CINCINNATI and WESTPORT, Conn., Sept. 27, 2023 /PRNewswire/ — Grand Valley Holdings, LLC, an independent sponsor focused on partnering with family-owned businesses in the Midwest, and an affiliate of Gemspring Capital Management, LLC (“Gemspring”), a middle-market private equity firm, are pleased to announce they have acquired OCI, LLC (“OCI” or the “Company”), a manufacturer of custom-built foundation drilling components primarily for the infrastructure and construction end markets.
The Gemspring investment was made by Gemspring Growth Solutions I, a fund dedicated to providing flexible, non-control capital solutions to middle market businesses. Financial terms of the transaction were not disclosed.
OCI serves as a one-stop-shop for geotechnical contractors’ needs, offering a wide product suite of foundation drilling components including steel casing, drill string, hammers, bits, augurs, core barrels, and swivels. The Company also provides value-added services such as consulting, project management, equipment rental, and equipment servicing, positioning the business as a turnkey solution for customers.
“In addition to offering a differentiated suite of products and services, OCI has built a reputation for world-class customer service, with the ability to efficiently manage complex, customized, and time-sensitive projects for its contractor and geotechnical service industry customers,” said Lachlan McLean, Founder of Grand Valley Holdings. “In partnership with Gemspring and the OCI leadership team, we intend to continue that legacy of unsurpassed customer support,” added Andrew Brennan, Partner of Grand Valley Holdings.
“Over the past 26 years, we’ve built a best-in-class business with customizable, project-critical products,” said Mark Kuenning, Co-Founder of OCI. “Grand Valley and Gemspring bring extensive experience partnering with family-owned businesses and we believe they are the ideal partners to support OCI as we look to expand our footprint and service offerings.”
Jay Reynolds, Managing Director at Gemspring, added, “OCI has a long history of providing foundational products and expertise-driven services that deliver tremendous value for customers. We are excited to work with Grand Valley and the talented team at OCI to execute on a shared vision and to build on the Company’s 26-year track record of success.”
About OCI: OCI is a marketplace leader in manufacturing a wide range of products to geotechnical service companies and foundational drilling contractors including micropile casing, drill string, hammers and bits, augurs, core barrels, swivels, and other customized products. Founded in 1998, the Company is headquartered in Brookville, PA, and has more than 70 employees. For more information, visit www.ocidivision.com.
About Grand Valley Holdings: Grand Valley Holdings is a Cincinnati-based acquiror of privately-held, family-owned businesses in the Midwest United States. The Partners of Grand Valley Holdings bring over 35 years of experience acquiring, developing, and operating private businesses. For more information, visit www.gvhllc.com.
About Gemspring Capital: Gemspring Capital, a Westport, Connecticut-based private equity firm with $3.5 billion of capital under management, provides flexible capital solutions to middle market companies. Gemspring partners with talented management teams and takes a partnership approach to helping drive revenue growth, value creation and sustainable competitive advantages. Target companies have up to $500 million in revenue and are in the aerospace & defense, business services, consumer services, financial and insurance services, healthcare services, industrial services, software and tech-enabled services, or specialty manufacturing sectors. For more information, visit www.gemspring.com.
Con una lista de eventos y experiencias de alto octanaje combinada con un clima perfecto, Abu Dhabi tiene algo para todo el mundo durante todo el invierno
ABU DHABI, EAU, 27 de septiembre de 2023 /PRNewswire/ — Experience Abu Dhabi, la marca de destino del Departamento de Cultura y Turismo de Abu Dhabi (DCT Abu Dhabi), ha lanzado hoy “Can’t Wait to Winter” (No puedo esperar al invierno), una campaña global que promete una experiencia inolvidable con eventos consecutivos para todos los gustos, combinados con un clima perfecto.
In the post-pandemic reset, shippers look to prevent future disruptions by optimizing supply chain business models and improving response velocity
CHICAGO, Sept. 27, 2023 /PRNewswire/ — Supply chains have largely recovered from the chaos and disruption linked to the spread of COVID-19, but global business leaders are determined to ensure no future black swan events cause pandemic-level impact, according to supply chain executives, directors and managers surveyed for a new IDC white paper* sponsored by project44, the leading supply chain visibility platform. To avoid future disruptions, leaders are prioritizing optimization initiatives that improve end-to-end visibility and response velocity to drive more agile performance and address business-critical risks. The Q1 2023 survey explored supply chain trends and challenges related to leveraging data, automation, artificial intelligence (AI) and machine learning (ML) to improve visibility and response velocity.
More than 1,000 respondents across multiple industries participated, including supply chain executives, directors and managers representing businesses with revenue of $100 million up to more than $1 billion in 14 countries located in the North America, Latin America, EMEA and APAC regions.
C-suite respondents ranked supply chain optimization to reduce costs as a top priority over the next 12 months. When asked where the greatest opportunity to optimize supply chains lies, respondents identified the ability to react more quickly when disruptions occur. Strikingly, this sentiment held true across all verticals, including automotive, industrial manufacturing, life sciences, retail, CPG, food & beverage, oil & gas, industrial chemical and building materials. Other key findings from the white paper:
There are huge opportunities to improve velocity: More than half of companies surveyed recognize that sharing information in a structured digital format improves supply chain performance and velocity, but less than half of logistics data is currently shared in that manner.
Lack of operational visibility is costly: Almost a third of survey respondents said the companies their companies overpay for logistics or lost sales/revenue due to lack of operational visibility in the supply chain.
Real-time visibility enables supply chains to harness advanced technology: Real-time visibility supports the use of automation, streamlined workflows, AI/ML, etc., to eliminate manual errors, reduce workloads and improve decision making at every stage of the journey.
Companies are investing in visibility solutions despite economic uncertainty: More than 72% of surveyed organizations are increasing visibility investments or holding them steady.
“Although taxed by constant incidents and friction like the current drought in the Panama Canal, supply chain economies have seen an adjustment back to pre-pandemic conditions,” said Michael Cucchi, SVP, Product Marketing, project44. “That’s why leaders are taking this opportunity to improve response velocity and cost efficiency — so they avoid ever seeing Covid-era failures, costs, and lost sales. It’s not possible without advanced real-time visibility combined with next-generation machine learning and automation.”
“Having a better understanding of key trends we’re seeing in supply chain technology is necessary to increase response velocity and accuracy on top of end-to-end visibility,” said Simon Ellis, supply chain lead analyst and Group VP at IDC. “Our research shows that the only way for companies to achieve that velocity and make more efficient and informed decisions is to improve visibility, information clarity and control over their supply chains. This data shows the majority of enterprises are prioritizing similar initiatives.”
The full white paper offers extensive details about the challenges and opportunities supply chain leaders are confronting today as well as actionable insight on how organizations can create efficiencies and mitigate risks to avoid disruptions in the future.
*Source: IDC White Paper, sponsored by Project44, Driving Response Velocity and Cost Efficiency with Supply Chain Viability, doc #US51214923, September 2023
About project44
project44 is on a mission to make supply chains work. As the supply chain connective tissue, project44 operates the world’s most trusted end-to-end visibility platform that tracks more than 1 billion unique shipments annually for over 1,300 of the world’s leading brands, including top companies in manufacturing, automotive, retail, life sciences, food & beverage, CPG, and oil, chemical & gas. Using project44, shippers and carriers across the globe drive greater predictability, resiliency and sustainability.
The undisputed leader in the market and innovator of Movement GPT, project44 was named the Leader in the Gartner Magic Quadrant, #1 in FreightWaves FreightTech 2023, a ten-time leader in customer satisfaction on G2’s Supply Chain Visibility Grid, one of SupplyChainBrain’s 100 Great Supply Chain Partners of 2022, and the Customer’s Choice in Gartner Peer Insights Voice of the Customer report. project44 is headquartered in Chicago with a diverse team spanning 23 global offices including Austin, Amsterdam, Kraków, Paris, São Paulo, Shanghai and Tokyo. Learn more at project44.com.
TrustCloud Business Intelligence helps GRC and Security professionals track and share how their trust program adds efficiency, reduces financial liability and risk, improves security, and drives revenue growth—proving to business leaders that GRC is a profit center
BOSTON, Sept. 27, 2023 /PRNewswire/ —TrustCloud™, the Trust Assurance platform that uses AI to upgrade GRC into a profit center, announced today the launch of TrustCloud Business Intelligence, a suite of dashboards and reports that equip GRC and Security leaders to track and share the business, risk, and financial impact of their trust programs.
TrustCloud Business Intelligence pulls in real-time data from TrustCloud’s compliance readiness, risk management, and security review applications and quantifies status and outcomes in easily digestible and shareable dashboards, so GRC and Security professionals can monitor the health of their GRC program, see their impact on revenue, and quickly align leaders when making a case for new budget requests. This suite of real-time business intelligence analytics and dashboards is available to all TrustCloud customers today.
CISOs face a number of challenges when trying to demonstrate their business impact and request budget: connecting their team’s activities to metrics leadership cares about like revenue, collecting relevant data from direct reports and colleagues on other teams, and unifying disparate projects and systems into a cohesive status update. For these reasons, GRC and InfoSec functions are often misunderstood and assumed to be cost centers. TrustCloud Business Intelligence is thoughtfully designed to meet the reporting needs of CISOs, and bridge the gap between practitioners and executives by tying GRC outcomes to their business and revenue impact.
TrustCloud Business Intelligence helps CISOs & GRC leaders:
Build alignment with their board of directors: TrustCloud BI translates risks to financial impact so CISOs can clearly present data to justify the business case for new or additional budget requests to address, manage, or mitigate risks and liability.
KPIs to reduce financial liability:
Residual financial impact over time
Financial impact vs. budget
Risk severity and financials by category and groups
Prove their impact on revenue: A strong GRC and Security program should be a revenue enabler for its organization. Now CISOs can prove the impact their work has on the acquisition process.
KPIs to prove revenue impact:
Revenue and opportunities accelerated
Traffic and interactions within the company trust portal
Most frequently viewed artifacts
Security review turnaround time over time
Track the health and progress of Governance and Compliance programs: CISOs have to have a grasp on the current state of their programs to make a strategic plan that will meet the needs of their business throughout its growth journey. BI gives CISOs what they need to understand their current state and see the gaps keeping them from their desired future.
Governance and Compliance KPIs:
Control, policy, and system status
Program gaps and recommended actions
Prioritized tasks
Audit readiness and gaps toward additional frameworks
Governance by group
“Everyone wants a secure environment that thoroughly protects their company and customers, but showing how to get there and why it requires investment isn’t always straightforward,” said Myke Lyons, CISO at Snyk. “Now, with TrustCloud Business Intelligence, it is. In a single click, I can see the health of our programs, understand where we need to take action, and actually show leadership our business impact in their favorite language: revenue. TrustCloud Business Intelligence helps CISOs justify the investments we make into GRC and showcase how our teams create value for Snyk’s business.”
“TrustCloud is empowering GRC leaders to upgrade GRC into a profit center through AI and applications designed to maximize operational efficiency, accelerate revenue and security reviews, and minimize financial liability,” said Sravish Sridhar, CEO and Founder of TrustCloud. “Now, TrustCloud Business Intelligence will equip these champions of trust to tell their story and prove impact to colleagues, leadership and board members. I’m so proud to usher in an era where GRC and GRC leaders will be recognized for their value and positive impact to their organizations.”
To learn more about the TrustCloud platform and request a demo of the Business Intelligence Suite, visit https://www.trustcloud.ai/.
About TrustCloud TrustCloud (https://www.trustcloud.ai) empowers businesses to grow with predictive, programmatic GRC that earns customer trust. Predictive intelligence and programmatic verification ensure that companies meet their customer, audit, and governance commitments so they can stay secure and grow their business. With the fastest, most cost-effective way to get audit-ready, answer security questionnaires and manage risk, TrustCloud turns GRC into a profit center.
NANCHANG, Chine, 27 septembre 2023 /PRNewswire/ — Récemment, la « Journée du Jiangxi » a été célébrée au Centre culturel chinois de Sofia, capitale de la Bulgarie. Cet événement a été organisé par le département provincial de la culture et du tourisme du Jiangxi autour du thème « un moment à partager » et « les paysages uniques du Jiangxi ». Des activités spécifiques à la province du Jiangxi, telles qu’une exposition de photos, une exposition de produits en porcelaine fabriqués dans la ville de Jingdezhen, l’opéra traditionnel Gan et la cérémonie du thé chinois, ont permis aux représentants et aux habitants de la région de vivre de riches expériences d’échange culturel.
Representatives and locals were visiting a photo exhibition to view scenery and learn about culture in Jiangxi.
Director general of Jiangxi Provincial Department of Culture and Tourism Mei Yi presided over the event.
Traditional Gan opera performance and Bulgarian song performance
La « Journée du Jiangxi » a débuté en Bulgarie avec des chants folkloriques classiques du Jiangxi, de l’opéra traditionnel de Gan et des chants bulgares. Diverses activités, dont une exposition de photos, des expériences en direct et des échanges culturels, ont permis aux Bulgares d’en apprendre davantage sur l’ouverture et le développement, les magnifiques paysages et la culture caractéristique du Jiangxi, et de promouvoir la communication entre les deux pays.
Ye Jianchun, gouverneur de la province du Jiangxi, a déclaré que depuis que la province du Jiangxi et le district de Sofia ont officiellement noué une relation de jumelage en décembre 2020, la coopération et les échanges entre les deux régions n’ont cessé de se développer et l’amitié entre les deux peuples de s’approfondir. Il a souhaité que cet événement renforce encore les échanges amicaux et la coopération entre les deux parties.
Au cours de l’événement, un protocole a été signé entre le district de Sofia et la province de Jiangxi, en vertu duquel les deux parties s’engagent à tirer parti de leurs avantages et à approfondir leur coopération économique, commerciale, agricole, culturelle et touristique.
NEW YORK, Sept. 26, 2023 /PRNewswire/ — The Protein Engineering Market size is projected to increase by USD 2.37 billion, accelerating at a CAGR of 15.42% during the forecast period, according to Technavio Research. The report analyzes the market’s competitive landscape and offers information on several market companies, including Agilent Technologies Inc., Amgen Inc., Bio Rad Laboratories Inc., Bruker Corp., Danaher Corp., Eli Lilly and Co., General Electric Co., GenScript Biotech Corp., Merck KGaA, New England Biolabs Inc., Novo Nordisk AS, PerkinElmer Inc., Promega Corp., Thermo Fisher Scientific Inc. and Waters Corp. This report offers an up-to-date analysis of the current market scenario, the latest trends and drivers, and the overall market environment. Request the free sample report here
Technavio has announced its latest market research report titled Global Protein Engineering Market 2023-2027
Protein Engineering Market 2023 – 2027: Company offerings:
Waters Corp.: The company offers protein engineering solutions for development and successful commercialization of protein-based biopharmaceuticals and diagnostic reagents.
Protein Engineering Market 2023 – 2027: Segmentation Analysis:
The market is segmented by Product (Instruments and Reagents), End-user (Pharmaceutical and biotechnology companies, Contract research organizations, and Academic research institutes), and Geography (North America, Europe, Asia, and Rest of World (ROW)).
Learn about the contribution of each segment summarized in concise infographics and thorough descriptions. View Free PDF Sample Report
Protein Engineering Market 2023 – 2027: Regional Analysis:
North America is expected to make a substantial contribution of 38% to the global market’s growth during the forecast period. In North America, the protein engineering marketplaces significant emphasis on its applications in the biopharmaceutical sector. The region’s expertise in drug discovery and developmental biology is driving the creation of new therapeutic proteins, including monoclonal antibodies, enzymes, and cytokines, thereby driving advancements in this field.
Protein Engineering Market 2023 – 2027: Driver, Trend & Challenge:
Driver – The global protein engineering market is experiencing growth driven by changing consumer preferences in the food industry towards healthier and more sustainable options. Protein engineering allows the development of proteins with improved nutritional profiles and reduced allergenicity. These factors are expected to fuel the market’s growth in the forecast period.
Trend – A significant trend influencing the market’s growth is the adoption of generative AI in protein engineering. The incorporation of synthetic AI methods is causing a revolution in the protein engineering landscape, presenting unprecedented prospects for advancing research and development across various domains. One noteworthy factor driving the adoption of generalized AI in protein engineering is its remarkable capability to significantly accelerate the process of designing and optimizing proteins.
Protein Microarray Market: The protein microarray market share is expected to increase by USD 1.48 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 8.92%.
Table of Contents:
Executive Summary
Market Landscape
Market Sizing
Historic Market Sizes
Five Forces Analysis
Market Segmentation by Product
Market Segmentation by End-User
Market Segmentation by Geography
Customer Landscapes
Geographic Landscape
Drivers, Challenges, & Trends
Company Landscape
Company Analysis
Appendix
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
