PrecisionHawk Announces 5th Acquisition in 9 Months, Drone Industry Continues To Expand Services to Construction Vertical

Drones are transforming the construction process by decreasing the need for lengthy visual inspections, reducing planning time, and improving worker safety. To build on their construction services, PrecisionHawk has recently acquired Uplift Data Partners—their fifth acquisition in nine months.

Uplift Data Partners is a supplier of turnkey inspection services for construction, building information management (BIM) and real-estate. PrecisionHawk’s prior acquisitions include Droners.io and Airvid. In September it purchased both HAZON, Inc. and InspecTools Inc., which specialize in the delivery of inspection services and technology for the energy industry.

The trend of acquisition and consolidation within the drone industry highlights the rapidly evolving market and the race between entities to build scale and become the market leader.

This acquisition displays PrecisionHawk’s commitment to strengthening our technology and expertise in high-growth markets.

—Michael Chasen, PrecisionHawk, CEO

PrecisionHawk’s acquisition of Uplift comes less than a week after Delair announced their acquisition of Airware. Both PrecisionHawk and Delair are on the path to become market leaders as they continue to grow internally and through acquisitions. Through acquisition, PrecisionHawk and Delair continue to build scale to continue meeting the needs of multiple market sectors, including agriculture, mining, construction, energy, utilities, oil and gas, transportation, security, and emergency services.

Synergy Between PrecisionHawk and Uplift Data Partners

Uplift’s nationwide network of commercially trained drone pilots will join PrecisionHawk’s Droners.io network of over 15,000 drone pilots, one of the largest networks of its kind. Suzanne El-Moursi, CEO of Uplift, will join PrecisionHawk’s executive leadership team managing the company’s construction line of business.

Our mission at Uplift is to support the modernization of the architecture, engineering, and construction (AEC) industry by creating tools and training that improve the accessibility of drone services…we are thrilled to join PrecisionHawk, a company that is both aligned to this mission and committed to the growth and expansion of the industry.

—Suzanne El-Moursi, CEO, Uplift

Uplift Data Partners was formed in 2015 as a fully integrated subsidiary of Clayco, one of the nation’s largest architecture, engineering, design-build and construction firms, with more than $2.0 billion in annual revenue. Through the acquisition, Clayco will exclusively source its construction projects to PrecisionHawk, and will serve on PrecisionHawk’s Board of Advisors to support the growth of the company’s services and software in the construction industry.

Adoption of Drone Technology in the Construction Industry

Similar to the energy space, the construction industry has experienced a rapid uptake in the adoption of commercial drone technology. Drones are now one of the leading innovative technologies that are transforming the construction process since they decrease the need for
lengthy visual inspections, reduce planning time, improve worker safety and identify problems.

According to a 2018 report by Skyward, the Construction & Engineering sector of the drone industry has shown the highest rate of adoption of drone technology.

commercial-drone-report-adoption

Implementing drone technology into the workflow of a construction, mining, or aggregates company can add efficiency to otherwise time-consuming and costly tasks. For example, drones can be used to survey large areas and collect accurate data of the landscape or materials present. Software can also process the data onboard the drone or once transferred from a micro-SD card to a computer. Drones can also help with planning work—using a 3D map created with aerial data, a construction company can understand where they can or can’t build, and a mining or aggregate company can identify the locations that are better or worse for digging and storing materials.

Without a drone, information like this has to be gathered manually by surveyors or other personnel walking the entire site on foot, which is both time consuming and less accurate. In 15 minutes a drone can capture the same data that it might take a person walking on foot several hours to collect. Using a drone also means that no one has to enter potentially dangerous areas of a site to collect information. Learn more about drones in construction with our guide to drone jobs in construction.

Increased attention on the construction segment of the drone industry comes with the creation of enterprise drone software and hardware to meet the unique needs of construction workplaces. For example, DJI recently launched the Mavic 2 Enterprise and Phantom 4 RTK to meet the specific needs of enterprise users, including construction and engineering professionals. As drone adoption continues to increase, we expect to see more commercial drone companies expand their offerings for construction professionals.

Through their most recent acquisition, PrecisionHawk feels they are better equipped to provide their customers with best-in-class aerial data and analytics for complex construction and facility inspection projects. As drone adoption continues to grow in the construction segment of the drone industry, commercial drone companies will strive to secure their position as the market leader and go-to provider of drone solutions for construction companies.

Share your thoughts on PrecisionHawk’s latest acquisition and the trend of acquisitive growth in the drone industry in this thread on our community forum.

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