Financing Available for Renewable Energy Projects of 500 kW to 25 MW

Conergy, a solar photovoltaic service and solution provider, has launched its Conergy Fund I program. The program, which provides financing to large-scale construction projects in the United States, makes the use of and savings from solar power a possibility to businesses.

With an initial target volume of $100 million and backing by Conergy’s main investor, Kawa Capital Management, The Conergy Fund I provides financing for solar power plants and qualified commercial projects with renewable energy capabilities between 500 kilowatts and 25 megawatts of power. The fund streamlines the financing process by managing the financial analysis, credit rating, administration and finance, billing, and collection of power purchase agreements (PPAs) on behalf of the project.

“The Fund is ideal for mid-to-large size organizations such as municipalities, school districts, utility companies, and investment-grade corporations because the savings achieved last for decades,” says Anthony Fotopoulos, CEO of Conergy Americas. “Not only are these entities reducing energy consumption, but the fixed energy prices secured through the PPAs are significantly lower than market prices for conventional grid power, providing additional savings to the end-user.”

Access to competitive financing that can monetize local and federal incentives is a key barrier to the widespread adoption of solar photovolatics (PV) via PPAs – only about 40 percent of commercial buildings or power plants are able to secure this financing. The fund bridges this gap by removing the funding barrier that has historically hampered organizations from installing photovoltaic (PV) systems on their facilities.

Through The Fund, Conergy and its partners also provide project development and engineering, procurement and construction (EPC) services, including engineering, design, and subsequent operations and maintenance management.

Kawa Capital Management acquired Conergy in August 2013 to create a globally unique player in the solar energy industry. Conergy’s expertise in providing complete solar energy solutions and Kawa’s established financial and management strategies were the groundwork for the Conergy Fund I program and will serve as the foundation for future financial solutions in the US electricity market.

“The Conergy Fund I program is the first step in a long relationship with Kawa. We already have five projects in the United States utilizing The Fund and expect to develop and acquire projects in other growth markets in 2014,” says Fotopoulos.

Verisk Analytics Expands Its Position in the Aerial Imagery Market through Acquisition of EagleView Technologies

Verisk Analytics Inc., a source of information about risk, has signed an agreement to acquire EagleView Technology (EVT) Corp., the parent company of Pictometry International Corp., and EagleView Technologies Inc. EVT is a provider in the United States of geo-referenced aerial image capture and visual-centric data analytics and solutions to insurers, contractors, government and commercial customers. The acquisition will accelerate Verisk’s position as a provider of data, analytics and decision support solutions based on aerial imagery.

Based in Rochester, N.Y., and Bothell, Wash., EVT was formed in January 2013 as a result of a combination of Pictometry International Corp., and EagleView Technologies Inc. The combined company maintains one of the most comprehensive image libraries, covering more than 85 percent of the U.S. population, more than 1 million square miles, and approximately 90 percent of total U.S. structures. EVT leverages this image library to provide proprietary solutions to property and casualty insurance, government, and a variety of other commercial markets. EVT has developed unique technology for image capture and processing, enabling understanding of physical property characteristics that can be used for valuation and risk management. With more than 24 petabytes of imagery-related data, EVT has established itself at the forefront of the market.

“The acquisition of EVT advances our position in the imagery analytics market, adding new municipal and commercial customers. The transaction supports the aerial imagery solution development that has been under way at our Xactware unit,” says Scott Stephenson, president and CEO of Verisk Analytics. “We believe we can build on the comprehensive coverage of EVT’s library to expand solutions to our customers, including underwriting and, over time, international solutions as well. We look forward to combining the strong business built by the EVT team with Verisk’s analytical capabilities and unparalleled customer relationships in the property/casualty insurance market.”

Jim Loveland, president and CEO of Verisk’s Xactware business, added, “We’re excited to welcome our new colleagues to the Verisk family and look forward to integrating their substantial knowledge and experience in imagery with our own. This acquisition will allow us to enhance our existing claims and underwriting software tools and expand the solutions we can offer to our existing property/casualty customers. We also intend to enhance solutions that EVT is currently providing to the municipal, government, and other commercial markets.”

“This combination is a natural culmination of the businesses we’ve built over the years and a win for our customers and employees,” said Chris Barrow, CEO of EVT. “Our teams stand ready to build on the strength of our existing solutions with the benefit of Verisk’s analytic expertise, customer relationships, and financial resources.”

The purchase price is $650 million to be paid in cash to stockholders of EVT. Verisk expects to receive approximately $25 million in tax benefits as part of the transaction. In addition, Verisk will reduce the cash payment by approximately $13 million to reflect an existing minority equity ownership in EVT. The transaction is expected to close by July 15, 2014, subject to the completion of customary closing conditions, including receipt of regulatory and shareholder approvals. Verisk expects to use cash on hand and available capacity under its revolving credit facility to fund the purchase. The transaction is expected to be neutral to adjusted EPS in 2014.

S-5 Announces Metal Plus as New Distributor

S-5!, a manufacturer of ancillary attachment technology for the metal roofing industry, has announced its most recent full-line distributor, Metal Plus LLC.

Metal Plus produces a line of standing-seam brackets designed to simplify temporary staging or scaffolding for metal roofing projects. Because the Metal Plus brackets allow contractors to get to work quickly and safely, they make an excellent platform for installing S-5! products. Pairing these two product lines, roofers, contractors and solar integrators can quickly and cost-effectively attach solar arrays, snow retention systems and other ancillaries to metal roofs without damaging the roof.

Rob Haddock, CEO at S-5!, feels confident the relationship is a good fit for both companies and states: “At S-5! we take innovation, development, thorough testing, and proper market introduction very seriously. We pride ourselves in providing only the best solutions in the metal roofing industry, and I have been impressed with Metal Plus’s commitment to the same.”

According to Mario Lallier, owner of Metal Plus: “We realize that becoming a distributor for S-5! marries two great products, destined to make life for metal roofing installers and contractors much easier. The synergy between metal roofs, S-5! clamps, and Metal Plus brackets equals cost and labor savings upwards of 15 to 25 percent.”

Englert Introduces Metal Roofing App

Englert Inc. has introduced its iRoofing app, which can be used on mobile devices to remotely order metal roofing plans. It also contains a roof visualizer that lets users photograph any structure with their mobile device and add an Englert metal roof with a wide choice of roofing profiles and colors. Brochures and catalogs can be reviewed; materials can be ordered; and technical information, like building approval forms and installation guides, can be accessed. In addition, the app includes other building materials that can assist in designing, specifying and pricing a project.

Gulf Coast Supply and Manufacturing Opens South Florida Facility

Gulf Coast Supply and Manufacturing has announced the grand opening of its 110,000-square-foot South Florida metal roofing manufacturing facility at 8200 Haywood Taylor Boulevard in Sebring, Fla. The opening comes a little more than two years after the company’s expansions to Alachua in North Central Florida and Stuart along the Southeast Coast.

The new centrally located South Florida Metal Roofing facility should prove to bring advantages to Gulf Coast Supply and Manufacturing’s strong Florida presence, especially as it relates to immediate product availability and improved delivery options. “Shipping from the middle of the state puts us in a position to be under two hours from either coastline, greatly enhancing our routes and flexibility,” says Vice President of Sales and Marketing Ray Bowen.

Gulf Coast Supply and Manufacturing will offer same-day pick up for metal roof panel orders in its 2-foot-wide traditional 5V Crimp and 3-foot-wide Gulf Rib Strong Panel. Metal roof trims, fasteners and accessories will also be available for all of its metal roof systems, just as they are in the company’s other locations.

Additionally, the company will now be able to offer its Gulf Coast Certified Hands-On-Training seminars for South Florida metal roofing contractors in a dedicated classroom on site at the new facility.

GAF Donates to Children’s Charity; Reveal to Take Place on Good Morning America

GAF has announced its assistance in the rebuild of the Memory Makers’ Building at Give Kids The World Village. Give Kids The World Village is a non-profit organization that exists to fulfill the wishes of children with life-threatening illnesses and their families from around the world. The organization allows them to experience a memorable, joyful, cost-free visit to Central Florida attractions and enjoy the magic of Give Kids The World Village. Good Morning America will be revealing the remodeled building with Ty Pennington on Jan. 24 between 8:30 a.m. and 9 a.m. EST.

“When GAF got the call to be a part of this rebuild we immediately said yes,” explains Alyssa Hall, marketing communications manager at GAF. “Give Kids The World is an amazing charity that has been changing the lives of children with life-threatening illnesses and their families for 28 years. GAF is proud to have put a new roof on their facility so they can continue to bring happiness and smiles to the deserving families and children from around the world.”

GAF Master Elite Contractors Collis Roofing and Roof Top Services donated their time and labor to install the new GAF Timberline roof, while ABC Supply in Orlando, Fla., donated delivery of the product.

Good Morning America’s live reveal of the rebuild with co-anchor Josh Elliott, Ty Pennington, and Chef Emeril Lagasse will have an exciting “Move that bus!” moment with all the contractors, employees and volunteers who made this happen.

OMG Roofing Products Is on Facebook

OMG Roofing Products has established a Facebook page.

The new page is designed to provide ongoing news and updates to the market. Planned content includes all information that supports the company’s brand promise of proving products and services that improve contractor productivity and enhance roof system performance.

As such, the page will focus on product and installation tips, upcoming webinars, trade shows and company activities, OMG field team information, as well as a variety of product and marketing programs and announcements.

MFM Building Products Receives U.S. Patent Approval for Adhesive

MFM Building Products, a manufacturer of a full envelope of waterproofing and weather barrier products for the building industry, is pleased to announce that the company’s PowerBond adhesive system has received US patent approval (Patent No. 8,603,629).

The patented PowerBond technology was developed to allow select MFM waterproofing membranes to be applied in temperatures as low as 25 F (3.9 C), while remaining stable at elevated temperatures. The dual layer/two-component PowerBond system has been incorporated into several of the company’s premium Peel & Seal, WindowWrap and underlayment products. PowerBond offers savings over other cold weather adhesive systems such as butyl and acrylic formulas.

PowerBond products adhere aggressively to the building substrate, provide self-sealing capabilities around fasteners, and will not crack or dry out for excellent waterproofing protection. The temperature range can be lowered further when using MFM Spray Adhesive during installation. MFM PowerBond products also offer an extended warranty of 12 years.

According to Tony Reis, MFM Sales & Marketing director, “We have seen tremendous growth with our PowerBond products, particularly WindowWrap PowerBond and Peel & Seal PowerBond White 250. Sales for these products have increased in both cold and warm weather markets.” Reis added that the PowerBond adhesive system can be applied to other MFM products as a special order item.

Brightsmith Coil Coaters Celebrates Anniversary, Advancements

Brightsmith Coil Coaters recently celebrated its fifth year in delivering high standards in coil coating. From its acquisition in 2008, the facility has continued to raise the bar in the industry, paying close attention to quality control to maximize customer satisfaction.

During the past five years, Brightsmith has taken large strides in improving operations, from adding high-tech equipment to mastering customer relations. “Our customers are incredibly valued, so we’ll stop at nothing to ensure they walk away with a product that they can trust,” says Frank Coffey, general manager of Brightsmith.

Upgrades in equipment have provided ample value to, not only the company, but most importantly, customers. A splicing unit for laminates was added to the production line in 2012. It replaces splicing that was done by hand and accommodates polypropylene and polyester films that are 0.5- to 8-mils thick. This process has significantly decreased material waste and improved timing and efficiency.

“Under Brightsmith’s lead as an energy-efficient manufacturer, we are always looking for ways to think green,” Coffey adds. “The new splicer creates less scrap waste, and that is a great thing for our customers and the environment.”

Sustainable advancements at Brightsmith also have included recycling solvents and water used in the coating process, as well as paint drums; reusing plastic ID rings that come off the ID of coils from steel mills for the packaging of painted coils being shipped out of Brightsmith; and using sponges for cleanup and changeovers at the coaters instead of rags. Sustainability at the facility even includes managing energy efficiency of machinery and lighting. As repairs are addressed, 480-volt motors on the process lines are replaced with energy-efficient motors rated at 98 percent efficient energy rather than the standard motor at 88 percent, and fluorescent lighting ballasts are replaced with energy-efficient ballasts instead of the old magnetic ones.

The capabilities of Brightsmith are diverse. Various materials can be run with thicknesses ranging from 0.008 to 0.10 and widths from 18 inches to more than 61 inches, depending on the substrate. Specializations in two- and three-color print systems, embossed plastisol, laminating, and two and three coat paint systems are readily available. Slitting, blanking, stucco, diamond and rough sawn cedar embossing are all obtainable options at Brightsmith. Additionally, Brightsmith utilizes the Henkel wet chemistry cleaning and pretreatments and single-coat dry-in-place treatments to ensure durability.

The introduction of BRIGHTSITE, a new tool that facilitates customers’ experiences with Brightsmith, has been useful in gauging company performance. The interactive website, controlled with a username and password, allows customers to access inventory and production reports at any time. The site is accessible through the Brightsmith homepage.

Efficiency improvements are steadfast at the Brightsmith facility with the addition of rail service in 2013. With each rail car holding 220,000 pounds of material, four tractor trailers are removed from the road. Increasing the company’s yields and widening customer options, the choice can now be made between truck or rail shipping based on an individual’s specific costs and timeframes.

With five years under its belt, Brightsmith’s vision remains unwavering with quality awareness at the forefront of its focus. The company will be offering increased cross training for its employees so they can discover the roles, technology and advancements. “Our staff has more than 400 combined years of coil coating experience,” Coffey notes. “We are taking these abilities and fostering growth to ensure our employees recognize Brightsmith’s uniqueness. In the end, our employees’ knowledge and skills ensure quality, on-time coated products for our customers.”

Mule-Hide Products Names New President

Jonathan Shepard has been named president of Mule-Hide Products Co. Inc., a manufacturer and marketer of low-slope roofing products and systems. He succeeds Daniel Piché, who was recently named vice president of national business development for ABC Supply Co. Inc.

Shepard comes to Mule-Hide Products from ABC Supply, where he had been low-slope business manager in the company’s Southwest Region. In that role, he was instrumental in the development and implementation of ABC Supply’s top-tier commercial roofing strategy in that region.

Previously he had been regional manager for the Southwest Region of Bradco Supply Inc. before Bradco was acquired by ABC Supply in 2010. A graduate of Texas A&M University, Shepard has a Bachelor of Science degree in industrial distribution.