Construction Industry News

CHARLOTTE, N.C. (Feb. 14, 2018) – Commercial Credit Group Inc. (CCG), an independent commercial equipment finance company, announced the closing of a 144a privately-placed term asset-backed security (ABS) transaction.

SANTA ANA, Calif. (Feb. 19, 2018) – American Pneumatic Tools has announced it will now be identified as APT. The APT name aims to better reflect the variety of products the company offers.

MOLINE, Ill. (Feb. 19, 2018) – In its latest 5-year forecast, the American Rental Association (ARA) expects equipment rental industry revenue to continue to grow consistently in the United States over the next 5 years, resulting in total revenue of $59.6 billion in 2021.

ORLANDO, Fla. — North American Risk Services, Inc. (NARS) has hired Patrick Fletcher as its chief information officer (CIO).

PALO ALTO, Calif. (Feb. 13, 2018) — Buildup, the jobsite collaboration and communication platform for construction, announced the availability of their integration with Procore, a leading provider of cloud-based applications for construction.

DENVER (Feb. 13, 2018) — dcb Construction Company Inc. announced that Dan McComb and Scott King have acquired the company from owner John Barna.

DALLAS—Balfour Beatty was selected by Westdale and KDC to build The Epic, a 16-story office tower located in Dallas’ historic Deep Ellum neighborhood. With construction underway, the 290,000-square-foot office tower with 847-car garage, is the first phase of the planned 8-acre, mixed-use development that will combine Class A office, multifamily, retail and a boutique hotel.

NEW YORK (Feb. 7, 2018) – The Dodge Momentum Index dropped 5.1 percent in January to 143.7 from the revised December reading of 151.5. The Momentum Index is a monthly measure of the first (or initial) report for nonresidential building projects in planning, which have been shown to lead construction spending for nonresidential buildings by a full year.

(Jan. 2018)—The setting for the Dynapac North America visual identity launch at the historic Biltmore Estate in Asheville, North Carolina, provided a beautiful back drop and relaxing atmosphere to showcase newly branded Dynapac equipment and share the future of the organization to 80+ dealers and rental partners from the United States, Canada and Mexico. 

RENSSELAER, Ind. (Feb. 13, 2018) — Talbert Manufacturing named Hale Trailer Brake & Wheel, headquartered in Voorhees, New Jersey, as its top dealer for the 10th straight year. This award recognizes a Talbert dealer for outstanding performance in selling trailers, service and parts. In 2017, Hale sold more parts than any other Talbert dealer.

(Feb. 9, 2018) – National law firm Lowenstein Sandler advised Foley Inc., the Caterpillar franchisee for northern New Jersey, Staten Island, and Bermuda, in acquiring substantially all of the assets of Giles & Ransome Inc. (Ransome CAT). The move expands Foley’s Caterpillar territory to include eastern Pennsylvania, southern New Jersey and northern Delaware.

BIRMINGHAM, Ala. (February 9, 2018)—Construction Business Owner, the leading business magazine for contractors, is pleased to announce a free webinar presented in partnership with CM Labs Simulations.

The live, online event, "The ROI of Simulation-Based Operator Training,” will take place March 22, 2018, at 1 p.m. EST. Registration is free at constructionbusinessowner.com/webinars.

INTERNATIONAL — Volvo Construction Equipment (Volvo CE) put in a strong performance in the fourth quarter of 2017, helping its parent company the Volvo Group achieve the highest sales and operating income in its history. Improved competitiveness coupled with growing demand – especially in Asia – helped Volvo CE deliver strong improvements in sales, operating income and order intake. 

WASHINGTON (January 31, 2018) — The United States Green Building Council (USGBC) released the annual list of the Top 10 States for LEED (Leadership in Energy and Environmental Design), the world’s most widely used green building rating system. The list ranks states in terms of certified square feet per resident in 2017.

SAN JUAN, Puerto Rico—Citi Community Development and four Department of Housing and Urban Development (HUD)-approved housing counseling organizations announced today an initiative to provide urgently-needed housing assistance in Puerto Rican communities affected by Hurricane Maria.

ATLANTA—The Associated General Contractors of Georgia (AGC Georgia) and the Construction Education Foundation of Georgia are partnering with YouScience to uncover high school students throughout the state with an aptitude for careers in the construction industry.

BARAGA, Mich. — Pettibone/Traverse Lift LLC announces the addition of Taylor Machine Works to its dealer network. Taylor will carry Pettibone Cary-Lift pipe and pole handlers for multiple states across the southern United States, including Virginia, North Carolina, Tennessee, Alabama, Mississippi, New Mexico and several counties in Texas.

MANSFIELD, Ohio (January 23, 2018) — In 1968, Roger Minnich and two employees began building concrete vibrators at a gas station in Mansfield, Ohio. From those humble beginnings, Minnich Manufacturing has become the industry leader in vibrators, vibrator monitoring systems and concrete dowel pin drills.

NAPLES, Fla. (January 16, 2018) – EHC Inc. announced it started 13 new projects and completed 9 projects throughout Southwest Florida in 2017. Plus, the site construction company provided a variety of services for hurricane repair and relief efforts in the area. EHC also expanded its team nearly 15 percent to accommodate company and market growth.

NEW YORK (January 23, 2018) – Dodge Data & Analytics announced the launch of Dodge Construction Central, continuing the evolution of Dodge’s vision for a single unified hub where all construction industry and project stakeholders can discover, share and access new and unique insights from across the entire construction ecosystem and along the full project lifecycle to make timely, data-driven decisions.