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Overview of DBM Global Inc. (DBMG)
DBM Global Inc., a subsidiary of HC2 Holdings Inc., is a diversified construction and engineering company renowned for its expertise in steel fabrication, erection, and integrated building solutions. Headquartered in the United States, DBM Global operates through a collaborative portfolio of companies, offering a wide range of services that span design, construction, and asset management. The company is dedicated to delivering sustainable value to its clients by combining innovation, advanced technology, and a client-centric approach.
Core Business and Offerings
At the heart of DBM Global's operations is its ability to provide end-to-end solutions for complex construction projects. The company's portfolio includes industry-leading subsidiaries such as:
- Schuff Steel Company: The largest steel fabrication and erection company in the United States, specializing in delivering high-quality steel structures for diverse construction projects.
- Schuff Steel Management Company: Focused on advanced project management and steel management systems to streamline construction processes.
- PDC: A provider of engineering and design services that emphasize precision and efficiency.
- BDS VirCon: A leader in 3D steel modeling, detailing, and BIM (Building Information Modeling) services, enabling seamless collaboration and project optimization.
- Aitken Manufacturing: Specializing in manufacturing solutions that complement the company's construction capabilities.
By integrating these subsidiaries' capabilities, DBM Global offers a comprehensive suite of services, including design-assist, design-build, engineering, fabrication, advanced field erection, and project management. This integrated approach allows clients to access all aspects of steel construction from a single source, ensuring efficiency, quality, and cost-effectiveness.
Industry Position and Competitive Edge
DBM Global operates in the highly competitive construction and engineering industry, where its emphasis on innovation, technology, and adaptability sets it apart. The company's use of state-of-the-art steel management systems and its expertise in BIM and 3D modeling enable it to deliver superior results for complex projects. Schuff Steel's position as the largest steel fabrication and erection company in the U.S. further solidifies DBM Global's market presence and reputation for excellence.
The company's collaborative approach and commitment to sustainable value creation make it a preferred partner for clients seeking reliable and innovative construction solutions. By leveraging its subsidiaries' specialized capabilities, DBM Global addresses a wide range of client needs, from conceptual design to project completion.
Technology and Innovation
DBM Global is at the forefront of technological advancements in the construction industry. Its subsidiaries' expertise in BIM and 3D modeling ensures precise planning and execution, reducing errors and improving project outcomes. The company's focus on innovation extends to its steel management systems, which enhance project efficiency and transparency. This commitment to technology not only differentiates DBM Global from competitors but also positions it as a leader in delivering cutting-edge construction solutions.
Conclusion
DBM Global Inc. is a comprehensive building solutions provider that combines expertise, technology, and innovation to deliver exceptional value to its clients. With a diverse portfolio of subsidiaries and a focus on integrated steel construction services, the company plays a pivotal role in shaping the construction and engineering industry. Its commitment to sustainability, efficiency, and client satisfaction ensures its continued relevance and success in a competitive market.
DBM Global Inc. (DBMG) has announced leadership changes in its financial department. Mark Koolis has been elected as the new Chief Financial Officer (CFO), while former CFO Michael R. Hill transitions to the role of Vice President of Finance while maintaining his position on the DBM Board of Directors.
The company's other key officers, including James R. Roach (Chairman and CEO), Robert N. Waldrep (Vice President), and Scott D. Sherman (Vice President, General Counsel, and Secretary), will retain their current positions.
Koolis, who joined DBM in September 2021 as VP of Finance and Administration, brings significant experience from his previous roles as CFO at Banker Steel (2019-2021) and NYCC (2016-2019), as well as senior financial positions at Hubbell Inc. He holds a BS in Business Administration and Masters of Science in Accounting from the University of Connecticut.
DBM Global subsidiaries Banker Steel and NYC Constructors have completed the structural steel phase for Terminal 6 at JFK International Airport. This marks a significant milestone in the $19 billion transformation of JFK into a world-class gateway. The new 1.2 million-square-foot Terminal 6 will feature ten gates, with the first five opening in 2026 and the remainder in 2028.
Banker Steel fabricated 17,000 tons of structural steel for the $4.2 billion redevelopment, including unique features like a 50-foot+ cantilevered eyebrow roof and two oculus skylights. The project faced challenges of constructing at a functioning airport, requiring careful coordination to minimize disruptions. Terminal 6 is designed with sustainability in mind, incorporating features such as PV solar panels and a stormwater reclamation system.
DBM Global Inc. has elected Stacy Reyan as a new Board member, enhancing their leadership team as they pursue growth. Current directors remain in their roles, while former director Robert V. Leffler, Jr. has completed his service. Chairman and CEO James R. Roach expressed confidence that Reyan's human resource expertise will drive shareholder value. Reyan, with over 25 years of experience in human resources, aims to align people strategies with business goals. DBM Global, based in Phoenix, Arizona, continues to provide integrated steel construction services worldwide, serving diverse markets including healthcare, commercial, and public works.
Schuff Steel Company, a subsidiary of DBM Global, has denied allegations made by the EEOC regarding widespread discrimination at its Eloy facility. The company asserts its commitment to a discrimination-free workplace and claims to have thoroughly investigated the allegations without finding supporting evidence. Confident in its defense, Schuff Steel looks forward to presenting facts in court to vindicate its practices. With a reputation as a leading structural steel builder in the U.S., Schuff Steel emphasizes its proactive approach to project management and construction.
DBM Global Inc. announced the election of Robert B. Holland, III as a new board member, enhancing the Board's expertise. Chairman James R. Roach noted that Holland's experience will contribute significantly to shareholder value amidst ongoing growth. Holland brings a wealth of experience as an executive and board member in various companies and previously served as the Executive Director of the U.S. at the World Bank. The announcement emphasizes the company's commitment to delivering sustainable value through its collaborative approach in sectors such as healthcare and construction.
DBM Global Inc. (OTC: DBMG) has announced a cash dividend of approximately $15 million, equating to $3.89 per share, to be paid on January 28, 2022. The dividend will be distributed to stockholders of record as of the close of business on January 14, 2022. This payment reflects the company's commitment to returning value to its shareholders as it operates in multiple international markets, providing integrated steel construction services.
DBM Global Inc. announced the election of two new Board members, Brian Goldstein and Holly Cindell, enhancing its leadership team. Brian, a former partner at PWC, brings extensive tax leadership experience, while Holly is a veteran in the construction industry with a strong background in project management. This change aims to bolster shareholder value amid ongoing expansion efforts.
DBM Global Inc. (OTC: DBMG) will pay a cash dividend of approximately $5 million, translating to $1.297 per share, on August 31, 2021. Stockholders of record as of August 16, 2021 will be eligible to receive the dividend. This payment reflects the company’s commitment to delivering value to its investors and highlights its stable financial performance. DBM Global provides integrated steel construction services across various sectors, including commercial, healthcare, and public works, with a global operational footprint.
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