Not for distribution to U.S. News Wire Services or dissemination in the United States.

TORONTO–(BUSINESS WIRE)–#valueforgenerations–Choice Properties Real Estate Investment Trust (“Choice Properties”) (TSX: CHP.UN) announced today that the trustees of Choice Properties have declared a cash distribution for the month of June, 2024 of $0.063333 per trust unit, representing $0.76 per trust unit on an annualized basis, payable on July 15, 2024 to Unitholders of record at the close of business on June 28, 2024.

About Choice Properties Real Estate Investment Trust

Choice Properties is a leading Real Estate Investment Trust that creates enduring value through the ownership, operation and development of high-quality commercial and residential properties.

We believe that value comes from creating spaces that improve how our tenants and communities come together to live, work, and connect. We strive to understand the needs of our tenants and manage our properties to the highest standard. We aspire to develop healthy, resilient communities through our dedication to social, economic, and environmental sustainability. In everything we do, we are guided by a shared set of values grounded in Care, Ownership, Respect and Excellence.

For more information, visit Choice Properties’ website at www.choicereit.ca and Choice Properties’ issuer profile at www.sedarplus.ca.

Contacts

Mario Barrafato

Chief Financial Officer

Choice Properties REIT

(416) 628-7872

Mario.Barrafato@choicereit.ca

Reflects $2.8 billion upsize in capital raise to support global hyperscalers in meeting unprecedented cloud and AI demand

Total of $11 billion raised over past nine months to drive $30 billion in data center development

DENVER, & BOCA RATON, Fla., & MENLO PARK, Calif.–(BUSINESS WIRE)–Vantage Data Centers, a leading global provider of hyperscale data center campuses, has completed a $9.2 billion equity investment led by investment vehicles managed by DigitalBridge Group, Inc. (NYSE: DBRG) (“DigitalBridge”), the leading global alternative asset manager dedicated to investing in digital infrastructure, and Silver Lake, the global leader in technology investing.

The capital raise was significantly oversubscribed and upsized by $2.8 billion with participation from multiple global investors, bringing the completed investment to $9.2 billion. Together with the €1.5 billion investment by Australian Super announced in September 2023, aggregate new investment in Vantage over the past nine months totals approximately $11 billion, of which more than $7 billion is primary equity. Primary proceeds will be used to fund Vantage’s growth across North America and EMEA, accelerating and extending the company’s strategic capabilities to partner with global hyperscalers in meeting unprecedented cloud and AI demand.

Vantage has grown in recent years to own or control more than 25 sites in North America and EMEA totaling over three gigawatts of expected capacity. As part of the company’s investment plan, the new funding is expected to accelerate further growth by driving an estimated $30 billion of additional development, extending Vantage’s track record of bringing market leading capacity and innovative solutions to customers around the world. In connection with the investment, Vantage will continue its development of next-generation data centers, including energy-efficient and sustainable designs purpose-built for AI and large-scale cloud deployments.

“It’s exciting to experience such strong investor demand to fuel our unprecedented growth across North America and EMEA,” said Sureel Choksi, president and CEO of Vantage. “The confidence that DigitalBridge, Silver Lake and other investors have in Vantage and our ability to execute, as evidenced by an investment round that was significantly oversubscribed, is a testament to our team’s track record of delivering for our customers. This new funding from the world’s leading digital infrastructure and technology investors, along with numerous co-investors, is a game changer that uniquely positions Vantage to capitalize on the incredible AI and cloud opportunity in front of us.”

“DigitalBridge is excited to continue its support of Vantage, a proven infrastructure partner for the world’s top cloud and technology platforms,” said Jon Mauck, senior managing director at DigitalBridge, who leads the company’s data center investment strategy. “This investment allows Vantage to further accelerate the development of next generation infrastructure to support the continued adoption of cloud and AI technologies.”

“Our conviction in Vantage’s leadership in developing and delivering next generation capacity for the world’s most significant hyperscalers has never been greater, and we are thrilled to be joined by an elite group of investors in this important partnership,” said Greg Mondre, co-CEO and managing partner, and Lee Wittlinger, managing director, of Silver Lake.

About Vantage Data Centers

Vantage Data Centers powers, cools, protects and connects the technology of the world’s well-known hyperscalers, cloud providers and large enterprises. Developing and operating across five continents in North America, EMEA and Asia Pacific, Vantage has evolved data center design in innovative ways to deliver dramatic gains in reliability, efficiency and sustainability in flexible environments that can scale as quickly as the market demands.

For more information, visit https://www.vantage-dc.com.

About DigitalBridge Group, Inc.

DigitalBridge Group, Inc. (NYSE: DBRG) is a leading global alternative asset manager dedicated to investing in digital infrastructure. With a heritage of over 25 years investing in and operating businesses across the digital ecosystem, including cell towers, data centers, fiber, small cells and edge infrastructure, the DigitalBridge team manages $80 billion of infrastructure assets on behalf of its limited partners and shareholders. Headquartered in Boca Raton, DigitalBridge has key offices in New York, Los Angeles, London, Luxembourg and Singapore.

For more information, visit https://www.digitalbridge.com.

About Silver Lake

Silver Lake is a global technology investment firm with approximately $103 billion in combined assets under management and committed capital and a team of professionals based in North America, Europe and Asia. Silver Lake’s portfolio companies collectively generate nearly $248 billion of revenue annually and employ approximately 506,000 people globally.

For more information, visit https://www.silverlake.com.

Cautionary Statement Regarding Forward-Looking Statements

This press release may contain forward-looking statements within the meaning of the federal securities laws. Forward-looking statements relate to expectations, beliefs, projections, future plans and strategies, anticipated events or trends and similar expressions concerning matters that are not historical facts. In some cases, you can identify forward-looking statements by the use of forward-looking terminology such as “may,” “will,” “should,” “expects,” “intends,” “plans,” “anticipates,” “believes,” “estimates,” “predicts,” or “potential” or the negative of these words and phrases or similar words or phrases which are predictions of or indicate future events or trends and which do not relate solely to historical matters. Forward-looking statements involve known and unknown risks, uncertainties, assumptions and contingencies, many of which are beyond our control, and may cause actual results to differ significantly from those expressed in any forward-looking statement. Factors that might cause such a difference include the impact of AI and related technologies on the demand for and development of digital infrastructure, plans for capital deployment by Vantage, and other risks and uncertainties, including those detailed in DigitalBridge’s Annual Report on Form 10-K for the year ended December 31, 2023, Quarterly Report on Form 10-Q for the quarter ended March 31, 2024, and its other reports filed from time to time with the U.S. Securities and Exchange Commission. All forward-looking statements reflect DigitalBridge’s good faith beliefs, assumptions and expectations, but they are not guarantees of future performance. DigitalBridge cautions investors not to unduly rely on any forward-looking statements. The forward-looking statements speak only as of the date of this press release. DigitalBridge is under no duty to update any of these forward-looking statements after the date of this press release, nor to conform prior statements to actual results or revised expectations, and DigitalBridge does not intend to do so.

Contacts

Mark Freeman

Vantage Data Centers

mfreeman@vantage-dc.com
+1-202-680-4243

Robin Bectel

REQ for Vantage Data Centers

vdc@req.co
+1-703-244-2242

Jon Keehner / Sarah Salky

Joele Frank, Wilkinson Brimmer Katcher for DigitalBridge

dbrg-jf@joelefrank.com
+1-212-355-4449

Jennifer Stroud

Edelman Smithfield for Silver Lake

jennifer.stroud@edelmansmithfield.com
+1-646-565-1792

Based on employee feedback, LP ranks among top workplaces for company culture and employee engagement

NASHVILLE, Tenn.–(BUSINESS WIRE)–LP Building Solutions (LP), a leading manufacturer of high-performance building products, today announced that it has been recognized for the third consecutive year as a winner of the Top Workplaces of Middle Tennessee Award by The Tennessean, the state’s largest newspaper and a member of the USA Today Network.

“At LP, we are dedicated to cultivating an engaged, diverse and talented workforce because our greatest strength is our people,” said LP Chair and CEO Brad Southern. “Being recognized as one of the Top Workplaces in Middle Tennessee is particularly meaningful because it is based entirely on employee feedback, reflecting our team members’ true opinions of LP. I am thankful for their dedication and passion for our mission, as they consistently learn, grow and innovate.”

The Top Workplaces Award is determined by employee feedback collected through a confidential survey conducted by Energage for The Tennessean. This survey assesses the employee experience across various dimensions, such as feeling respected and supported, opportunities for growth, and empowerment to perform their roles.

LP’s scores, reflecting employee motivation, commitment to staying with the company, and willingness to recruit others, surpassed the industry average for engagement. LP excelled in the following categories:

• Execution — LP operates efficiently
• Values — LP upholds strong values
• Opinions Valued — Managers care about employees’ opinions and concerns

LP cultivates a strong company culture by investing in team member development programs, offering competitive compensation and benefits packages, ensuring a safe and inclusive work environment, and engaging in community outreach.

“Earning a Top Workplaces Award is a badge of honor for companies, especially because it comes authentically from their employees,” said Energage CEO Eric Rubino. “In today’s market, leaders must ensure that they’re allowing employees to have a voice and be heard. That’s paramount. Top workplaces do this, and it pays dividends.”

To see the full list of 2024 Top Workplaces winners, visit The Tennessean.

About LP Building Solutions

As a leader in high-performance building solutions, Louisiana-Pacific Corporation (LP Building Solutions, NYSE: LPX) manufactures engineered wood products that meet the demands of builders, remodelers and homeowners worldwide. LP’s extensive portfolio of innovative and dependable products includes Siding Solutions (LP^® SmartSide^® Trim & Siding, LP^® SmartSide^® ExpertFinish^® Trim & Siding, LP BuilderSeries^® Lap Siding and LP^® Outdoor Building Solutions™), LP^® Structural Solutions (LP^® TechShield^® Radiant Barrier, LP WeatherLogic^® Air & Water Barrier, LP Legacy^® Premium Sub-Flooring, LP^® FlameBlock^® Fire-Rated Sheathing, LP NovaCore^® Thermal Insulated Sheathing and LP^® TopNotch^® 350 Durable Sub-Flooring) and oriented strand board (OSB). In addition to product solutions, LP provides industry-leading customer service and warranties. Since its founding in 1972, LP has been Building a Better World™ by helping customers construct beautiful, durable homes while shareholders build lasting value. Headquartered in Nashville, Tennessee, LP operates 22 plants across the U.S., Canada, Chile and Brazil. For more information, visit LPCorp.com.

Contacts

615-986-5886

Media.Relations@lpcorp.com

TORONTO–(BUSINESS WIRE)–Primaris Real Estate Investment Trust (“Primaris” or the “Trust”) (TSX: PMZ.UN) announced today that its Board of Trustees has declared a distribution of $0.07 per unit for the month of June 2024, representing $0.84 per unit on an annualized basis. The distribution will be payable on July 15, 2024 to unitholders of record on June 28, 2024.

About Primaris Real Estate Investment Trust

Primaris is Canada’s only enclosed shopping centre focused REIT, with ownership interests primarily in leading enclosed shopping centres located in growing mid-sized markets. The current portfolio totals 12.5 million square feet valued at approximately $3.8 billion at Primaris’ share. Economies of scale are achieved through its fully internal, vertically integrated, full-service national management platform. Primaris is very well-capitalized and is exceptionally well positioned to take advantage of market opportunities at an extraordinary moment in the evolution of the Canadian retail property landscape.

For more information:

TSX: PMZ.UN

www.primarisreit.com
www.sedarplus.ca

Contacts

Alex Avery

Chief Executive Officer

416-642-7837

aavery@primarisreit.com

Rags Davloor

Chief Financial Officer

416-645-3716

rdavloor@primarisreit.com

Claire Mahaney

VP, Investor Relations & ESG

647-949-3093

cmahaney@primarisreit.com

Timothy Pire

Chair of the Board

chair@primarisreit.com

• GoCanvas is a leading provider of SaaS solutions for enhancing productivity and safety through paperless collection, reporting and integration of field data in construction
• Perfect fit with Nemetschek’s Build & Construct Division portfolio strategy
• Complementary technology, customer base and regional sales split will create strong synergies and accelerate Subscription/SaaS business model transition
• Combining Bluebeam office and GoCanvas field worker community will create a unique construction ecosystem

RESTON, Va.–(BUSINESS WIRE)–The Nemetschek Group (NEM.DE), a leading global provider of software solutions for the AEC/O and media industries, today announced that it has signed a definitive agreement to acquire all shares in GoCanvas Holdings, Inc., headquartered in Reston, Virginia, USA. GoCanvas® is a leading provider of field worker collaboration software that digitizes traditionally paper-based processes, simplifies inspections, improves safety, and maximizes compliance with more than 300,000 active users worldwide in the first quarter of 2024.

The Nemetschek Group´s Build Segment offers subscription and SaaS products that simplify customers’ jobs and connect openly with other AEC/O solutions and platforms. GoCanvas fits perfectly in this strategy by offering flexible cloud and mobile field worker solutions that help customers efficiently collect real-time data, collaborate across worksites, create digital checklists, make data-driven business decisions, and replace paperwork with smart, simple workflows.

Complementary technologies create a best-in-class portfolio for a sustainable built environment globally

The acquisition of GoCanvas will capture significant growth opportunities and technology synergies through further enhancing market and customer access. GoCanvas further strengthens Nemetschek Group’s positioning in the US while Nemetschek will provide GoCanvas a unique footprint to expand in Europe and Asia-Pacific.

Nemetschek Group’s largest brand Bluebeam is already the most trusted name for collaboration solutions in the built environment and is poised to utilize this market leadership to introduce GoCanvas solutions to extend value to field workers. GoCanvas expands the existing Build portfolio of Nemetschek by providing solutions that simplify operations for on-site professionals across diverse sectors including construction, manufacturing and energy with workflows including safety, ESG (Environmental, Social, and Governance), quality and work progress. These solutions deliver enhanced productivity and efficiency gains for field workers, including reduced travel, heightened safety measures, and improved collaboration.

GoCanvas already has a strong position in the fast-growing field worker market. Consequently, the TAM (total addressable market) for the Build segment increases significantly.

“GoCanvas is a great fit and a perfect complement to our existing solution portfolio in the Build segment and therefore represents a valuable addition to our expertise in covering the complete AEC/O life cycle,” says Yves Padrines, CEO of the Nemetschek Group. “Adding the powerful solutions of GoCanvas gives us a strong competitive edge while opening access to a rapidly growing market for field workforces in construction and other adjacent verticals.”

Viyas Sundaram, GoCanvas CEO, adds: “We are thrilled to join the Nemetschek Group as we continue our mission to simplify inspections and digitize paper-based processes. This partnership will accelerate our growth and development, allowing us to offer our solutions to a wider range of customers. Together, we will support them in safeguarding their people, protecting their assets, and delivering exceptional quality.”

“We are very much looking forward to welcoming the GoCanvas team to the Nemetschek family,” adds Usman Shuja, Chief Division Officer of the Build & Construct Division and CEO of Bluebeam Inc. “GoCanvas extends the simplicity and delightful user experience that Bluebeam and 123OnSite users value. I am excited to expand our latest innovations to the field worker. Our customers will significantly benefit from this combined power, as we are now able to provide a comprehensive offering with the most advanced and sustainable functionalities possible.”

Innovative and fast-growing company

GoCanvas was founded in 2008 and has more than 300 employees with locations in the US, Canada, Australia and South Africa. With its strong Annual Recurring Revenue (ARR) growth of around 20% in recent years, GoCanvas generated an ARR of USD 67 million and an operating margin still below the Nemetschek Group average in 2023. GoCanvas’ growth is expected to stay at the level of around 20% in the coming years with an increase in operating margin resulting from operational leverage, synergies and economies of scale. The purchase price (on a cash-/debt-free basis) represents a 2023 ARR multiple of around 11.5x based on the 2023 ARR.

Transaction financing will be provided by Nemetschek’s own cash resources and existing credit facilities. The acquisition is expected to close in summer 2024 and is subject to customary regulatory approval and closing conditions. Until the transaction closes, each company will continue to operate independently. Upon closing, the CEO of GoCanvas, Viyas Sundaram, and his team will join the Nemetschek Group. More details related to the transaction will be disclosed after closing of the acquisition.

About the Nemetschek Group

The Nemetschek Group is a globally leading provider of software for digital transformation in the AEC/O and media industries. Its intelligent software solutions cover the entire life cycle of construction and infrastructure projects and allow creatives to optimize their workflows. Customers can plan, construct, and manage buildings and infrastructure more efficiently and sustainably, and develop digital content such as visualizations, films, and computer games in a creative way. The software company drives new technologies and approaches such as artificial intelligence, digital twins, and open standards (OPEN BIM) in the AEC/O industries to increase productivity and sustainability. We are continuously expanding our portfolio, including through investments in disruptive start-ups. More than 7 million users are currently designing the world with the customer-focused solutions of our four segments. Founded by Prof. Georg Nemetschek in 1963, the Nemetschek Group today employs more than 3,400 experts.

The company, which has been listed in the MDAX and TecDAX since 1999, achieved a revenue of EUR 851.6 million and an EBITDA of EUR 257.7 million in 2023.

About GoCanvas

GoCanvas is dedicated to transforming how businesses connect their office and field workers. The user-friendly platforms aim to simplify inspections, digitize traditional paper-based processes, improve safety, and ensure maximum compliance with industry standards. GoCanvas mobile and cloud solutions are designed to streamline data collection from the field to the office, taking care of administrative tasks so GoCanvas’ customers can focus on what matters most — ensuring the safety of their teams, maintaining the integrity of their equipment, and operating more efficiently.

Since 2008, GoCanvas has been driven by a commitment to excellence and continuous innovation. Based in Reston, Virginia, GoCanvas is trusted by thousands of companies to optimize their operations and deliver fast, high-quality results.

Contacts

Ema Gantcheva | ema.gantcheva@gocanvas.com
443.326.9918

With a new leader on board, global fintech Adyen eyes innovation and long-term growth in Canada

TORONTO–(BUSINESS WIRE)–Today, Adyen (AMS: ADYEN), the global financial technology platform of choice for leading businesses, announced the opening of its own office in Toronto. The new Toronto office will serve as the company’s Canadian headquarters, underscoring Adyen’s commitment to sustained growth in the Canadian market. As part of Adyen’s ongoing commitment to growing in Canada, Adyen is also pleased to welcome Ilona Fagyas to its leadership team as its new Head of Sales later this month.

Since the start of 2020, Adyen has established a strong presence in Canada, expanding its team to 26 employees across various functions to support local and global businesses operating in the region. The company has forged local partnerships, launched new products, and added notable merchants like Moose Knuckles and Mejuri to its Canadian client base next to its already impressive global client base. Leveraging its financial technology platform, Adyen’s team offers innovative solutions that are transforming the way Canada pays.

“The opening of Adyen’s Toronto office represents a significant milestone for Adyen Canada as we continue to expand. Our growth is driven by our dedicated team, who consistently assists our growing customer base with innovative payment technology. The progress in payment technology has prompted many organizations and businesses to remodel their technology stack and operations for greater flexibility and convenience in payments. Adyen is at the center of this transformation,” said Sander Meijers, Adyen Canada Country Manager. “We are thrilled to welcome Ilona to the leadership team, and continue to offer end-to-end payment capabilities that benefit both Canadian businesses and shoppers alike.”

With over 15 years of sales management experience, Ilona Fagyas is a proven payments leader in the Canadian FinTech industry. Ilona has led enterprise segments at prominent organizations including TD, Chase, and most recently, PayPal. Her dedication to excellence has been recognized through numerous President’s Club designations, highlighting her contributions to year-over-year improvement in top-performing regions. As the Head of Sales for Adyen Canada, Ilona will be focused on expanding Adyen’s footprint in the region and optimizing its growing commerce business.

“The Payment Technology industry in Canada is ripe for change, and I have long admired how Adyen provides Canadian businesses with seamless payment experiences in one, single solution,” said Ilona Fagyas, Adyen Canada Head of Sales. “I am excited to join the Adyen team in its mission to make payments more accessible for Canadians across the country, and ultimately, scale the business to new heights.”

Adyen has over 20,000 payment terminals in thousands of Canadian stores, with hundreds of Canadian brands interacting with Adyen’s platform daily. Adyen sets itself apart from other fintech platforms by offering all payment and financial products within its one innovative platform. Through Adyen’s platform, businesses can quickly respond to consumer demand for the latest trends in payments and consumer experiences with minimal effort – for example, by utilizing tokenization to inter-connect customer journeys across Pay By Link, mobile POS, buy online and return in-store, with a wealth of customer data captured in the process.

Adyen’s financial technology platform is available to help Canadian enterprises – including those in retail, hospitality, platform services, digital services and subscriptions, and e-commerce – achieve their ambitions faster. For more information, visit https://www.adyen.com.

About Adyen

Adyen (AMS: ADYEN) is the financial technology platform of choice for leading companies. By providing end-to-end payments capabilities, data-driven insights, and financial products in a single global solution, Adyen helps businesses achieve their ambitions faster. With offices around the world, Adyen works with the likes of Meta, Mejuri, Uber, H&M, Ebay, Moose Knuckles, Lightspeed and Microsoft. Adyen continuously improves and expands its product offering as part of its ordinary course of business. New products and features are announced via press releases and product updates on the company’s website.

Contacts

Media
Lindsay Silverberg

Business Director, Talk Shop Media

lindsay@talkshopmedia.com

DALLAS–(BUSINESS WIRE)–AECOM (NYSE: ACM), the world’s trusted infrastructure consulting firm, today announced that an AECOM-led joint venture with Akima Support Operations has been selected by the Naval Facilities Engineering Systems Command (NAVFAC) Pacific to deliver facility support services under the Global Contingency Services Multiple Award Contract (GCSMAC). This is AECOM’s third consecutive GCSMAC award, spanning 13 years of engineering and operations support for NAVFAC facilities throughout the world under this contract.

“We’re proud to build on years of collaboration with the Navy by deploying our extensive federal disaster recovery capabilities to address critical facility needs in the Pacific and worldwide,” said Lara Poloni, AECOM’s president. “Our industry-leading experts, many of whom joined AECOM as veterans, remain dedicated to the Navy’s mission and bring specialized expertise from our previous GCSMAC projects.”

Under this multiple-award, indefinite-delivery, indefinite-quantity contract, the joint venture will provide various services in response to natural disasters, humanitarian efforts, Navy operations and projects worldwide. The scope of work also encompasses supporting the Navy’s facility maintenance and modernization operations, as well as providing incidental environmental and engineering services.

“Our team brings together highly skilled program managers and technical specialists with proven success on complex large-scale federal programs,” said Karl Jensen, executive vice president of AECOM’s National Governments business. “As we continue to advance our Think and Act Globally strategy, our dedicated professionals will leverage our global contingency expertise, which includes rapid deployment of resources as well as facility and infrastructure support.”

AECOM entities have supported the U.S. Navy for more than 90 years, and the Company has delivered approximately $1.5 billion in services worldwide in the past decade. This includes complex programs such as NAVFAC Pacific and Atlantic Comprehensive Long-Term Environmental Action Navy (CLEAN), and numerous planning, architecture, engineering, and environmental services contracts.

About AECOM

AECOM (NYSE: ACM) is the world’s trusted infrastructure consulting firm, delivering professional services throughout the project lifecycle – from advisory, 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 and digital expertise, 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 $14.4 billion in fiscal year 2023. 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, 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; potential government shutdowns or other funding circumstances that may cause governmental agencies to modify, curtail or terminate our contracts; losses under fixed-price contracts; limited control over operations that 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; potential high leverage and inability to service our debt and guarantees; ability to continue payment of dividends; exposure to political and economic risks in different countries, including tariffs, geopolitical events, and conflicts; currency exchange rate and interest 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; managing pension costs; AECOM Capital real estate development projects; 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, power construction and oil and gas businesses, including the risk that any purchase adjustments from those transactions could be unfavorable and result in 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

Senior Vice President, Global Communications

1.213.996.2367

Brendan.Ranson-Walsh@aecom.com

Investor Contact:

Will Gabrielski

Senior Vice President, Finance, Treasurer

1.213.593.8208

William.Gabrielski@aecom.com

C$880 million acquisition will enhance Saint-Gobain’s position in light and sustainable construction and further strengthen its product portfolio in Canada.

MALVERN, Pa.–(BUSINESS WIRE)–Saint-Gobain has completed the acquisition, announced on April 3, 2024, of The Bailey Group of Companies (Bailey), a leading manufacturer of metal building solutions in Canada. With approximately 690 employees working across twelve manufacturing sites throughout Canada, Bailey will reinforce Saint-Gobain’s commitment to growth in the country, adding more than C$500 million in revenues.

With today’s announcement, Saint-Gobain has successfully completed its third major acquisition in Canada in the last three years. These include the acquisition of Kaycan (2022) a leader in siding and exterior solutions and Building Products of Canada (2023) a major manufacturer of residential roofing shingles and wood fiber insulation panels. All three additions complement CertainTeed Canada’s extensive portfolio of interior building materials, and Bailey will further enrich Saint-Gobain’s full-range offer of interior and exterior solutions.

The Bailey Group of Companies, which will continue to operate under its current brand name, joins the local North American construction business, within the Americas region.

Today’s announcement follows several other recent growth investments announced by Saint-Gobain in Canada:

• In February, Saint-Gobain completed the installation of a recovery system at its gypsum facility in Vancouver, British Columbia, expected to reduce Scope 1 carbon dioxide emissions by 15%.
• In September, Saint-Gobain completed the $1.325 billion acquisition of Building Products of Canada Corp., reinforcing its leadership in light and sustainable construction in Canada.
• In 2022, Saint-Gobain announced the acquisitions of both Kaycan and GCP, strengthening its leadership positions in siding and construction chemicals respectively in both Canada and the United States.
• In June 2022, Saint-Gobain and CertainTeed Canada announced an investment to upgrade equipment at its gypsum facility outside Montreal, which will increase the plant’s production capacity by up to 40%. The plant will also transition away from fossil fuels to solely being powered by renewable electricity from Hydro-Quebec, making it the first zero-carbon wallboard plant in North America for scopes 1 and 2 emissions. Work on this project is currently underway.

With over 145 manufacturing locations in Canada and the United States, every current and future member of the company’s team plays a vital role in achieving its sustainability goals. A current list of job openings at all Saint-Gobain locations can be found on the company’s careers website.

About CertainTeed

With innovative building solutions made possible through its comprehensive offering of interior and exterior products, CertainTeed is transforming how the industry builds. As leaders in building science and sustainable construction, CertainTeed makes it easier than ever to create high-performance, energy-efficient places to live, work and play, so that together we can make the world a better home.

A subsidiary of Saint-Gobain, one of the world’s largest and oldest building products companies, CertainTeed has more than 6,900 employees and more than 60 manufacturing facilities throughout Canada and the United States. www.certainteed.ca

About Saint-Gobain

Worldwide leader in light and sustainable construction, Saint-Gobain designs, manufactures and distributes materials and services for the construction and industrial markets. Its integrated solutions for the renovation of public and private buildings, light construction and the decarbonization of construction and industry are developed through a continuous innovation process and provide sustainability and performance. The Group’s commitment is guided by its purpose, “MAKING THE WORLD A BETTER HOME”.

€47.9 billion in sales in 2023

160,000 employees, locations in 76 countries

Committed to achieving net zero carbon emissions by 2050

About The Bailey Group of Companies

Founded in 1950 by Sam Bailey, The Bailey Group of Companies is a family owned, Canadian operation. The Bailey Group of Companies, consisting of Bailey-Hunt Limited and its subsidiaries, is recognized as an industry leader, offering building solutions to both the commercial framing and drywall finishing residential markets.

With twelve locations across Canada, our manufacturing capacity and national presence ensures that our customers, across the country, have the products they require quickly. Bailey production facilities are strategically located within 90% of Canadian job sites. We constantly work to deliver high quality, innovative valuable products. Supplying industry leading service and product solutions for the construction industry is our long-standing and enduring commitment.

Contacts

Media:
Peter Clark (+1) 603 513 8513

Leader in transport automation will share preconstruction design methodologies that save time and money

WHISTLER, British Columbia–(BUSINESS WIRE)–TransLogic™, a Swisslog Healthcare company and a leading supplier in transport automation, will be showcasing its expertise in healthcare design at the 2024 Canadian Healthcare Engineering Society (CHES) BC Annual Trade Show and Education Forum in Whistler. The event is expected to gather hundreds of engineering experts in the healthcare industry to discuss best practices in designing and constructing hospitals and other care facilities.

TransLogic will participate in the event’s Exhibition Hall June 2-4, 2024, at booth #99 at Whistler Conference Centre, 4010 Whistler Way, Whistler, BC, and invites engineering professionals specializing in healthcare planning, design, and construction to explore the advantages of its Design Assist service. This preconstruction consultative offering brings transport experts into the early stages of building design, fostering collaboration that enhances overall project efficiency, ensures long-term serviceability, and proactively addresses potential future challenges.

“The engineering of healthcare facilities can be extremely complicated and nuanced, especially when considering specific needs like a building’s pneumatic tube system,” said Jesse Kora, Building Information Modeling (BIM) Manager at TransLogic.

Pneumatic tubes are used in hospitals and other healthcare facilities to transport materials quickly, such as blood samples, medications, and more. TransLogic works with decision-makers in the hospital and healthcare maintenance and construction industry to consult with the project team to ensure consideration of the tube system vision. This includes running simulations, creating 3D models, and coordinating directly with engineers to ensure the tube system design can meet space planning, performance, and serviceability needs.

“These tube systems transport important medications and samples throughout a hospital, and they are an engineering feat. We are looking forward to sharing our expertise about how best to plan for and incorporate transport automation systems in the preconstruction design process,” continued Michael Fedoruk, Regional Sales Director, Canada at TransLogic.

More information about the design and construction of pneumatic tube systems in healthcare settings can be found at https://www.translogic.com/.

About TransLogic™

TransLogic™, a Swisslog Healthcare Company, builds on its 100 years of operational technology expertise to reliably automate the delivery of critical items and leverage innovations which transcend industry standards in transport automation. TransLogic™ products are manufactured in the USA, resulting in nominal supply chain issues, fewer shipping delays, and quality controls which meet North America’s standards. Learn more about TransLogic™ solutions at translogic.com.

About Swisslog Healthcare:

Swisslog Healthcare provides integrated medication supply chain solutions to hospitals and health systems to assist providers in treating patients across the continuum of care. Integrating transport and pharmacy automation, value-added services, and intelligent software, Swisslog Healthcare enables healthcare providers to respond to patients’ needs quickly and with greater accuracy. The company minimizes many sources of operational waste, so providers achieve higher levels of productivity to impact the well-being of patients in positive ways. For more information, visit www.swisslog-healthcare.com.

Contacts

Erica Fetherston

10 to 1 Public Relations

erica@10to1pr.com
(480) 676-9141

Sofia Ashley

10 to 1 Public Relations

sofia@10to1pr.com
(480) 468-3349

The new report, “Building Inclusive & Sustainable Communities,” showcases Daniels’ commitment to enhancing accessibility in new home construction, both within the communities they build and across the real estate industry.

Highlights from the 2023 report:

• Completed 38 new accessible homes through Daniels’ Accessibility Designed Program (ADP) for a total of 198 ADP suites since launch of the program in 2017 and invested $217,000 in support of initiatives that accelerate accessibility.
• Spent $550,000 in social procurement, by engaging 43 local suppliers and artists of which 90 per cent are diverse suppliers.
• Trained and secured employment placements for 27 youth in two neighbourhoods through the CRAFT and Moving Towards Opportunity (MTO) Programs which generated $211,000 in local economic development.
• Launched MPV2, Brampton’s largest low-carbon master-planned community, under the Daniels Decarbonization Roadmap, released in the same year.
• Published four carbon labels in three new communities launched in 2023.

TORONTO–(BUSINESS WIRE)–The Daniels Corporation (“Daniels”), one of Canada’s pre-eminent builders and developers, recognized for its commitment to city-building and social impact, proudly presents its 2023 impact report. This report is a testament to the company’s unwavering dedication to fostering inclusive and sustainable communities.

The comprehensive report, entitled ‘Building Inclusive & Sustainable Communities,’ enumerates Daniels’ distinctive approach to real estate development and construction. Over its 40-year commitment to shaping a better tomorrow, Daniels has focused on social impact initiatives and strides toward decarbonization.

Daniels uses its business as a positive force, enriching communities by valuing people, partnerships and the planet.

With focus on progress made in 2023 around Daniels’ groundbreaking social impact and sustainability initiatives, this year’s report shines a spotlight on Daniels’ trailblazing journey into creating more accessible buildings and communities, propelled by the launch of its Accessibility Designed Program (ADP) in 2017.

“At the heart of this report lies a compelling narrative of using our business as a positive force, exemplified by Daniels’ pioneering efforts to enhance accessibility in new home construction. With a keen focus on innovation, equity and transparency, we demonstrate through this report that Daniels is not only reshaping its own practices but also setting a new standard for the industry,” said Heela Omarkhail, Vice President of Social Impact, The Daniels Corporation.

Building Inclusive Communities

In 2023, Daniels developed new initiatives and partnerships while building on existing ones to deliver on its social impact framework of creating affordable and accessible housing, investing in local economic development and building social infrastructure.

Daniels further strengthened its commitment to social procurement as a tool to create local economic opportunities by supporting the capacity-building of emerging businesses, social enterprises and diverse suppliers, and creating space for them to build their expertise and grow. A powerful example has been the company’s work with InfiniGuard Security and Protections Inc., a Regent Park-based social enterprise security company founded by local resident Murwan Khogali, since 2021. Starting with short term, occasional contracts for event security to ongoing contracts to commercial patrols, in 2023 InfiniGuard successfully secured the concierge services contract at Daniels’ Artworks Tower and Artsy Boutique Condominiums. In 2023 alone, $292,000 in local economic development was generated by InfiniGuard with a total of $700,000 in economic impact since 2021.

Furthermore, Daniels has made significant investments to support artists, entrepreneurs and not-for-profit organizations through its Social Impact Commercial portfolio, to create opportunities for individuals and groups to access commercial space at subsidized lease rates. For instance, Wanasah, a not-for-profit mental health agency addressing urgent mental health needs of Black youth and their families, moved into one such commercial office space in Regent Park.

Building Sustainable Communities

In February 2023, with the launch of the Daniels Decarbonization Roadmap, Daniels outlined a performance-based plan to drastically reduce the carbon footprint for the company’s next two development-cycles. The strategy is an industry-first in quantifying and reducing Whole Life Carbon emissions from real estate development. With a data-driven approach to reducing the carbon impact of its communities, the goal is to reach Near-Zero Whole Life Carbon — a transformational level of emissions reduction — for all new communities starting development in 2026.

As part of this strategy and Daniels’ commitment to educating homeowners and tenants, the company has implemented the voluntary disclosure of emissions performance through the creation of a unique carbon label for each of its new communities coming to market. The carbon labels help homeowners and tenants understand the carbon impact of the homes Daniels is building and enhances accountability to the Decarbonization Roadmap commitments. The creation of carbon labels demonstrates Daniels’ environmental stewardship and commitment to meeting emissions reduction targets.

“The launch of our Decarbonization Roadmap is the start of a process to operationalize our values. Our industry needs to transition to net zero as quickly as possible, without increasing the affordability challenges that we are all struggling with. We believe that the path to get there will be grounded in an intentional and data-driven strategy that produces steady progress in all aspects of how we build. As a leader in our industry, we are committed to this journey while sharing our progress in an open and transparent way,” said Adam Molson, Vice President, The Daniels Corporation.

Inclusion by Design

In 2017, Daniels responded to a critical need within the real estate development industry by launching its groundbreaking Accessibility Designed Program (ADP). This initiative emerged from invaluable feedback from homebuyers, revealing a significant gap in accessible housing options. The feedback underscored the scarcity of new homes tailored to meet mobility and other accessibility requirements.

Recognizing its unique position to address this pressing need, Daniels embarked on a transformative journey. Exceeding conventional standards outlined by the Ontario Building Code (OBC) for barrier-free homes, Daniels sought to redefine what it means for a home to be truly accessible. Through extensive consultations with the accessibility community and industry experts, Daniels gained profound insights into the lived experiences of individuals with disabilities, seniors aging in place, and those seeking more inclusive living spaces.

Daniels’ ADP set a new benchmark for accessibility in North America. Going beyond mere compliance, this program elevates the standard for inclusivity in home design and construction.

By prioritizing accessibility features, the ADP standard ensures that multi-residential communities developed and built by Daniels are not only accessible but truly inclusive.

The 2023 Impact Report unveils a comprehensive Spotlight Report titled “Inclusion by Design,” offering an in-depth exploration of Daniels’ ongoing accessibility journey and the remarkable progress achieved over the past six years.

“It’s never been more important for us at Daniels to stay focused and act on our commitments to building thriving communities that foster inclusion and sustainability,” said Jake Cohen, Chief Operating Officer, The Daniels Corporation. “We are in a transformational moment, what we do today and how we do it will impact the future of our communities for generations to come. As we continue to listen and learn alongside the communities we build, we will continue to push barriers and reimagine the way we build vibrant and resilient communities,” added Cohen.

To read Daniels’ 2023 Impact Report, please visit https://danielshomes.ca/social-impact/.

About The Daniels Corporation

The Daniels Corporation is one of Canada’s pre-eminent builders/developers, building nearly 40,000 new homes across the Greater Toronto Area for over 40 years. Daniels is the developer of TIFF Bell Lightbox in Toronto’s Entertainment District and the City of the Arts community on Toronto’s East Bayfront. Among its many initiatives, Daniels partnered with Toronto Community Housing to revitalize 53 of the 69-acre Regent Park community in Toronto. Regent Park is home to the World Urban Pavilion, a collaboration between the Urban Economy Forum, UN-Habitat, Canada Mortgage and Housing Corporation and Daniels. Understanding that quality of life is created by much more than physical buildings, Daniels goes above and beyond to integrate building excellence with opportunities for social, cultural, and economic well-being.

Contacts

For more information or to request an interview, please contact:
Emma McNally

Kaiser & Partners

Emma.McNally@kaiserpartners.com
647.786.5890

Partnership complements Saint-Gobain’s mission to be the leader in light and sustainable construction; Opens new markets for TimberHP products

MALVERN, Pa.–(BUSINESS WIRE)–Saint-Gobain, through its building products subsidiary CertainTeed Inc., and TimberHP, a manufacturer of insulating wood composites, today announced that they have entered into a collaborative relationship, which will enable CertainTeed to distribute TimberHP’s wood fiber insulation products in North America, including as the exclusive distribution partner in Canada. Executed in close collaboration with NOVA by Saint-Gobain, the company’s venture arm, this partnership will continue to drive Saint-Gobain’s vision to be the worldwide leader in light and sustainable construction and will improve its own sustainable offerings and readiness to respond to customer needs.

TimberHP, located in Maine, is a startup company that grew out of a partnership between two entrepreneurs—Matthew O’Malia, an award-winning architect with a reputation for developing high-performance, cost-competitive designs; and Dr. Joshua Henry, a materials chemist with years of experience elevating solutions to conserve energy and produce renewable energy. They utilize residual wood chips and hydroelectricity to manufacture nature based sustainable insulation solutions from wood fiber, which aligns with Saint-Gobain’s global sustainability goals. When fully launched, the offering will include loose fill, batt, and rigid board insulation products.

“Driven by our Purpose of Making the World a Better Home, this exclusive partnership with TimberHP enhances the sustainable solutions we are bringing to our stakeholders throughout Canada,” said Julie Bonamy, Chief Executive Officer, Saint-Gobain Canada. “This is a welcome addition to Saint-Gobain Canada’s light and sustainable construction portfolio, which will further our vision to provide a full offering of building materials and solutions to our customers.”

“It is a huge vote of confidence in our technology and our team at TimberHP to partner with a brand as innovative and impactful as CertainTeed,” said Joshua Henry, Chief Executive Officer of TimberHP. “It is essential that we mold the future of construction to be exceptionally easy, effective, energy-efficient and sustainable, and we look forward to addressing those industry needs together.”

This exciting partnership comes as Saint-Gobain continues its commitment to growth and sustainability in North America. Last month, the company announced its third major acquisition in Canada in the last two years with its intent to acquire The Bailey Group of Companies, a leading Canadian manufacturer of commercial metal framing and building solutions. In addition, work is currently underway to upgrade equipment at CertainTeed Canada’s gypsum wallboard plant outside of Montreal, which will transition the plant away from fossil fuels to being powered by hydro-electricity, creating North America’s first and the world’s largest zero carbon production drywall plant (Scopes 1 and 2 emissions).

With TimberBatt and TimberFill products already available in the United States, CertainTeed and TimberHP are working closely to bring these solutions to the Canadian market in the near future.

About TimberHP

GO Lab, Inc. (dba TimberHP) is a manufacturing company that produces thermal and acoustic wood fiber insulation products for the residential and commercial construction market. Located at its Madison, Maine facility, TimberHP is the first—and only—company to manufacture insulating wood fiber composites in North America, building on a successful 20-year history of production in Europe. TimberHP insulation is manufactured from sustainably produced wood chip residuals, and is a high-performing, cost-competitive, scalable, renewable and carbon sequestering alternative to existing market solutions. When operating at full capacity, TimberHP Madison will produce almost 20 tons of product an hour, utilize over 250,000 green tons of softwood residuals per year, generate $168 MM of revenue, and employ 144 people.

About CertainTeed

With innovative building solutions made possible through its comprehensive offering of interior and exterior products, CertainTeed is transforming how the industry builds. As leaders in building science and sustainable construction, CertainTeed makes it easier than ever to create high-performance, energy-efficient places to live, work and play, so that together we can make the world a better home.

A subsidiary of Saint-Gobain, one of the world’s largest and oldest building products companies, CertainTeed has more than 6,900 employees and more than 60 manufacturing facilities throughout Canada and the United States. www.certainteed.ca

About NOVA by Saint-Gobain

NOVA, the external venture arm of Saint-Gobain, identifies forward-thinking startups around the world whose philosophies align with Saint-Gobain’s focus on sustainability and digital. It helps those startups nurture their ideas and grow their companies to scale through partnerships and investment. With a presence in Asia, Europe and North America, NOVA by Saint-Gobain connects the global startup community with the power, resources, and experience of Saint-Gobain to address the needs of today and challenges of tomorrow. Learn more by visiting https://www.nova-saint-gobain.com and www.saint-gobain.com.

About Saint-Gobain

Worldwide leader in light and sustainable construction, Saint-Gobain designs, manufactures and distributes materials and services for the construction and industrial markets. Its integrated solutions for the renovation of public and private buildings, light construction and the decarbonization of construction and industry are developed through a continuous innovation process and provide sustainability and performance. The Group’s commitment is guided by its purpose, “MAKING THE WORLD A BETTER HOME”.

€47.9 billion in sales in 2023

160,000 employees, locations in 76 countries

Committed to achieving net zero carbon emissions by 2050

Contacts

Peter Clark (+1) 603 513 8513

DUBLIN–(BUSINESS WIRE)–The “Canada Construction Market Size, Trend Analysis by Sector, Competitive Landscape and Forecast to 2028” report has been added to ResearchAndMarkets.com’s offering.

The construction industry in Canada is expected to decline by 3.1% in real terms in 2024, amid high construction prices, a shortage of skilled labour, monetary tightening, and a fall in building permits. According to Statistics Canada, the total value of building permits issued in the country declined by 8.8% in 2023, with the number for residential buildings falling by 15.4% during that period.

The negative growth is also attributed to the cessation and delays of construction activity of various projects. For instance, in December 2023, the local energy company World Energy GH2, reported that its CAD16 billion ($12 billion) hydrogen plant – which was originally scheduled to be completed by 2025 – is now facing delays due to construction and financing contingencies. The project is now expected to be completed by 2026.

The analyst expects the Canadian construction industry to rebound at an annual average rate of 2.3% during 2025-28, supported by developments in the energy, transport, industrial, and residential sectors. Growth will also be supported by the government’s plan to achieve 100% zero-emission vehicle sales by 2035, including interim targets of at least 20% by 2026 and at least 60% by 2030.

In January 2024, the Japanese automobile manufacturer, Honda, reported that it is planning to build an electric vehicle (EV) plant in Ontario, costing a total of CAD18.4 billion ($13.8 billion) by 2028. In another boost to the industry’s output, in November 2023, the government launched the CAD2 billion ($1.5 billion) Critical Minerals Infrastructure Fund, aimed at supporting mineral extraction and production in the country and providing funding until 2031. Additionally, in February 2024, the Minister of Energy and Natural Resources announced plans to boost mining activities in the country by slashing the permit time from 12-15 years to 5 years.

The industry’s growth over the forecast period will also be supported by investments in public housing projects, in line with the government’s target to build 5.8 million houses by 2030. Among the recent developments, in February 2024, the government announced funding of CAD2 billion ($1.5 billion) for financing and accelerating the housing construction.

Previously in December 2023, the Royal Bank of Canada announced CAD9.3 billion ($7 billion) for financing affordable housing construction across Canada. Furthermore, in February 2024, the British Colombia government announced CAD3.9 billion ($2.9 billion) of financing support for boosting the construction of houses throughout the state.

Scope

• Historical (2019-2023) and forecast (2024-2028) valuations of the construction industry in Canada, featuring details of key growth drivers.
• Segmentation by sector (commercial, industrial, infrastructure, energy and utilities, institutional and residential) and by sub-sector
• Analysis of the mega-project pipeline, including breakdowns by development stage across all sectors, and projected spending on projects in the existing pipeline.
• Listings of major projects, in addition to details of leading contractors and consultants

Reasons to Buy

• Identify and evaluate market opportunities using the analyst’s standardized valuation and forecasting methodologies.
• Assess market growth potential at a micro-level with over 600 time-series data forecasts.
• Understand the latest industry and market trends.
• Formulate and validate strategy using the analyst’s critical and actionable insight.
• Assess business risks, including cost, regulatory and competitive pressures.
• Evaluate competitive risk and success factors.

Key Topics Covered:

1 Executive Summary

2 Construction Industry: At-a-Glance

3 Context

• 3.1 Economic Performance
• 3.2 Political Environment and Policy
• 3.3 Demographics
• 3.4 Risk Profile

4 Construction Outlook

• 4.1 All Construction
• Outlook
• Latest news and developments
• Construction Projects Momentum Index
• 4.2 Commercial Construction
• Outlook
• Project analytics
• Latest news and developments
• 4.3 Industrial Construction
• Outlook
• Project analytics
• Latest news and developments
• 4.4 Infrastructure Construction
• Outlook
• Project analytics
• Latest news and developments
• 4.5 Energy and Utilities Construction
• Outlook
• Project analytics
• Latest news and developments
• 4.6 Institutional Construction
• Outlook
• Project analytics
• Latest news and developments
• 4.7 Residential Construction
• Outlook
• Project analytics
• Latest news and developments

5 Key Industry Participants

• 5.1 Contractors
• 5.2 Consultants

6 Construction Market Data

7 Appendix

For more information about this report visit https://www.researchandmarkets.com/r/slv1se

About ResearchAndMarkets.com

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