Construction Industry News

CARPINTERIA, Calif. (March 10, 2025) — Procore Technologies Inc., a global provider of construction management software, announced that Founder, President and CEO Tooey Courtemanche intends to transition to executive chairman upon the appointment of a successor. In this position, he will continue to be deeply involved in the business and lead the board. Until that time, there will be no changes to Courtemanche’s current role as CEO.

ORLANDO, Fla. (March 11, 2025) — RedTeam, a provider of software-as-a-service (SaaS) solutions, announced the promotion of Patrick Brien to the role of chief revenue officer. This strategic move underscores the company’s commitment to optimizing its revenue-generating functions and accelerating growth.

WASHINGTON (March 7, 2025) — The construction industry added 19,000 jobs on net in February, according to an Associated Builders and Contractors (ABC) analysis of data released by the U.S. Bureau of Labor Statistics. On a year-over-year basis, industry employment has increased by 174,000 jobs, an increase of 2.1%. 

INDIANAPOLIS (March 6, 2025) — Today during Work Truck Week 2025, Ben Winter, vice chairman/business development at Transfer Flow (Chico, California), was installed as 61st Board chair of NTEA – The Work Truck Association. He accepted the position from immediate past board chair Jason Ritchey, president/owner of Curry Supply Co. (Altoona, Pennsylvania).

CLEVELAND, Ohio (March 6, 2025) — The Metal Building Manufacturers Association (MBMA) addedsix new members to the rolls of the metal building systems leader. Waldroop Steel joins as a Building System member, with ARCO Design/Build, Curber Manufacturing, John J.

BOSTON (Feb. 21, 2025) — Total construction starts fell 6% in January to a seasonally adjusted annual rate of $1.1 trillion, according to Dodge Construction Network. Nonresidential building starts receded 18% and residential starts decreased 1%, while nonbuilding starts moved 4% higher. On a year-over-year basis, total construction starts were down 6% from January 2024.

ANNECY, France (March 3, 2025) — The Fayat and Mecalac Groups have signed an agreement for the acquisition of the Mecalac Group by the Fayat Group. 

The transaction is subject to regulatory approval by the relevant competition authorities and is expected to be completed by the end of the first half of 2025. 

GREENVILLE, S.C. (Feb. 25, 2025) — Gordian, provider of data-driven solutions for all phases of the building life cycle, reported that construction costs continued to increase slightly faster than inflation heading into 2025, with labor wages rising by an average of 4.1% over the past year. This analysis is based on today’s release of 2025 RSMeans Data.

URBANDALE, Iowa (Feb. 24, 2025) — DICA, a provider of engineered outrigger pads, crane pads and ground protection products, announced Matt Sargent as chief financial officer (CFO) and Integrator and John “Pinky” Jansen as director of marketing.  

MOLINE, Ill. (Feb. 13, 2025) — John Deere introduced extended transmission assurance coverage for its 844 P-Tier and 904 P-Tier Wheel Loaders. This new program provides up to five years or 15,000 hours* of coverage on eligible 844 P-Tier and 904 P-Tier models for warrantable transmission repairs.

ANAHEIM, Calif. (Feb. 12, 2025) — Isuzu North America Corporation has announced that it is establishing a new production base in Greenville County, South Carolina, to expand its vehicle supply capabilities in anticipation of the electrification of commercial vehicles in North America. The company has purchased a 1,000,000 square foot facility on over 200 acres of land that it is converting into an Isuzu-run assembly plant.

WASHINGTON (Feb. 13, 2025) — Construction input prices increased 1.4% in January compared to the previous month, according to an Associated Builders and Contractors (ABC) analysis of U.S. Bureau of Labor Statistics’ Producer Price Index data. Nonresidential construction input prices increased 0.9% for the month.

LIVERMORE, Calif. (Feb. 18, 2025) — Topcon Corporation and FARO Technologies have announced a strategic agreement to develop and distribute innovative solutions in the laser scanning market. The agreement is expected to expand access to digital reality solutions and result in complementary product developments, such as the seamless integration of Topcon and Sokkia solutions with FARO’s solutions.

NEENAH, Wis. (Feb. 13, 2025) — To help companies perform their environmental due diligence when conducting commercial real estate transactions, J. J. Keller & Associates, Inc. — an industry provider of safety and compliance solutions — has launched its Phase I Environmental Site Assessment service. This new offering is designed to help reduce risk and uncertainty when companies sell, lease or finance industrial property.

INDIANOLA, Iowa (Feb. 17, 2025) — Cemen Tech, the world’s largest volumetric concrete mixer manufacturer, announced a new partnership with McCoy Construction & Forestry, a construction and forestry equipment dealer, to expand access to Cemen Tech’s concrete production solutions across Tennessee, Kentucky, Indiana and Illinois.

RICHFIELD, Wis. (Feb. 12, 2025) — Custom Equipment LLC, the manufacturer of Hy-Brid Lifts, announced a rebranding to AXCS Equipment. Its product line dramatically increased when it merged with ASKO Holding, a Turkish-based entity with holdings in construction, agriculture, energy and technology, in early 2024. This new merger offered resources to expand the product line beyond scissor lifts to include telehandlers, articulated booms and vertical masts.

SAN FRANCISCO (Jan. 30, 2025) — Motif, a startup founded in 2023 by design software experts Amar Hanspal and Brian Mathews, has secured $46 million in seed and Series A funding to develop a next-generation platform for buildings. The Series A was led by Alphabet’s independent growth fund, CapitalG, and the previously undisclosed Seed round was led by Redpoint Ventures. Pre-seed venture firm Baukunst participated in both rounds.

ARLINGTON, Va (Feb. 5, 2025) — In 2025, the Electrical Safety Foundation International (ESFI) collected information on fatal and nonfatal occupational electrical injuries from every available source. The U.S. Bureau of Labor Statistics (BLS) and the Occupational Safety and Health Association (OSHA) provide raw data that ESFI reviews and analyzes as it is released to identify electrical safety trends.

HENDERSON, Nev. (Feb. 6, 2025) — ANA Inc., a provider of mobile power and air solutions, has secured a $50 million strategic investment from S2G Investments (S2G), a multi-stage investment firm focused on sustainable solutions across the energy, food and agriculture, and oceans sectors.

NEWPORT NEWS, Va. (Feb. 7, 2025) — Liebherr has appointed Hirohito Imakoji as managing director of Liebherr USA Co., a mixed sales organization supporting 10 product segments throughout the U.S. Imakoji joins the Liebherr USA executive management team, working together with Kai Friedrich, the Managing director and divisional director of earthmoving and material handling technology.