Rose Paving Acquires NVM Paving and Concrete

BRIDGEVIEW, IL. (April 19, 2023) — Rose Paving has acquired Northern Virginia and Maryland Paving and Concrete (NVM), headquartered in Fairfax, Va. NVM is a multi-state pavement maintenance company with facilities in Maryland, Virginia and South Carolina. Rose Paving is a premier pavement services provider, based in the Chicago area, with facilities in Arizona, California, Colorado, Florida, Georgia, Illinois and Tennessee. All members of the NVM management team will remain with the company moving forward.

“We have worked closely with Mark Barbaro and the entire NVM team for many years now,” said Ed Campbell,
President and Chief Executive Officer of Rose Paving. “We are delighted that we could bring such a great
group of people into our family. Rose and NVM is a wonderful pairing.”

NVM President Mark Barbaro agrees.

“There has been a lot of consolidation in the paving industry over the last 24 months or so,” Barbaro noted. “Many people contacted me, but I knew that there was one opportunity out there that would be the best for me and for all the great people who have made NVM special, and that was Rose Paving.”

NVM is the fifth acquisition Rose Paving has made since 2015. In November, 2022, Tenex Capital
Management invested in Rose Paving. 

About Rose Paving

Founded in 1969 and headquartered in Bridgeview, IL, Rose provides professional preventative and restorative pavement maintenance services to businesses throughout the United States, Canada and Puerto Rico. Rose performs its services nationally through its now nine offices and a network of alliance members. Rose delivers its services to retail, hospitality, health care and apartment companies with multiple locations. For additional information, please visit www.rosepaving.com.

 

About NVM

Founded in 1985 and headquartered in Fairfax, VA, NVM provides high-quality pavement solutions across multiple industries. Originally focused in the DC-Maryland-Virginia (DMV) region, NVM expanded into North Carolina and South Carolina in recent years. The company’s crews now perform work throughout the entire Mid-Atlantic and Southeast region.

 

About Tenex Capital Management

Tenex Capital Management is a private equity firm that invests in middle-market companies. Tenex uses an inhouse team of hybrid investment professionals skilled in operational leadership, investing, and capital markets structuring to maximize long-term value creation. Tenex’s deep operating experience allows the firm to collaborate with management teams to capitalize on business and market opportunities. Tenex has successfully invested in a diverse range of industries, including industrials, business and tech-enabled services, healthcare, building products, and auto aftermarket, among others. For additional information, please visit http://www.tenexcm.com

 

Contact Information

708-430-1100 tel
708-430-9100 fax
http://www.rosepaving.com
7300 W. 100th Pl. Bridgeview, IL 60455

Fexa Acquires Trakref to Expand Facilities Management Platform into Sustainability Compliance

Today, Fexa expands its capabilities to address mounting regulatory and compliance risks with the acquisition of Trakref, a leading refrigerant tracking and management software provider.

The future of retail and facilities management is facing unprecedented uncertainty. With looming regulation from the EPA and the SEC’s new carbon reporting requirements that are expected to be announced this year, companies must navigate once-in-a-lifetime cost and compliance pressures in the face of economic headwinds, increasing sustainability goals, and rapidly changing customer needs that are pushing facilities and assets to their limits.

“Fexa was founded on the principle that innovative technology can play an essential role in helping companies maximize the potential of their facilities,” said Kurt Smith, CEO of Fexa. “We felt uniquely positioned to help the industry solve the immediate challenge of tracking and managing refrigerants. We did an exhaustive search for the best solution to solve this problem, and it became clear that there is no equal to Trakref’s rules engine in terms of providing a fully compliant, audit-ready solution. Ensuring a seamless transition for all customers and partners is our top priority.”

Typically, cost management and compliance are addressed separately, but these growing challenges demand a holistic approach. With these added capabilities, Fexa will deliver a comprehensive solution that empowers facility owners, operators, and service providers to manage facilities efficiently, maximize the longevity and performance of assets, meet compliance regulations, and deliver against sustainability goals.

“We have seen how the Fexa CMMS platform has helped multi-site businesses manage their facilities more cost-effectively. The Fexa platform is extremely efficient and created more than a 35% reduction in clicks to process a work order within my organization. The addition of Trakref is a natural evolution of their platform, as refrigerant compliance will require tight coordination between facilities managers, service providers, and HVAC/R assets,” said Chris Jernigan (CJ), executive managing director of Cushman & Wakefield Facilities Solutions. “I have first-hand experience with both platforms, and the possibilities of this partnership are very exciting for our clients. It’s the true definition of synergy being created between two great solutions. Fexa should be commended for listening to the market in terms of the real needs of facility managers and taking action to bring this solution together all within one platform.

”The combined company will continue to make its unique products and services available independently to customers and partners across the retail, grocery, healthcare, financial services, data center, real estate, and food services industries as they rapidly innovate to deliver new, integrated capabilities. Fexa and Trakref will continue to value and pursue extensibility with other systems, platforms, and service providers, so that customers have choice when it comes to finding the best solutions for their needs.

“We are ecstatic to join forces with Fexa, who believes in our mission of slowing climate change through better refrigerant tracking and management and helping clients gain control over their HVAC/R activity,” said Ted Atwood, founder of Trakref and now chief compliance and sustainability officer of Fexa. ”We remain committed to creating innovative solutions to stop costly refrigerant leaks for the planet’s health and the safety of people everywhere. We will continue to work with a broad group of constituents, clients, and partners as we pursue this vision.”

Last year Fexa announced it had raised $40 million to support the acceleration of product development and enhance customer support. Since then the team has roughly doubled in size, so it is prepared to accelerate the roadmap, integrate acquisitions, and invest in a next generation, integrated solution. Fexa now serves more than 1.8 million facility locations across the U.S. and Canada, having grown more than 90% over the past year.

For more information on Fexa’s plans to solve the increasingly complex cost and compliance challenges that facility operators and service providers face with the unique capabilities of Trakref, visit https://fexa.io/fexa-ceo-announces-trakref-acquisition

About Fexa

Fexa is a facilities management enterprise SaaS solution dedicated to making it simpler for facilities and operations teams to achieve greater efficiency and ROI. The company’s highly configurable platform utilizes a flexible workflow engine to serve customers in a wide range of markets, including retail, healthcare, automotive, quick serve restaurant, e-commerce logistics, convenience, and broker or self-performing service providers. From work order, location and asset management to complex project management, the Fexa platform enhances and automates business and operational priorities through purpose-built, highly flexible software, tools and support. Fexa is easy to use, flexible and wicked smart. For more information about Fexa, visit https://fexa.io/

About Trakref

Trakref is a leading provider of refrigerant tracking and management software that simplifies compliance and ESG reporting. The company’s platform offers a comprehensive solution for managing refrigerants, reducing compliance risk, and achieving sustainability goals. Learn more about Trakref at https://trakref.com/

Let’s Pave Welcomes Chris Walsh as Vice President of Sales

OAK BROOK, Illinois (April 10, 2023) — Let’s Pave, a leading national exterior services provider, is pleased to announce that Chicago-based sales and marketing veteran Chris Walsh has joined the company as Vice President of Sales reporting directly to CEO C.B. Kuzlik.

As part of the executive leadership team, Chris will help guide overall business strategy as well as directly oversee the company’s complete sales and marketing mix, including sales process and talent acquisition, business development, as well as the implementation of all enterprise-wide sales capture tools.

Chris has decades of sales and marketing experience in a variety of industries including commercial construction and maintenance management services and hospitality. He brings a consistent track record of profitable YOY sales growth by creating highly effective cross-functional sales teams that drive maximized national and regional top-line revenues and successful customer retention.

“This is a key position for the future of our company,” said C.B. Kuzlik. “Chris has a wealth of knowledge and experience. As Let’s Pave continues our rapid growth, his sales leadership and proven ability to build top-performing sales teams will advance our pursuit to disrupt the status quo and exceed expectations.”

“Let’s Pave has an outstanding culture, a well-established reputation, and proven success,” said Chris Walsh. “I am excited to build on this solid foundation to enhance our sales processes and drive continuous improvement and innovation.”

About Let’s Pave

Let’s Pave provides end-to-end parking lot solutions and related services to commercial properties nationwide. Supported by a team of experienced professionals, Let’s Pave offers best-in-class service and rapid response to asphalt and concrete parking lot needs anywhere in the country. For more information, visit https://www.letspave.com/

 

Contact Information

Jessica Bordelon
Marketing Director
Let’s Pave, LLC
https://www.letspave.com/

804-332-4276

jbordelon@letspave.com

SMG Continues its Strategic Growth with Launch of New Division.

[MANASQUAN, N.J., March 31, 2023] — As part of its strategic growth, SMG Holdings LLC has announced the launch of a new division, SMG Clean™. SMG Clean™ will improve cleanliness with less cost and time by focusing on a wide range of janitorial services including both reactive and reoccurring support that includes preventative maintenance, specialty, and window cleaning for multi-site clients.

“Our ongoing vision is to integrate our core service capabilities to meet the growing needs of our valued clients,” said Jason Menser, Executive Vice President of Strategic Initiatives. “SMG Clean™ will complement the services being offered through SMG Facilities™ as well as align with SMG Energy’s commitment to the environment”.

Shannon Prato, Chief Executive Officer commented: “SMG has been extremely fortunate in successfully supporting large multi-site clients for nearly 30 years; we understand the space and have established a history of service excellence. We are in an excellent position to establish a new division that we feel addresses a current deficiency of providing quality, efficiency, and productivity of custodial cleaning and maintenance programs in the multi-site space.”

SMG Clean™ is the janitorial division of SMG Holdings LLC, a privately held facility services, real estate and investment firm focused on integrated facilities management, energy and sustainability solutions and services, strategic sourcing, and procurement.

The move follows SMG’s recent announcement of a new corporate headquarters in Red Bank, New Jersey.

SMG Clean™ will be exhibiting at the upcoming ConnexFM National Conference in Grapevine, Texas on April 2-5, 2023. ConnexFM is the authority on Retail and Multi-site Facilities Management and leading membership organization for facility managers and supplier professionals. Learn more at www.national.connexfm.com

About SMG Clean™

SMG Clean™ delivers multi-site companies customized janitorial services provided by an established network of local, expert teams, all centrally managed through one point of contact. We partner with clients to establish and achieve savings and sustainability strategies while focusing on driving down costs, mitigating risk and improving overall operational performance. Learn more at www.SMGClean.com

About SMG Facilities™

SMG Facilities™ is an industry-leading, woman-owned, integrated facilities management (IFM) company committed to client success by providing comprehensive professional services and extensive expertise in facilities maintenance, construction, project management, disaster, and emergency response to multi-site businesses throughout North America and Europe, the Middle East, and Africa (EMEA). Learn more at www.SMGFacilities.com

About SMG Energy™

SMG Energy™ delivers multi-site companies customized energy and sustainability solutions that lower costs, manage risk, and improve brand position. We partner with clients to establish and achieve proven energy-saving and sustainability strategies (ex. decarbonization targets) while maintaining a unique focus on driving down energy spending, increasing visibility, and improving overall operational cost savings. Understanding our client’s sustainability goals, cost drivers, and consumption profiles, we help to identify, analyze, and achieve sustainability and ESG metrics that meet their financial targets. Learn more at www.SMGEnergy.com

SMG Holdings LCC Media Contact

Erica Davis, Director of Marketing +1.603.547.7051 Email: edavis@smgfacilities.com

SOURCE SMG Holdings LLC

Ecotrak Announces Latest Funding Round

[IRVINE, CALIFORNIA, February 9, 2023]Ecotrak, the leading intelligent facility and asset management platform, today announced its latest bridge round of funding, which will be used to accelerate Ecotrak’s aggressive growth plans in product development and innovation. The round was led by Gala Capital Partners and included investments from Rellevant Partners.

Ecotrak’s SaaS offering enables multi-location businesses to automate repairs and maintenance, manage work orders, assets, and service providers. Ecotrak’s differentiated data-driven software aggregates data to intelligently prevent equipment failures, keeping businesses efficiently running. The technology is revolutionizing the restaurant industry by reducing equipment downtime, increasing productivity, and saving restaurants money on repairs and maintenance so they can focus on the guest experience.

“This round of funding propels us into the next phase of Ecotrak and we are proud to partner with these notable investors,” said Matt Singer, CEO. “We are in fantastic company with a team that has deep experience fueling high-growth restaurant concepts and technology.”

Rellevant Partners is a private equity firm focusing on the lower middle-market, providing growth equity to the restaurant, restaurant technology, and food & beverage industries. Rellevant was founded in 2019 by Janice Meyer and Jessica Kates and is based in New York.

Gala Capital Partners is a private investment firm based in Southern California founded by long-term restaurant operator, entrepreneur, and investor, Anand Gala. The firm invests in or acquires real estate, software, and emerging restaurant franchise brands. Current investments include Altametrics, Lunchbox, Plate IQ, Perfect Software, Cut & Dry, Simple 123, Rusty Taco, Dunn Brothers Coffee, Cicis Pizza, and MOOYAH Burgers, Fries & Shakes.

The investment comes on the heels of significant growth for Ecotrak in 2022, adding more than 10,000 locations and over 13,000 service providers to its platform. With Ecotrak’s asset first philosophy combined with predictive analytics and automation, Ecotrak is reducing the downtime of critical equipment and creating a solution so smart that nothing ever breaks.

“Between labor shortages, supply chain issues, construction lead times and increasing operating costs, Ecotrak’s intelligent facility management solution is helping restaurants reduce uncertainty and plan for the unknown with rich business intelligence data,” said Janice Meyer, Co-Founder and Managing Partner at Rellevant Partners.

“We are thrilled to partner with Matt and the Ecotrak team to support their mission of simplifying facilities management and empowering businesses with actionable data to make better business decisions,” said Jessica Kates, Co-Founder and Managing Partner at Rellevant Partners.
To learn more about Ecotrak Facility Management Software, visit www.ecotrak.com.

About Ecotrak

Ecotrak is the premier Facilities Management SaaS platform – revolutionizing facilities using an asset first methodology, mobile-first technology, and a data first approach. Founded in 2018 and headquartered in Irvine, California, Ecotrak’s mission is to empower businesses with actionable information to make better business decisions. Customers such as Inspire Brands, Flynn Restaurant Group, Texas Roadhouse and Dutch Bros save thousands per month on repairs & maintenance and increase efficiency using the platform. For more information, visit ecotrak.com.

Ecotrak Media Contact

Shawna Moore
Director of Marketing
shawna@ecotrak.com
(310) 365-7634

MCS Broadens Commercial Property Service Offerings With Acquisition of Chain Store Maintenance

LEWISVILLE, Texas–(BUSINESS WIRE)–MCS (or the “Company”), the national property services Company founded in 1986, announced today it has acquired industry-leading commercial facilities services firm Chain Store Maintenance (“CSM”). MCS’s interior commercial facility services platform will be marketed as Chain Store Maintenance – an MCS Company, offering the core interior maintenance services that CSM is known for. Exterior facility services will continue to be marketed under MCS. In addition to expanding the Company’s overall commercial services offerings, the acquisition enhances MCS’s ability to serve its residential clients in the mortgage servicing and single-family rental industries with an expanded network of service providers and its growing network of self-performing service centers.

“From pricing, sourcing and contracting through project management, work order completion and quality control, this partnership will result in enhanced capabilities across the commercial property services spectrum that we believe will exceed client and vendor expectations.”

“We strive to be a true ‘go-to’ facilities services provider and fostered this partnership with Chain Store Maintenance to enhance our ability to provide customers with best-in-class interior and exterior services at all levels across the commercial and residential property services industries by leveraging MCS’s self-performing service centers and our combined, extensive vendor network,” said Craig Torrance, Chief Executive Officer of MCS. “Our expertise in exterior maintenance combined with CSM’s impeccable reputation for interior maintenance services adds value to the existing customer base across both firms. John Catanese and Steve Hopkins have spent over 30 years building the CSM brand and take great pride in their hands-on, client-focused approach to doing business. MCS is thrilled to merge our commercial services platform as we further our mission to be the nation’s premier property care company.”

Founded in 1991, CSM began developing a service provider network and customer base across its native New England and quickly grew to include coverage down the East Coast and later into the Midwest and Western U.S. Today, CSM has agreements to provide facilities services to more than 130,000 client locations across the country and in Canada, Puerto Rico and Guam with an expansive network of qualified contractors that now totals over 30,000.

The core CSM H.E.L.P. interior offerings – Handyman, Electrical, Locksmith and Plumbing – represent the bulk of company’s service requests, augmented with pest control, backflow services and fire extinguisher programs. From order entry to invoice generation, CSM systems accommodate a wide variety of emergency and standard facilities needs and will integrate seamlessly with MCS’s established systems, provider network and regional service centers. Catanese and Hopkins will remain with the company with Catanese serving as Senior Vice President of Business Development and Hopkins as Senior Vice President of Operations.

“We started this business over 30 years ago and have always been committed to providing our customers with responsive service, consistent communication, competitive pricing and the highest quality work,” said Catanese. “This next chapter in our evolution promises to deliver an expanded commercial service offering bolstered by the latest technology and the ability to self-perform in key markets, setting a new standard throughout the lifecycle of every job.”

MCS’s hybrid service model combines an expansive network of local service partners with the company’s own network of self-performing service centers and the use of innovative technologies to ensure transparency, enhance quality control and code compliance, and maximize efficiencies. The vendor network in place at CSM will complement the already vast MCS network to provide an even more robust suite of offerings for commercial and residential properties including handyman, electrical, locksmith and plumbing, as well as landscaping, snow removal and parking lot maintenance. The established processes, existing technology platforms, and accessibility to local trade professionals and MCS’s own team of service technicians give commercial owners/operators a one-stop-shop for an efficient, tech-forward services program.

With Chain Store Maintenance becoming our platform for interior commercial property services, we will elevate our position in the market while adding value for our customers,” said Andrew Nolan, President, Commercial and Residential Rental Services for MCS. “From pricing, sourcing and contracting through project management, work order completion and quality control, this partnership will result in enhanced capabilities across the commercial property services spectrum that we believe will exceed client and vendor expectations.”

About MCS

MCS is a leading property services provider working across Commercial Properties, Single-Family Rentals, and the Property Preservation industry. For over 35 years, MCS has been committed to responsive care, industry-leading service standards, leveraging technology, and end-to-end transparency to protect, preserve and serve communities across the country. Some of the largest and most respected mortgage servicers, real estate owners and operators, and corporations trust MCS to perform property inspections, preservation, maintenance, renovations, and other property-related services. Learn how MCS is Making Communities Shine at mcs360.com.

About Chain Store Maintenance – an MCS Company

Since 1991, Chain Store Maintenance (CSM) has been a proven and trusted leader in facilities services to the retail, restaurant, financial, health care and hospitality industries throughout the U.S., Canada, Puerto Rico and Guam, working with them directly and through middleware providers. In February 2023, CSM was acquired by MCS to serve as the primary commercial property services platform for interior trades. Learn more at ChainStore.com.

Contacts

Media:
Great Ink Communications
212.741.2977
MCS@greatink.com

CS Hudson’s Award Winning Pop-Ups for Good Keeps the Smiles Coming in Its Fourth Year

Homeless Children of All Ages Treated to an Immersive “Winter Wonderland” & Shopping Spree

NEW YORK CITY – (January 25, 2023)CS Hudson – a leader in experiential pop-ups, shop-in-shops
marketing campaigns and activations – is pleased to announce the fourth annual installment of the
Pop-Ups for Good Live.Laugh.Love event. Along with sponsors such as Medallion Retail, FASTSIGNS of
Upper Saddle River
, Tanger Outlets and Sequel Timex Group, CS Hudson once again delivered a
complete, immersive retail experience for Long Island children, of all ages, in-need this past holiday
season.

Held on Thursday, December 15, 2022 at Tanger Outlets in Riverhead, New York, this most recent Live.
Laugh. Love.
See video. Activation upheld CS Hudson’s mission to stay at the forefront of innovative retail, all while
consistently giving back to local communities. 2022 was no exception, as four groups of children from
HELP Suffolk – a homeless housing facility and subsidiary of HELP USA – were bussed in for a truly once-
in-a-lifetime holiday experience. Ranging in ages from 2 ½ to 18 years old, these children were then able
to select their favorite toy and enjoy a day filled with a variety of interactivities and festive fun.

With a Willy Wonka style “golden ticket in hand the children were able to experience a life-sized insta-
gramable snow globe selfie station, a winner take all e-sports gaming tournament, a buy online pick up
in-store experience (BOPIS) and so much more. Smiles beamed on the faces of all those in attendance,
as CS Hudson and it’s partners helped to create an interactive experience where many of these children
were able to “shop” for their very own toys, often for the first time.

“Pop-Ups for Good continues to further support our long-held mission to leverage our retail pop-up
expertise to bring awareness and support to socially charged causes,” said CS Hudson co-founder and
co-CEO, Joseph Scaretta. “Our goal for last year’s, fourth annual Live.Laugh.Love. activation was to
create a whimsical toyshop experience where children of all ages could come to a store built just for
them, leaving their fears or frustrations behind, and experience the freedom to choose – to pick any gift
they wanted, to focus on having fun, and – perhaps most importantly — to have the space to just be a
kid and the event was a resounding success.”

In leveraging CS Hudson’s retail expertise, strategic partnerships and national reach to help support
positive initiatives Live. Laugh. Love. effectively married the firm’s knowledge and experience with the
goal of acting for social good. In fact, through such philanthropic initiatives, CS Hudson is capitalizing on
growing national trends showcasing that modern consumers are evolving in the ways they shop each
and every day – where they are now looking for intimate product experiences to meet in-store
expectations. By pairing pop-ups with this social and community-focused outreach, CS Hudson has once
again helped to elevate the pop-up model– a concept that brands, sellers, charities and individual
consumers alike now naturally gravitate toward and can all benefit from.

Live.Laugh.Love. 2022 was a resounding success, garnering publicity from media including web and
radio outlets. Building on the continued momentum of the Pop-Ups for Good program – which endured
even through the COVID-19 pandemic and social distancing of years prior – CS Hudson plans to
continually expand its partnerships and footprint to open pop-up stores throughout the United States ,
benefiting charitable causes along the way. The firm is currently seeking and vetting interested
nonprofits, brands and collaborators to expand the program’s reach in the years to come.

To learn more about the program or partnership opportunities available, please contact cs4good@cs-hudson.com. For more information, visit www.cs-hudson.com/cs4good.

About CS Hudson: CS Hudson is a leading facility, project and program management firm headquartered
in Hauppauge, New York. CS Hudson serves nationwide facilities, capital projects, and immersive
activations for the retail, restaurant, healthcare, industrial, and commercial sectors. CS Hudson partners
with companies ranging from start-ups to Fortune 500s throughout the U.S. to provide a tailored
approach – not only meeting but exceeding the needs of its clients – with unique concepts, brands,
budgets, challenges and goals process. Industry-renowned experts at CS Hudson design customer-
centric, value-engineered service and solution programs driven by a deep understanding of the brands
the company serves. In addition to the company’s core services, CS Hudson experts provide project
development, implementation and management programs that streamline processes, reduce expense
and mitigate risk through a commitment to understanding individual client needs. With deep roots in
retail, facilities and construction, CS Hudson has a passion for giving back to the community, which has
made CS Hudson a trusted advisor and partner to some of the world’s most successful enterprises. For
more information, please visit www.cs-hudson.com.

Media Contact:
Daniela Idarraga
DIdarraga@CS-Hudson.com
Direct: 631.406.5574

Fexa Welcomes New CEO to Take the Company into the Future of Facilities Software Solutions

Fexa, a SaaS solution for facility maintenance departments and service providers looking to improve efficiency and cost effectiveness, announced that Kurt Smith has been appointed as CEO. Smith will lead Fexa’s growth and expansion plans in 2023 which include exciting new product developments, more robust support for clients, and the acquisition of new accounts that will continue to partner with Fexa to evolve solutions to future-proof all areas of facilities management including automating customized workflows for peak efficiency; budget, pricing and billing requirements for maximum cost savings; and predictive reporting and analytics for asset and service compliance.

MULLICA HILL, N.J. (PRWEB) January 12, 2023 — Fexa, a SaaS solution for facility maintenance departments and service providers looking to improve efficiency and cost effectiveness of their operations, announced today that Kurt Smith has been appointed as CEO. Smith transitions into the role formerly held by CEO and company founder, Marc Balzamo, who has led Fexa since its inception in 2011. Balzamo will continue with Fexa both on the board and as the chief technology product officer (CTPO) where he will focus on critical product innovations to launch Fexa into the future and ensure the solutions meet the needs of customers for many years to come.

Prior to joining Fexa, Smith worked for several years in general management as the chief product officer for FastSpring. Prior to FastSpring, he served as an operating principal at Accel-KKR Consulting Group and led engagement teams for McKinsey & Company. Smith was awarded his MBA from the Wharton School at the University of Pennsylvania in strategic management.

“I’m very excited to be joining Fexa at this critical time in the company’s development,” said Smith. “Fexa stands at the inflection point to disrupt an industry served by legacy incumbents that aren’t innovating at today’s speed of business and haven’t been able to connect and optimize the relationships between operators and providers. Fexa was purpose-built to respond to these challenges and provide the agility and product innovations that make everyone’s job easier, smarter, more efficient and more cost effective.”

Fexa has been growing due to continued expansion of its global customer base, along with a $40 million investment in July from Mainsail Partners, a growth equity firm that invests in bootstrapped software companies. The addition of a new CEO is the next natural step as new leadership continues to guide and support the company in the next stages of growth and evolution.

“When I approached our board to recommend this transition, Kurt’s experience in scaling software businesses is exactly what I had in mind for my successor, and what Fexa needs at this time,” said Balzamo. “His vision and expertise will take us to the next level and elevate our product and service offerings to expanded markets and partnerships. Kurt and I will be working closely together to ensure a smooth transition of responsibilities, and I am excited to dedicate myself to continued product innovation in my new role as CTPO. Of course, I will always remain available to clients as I have developed many close relationships with them over the years.”

Smith will lead Fexa’s growth and expansion plans in 2023 which include exciting new product developments, more robust support for clients, and the acquisition of new accounts that will continue to partner with Fexa to
PRWeb ebooks – Another online visibility tool from PRWeb
evolve solutions to future-proof all areas of facilities management including automating customized workflows for peak efficiency; budget, pricing and billing requirements for maximum cost savings; and predictive reporting and analytics for asset and service compliance.

About Fexa

Fexa is a facilities management SaaS solution dedicated to making it simpler for facilities and operations teams to achieve greater efficiency and ROI. Fexa’s modern, intuitive platform utilizes a highly-configurable workflow engine to serve customers in a wide range of markets, including retail, healthcare, automotive, quick serve restaurant, e-commerce logistics, convenience, and broker or self-performing service providers. From work order, location and asset management to complex project management, the Fexa platform enhances and automates business and operational priorities through purpose-built, flexible software, tools and support. Fexa is easy to use, flexible and wicked smart. http://www.fexa.io

About Mainsail Partners

Mainsail Partners is a growth equity firm that partners with founders of bootstrapped software companies to help them realize their potential. For nearly 20 years, Mainsail has been helping management teams navigate the challenges and opportunities that come with rapidly scaling a software company. The firm includes women and men who are former software company operators who have seen these challenges first-hand. Mainsail offers assistance across a variety of functional areas including talent, finance, customer success, sales and marketing, product management, and R&D. With offices in Austin and San Francisco, the firm has raised over $2.2 billion in committed capital and invested in more than seventy companies. For more information, visit http://www.mainsailpartners.com or follow the firm on LinkedIn.

 

Contact Information

Dianna Hart
Fexa
http://www.fexa.io

1 888-615-0403

 

Online Web 2.0 Version

You can read the online version of this press release here.

New Book on Inspiring Your Team to #BeBetter Creating an Empowering, Nurturing, and Purpose-Driven Organization

Award-winning CEO and entrepreneur Michael Kurland writes about what it takes to be a successful leader in his new book Broken to Better: 13 Ways Not to Fail at Life and Leadership (Scribe Media; July 19, 2022). It’s part business book, part memoir written to motivate and inspire readers to take positive action and become the purpose-driven leaders they desire to be.

 

“Back in the early 2000s, I lacked any sense of purpose. I basically had hit rock bottom in both my personal life and career, and if I didn’t do something about it,” writes Kurland about his early years, “I knew I would never be happy with myself.”

 

So began a journey that led Kurland to a period of self-examination, laying the groundwork for a new vision for his life and guiding him to both professional and personal triumphs.

 

In Broken to Better Michael details how he made informed decisions that would bring about the changes he wanted. He quit his job, adopted a healthier lifestyle and moved from NY to Calif. to launch his business, which would eventually become the award-winning facilities management company, Branded Group.

 

“I had to get out of my old ways of thinking,” Kurland says about these initial actions. “It was definitely a risk to pack up everything and head to the West Coast, but if I wanted to change the trajectory of my life, I knew the changes needed to be radical. I needed to challenge the status quo, get out of my comfort zone and start with a clean slate.”

 

It was during this time that Kurland’s 13 principles for being a successful leader in an evolving business climate began to take shape. Some of these principles include consistently expanding your network of contacts, making a difference through innovative social impact programs and developing a culture of inclusiveness and empathy. These principles would influence every interaction he had with others and every decision he made in his business and personal life.

 

Kurland writes, “One of my biggest realizations at the start of the journey was that I couldn’t separate my personal and professional worlds. When you seek improvement, it’s important to #BeBetter in all aspects of your life—to be a better CEO, manager, employee, friend, coworker, or whatever shoes you fill.”

 

“This is not a book about white-knuckling your way to the top,” he says. “Rather it’s a book about taking a critical look at how you can become the best version of yourself so that you can do good for others. If this book can help someone else rise above their challenges and #BeBetter, then I’ve achieved my goal.”

 

Broken to Better: 13 Ways Not to Fail at Life and Leadership is available at Amazon and BN.com.

PoreShield Protects Concrete Walkways at the Indiana State Fairgrounds & Event Center

Safe and sustainable soy-based technology enhances concrete durability long-term

 

INDIANAPOLIS (July 13, 2022) — PoreShield (SME-PS) concrete durability enhancer is protecting exterior concrete walkways and patios at the Indiana State Fairgrounds & Event Center. As a renewable, soy-based product, PoreShield is a cleaner alternative to petroleum-based solutions that is safer and easier to apply and increases the service life of concrete five-to-nine times longer.

PoreShield was first applied in July 2021 to concrete pavements outside the Glass Barn, a unique educational center filled with fun, interactive exhibits on Indiana farming at the Indiana State Fairgrounds & Event Center. Soon after it was applied to the walkways outside of the Farmer’s Coliseum and surrounding buildings.

Made from U.S.-grown soybean oil, PoreShield is one of more than 1,000 soy-based products currently on the market. Production of 1.5 gallons of PoreShield requires one bushel of soybeans, creating another use that drives demand for Indiana – and U.S.-grown soybeans – as its use adoption grows for protecting new and existing concrete from premature damage long-term.

During the Indiana State Fair and other events throughout the year, the concrete walkways at the Indiana State Fairgrounds & Event Center are subject to several potential sources of damage. Livestock biowaste, food/beverage waste, freeze/thaw and deicing salts can all contribute moisture and ions that can comprise the pore network of concrete, causing premature damage and deterioration.

Applied topically, PoreShield absorbs deep into concrete and creates a fluid, hydrophobic barrier inside the pore network of concrete. Once absorbed into the concrete pores, PoreShield blocks fluid and ion ingress and provides long-lasting concrete protection.

“As a first-of-its-kind technology, PoreShield actually enhances the durability of concrete by offering protection from the inside-out,” said PoreShield Technical Lead Paul Imbrock. “Since it does not set or cure, PoreShield continuously self-seals and adjusts to new damage as it occurs providing enhanced concrete durability for 10 or more years.”

In addition to the long-lasting protection the technology offers, applicators at the Indiana State Fairgrounds & Event Center were also impressed with how easy PoreShield was to apply. Matt Keller, marketing outreach manager for the Indiana Soybean Alliance was one of the applicators who applied PoreShield SME-PS to the walkways surrounding the Glass Barn facility.

“It took all-in probably five hours to apply the PoreShield using backpack sprayers and cans of the product,” said Keller. “It went on easily and smoothly as we sprayed it over the surface – it was really simple.”

The Indiana Soybean Alliance (ISA) developed PoreShield in partnership with the Indiana Department of Transportation (INDOT) and Purdue University. ISA and the United Soybean Board support its expanded use through checkoff funds.

As a soy-based concrete durability enhancer, PoreShield offers safe and sustainable concrete protection. PoreShield is also a low-VOC, nontoxic and low-odor solution for enhancing concrete durability. Plus, the technology doesn’t require hazardous waste cleanup and no PPE is required.

“One of the biggest benefits of PoreShield is that it is safe for the environment and for those applying it,” said Keller. “You don’t have to worry about wearing a breathing apparatus and there’s no need to be concerned with any kind of runoff and how it affects the general public or plant life and waterways around you.”

To see the PoreShield-treated walkways first-hand, visit the Indiana State Fair Friday, July 29 through Sunday, August 21, 2022.

To learn more about PoreShield, visit www.poreshield.com.