, Park West and upcoming O2 project in Metrotown.

For more information on Keltic, visit www.kelticdevelopment.com.

About Keltic Canada Development

Keltic is a Canadian-owned, diversified real estate development company, headquartered in Vancouver B.C. Their numerous projects include residential, industrial, and mixed-use developments for sale, under construction, or upcoming. Keltic is supported by its solid financial strength and world-class management team, with a clear focus on long-term strategic growth in Greater Vancouver, B.C.

Contacts

Media
Max Jakubke

PUBLiSH Partners

778-772-7336

max@publishpartners.co

Great Place to Work® acknowledges Bridgit as a company that creates a truly exceptional employee experience.

TORONTO–(BUSINESS WIRE)–Bridgit, a Toronto/Waterloo-based workforce intelligence technology company that’s focused on the construction industry, is proud to announce its inclusion in the Great Place to Work® 2021 list of Best Workplaces Managed by Women, which has been compiled based on the feedback from the employees of hundreds of organizations.

Bridgit’s inclusion on the list comes as little surprise to those in the industry, as Bridgit’s founders Mallorie Brodie and Lauren Lake have worked hard to foster a close-knit, inclusive, and people-first working environment. The outcome of this is clear: In the past year, Bridgit has more than doubled its employee count, seen 140% increase in revenue, closed their $24M series B round, launched 36 new features and 16 integrations, and formed partnerships with ConTech giants Procore and Autodesk—which is made all the more impressive by the fact that they’ve done it in two male-dominated industries.

Bridgit is hiring for at least fifteen new roles across all departments, with additional jobs being posted weekly. A Great Place to Work- Certified™ company, Bridgit offers competitive compensation and equity, a remote-first work environment, unlimited PTO, four-hour Fridays, and free health insurance for employees and their families.

“We strive to create an environment that helps our people thrive, which means great benefits, pay and an unwavering commitment to diversity, equity and inclusion,” said Lauren Lake, Co-founder and COO at Bridgit. “We want our team members to feel like they can bring their best selves to work; so we’re constantly striving to find every way to make that possible. We consider a great working experience to be one of our key competitive advantages.”

Bridgit’s flagship product, Bridgit Bench, is the only workforce management platform designed specifically for general contractors, allowing them to put the right people on the right jobs, and at the right time—eliminating cost overruns caused by improper workforce planning. Bridgit Bench also intelligently forecasts hiring needs, allowing GCs to confidently identify and bid on jobs where they’ll be most successful.

To explore career opportunities at Bridgit, please see the careers page. If you are a general contractor interested in how Bridgit Bench can help you take a people-first approach to workforce planning, please sign up to talk to a workforce intelligence expert.

About Bridgit

Bridgit is workforce intelligence for the construction industry. Bridgit’s mission is simple — to help the construction industry maximize profits by taking a people-first approach. Workforce Intelligence from Bridgit transforms workforce data into actionable insights that inform an organization’s strategic and tactical business decisions. Bridgit is a privately held company, having raised over $43.5 million CAD in equity financing, with capital from investors such as Autodesk, BDC Capital’s Women in Technology Venture Fund, Camber Creek, Export Development Canada, IAF, Nine Four Ventures, Salesforce Ventures, Sands Capital, StandUp Ventures, Storm Ventures, and Vanedge Capital. Learn more about Bridgit at gobridgit.com.

Contacts

Media:
Jesse Kent

Derring-Do Inc.

jesse@derringdo.com
909.781.3892

With Procore Action Plans, family-run real estate developer ensures it’s consistently meeting quality standards on projects across Canada

TORONTO–(BUSINESS WIRE)–Procore Technologies, Inc. (NYSE: PCOR), a leading provider of construction management software, today announced that customer Cape Group is expanding its years-long relationship with Procore. Cape Group is standardizing its processes nationwide with Procore’s Quality and Safety tool, Action Plans, which enables the company to digitize its inspection and test plans (ITP) and improve quality assurance.

Vancouver-based Cape Group is a family-run real estate and development company founded in 1956 that prides itself on keeping the needs of the communities it works in top-of-mind. From rental units to warehouses, high-rises to master planned communities, mixed-use buildings to market housing and more, Cape Group has extensive experience with myriad types of projects.

The company chose Procore as its construction management solution for its comprehensiveness and proven track record. Today, Cape Group uses Procore to track all its projects, including real-time budgeting and cost control. The company uses Procore Analytics to turn project data into intelligence, including tracking and analyzing how long it takes for Requests For Information to receive a response.

“Cape Group is delivering projects around 10 per cent faster by using Procore, and we’re generating 10 times more revenue. We appreciate that Procore delivers continuous innovation in its platform,” said Zack Ross, Chief Operating Officer, Cape Group. “Procore has evolved the way we work at Cape Group. Standardizing tasks with Action Plans is the next step. We know from experience that Procore lets us deliver more value to our customers, which helps our business grow.”

Cape Group is now implementing Procore’s Action Plans in an effort to standardize its processes. Action Plans helps companies show clients and regulators that a job met quality standards and each stage was approved by a relevant party. Action Plans allows Cape Group to create templates for sequential work such as quality assurance, concrete pours and safety plans. Company-assigned approvers control when a plan can advance to the next step, allowing Cape Group to manage projects the same way on every job, whether the work is being done by local teams in Vancouver, Winnipeg, Ottawa or Toronto. Everything is tracked on the Procore platform, including proof of completion such as photos.

“The Procore platform is purpose-built for construction. A long-standing partner such as Cape Group incorporating Action Plans into its project management demonstrates that contractors can grow their business with Procore,” said Jas Saraw, Vice President, Canada at Procore.

Learn more about how Cape Group won a $60M project because of Procore: https://www.procore.com/en-ca/casestudies/cape-group

About The Cape Group

Cape Group is a three-generation, family run, vertically integrated real estate and development company, operating since 1956. With more than 60 years of experience, we are known within the industry as a group you can count on. We develop high-quality projects that complement the vibrancy of neighbourhoods, whether it is working with landowners, institutions, or home buyers, we listen and deliver. From high-rises to warehouses, office buildings to master planned communities, our dedication to building quality and building relationships is at the forefront of everything we do.

About Procore

Procore is a leading provider of construction management software. Over 1 million projects and more than $1 trillion USD in construction volume have run on Procore’s platform. Procore’s platform connects key project stakeholders to solutions Procore has 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 Procore’s 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. Learn more at Procore.com.

Contacts

Steve Gold/Anita Wong

StrategicAmpersand Inc. (on behalf of Procore)

ProcorePR@stratamp.com

This press release contains forward-looking information that is based upon assumptions and is subject to risks and uncertainties as indicated in the cautionary note contained within this press release.

NOT FOR DISTRIBUTION IN THE UNITED STATES OR DISSEMINATION THROUGH U.S. NEWS OR WIRE SERVICES

TORONTO–(BUSINESS WIRE)–Dream Industrial REIT (TSX: DIR.UN) (the “Trust” or “Dream Industrial REIT”) announced today the closing of its previously announced private placement of senior unsecured debentures (the “Offering”) consisting of C$250 million aggregate principal amount of 2.539% Senior Unsecured Debentures, Series D maturing on December 7, 2026 (the “Series D Debentures”). Concurrent with the closing of the Offering, the Trust entered into cross currency interest rate swap arrangements to swap the proceeds of the Offering to Euros to lower the effective interest rate to 0.541%.

The Series D Debentures are expected to be rated BBB with a Stable Trend by DBRS Limited.

An amount equal to the net proceeds from the Offering is expected to be utilized to finance and/or refinance eligible green projects within the meaning of the Trust’s Green Financing Framework (the “Framework”) established in June 2021. Prior to allocation of the net proceeds of this Offering to eligible green projects, the net proceeds may be initially used to fund future acquisitions and development costs, repay existing indebtedness, and for general trust purposes. The Offering is the Trust’s second “green bond” offering, following the C$400 million Series C Debentures issued in June 2021.

The Series D Debentures have not been and will not be qualified for sale to the public under applicable securities laws in Canada and, accordingly, any offer and sale of the Series D Debentures in Canada will be made on a basis which is exempt from the prospectus requirements of such securities laws. The Series D Debentures will not be listed on any stock exchange and there will be no market for such securities. The Series D Debentures have not been, and will not be, registered under the United States Securities Act of 1933, as amended, or any state securities law and may not be offered or sold in the United States and may not be offered or sold to other persons who are not residents of a province of Canada.

About Dream Industrial Real Estate Investment Trust

Dream Industrial REIT is an unincorporated, open-ended real estate investment trust. As at September 30, 2021, Dream Industrial REIT owns, manages and operates a portfolio of 221 industrial assets (326 buildings) comprising approximately 39.8 million square feet of gross leasable area in key markets across Canada, Europe, and the U.S. Dream Industrial REIT’s objective is to continue to grow and upgrade the quality of its portfolio which primarily consists of distribution and urban logistics properties and to provide attractive overall returns to its unitholders. For more information, please visit www.dreamindustrialreit.ca.

Forward Looking Information

This news release may contain forward-looking information within the meaning of applicable securities legislation. Forward looking information generally can be identified by the use of forward-looking terminology such as “outlook”, “objective”, “may”, “will”, “expect”, “intend”, “estimate”, “anticipate”, “believe”, “should”, “plans”, or “continue”, or similar expressions suggesting future outcomes or events. Some of the specific forward-looking information in this news release may include, among other things, the expected rating and trend of the Series D Debentures; and the expected use of proceeds from the Offering. Forward looking information is based on a number of assumptions and is subject to a number of risks and uncertainties, many of which are beyond Dream Industrial REIT’s control that could cause actual results to differ materially from those that are disclosed in or implied by such forward-looking information. These risks and uncertainties include, but are not limited to, global and local economic and business conditions; uncertainties surrounding the COVID-19 pandemic; the financial condition of tenants; our ability to finance or refinance eligible green projects; interest and currency rate fluctuations; competition; and the risk that there may be unforeseen events that cause the Trust’s actual capital structure, overall cost of debt and results of operations to differ from what the Trust currently anticipates. Our objectives and forward-looking statements are based on certain assumptions with respect to each of our markets, including that the general economy remains stable, the gradual recovery and growth of the general economy continues over the remainder of 2021 and in 2022, interest rates remain stable, conditions within the real estate market remain consistent, competition for and availability of acquisitions remains consistent with the current climate, the capital markets continue to provide ready access to equity and/or debt, the timing and ability to sell certain properties remains in line with the Trust’s expectations, valuations to be realized on property sales will be in line with current IFRS values, occupancy levels remain stable, and the replacement of expiring tenancies will remain consistent. All forward-looking information in this news release speaks as of the date of this news release. Dream Industrial REIT does not undertake to update any such forward-looking information whether as a result of new information, future events or otherwise except as required by law. Additional information about these assumptions and risks and uncertainties is contained in Dream Industrial REIT’s filings with securities regulators, including its latest annual information form and MD&A. These filings are also available at Dream Industrial REIT’s website at www.dreamindustrialreit.ca.

Contacts

DREAM INDUSTRIAL REAL ESTATE INVESTMENT TRUST

Brian Pauls
Chief Executive Officer

(416) 365-2365

bpauls@dream.ca

Lenis Quan
Chief Financial Officer

(416) 365-2353

lquan@dream.ca

Alexander Sannikov
Chief Operating Officer

(416) 365-4106

asannikov@dream.ca

NOT FOR DISTRIBUTION IN THE UNITED STATES OR DISSEMINATION THROUGH U.S. NEWS OR WIRE SERVICES

TORONTO–(BUSINESS WIRE)–Dream Impact Trust (TSX: MPCT.UN) (the “Trust”) announces that it has filed and obtained receipts for a final base shelf prospectus dated December 2, 2021. The final base shelf prospectus was filed with the securities regulatory authorities in each of the provinces and territories of Canada. The final base shelf prospectus is valid for a 25-month period, during which time the Trust may offer and issue, from time to time, units, subscription receipts and debt securities, or any combination thereof, having an aggregate offering price of up to $500 million.

Any issuance of securities under the final base shelf prospectus will require the filing of a shelf prospectus supplement that will include the specific terms of the securities being offered.

This news release does not constitute an offer to sell securities, nor is it a solicitation of an offer to buy securities, in any jurisdiction. This news release does not constitute an offer of securities for sale in the United States and the securities referred to in this news release may not be offered or sold in the United States absent registration or an exemption from registration.

About Dream Impact Trust

The Trust is an open-ended trust dedicated to impact investing. Impact investing is the intention of creating measurable positive, social and environmental change in our communities and for our stakeholders, while generating attractive market returns. The Trust’s underlying portfolio is comprised of exceptional real estate assets reported under two operating segments: development and recurring income, that would not be otherwise available in a public and fully transparent vehicle, managed by an experienced team with a successful track record in these areas. The objectives of the Trust are to create positive and lasting impacts for our stakeholders through our three impact verticals: environmental sustainability and resilience, attainable and affordable housing, and inclusive communities; balance growth and stability of the portfolio, increasing cash flow, unitholders’ equity and NAV over time; leverage access to an experienced management team and strong partnerships in order to generate attractive returns for investors; provide investors with a portfolio of high-quality real estate development opportunities, concentrated in core geographic markets; and to provide predictable cash distributions to unitholders on a tax-efficient basis. For more information, please visit www.dreamimpacttrust.ca.

Forward Looking Information

This news release may contain forward-looking information within the meaning of applicable securities legislation. Forward looking information generally can be identified by the use of forward-looking terminology such as “outlook”, “objective”, “may”, “will”, “expect”, “intend”, “estimate”, “anticipate”, “believe”, “should”, “plans”, or “continue”, or similar expressions suggesting future outcomes or events. Some of the specific forward-

looking information in this news release may include, among other things, the filing of any shelf prospectus supplements. Forward looking information is based on a number of assumptions and is subject to a number of risks and uncertainties, many of which are beyond the Trust’s control that could cause actual results to differ materially from those that are disclosed in or implied by such forward-looking information. These risks and uncertainties include, but are not limited to, global and local economic and business conditions; mortgage and interest rates and regulations; the uncertainties around the timing and amount of future financings; uncertainties surrounding the COVID-19 pandemic; the financial condition of tenants; interest and currency rate fluctuations; competition; and the risk that there may be unforeseen events that cause the Trust’s actual capital structure, overall cost of debt and results of operations to differ from what the Trust currently anticipates. Our objectives and forward-looking statements are based on certain assumptions with respect to each of our markets, including that the general economy remains stable, the gradual recovery and growth of the general economy continues over the remainder of 2021 and in 2022, interest rates remain stable, conditions within the real estate market remain consistent, competition for and availability of acquisitions remains consistent with the current climate, the capital markets continue to provide ready access to equity and/or debt, the timing and ability to sell certain properties remains in line with the Trust’s expectations, valuations to be realized on property sales will be in line with current IFRS values, occupancy levels remain stable, and the replacement of expiring tenancies will remain consistent. All forward-looking information in this news release speaks as of the date of this news release. The Trust does not undertake to update any such forward-looking information whether as a result of new information, future events or otherwise except as required by law. Additional information about these assumptions and risks and uncertainties is contained in the Trust’s filings with securities regulators, including its latest annual information form and MD&A. These filings are also available at the Trust’s website at www.dreamimpacttrust.ca.

Contacts

DREAM IMPACT TRUST
Meaghan Peloso

Chief Financial Officer

(416) 365-6322

mpeloso@dream.ca

Kimberly Lefever

Director, Investor Relations

(416) 365-6339

klefever@dream.ca

DALLAS–(BUSINESS WIRE)–AECOM (NYSE: ACM), the world’s trusted infrastructure consulting firm, today announced it has secured places on two Crown Commercial Service (CCS) frameworks, expanding its offering to government departments and public sector clients in the UK, and further enhancing AECOM’s presence across the Crown Commercial Service as a Supplier Alliance Member.

“AECOM’s growing strategic advisory offering combines the strength of our experience with deep technical expertise,” said Lara Poloni, AECOM’s president. “CPS and MCF3 are important frameworks for AECOM that enable us to deliver new services to our public sector clients, helping them to understand their challenges and solve their most complex issues. Key to our offering is integrating ESG into every project we deliver to our clients.”

AECOM has secured five lots on the Crown Commercial Service’s £1.7bn Construction Professional Services (CPS) Framework and has also secured a position on four lots of the major Crown Commercial Service (CCS) Management Consultancy Framework (MCF3). These frameworks will run for four years.

“We are excited to continue growing our relationship with public sector clients and extend our support to them as many re-evaluate the built environment for post-pandemic use and work towards achieving net zero emissions targets,” said Colin Wood, AECOM’s regional chief executive in Europe and India. “As a Supplier Alliance Member, we are pleased to advance these important objectives with clients and other Supplier Alliance Members across the UK.”

The Construction Professional Services Framework lots will cover the built environment and general infrastructure, urban regeneration, high rise structures, defense and security and international projects. The framework is used by government departments and public sector clients ranging from education and housing to energy and health.

The MCF3 gives government, public bodies and third sectors access to a wide range of specialist consultancy services. AECOM has secured positions on Lot 1: Business, Lot 6: Procurement & Supply Chain, Lot 8: Infrastructure including Transport and Lot 9: Environmental Sustainability & Socio-Economic Development.

AECOM is committed to delivering its transformative environmental, social and governance (ESG) objectives through its Sustainable Legacies strategy, ensuring the work it does in partnership with clients leaves a positive impact for years to come.

Crown Commercial Service supports the public sector to achieve maximum commercial value when procuring common goods and services. In 2020/21, CCS helped the public sector to achieve commercial benefits equal to £2.04bn – supporting world-class public services that offer best value for taxpayers.

The value of future work associated with this framework will be added to backlog upon the Company’s selection for such projects.

About AECOM

AECOM (NYSE: ACM) is the world’s trusted infrastructure consulting firm, delivering professional services throughout the project lifecycle – from planning, design and engineering to program and construction management. On projects spanning transportation, buildings, water, new energy and the environment, our public- and private-sector clients trust us to solve their most complex challenges. Our teams are driven by a common purpose to deliver a better world through our unrivaled technical expertise and innovation, a culture of equity, diversity and inclusion, and a commitment to environmental, social and governance priorities. AECOM is a Fortune 500 firm and its Professional Services business had revenue of $13.3 billion in fiscal year 2021. See how we are delivering sustainable legacies for generations to come at aecom.com and @AECOM.

Forward-Looking Statements

All statements in this communication other than statements of historical fact are “forward-looking statements” for purposes of federal and state securities laws, including any statements of the plans, strategies and objectives for future operations, profitability, strategic value creation, coronavirus impacts, risk profile and investment strategies, and any statements regarding future economic conditions or performance, and the expected financial and operational results of AECOM. Although we believe that the expectations reflected in our forward-looking statements are reasonable, actual results could differ materially from those projected or assumed in any of our forward-looking statements. Important factors that could cause our actual results, performance and achievements, or industry results to differ materially from estimates or projections contained in our forward-looking statements include, but are not limited to, the following: our business is cyclical and vulnerable to economic downturns and client spending reductions; impacts caused by the coronavirus and the related economic instability and market volatility, including the reaction of governments to the coronavirus, including any prolonged period of travel, commercial or other similar restrictions, the delay in commencement, or temporary or permanent halting of construction, infrastructure or other projects, requirements that we remove our employees or personnel from the field for their protection, and delays or reductions in planned initiatives by our governmental or commercial clients or potential clients; losses under fixed-price contracts; limited control over operations run through our joint venture entities; liability for misconduct by our employees or consultants; failure to comply with laws or regulations applicable to our business; maintaining adequate surety and financial capacity; high leverage and potential inability to service our debt and guarantees; exposure to Brexit; exposure to political and economic risks in different countries; currency exchange rate fluctuations; retaining and recruiting key technical and management personnel; legal claims; inadequate insurance coverage; environmental law compliance and adequate nuclear indemnification; unexpected adjustments and cancellations related to our backlog; partners and third parties who may fail to satisfy their legal obligations; AECOM Capital real estate development projects; managing pension cost; cybersecurity issues, IT outages and data privacy; risks associated with the benefits and costs of the sale of our Management Services and self-perform at-risk civil infrastructure and power construction businesses, including the risk any purchase adjustments from those transactions could be unfavorable and any future proceeds owed to us as part of the transactions could be lower than we expect;; as well as other additional risks and factors that could cause actual results to differ materially from our forward-looking statements set forth in our reports filed with the Securities and Exchange Commission. Any forward-looking statements are made as of the date hereof. We do not intend, and undertake no obligation, to update any forward-looking statement.

Contacts

Media Contact:
Brendan Ranson-Walsh

Vice President, Global Communications & Corporate Responsibility

1.213.996.2367

Investor Contact:

Will Gabrielski

Senior Vice President, Finance, Treasurer

1.213.593.8208

Canada’s largest agrihood recently witnessed homebuyers camp out for chance to buy at Southlands Tsawwassen

TSAWWASSEN, British Columbia–(BUSINESS WIRE)–The ongoing challenges of the COVID-19 pandemic and big-city housing affordability have led to a record-breaking number of people leaving Canada’s biggest cities. This is no more evident than by the incredible sales success witnessed by Century Group, as dozens of hopeful homebuyers camped out overnight during a recent weekend at Southlands in Tsawwassen for the chance to secure a home in the latest phase of the agrihood.

A total of 40 groups of prospective homebuyers spent the night outside for the opportunity to secure their preferred new condo unit at District Flats, the latest phase at the multiphase community in South Delta. Unlike any community in Canada, Southlands is a strategically planned and pedestrian oriented agricultural community.

District Flats, designed by Hotson Architecture, will offer residents a safe, close knit community filled with urban amenities, making it the perfect place to escape hectic city life while still being close to the action. Southlands provides residents with the unique opportunity to enjoy locally grown food, support farmers, protect the local food supply, and connect with agriculture along with fresh air, plenty of green space, and access to Centennial Beach and Boundary Bay Regional Park.

District Flats is the community’s first condo offering and is also Southland’s most urban offering to date. The condos feature a refined industrial aesthetic and modern, contemporary architecture, unlike any other design in the area and are located in the heart of Market Square with restaurants such as the planned Four Winds Brewing Co. location and existing Prado Cafe nearby, making it easy for residents to transition their city lifestyle to Southlands.

The 34 homes sold out the next day, and those who were not successful in purchasing a home were placed on a waitlist.

“The excitement we saw this weekend shows the real estate market is still strong and people recognize that our offerings are more unique to anything else presented here in Metro Vancouver,” says Sean Hodgins, President of Century Group. “District Flats has allowed us to expand our reach to younger professionals, as well as downsizers who have had enough of big city life and are eager to embrace a small town lifestyle.”

Southlands will be releasing their next phase of housing in Spring 2022.

About Southlands Tsawwassen

Southlands is a place where agriculture is celebrated by providing farming that is integrated into every aspect of community life. The ethos of farming and food expands from Southlands inner core and touches every edge of this community. A place where the design of the homes invites connections with one’s neighbours and a sense of safety and community where kids can be set free. Southlands creates a sense of place that hints at exclusivity while welcoming the greater community to take advantage of its beauty and connections to Boundary Bay.

About Century Group

Century Group is a family-owned company that began developing houses in Tsawwassen more than 60 years ago. Century Group specializes in local residential development projects with mixed housing types and is a leader in design and construction of mixed-use communities. Our operations include property management and the construction and operation of seniors’ residences as well as hotel and restaurant properties.

Contacts

Evan Duggan

evan@talkshopmedia.com

Leading U.S.-based HVAC Distributor Doubles Footprint in Canada

NEW LENOX, Ill.–(BUSINESS WIRE)–Munch’s Supply (the “Company”), a leading North American heating, air conditioning, and plumbing distributor has acquired TML Supply and its 13 branches servicing the province of Ontario, Canada. This will expand Munch’s geographic footprint to 64 locations serving 16 U.S. states and one Canadian province.

TML Supply President Bill Edmanson said, “We are so proud of the legacy that we’ve built at TML Supply. Our customers and employees have always come first and I am excited about the bright future that a partnership with Munch’s Supply offers. We are excited about the opportunities this transaction provides to both TML Supply employees and customers.”

“Bill and his team have been serving the Ontario market since 1953, building one of the largest distributorships in the province,” said Bob Munch, CEO of Munch’s Supply. “They have done this by providing exceptional service and high-quality HVAC brands like Tempstar, Keeprite and Frigidaire, along with a highly successful sheet metal fabrication business. We are honored to be given the opportunity to continue growing TML Supply in the Ontario market.”

Curtis Shea, President of Munch’s Supply in Canada added, “TML Supply has earned a great reputation as a preeminent provider of HVAC products in Ontario. We are excited to welcome them to the Munch family.”

The acquisition demonstrates Munch’s ongoing dedication to the HVAC and plumbing marketplace and reinforces its commitment to partnering with family and customer-service focused businesses looking for either a long-term partnership or an exit strategy.

Munch’s Supply has been operating in the Chicagoland area for 65 years and is consistently ranked as a top HVAC distributor in the United States. Ridgemont Equity Partners, a middle-market private equity firm, acquired a majority stake in Munch’s Supply in 2019 and continues to support the Company in its organic and M&A growth initiatives.

About Munch’s Supply

Munch’s Supply was founded in 1956 by Willard Munch, who wanted to develop a local source of electrical supplies for area contractors. Today, the Company has more than 1,000 employees focused on supplying heating, cooling and plumbing industry contractors with quality products and exceptional service. Proudly celebrating its 65^th year in business in 2021, Munch’s Supply operates with a commitment to service as a leading distributor for trusted brands such as American Standard, Trane, Mitsubishi, Rheem, IPEX, AO Smith, Kohler, Tempstar, Keeprite and Frigidaire. Through Munch’s Holdings, LLC, it operates Munch’s Supply, Tommark, O’Connor Company, Comfort Air Distributing, C&L Supply HVAC and Plumbing, API of NH and Delta T, Marks Supply and TML Supply which continue to serve as the premier sources for HVAC and plumbing equipment and supplies to contractors throughout North America. www.munchsupply.com

About Ridgemont Equity Partners

Ridgemont Equity Partners is a Charlotte-based middle market buyout and growth equity investor. Since 1993, the principals of Ridgemont have invested over $5.5 billion. The firm focuses on equity investments up to $250 million and utilizes a proven, industry-focused investment approach and repeatable value creation strategies. Ridgemont’s most recent flagship fund, REP III, was formed in 2018 and has $1.65B of committed capital. www.ridgemontep.com

Contacts

Mary Jo Hann

Munch’s Supply

Maryjo.hann@munchsupply.com
847-833-5223

LONDON–(BUSINESS WIRE)–nVent Electric plc (NYSE:NVT) (“nVent”), a global leader in electrical connection and protection solutions, today announced it is the first heat tracing cable manufacturer to secure third-party verification of a product’s long-term power retention capabilities. Underwriters’ Laboratories (UL) recently verified the performance of the nVent RAYCHEM HTV self-regulating heating cable to retain 100% power output following 18 months of intensive, continuous testing at the product’s maximum operating temperature of 205°C (400°F).

This announcement marks the first time the international certification agency UL has verified a heat tracing product’s performance over such an extended period. Regulatory standards typically focus on validating a product’s safety status and short-term performance, but there are currently no regulatory requirements for heating cable longevity or power retention beyond the first few months of operation.

“nVent has been at the forefront of innovation in the heat tracing sector for well over 50 years – continuously developing new technologies and techniques that connect and protect people, critical infrastructure, industrial processes and buildings,” said Brad Faulconer, president, nVent Thermal Management. “Securing a UL Verified Mark for our nVent RAYCHEM HTV heating cable’s superior long-term performance is the latest in a long line of industry firsts, which demonstrates our commitment to true quality and giving our customers solutions that work better, for longer.”

Redefining long-term performance standards

nVent combined the recent nVent RAYCHEM HTV heat tracing cable test data with 3D Arrhenius modelling techniques to establish concrete lifetime ratings for its heating cable. Based on these ratings, the nVent RAYCHEM HTV heating cable sets a new standard in heat tracing performance, offering a minimum of 95% power retention after 10 years and a design life of 30 years. The overall result is a reliable solution that industrial manufacturers can trust to protect their temperature critical operations.

Cost-efficient quality

Consistent power retention is critical for ensuring plants and facilities can cope with most unexpected scenarios, such as extreme weather conditions. It can be difficult for operators to regularly assess the performance status of heating cables, making it challenging to quickly identify diminished power retention. With extensive reliability data now confirmed by a third-party source, the nVent RAYCHEM HTV heating cable can help plant managers keep their facilities running smoothly and safely. This hard-wearing solution also can deliver an enhanced return on investment, with lower operating costs over time and reduced risks from catastrophic failures that can cause production delays and even plant closures.

To learn more about the nVent RAYCHEM HTV UL Verified Mark visit https://verify.ul.com/verifications/670

To learn more about the nVent RAYCHEM HTV heating cable, visit https://raychem.nvent.com/en-us/products/htv-self-regulating-heating-cable-0

About nVent

nVent is a leading global provider of electrical connection and protection solutions. We believe our inventive electrical solutions enable safer systems and ensure a more secure world. We design, manufacture, market, install and service high performance products and solutions that connect and protect some of the world’s most sensitive equipment, buildings and critical processes. We offer a comprehensive range of enclosures, electrical connections and fastening and thermal management solutions across industry-leading brands that are recognized globally for quality, reliability and innovation. Our principal office is in London and our management office in the United States is in Minneapolis. Our robust portfolio of leading electrical product brands dates back more than 100 years and includes nVent CADDY, ERICO, HOFFMAN, RAYCHEM, SCHROFF and TRACER. Learn more at www.nvent.com.

nVent, CADDY, ERICO, HOFFMAN, RAYCHEM, SCHROFF and TRACER are trademarks owned or licensed by nVent Services GmbH or its affiliates.

Contacts

Koen Verleyen

EMEAI Marketing Manager

nVent

+32(0)478904219

Koen.Verleyen@nvent.com

Eugene Ho

NAM Marketing Manager

nVent

+1-650-474-7508

Eugene.Ho@nvent.com

Kang Wang

APAC Marketing Manager

nVent

+86-21-24121567

Kang.Wang@nvent.com