Tunnel Business Magazine

JUN 2018

TBM: Tunnel Business Magazine is the market leader for North America. TBM is written for leading professionals in all aspects of tunneling and covers project stories, design elements, contracting strategies, legal issues, new technology and more.

Issue link: http://digital.tunnelingonline.com/i/986315

Contents of this Issue

Navigation

Page 9 of 51

George Yo- ggy, a 50-year veteran of the concrete and shotcrete indus- try, passed away ch 27. Yoggy was a rec- ognized leader in the field, includ- ing serving as president of the American Underground-Construction Association (now UCA) and founder of the American Shotcrete Association (ASA), and was a frequent speaker and author. Originally from Johnson City Y., a college construction job in 1956 set Yoggy's career path. The contractor he worked for had a shotcrete division and he learned about the process on the fly. Eventually, Yoggy became the Eastern Division manager for the contractor's equipment manufacturing division, but in 1968, the desire to own his business took hold. He owned and operated Concrete Equipment Corp. and Shotcrete Plus Inc., a business engaged in the design, manufacture and supply of equipment for ground support, shotcreting and concrete placing sy American tunneling, repair and mining industry. In 1986, the company was ac- quire - tablished the Underground Construction group f ollowing his retirement fr continued working in the industry as a consultant and remained active in asso- ciations and conferences. Yoggy's work took him across the Unit- ed States and internationally. Some of his proje ter T ebanon and the Lehigh and Cumberland Gap Tunnels. In addition to UCA and ASA, Yoggy was involved in the International Tunnelling Association, American Concrete Institu He also served on the editorial advisory b from 2001 to 2013. "I am so thankful to have crossed paths with George. He was a mentor and dear friend to all of us," said Patrick Bridger, general manager for King Shot- crete Equipment. "George was a true colleague, friend and mentor, always with a smile and fantastic personality," said Lonnie Ja- cobs, project manager for Frontier-Kem- per Constructors. "The industry lost a legend and institutional knowledge that cannot be replaced." In Memoriam: George Yoggy B U S I N E S S B R I E F S 1 0 TUNNELINGONLINE.COM TBM: TUNNEL BUSINESS MAGAZINE // JUNE 2018 MAT Rebrands to BAUER MAT chanlagentechnik has been delivering state-of-the-art mixing and separation technology for over 25 years. Since April 1, 2018, the branch office of BAUER chinen GmbH has been oper- a Systems, underscoring its affiliation with the international BAUER Group. "We are now merging even more closely with the group, and this will also be reflected in our name. We are reposition- ing ourselves, and we're doing it together with Bauer," says Alexander Konz, branch manager a . With the new name, the company will take the next step in its future strategy. This will include strong growth in the international markets as well as significant expansion of the company's tunneling business. stems plans to further expand its core business of developing and manu- facturing state-of-the-art mixing and separation equipment for challenging specialist foundation engineering and tun- neling projects. By doing this and expanding the sales and service network, the company will be in an even better po- sition to tap the full potential of local markets in the future, according to Konz. "As a global player, Bauer has production and sales loca- tions in numerous countries around the world. I'm confident that both our customers and employees will benefit further from our increased cooperation," says Konz. Outwardly, the most visible change will come in the form of a new logo. Also, the company's web address changed to www.bauer-mat.de. Keller Group Acquires Moretrench Further to its announcement on Jan. 5, 2018, K ch 29 an- nounced that it has acquired the en- tire issued shar etrench Inc., a geotechnical con- tracting company operating predominantly along the East Coast of the United States, from its employee shareholders for $90 million. At the end of February, the business had net cash of $4.3 million. etrench has a strong heritage of complex geotechni- cal projects and in the year ended Dec. 31, 2017, had revenue of $168.3 million, operating profit of $11.3 million and EBITDA of $15.8 million (both excluding $2.8 million of charges relating directly to the Employee Share Ownership Plan and the trans- etrench's net assets as of Dec. 31, 2017, were $66.4 million. The acquisition was funded wholly in cash from Keller's existing borrowing facilities. Following the acquisition, Keller will be by far the most ca- pable geotechnical solutions provider on the East Coast and will be well positioned for the expected long-term renewal of infra- structure in the region. In addition, the acquisition gives Keller access to new niche geotechnical products as well as new indus- trial customers and should result in good revenue and cost syn- ergies. K etrench have partnered on a number of successful JVs in the past, which gives confidence in the mutual compatibility of culture and management approaches. ecutive of Keller, said: "The acquisi- etrench is in line with our strategy of growing our product range and building strong customer-focused businesses. I am confident this will be an excellent addition to Keller. We know the business well, its people, technologies and geographic focus complement Keller's existing businesses in the United States and there should be good synergies."

Articles in this issue

Archives of this issue

view archives of Tunnel Business Magazine - JUN 2018