Welcome to our Construction Industry News page, where we bring you the latest updates on mergers and acquisitions, key new hires, and significant industry shifts. Stay informed with breaking news and in-depth reporting to keep up with the fast-paced changes shaping the construction business.
MANITOWOC, Wis. — The Manitowoc Company Inc. announced it will relocate its corporate headquarters from Manitowoc, Wisconsin, to Milwaukee, Wisconsin.
Manitowoc will lease approximately 16,000 square feet in One Park Place in the Park Plaza office park. Manitowoc has already started to transition headquarters employees with the relocation expected to be completed by the end of the first quarter, 2018 pending completion of the build-out.
LAUREL, Miss. — The Laurel Housing Authority will be awarded $488,000 in Affordable Housing Program (AHP) funds from the Federal Home Loan Bank of Dallas (FHLB Dallas) and FHLB Dallas member The First, A National Banking Association, to provide housing rehabilitation assistance for 72 very low-income homeowners in Laurel, Mississippi.
NEW YORK — Basalt Infrastructure Partners II LP (“Basalt”) and DCO Energy (“DCO”) announced the closing of a transaction to acquire a joint equity ownership stake in DB Energy Assets, a newly formed entity that owns four well established district energy systems in Hartford, CT, Wilmington, DE Montclair State University, NJ and Atlantic City, NJ, and a portfolio of cogeneration assets in the United States.
GRAND RAPIDS, Minn. (January 16, 2018) — ASV Holdings Inc. has added Jim Reed’s Truck Sales to its dealer network.
KIRKLAND, Wash. (January 12, 2018) – Kenworth Truck Company is offering a program with the National Joint Powers Alliance® (NJPA) that expands sales opportunities for new Kenworth Class 6, 7 and 8 chassis to more than 50,000 NJPA members throughout the United States and Canada.
WASHINGTON (January 8, 2018) – Leading cement and concrete organizations unveiled a new online pavement design tool that offers features and benefits never before available to the pavement design community.
RACINE, Wis. (January 3, 2018) — CASE Construction Equipment has issued a call for entries for the 2018 Dire States Equipment Grant. Originally launched in 2016, this is the third year that CASE has offered the grant, which provides one winning community with $25,000 in free equipment use to help offset the costs of building or repairing a critical piece of local infrastructure.
WASHINGTON (December 22, 2017) – Skanska marked a crucial milestone with District of Columbia Water and Sewer Authority (DC Water) in the construction of the new DC Water headquarters facility with a topping out ceremony.
NEW YORK (January 3, 2018) – Dodge Data & Analytics has been awarded a multi-year contract to continue providing data for United States Construction Projects Started to the U.S. Department of Commerce Census Bureau. The Dodge projects are a key input to the Nonresidential Construction Spending forecast that tracks the monthly value of Construction Put in Place.
VICTOR, N.Y. (January 3, 2018) – The Independent Equipment Dealers Association (IEDA) encourages all current members and vendor/exhibitor associate members to register now for its 2018 Annual Meeting, February 18 –20, at the Omni Orlando Resort at ChampionsGate.
WASHINGTON, D.C. (December 20, 2017)—The Equipment Leasing and Finance Association’s (ELFA) Monthly Leasing and Finance Index (MLFI-25), which reports economic activity from 25 companies representing a cross section of the $1 trillion equipment finance sector, showed their overall new business volume for November was $7.5 billion, up 17 percent year-over-year from new business volume in November 2016.
WASHINGTON, D.C. – The Bureau of Labor Statistics’ Census of 2016 Fatal Occupational Injuries reports there were 5,190 workplace fatalities in 2016, a 7-percent increase from 2015. The fatal injury rate also increased from 3.4 per 100,000 full-time equivalent workers in 2015 to 3.6 in 2016.
MELBOURNE (December 18, 2017) — Aconex Limited announced that it has entered into a binding Scheme Implementation Deed with Oracle for A$7.80 per share in cash. The transaction is valued at approximately A$1.6 billion (US$1.2 billion), net of Aconex cash.
ROSEMONT, Ill. (December 15, 2017) – The American Concrete Pavement Association (ACPA) has presented its Sustainable Practices Recognition Award to Emery Sapp & Sons Inc. (an ACPA Member) and the Kansas Department of Transportation for their team effort in recognizing and prioritizing sustainable construction practices on the South Lawrence Trafficway (K-10) Project.
MIAMI, Fla. (December 14, 2017) – South Florida-based Two Roads Development has broken ground on Elysee Miami, making it the newest luxury condominium tower to rise in East Edgewater, one of the fastest-growing neighborhoods in Miami’s urban core. The 100-unit project, now rising at 788 NE 23rd Street along Biscayne Bay, is being developed in partnership with entities managed by New York-based investment firm DW Partners.
WASHINGTON, D.C. – Confidence in the commercial construction industry is strong, despite significant concerns around jobsite efficiency and labor productivity, according to the Q4 2017 USG Corporation + United States Chamber of Commerce Commercial Construction Index (Index).
(December 21, 2017) — The ALL Family of Companies has made its inaugural sale as an authorized Kobelco dealer. Kelley Steel Erectors purchased a Kobelco CK800G-2 crawler crane from ALL and took delivery of the machine during a key ceremony at the ALL Crane yard in Cleveland, Ohio. The sale of the new Kobelco unit was one of several on which the two companies plan to collaborate.
SAUK CENTRE, Minn. (December 27, 2017) – Felling Trailers Inc. recently conducted its fifth annual online auction of an FT-3 drop deck utility trailer to benefit a nonprofit organization, Special Olympics Minnesota. To close the chapter on this year’s story, Felling Trailers Inc. presented the donation checks to two Special Olympics Teams, Special Olympics Golden Eagles and Young Athletes teams.
SAN DIEGO (December 12, 2017) – In keeping with an 18-year-old Christmas holiday tradition, all 50 employees of Cavignac & Associates, a San Diego-based risk management firm, donated gifts of hope and cheer to those less fortunate in the community, giving a combined $18,000 out of their own paychecks to 11 local nonprofit organizations.
NASHVILLE, Tenn. (December 12, 2017) – Turner Construction Company’s Special Projects Division in Nashville, Tennessee, has completed the buildout of Schneider Electric’s new southeast regional office in Cool Springs, which will consolidate several of its existing Middle Tennessee locations under one roof.
