The Welty Building Company Expands Upon its Current Market Success by Creating a Dedicated Energy & Infrastructure Business Unit

Welty Energy & Infrastructure plans to capitalize on its experience
and success for a growing market.

AKRON, Ohio–(BUSINESS WIRE)–The
Welty Building Company, proven partners in comprehensive building
services and construction management, today announced the launch of Welty
Energy & Infrastructure to expand upon its current market
success. Welty has developed significant experience and success while
serving these sectors for the past several years. The new business unit
will focus on regulated utility and renewable solar energy markets,
tunnels and wastewater projects east of the Mississippi River where
Welty will develop and build upon existing projects and relationships.

“We have been able to transfer our remarkable success using lean
building science in commercial building to the energy services and
utility infrastructure business where we have completed projects on and
ahead of schedule and budget,” said Bill Paolillo, Group President of
Welty Energy and Infrastructure. “Our mission is to continue increasing
energy reliability for the regulated utility customer by delivering more
projects faster, at a lower first cost than industry standard, superior
quality and lower operating costs. The market has pulled us towards
addressing the need for energy reliability, and with a new, dedicated
business unit, we are poised to capitalize on the growth opportunity.”
According to Bloomberg, over the next ten years $800 billion will be
spent on upgrading the reliability of the grid specific to the regulated
utilities and renewables.

Welty has pioneered the first implementation of a collaborative contract
in the energy transmission industry. This Lean Engineering Procurement
and Construction (EPC) arrangement provides for a profit at risk
partnership between Welty as the Construction Manager, the Client, the
Design Firm, and Key Trade Partners. Additionally, there is a
savings-generated, success-measured incentive pool, which is distributed
to the full team if key success metrics, such as safety and schedule,
are achieved. Welty will highlight a case study incorporating EPC for a
large regulated utility company at the Lean Construction Institute in
October.

In addition to energy, Welty is building upon its experience in tunnels
and wastewater construction management. Welty is partnered with Parsons
and Thomarios to provide construction management services on the Ohio
Canal Interceptor Tunnel (OCIT), the largest municipal construction
project in the history of the City of Akron, which will span 6,240 feet
and will be dug by a 325-foot tunnel boring machine.

For more information, visit: http://energy.thinkwelty.com.

About Welty Energy & Infrastructure

Welty Energy and Infrastructure works with investor-owned utilities
while partnering with industry leaders to efficiently and safely manage
the construction of transmission and substation projects east of the
Mississippi. Welty continues to work with large, regulated utility
companies to manage the delivery of energy transmission, control centers
and substations with proven results. With offices in Akron, Cleveland
and Columbus, Ohio and Houston, Texas, Welty delivers the most
extraordinary building experience by never being afraid to do what’s
right – since 1945. In addition to Welty’s work in energy and
infrastructure, Welty has had the distinction of creating many
prestigious community assets, including the world-renowned Goodyear®
Tire & Rubber Company’s new Global Headquarters, a multi-phased, massive
expansion to the Pro Football Hall of Fame, Kay Jewelers Pavilion at
Akron Children’s Hospital, the City of Akron’s Ohio Canal Interceptor
Tunnel, numerous academic buildings at the University of Akron and many
others. For more information, visit: http://energy.thinkwelty.com.

Contacts

Via Vera Group
Nikki DiFilippo, 216-780-0472
nikki@viaveragroup.com