NEW YORK (July 18, 2024) — New York-based Coast, which offers solutions for U.S. companies to manage fuel and fleet spending, has raised $40 million in new Series B financing, led by ICONIQ Growth. The round included participation from existing investors Accel, Insight Partners, Vesey Ventures and Avid Ventures, as well as new investors Thomvest.

WASHINGTON (July 19, 2024) — Today, the National Labor Relations Board (NLRB) moved to withdraw its appeal of the U.S. District Court for the Eastern District of Texas’ decision to vacate the 2023 Joint Employer final rule, which means the court’s favorable decision will become final. The Board had appealed the decision on May 7.

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%.