Oak Brook, Ill. — Let’s Pave, a leading national provider of specialized paving services and solutions, has developed and released a lifecycle cost calculator for asphalt parking lots. The tool was generated to help facility managers secure proper funding for proactive parking lot maintenance. Calculations are based on a net present value financial analysis of a typical parking lot. The calculator enables facility managers and CFOs to run a similar analysis using actual data from their company for any asphalt parking lot. “It is common for businesses with multiple asphalt …
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— By Chris Murphy — Planning your successful painting program. As we begin the next season of reimage, repainting and rebranding, many facility managers will be using all their creativity to find the “magic” to maximizing budgets and facilities’ upkeep. That’s no easy task, and the answer isn’t as simple as deferring more maintenance or finding cheaper pricing. But there are tools that can minimize the challenges and ensure that your desired painting programs can move forward without breaking the bank. Utilizing a contractor who is already familiar and …
Louisville, Ky., and Perth, Australia — Yum! Brands, Inc. and Dragontail Systems Limited, an innovative provider of technology solutions for the food industry, have entered into a binding agreement under which Yum! Brands would acquire Dragontail for A$93.5 million in cash. The proposed acquisition is expected to close by the end of third quarter 2021. If successfully implemented, the addition of Dragontail to Yum! Brands’ growing technology portfolio is intended to give Yum! Brands the ability to scale Dragontail’s artificial intelligence (AI) kitchen order management and delivery technology globally. Australia-based …
Powerhouse Acquires Exterior Services Management Company DENTCO
Crowley, Texas — Powerhouse, a national construction, facilities maintenance and rollout service provider, has acquired DENTCO®, a national exterior services provider headquartered in DeWitt, Mich. The 44-year-old company offers a complete suite of all-season property management solutions addressing exterior services issues for active as well as idle facilities. This deal is Powerhouse’s second major transaction, resulting in it becoming one of the four largest national managed services companies in the exterior space. As a result of the partnership, all Powerhouse Exterior Services Management (ESM) programs will be powered by DENTCO, …
Dallas — Tango, the leader in Store Lifecycle Management (SLM) and Integrated Workplace Management System (IWMS) software solutions, has extended its partnership with Big Lots for 3 additional years. Big Lots, a national neighborhood discount retailer with 1,414 stores, is now a full lifecycle customer, utilizing all products in the Tango Retail suite including Predictive Analytics, Real Estate, Projects, Lease and Maintenance. “With the adoption of Tango Predictive Analytics, we now have a complete end-to-end solution to support our location and development strategy,” says Shannon Letts, senior vice president, real …
Chicago — 86 Repairs, an innovative platform that automates equipment repair and maintenance for restaurants, has named Sean Ramsey as its new head of revenue. Previously, Ramsey served as vice president of revenue at document drafting lifecycle tech company Litera. During his tenure at Litera, Ramsey was involved in seeing the company grow from 50 employees to over 400. He helped lead the company through multiple major acquisitions and two separate successful private equity exits. The company increased its annual growth rate from 5% to 30%, as well as annual …
Itasca, Ill. — Alamo Drafthouse Cinema, a dine-in cinema with movies, beer, food and events, has partnered with Fellowes and its air purifiers with patented technology. In light of the COVID-19 pandemic, Alamo asked Fellowes to assess its facilities in an effort to keep guests and staff in a clean and healthy environment they can trust and feel safe in. “Before we put AeraMax Pros in there, I was getting calls left and right about odor issues — but since then I haven’t had any of those same complaints,” says …
— By Carol E. Carey — Does your parking lot and exterior say your company is clean and inviting — or stark, dark and unsafe? Deciding not to keep your parking lot and building exteriors clean and fresh can be as devastating for your location and your reputation as having a dirty, unkept interior. Unfortunately, many times, parking lot, sidewalk and exterior building cleaning repair and maintenance are the bottom tier of the facility maintenance departments’ priority list. The unkempt lot, building and sidewalks/apron of the store is …
Pittsburgh — Evergreen Grease Service, Inc. has installed The Vector System in two of its semi-trucks, reducing carbon emissions from these trucks to near-zero, with plans to convert the whole fleet by 2022. This move is a major step towards Evergreen’s goal of reducing carbon emissions. Evergreen specializes in the collection of cooking oil, grease and waste fats from the commercial cooking and restaurant industry, and its partners process these waste products into biodiesel, a low-carbon alternative to traditional diesel. The Vector System, designed by Optimus Technologies, is a bolt-on …
Boston — Toast, the cloud-based, end-to-end technology platform purpose-built for the entire restaurant community, has appointed Elena Gomez as chief financial officer, effective immediately. As CFO, Gomez will lead Toast’s finance organization and will be responsible for accounting, treasury, financial planning and analysis, and business operations. “I am thrilled to welcome Elena to our executive team,” says Chris Comparato, CEO of Toast. “She is a proven business leader and financial executive with more than two decades of experience leading the financial operations of businesses sitting at the intersection of technology, …