Construction Industry News

GAINESVILLE, Fla. (July 17, 2024) — Infotech, a provider of infrastructure construction software solutions, was acquired by Diversis Capital Management LP, a Los Angeles-based private equity firm focused on investing in software and technology-enabled services organizations.

MADISON, Wis. (July 16, 2024) — McShane Construction Company announced that Alison Gorham was promoted to vice president of the firm’s Wisconsin regional office in Madison.

Gorham joined McShane in 2012 as a project engineer and was subsequently promoted to project manager. In 2018, she established McShane’s Madison office and was promoted to director of Wisconsin operations.

BEDFORD, Mass. (July 9, 2024) — The Dodge Momentum Index (DMI), issued by Dodge Construction Network, increased by 10.4% in June to 198.6 (2000=100) from the revised May reading of 179.9. Over the month, commercial planning increased 14.5% and institutional planning ticked up 0.2%.   

KENOSHA, Wis. (July 12, 2024) — The newly founded National Equipment League is broadcasting its first events online in partnership with HD Hyundai Construction Equipment North America.

ATLANTA (July 11, 2024) — KAI announce the grand opening of its new office located just east of Downtown Atlanta at 659 Auburn Avenue. This strategic relocation to the Old Fourth Ward neighborhood near Inman Park signifies KAI's robust growth trajectory and commitment to deepening its engineering-focused practice in Atlanta's dynamic landscape.

DAHLONEGA, Ga. (July 9, 2024) — RefrigiWear, a manufacturer of insulated industrial workwear, accessories and personal protective equipment (PPE), announced the appointment of Leigh Stadelmeier as vice president of B2B outdoor sales. In this role, Stadelmeier will build sales strategies to drive growth and revenue his division.

TAMPA (June 20, 2024) — At RealComm, a major gathering of real estate technology leaders in Tampa, the administrator of the U.S. General Services Administration (GSA) announced plans to invest $80 million from the Inflation Reduction Act (IRA), the largest climate investment in U.S. history, into smart building technologies that will help reduce emissions, increase efficiency and reduce costs, and enhance comfort across an estimated 560 federal buildings.

LOS ANGELES & HOUSTON (July 8, 2024) — B. Riley Financial Inc. has acquired the assets of Interface Consulting International Inc., an engineering and construction consulting and expert services firm.

RICHMOND, Va. (July 3, 2024) — Twenty-two Richmond-area small and diverse business leaders are positioned to take their firms to new heights following their successful completion of Clark Construction Group's Strategic Partnership Program (SPP).

ATLANTA (June 27, 2024) — Document Crunch, an artificial intelligence (AI) contract intelligence and compliance platform for the construction industry, announced that it has been named the winner of “Best Overall Large Language Model (LLM)” in the seventh annual AI Breakthrough Awards program conducted by AI Breakthrough, a market intelligence organization that recognizes the top companies, technologies and products in the globa

WASHINGTON (July 2, 2024) — The construction industry had 339,000 job openings on the last day of May, according to an Associated Builders and Contractors (ABC) analysis of data from the U.S. Bureau of Labor Statistics’ Job Openings and Labor Turnover Survey. JOLTS defines a job opening as any unfilled position for which an employer is actively recruiting. Industry job openings increased by 2,000 last month but are down by 38,000 from the same time last year.

EXTON, Pa. (July 1, 2024) — Following the CEO transition plan previously announced by Bentley Systems Incorporated, Nicholas Cumins is taking over as CEO. Cumins succeeds Greg Bentley, the eldest of the five brothers who founded Bentley Systems, who becomes executive chair of its board of directors. 

Cumins is the first CEO in the company’s 40-year history who is not a Bentley family member, marking a significant milestone in the company’s development. 

CHICAGO (June 27, 2024) — Samsara Inc. has announced new products and solutions built to empower the physical operations leaders who run the world. The Beyond conference, taking place June 26-28 in Chicago, Illinois, gathers over 2,000 innovators across the industry, including Fortune 500 companies such as DHL, Sysco, SLB, and more.

BEDFORD, Mass. (June 20, 2024) — Total construction starts rose 10% in May to a seasonally adjusted annual rate of $1.24 trillion, according to Dodge Construction Network. Nonbuilding starts gained an impressive 49% during the month, driven by the start of an offshore wind project and an LNG facility, while residential starts lost 7% and nonresidential building starts were down 2%.

BIRMINGHAM, Ala. (June 24, 2024) — Go Build Alabama announced the launch of the Go Build Alabama Job Board, a platform designed to simplify the job search process for career seekers and Alabama-licensed commercial and industrial construction employers across the state. Offering a wide range of skilled trade job opportunities, from craft/field positions to administrative and sales roles, this centralized job board aims to strengthen Alabama’s workforce and economy.

LOS ANGELES (June 24, 2024) — ServiceTitan, a software platform built to power the trades, announced an exclusive partnership with Southland Industries, a commercial mechanical, electrical and plumbing (MEP) contracting firm. This new partnership will deploy ServiceTitan’s platform across Southland’s subsidiary, The Brandt Companies, followed by Southland’s service division.

HAMPSHIRE, Ill. (June 20, 2024) — Midwest Companies, an Illinois-based sustainable waste management company, announces its newly-built construction and demolition recycling facility in Hampshire, Illinois. Midwest Companies is a parent company operating a family of sustainable waste management brands, including Midwest Material Management (MMM), a business that provides demolition, recycling and industrial waste disposal for the construction and railroad industries.

CINCINNATI (June 19, 2024) — STACK Construction Technologies, a cloud-based construction software platform, announced the promotion of Ray DeZenzo to president, assuming responsibility for product as well as continuing to lead overall business operations.

Mammoet, a global provider in engineered heavy lifting and transport, has started assembling the world’s strongest land-based crane, the SK6000, at its Westdorpe facility in the Netherlands.

This project marks a new era in heavy lifting technology, offering unprecedented lifting capacity and reach, and opening up new construction methodologies for large projects.

The Marcum Commercial Construction Index for the first quarter of 2024 reports that the construction industry continued growing despite various challenges.

The index is produced by Marcum’s National Construction Services group.