Latest news with #DCCM
Business Wire
25-07-2025
- Business
- Business Wire
Viper Innovations: Proud Winners of the Autonomous Dynamic Cable Inspection Competition
PORTISHEAD, England--(BUSINESS WIRE)--Viper Innovations has been selected as the winner of an Offshore Renewable Energy (ORE) Catapult's Floating Offshore Wind Centre of Excellence challenge, delivered in partnership with Flotation Energy and Simply Blue Group, to identify autonomous floating offshore wind turbine dynamic cable inspection solutions. The challenge was delivered through the Innovate UK Innovation Exchange (iX) programme. Viper Innovations has won a significant industry challenge for its dynamic cable monitoring technology, advancing reliability in floating offshore wind. Backed by Innovate UK and led by ORE Catapult with Flotation Energy and Simply Blue Group. The purpose of the competition was to identify innovative solutions for monitoring defects inside dynamic cables on floating offshore wind farms. Viper Innovations' entry builds upon their record of providing electrical monitoring and asset integrity solutions for a broad range of applications and industries. Daniel Denning, Viper Innovations Engineering Manager, said: 'Our journey through this initiative, part of the iX programme backed by ORE Catapult, highlights the importance of innovation in advancing floating offshore wind technologies. As the UK prepares for the deployment of approximately 1,000 dynamic cables over the next decade, Viper Innovations is proud to be at the forefront of delivering the solutions needed to improve reliability and accelerate the energy transition. 'We look forward to building on this success and continuing to work closely with Flotation Energy and the Floating Offshore Wind Centre of Excellence to support the future of offshore renewable energy – to push Dynamic Cable Condition Monitoring (DCCM) into its next phase, helping the sector overcome the challenges on the dynamic cable.' Emily Sarveswaran, ORE Catapult Dynamic Cable Strategic Programme Lead at ORE Catapult, said: "At ORE Catapult's Floating Offshore Wind Centre of Excellence, we were pleased to support Viper Innovations through the Innovation Exchange (iX) challenge. As the floating offshore wind sector moves toward commercialisation, condition monitoring of dynamic subsea cables is vital to ensuring long-term asset integrity and reducing operational risk. We look forward to continuing our support for Viper Innovations and the development of their solution." Viper Innovations' focus on insulation monitoring, insulation protection, and mechanical condition assessment for dynamic cables was particularly commended as addressing a critical and currently underserved need in the floating offshore wind sector. The winning solution from Viper Innovations, leveraging advanced technologies such as SSTDR and V-LIM, received excellent feedback from the judging panel. They recognised their expertise, the strong suitability of the technology to the challenge, and the innovative adaptation of proven insulation monitoring and reflectometry techniques from other industries, including subsea oil and gas. Rachel Nicholls-Lee, Flotation Energy Naval Architecture Technical Authority, said: 'Flotation Energy was delighted to partner with ORE Catapult in this challenge, supported by Innovate UK's Innovation Exchange (iX) programme. Innovation in floating offshore wind turbine dynamic cable inspection has many practical applications for floating offshore wind, and we were particularly impressed by Viper Innovations' suggested solution. We look forward to supporting them as they continue to develop this technology.' About the Offshore Renewable Energy (ORE) Catapult ORE Catapult is the UK's leading innovation centre for offshore renewable energy, established in 2013 by the UK Government as part of a network of Catapults set up by Innovate UK in high growth industries. Independent and trusted, with a unique combination of world-leading test and demonstration facilities, engineering and research expertise, ORE Catapult convenes the sector, delivering applied research, accelerating technology development, reducing risk and cost and enhancing UK-wide economic growth.
Yahoo
25-06-2025
- Business
- Yahoo
Court Square Capital Partners Announces Acquisition of DCCM
NEW YORK, June 25, 2025--(BUSINESS WIRE)--Court Square Capital Partners ("Court Square"), a leading U.S. middle market private equity firm, today announced it has acquired a majority stake in DCCM (the "Company"), a national provider of design, consulting, and construction management services. Based in Houston, Texas, DCCM is a diversified engineering services firm specializing in public sector infrastructure projects, including transportation, water, and power and utilities, among other key categories. The Company operates across 46 states with more than 1,100 employees. DCCM provides a comprehensive suite of services encompassing design and engineering, planning, surveying, permitting, and construction management and serves both public and private sector clients. Leveraging a team of experienced engineers with deep industry knowledge, DCCM delivers projects that meet the highest standards of quality and professionalism. "Jim Thompson and the entire DCCM leadership team have built a best-in-class company serving clients working on critical public sector infrastructure projects," said Joseph Silvestri, Co-Founder and Managing Partner at Court Square. "We are excited to support their continued expansion and enhance their impact in key markets." "Court Square is committed to building upon DCCM's strong foundation by expanding its capabilities and geographic reach," added Vivek Vyas, Partner at Court Square. "DCCM has a proven legacy of integration and collaboration, along with a strong track record of organic growth and strategic acquisitions. We look forward to supporting the Company's continued growth." "At DCCM, we pride ourselves on navigating complexity with precision and consistently delivering results. We're also grateful to White Wolf Capital for their foundational partnership and support," said Jim Thompson, Chairman & CEO at DCCM. "Court Square shares our commitment to operational rigor and strategic growth. We look forward to building on this momentum together in our next chapter." Houlihan Lokey Inc. served as financial advisor and Dechert served as legal advisor to Court Square on the transaction. Harris Williams served as lead financial advisor to DCCM and White Wolf Capital. AEC Advisors, through its registered broker-dealer affiliate AEC Transaction Services LLC, co-advised DCCM on the transaction. About Court Square Capital PartnersCourt Square is a middle market private equity firm with over 40 years' experience in the industry. Since 1979, Court Square has completed over 245 platform investments and is focused on helping Founders, Families, and Manager-owners to develop their companies into leaders in their respective markets. Court Square invests in companies that have compelling growth potential in the industrial, business services, healthcare, and tech and telecom sectors. As of March 31, 2025, Court Square has $10.1 billion in assets under management and is based in New York, N.Y. For more information on Court Square, please visit About DCCMDCCM provides integrated design, consulting, and program & construction management services focused on infrastructure development throughout North America. With a commitment to excellence and innovation, DCCM supports public agencies and private clients through a growing force of experienced professionals. DCCM is aggressively hiring key industry professionals in all disciplines and is actively seeking further acquisition opportunities throughout North America. For more information, please visit: View source version on Contacts Media Inquiries:Court Square Capital PartnersMaggie DuffySenior Vice President, Edelman Smithfieldcourtsquare@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
