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Robert Semchyshyn, Tri-Star Technical Ltd., Appointed to Manitoba Board of Electrical Examiners
June 8, 2022
Thermon announced it acquired Powerblanket, a North American supplier of heated blankets built upon patented heat spreading technology and portable industrial chillers. Powerblanket increases Thermon’s exposure to growing industrial and commercial end-markets through its freeze protection, temperature control and flow assurance solutions.
Thermon’s CEO and President Bruce Thames said, “The Powerblanket platform provides an opportunity for Thermon to deepen its presence in diverse end-markets with patented technology that complements existing Thermon solutions. Margins are expected to be accretive to the overall Thermon business, and we are excited about the opportunity to accelerate Powerblanket’s growth by bringing their solutions to market through our global sales network. We also see an opportunity to leverage Heat Authority, their online sales platform, to expand access to the commercial market for Thermon environmental heaters, accessories and other products. We are inheriting a strong and experienced team with a culture that aligns very well with Thermon’s core values of care, commit and collaborate. We look forward to welcoming the Powerblanket team to Thermon as we continue to build on the solid foundation the company has built over the last 17 years.”
Powerblanket recognized revenue of over $17 million in the fiscal year ended March 31, 2022. Thermon expects the transaction to be accretive to GAAP earnings per share in the first twelve months and will generate a return on capital in excess of its cost of capital in less than three years, consistent with its overall capital allocation goals. The acquisition was funded with cash on hand and borrowings under Thermon’s revolving credit facility.
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Contractors! You Deserve Better.
Contractors! You Deserve Better | Win $2,000 Grand Prize from LEDVANCE, THE WORLD'S LEADING VERTICALLY INTEGRATED LIGHTING COMPANY
OFFERING SYLVANIA AND LEDVANCE BRANDED LIGHTING PRODUCTS IN CANADA
You deserve better and LEDVANCE wants to make sure you know it. Enter for a chance to be one of over 190 winners with the grand prize including $2000 and a SYLVANIA Work Light!
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2021 Canadian Electrical Code Overview of Changes
CSA C22.1:21, Canadian Electrical Code, Part I contains many updates and changes that are potentially significant to electrical professionals. This online, self-guided course provides the key changes and impacts to the industry presented in an easy-to-follow format.
Designed for professionals with a good working knowledge of the Code and who solely need the key changes including general updates or those made for clarification, safety, and new products and systems. Key changes due to Rule relocation or deletion are also noted.
This course may help save valuable time to help keep electrical projects safe and in compliance. This training is developed with input from a broad cross-section of electrical industry experts and with cooperation from all provinces, territories and several key jurisdictions across Canada.
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The federal governemnt has officially launched a call for proposals (CFP) for the Zero-Emission Vehicle Awareness Initiative (ZEVAI). The initiative’s 2022 CFP will help fund new and innovative projects that aim to increase awareness and knowledge of ZEVs and charging and refueling infrastructure thereby increasing public confidence in these vehicles and their economic and environmental benefits.
Natural Resources Canada will provide funding through non-repayable contributions of between 50 and 75 percent of the total eligible project costs, with a maximum funding of up to $300,000 per project. The CFP will close on August 18, 2022.
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ETIM North America announced that OmniCable has joined the product classification standards organization. Headquartered in West Chester, PA, OmniCable has 24 locations throughout North America, and also owns Houston Wire & Cable (HWC). The company partners with many electrical manufacturers and only sells to distributors.
According to John Dean, Director of Marketing & E-Commerce, OmniCable/HWC, “The wire and cable industry is often called commodities, but there are very distinct features and attributes for the different products our manufacturers produce.
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Atkore Inc. announced that it has acquired United Poly Systems, a manufacturer of High Density Polyethylene (HDPE) pressure pipe and conduit, primarily serving telecom, water infrastructure, renewables, and energy markets.
“We are pleased to complete the acquisition of United Poly Systems, which strengthens Atkore’s product portfolio, expands our manufacturing capacity and further enables us to meet HDPE customers’ needs,” stated John Pregenzer, President of Atkore’s Electrical business. “HDPE pipe and conduit is a growing market that is expected to benefit from U.S. infrastructure legislation, and United Poly Systems is a great addition to Atkore. We welcome these employees and look forward to working together to continue to serve and support our customers.”
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Have you ever been called to fix the work of a 'handyman'?
"Was supposedly done by a"certified ' electrician....told the homeowner that he got a $266 permit....no record at TSBC. Can you count the deficiencies?"
"There is a second panel change in the triplex also.......even more deficiencies. Think the guy was a glorified handyman. Ones not obvious: 240 BB heat hooked up 120....drier on 2p20....range on 2p50....water heater fed with 2c14 Bx on 2p15."
Go HERE to join the discussion
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Copper $US Dollar price per pound
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