LOS ANGELES (Dec. 10, 2020)—AECOM announced the signing of a definitive agreement to sell its civil construction business, which includes the Shimmick Construction business, to affiliates of Oroco Capital. The transaction is expected to close in January 2021 upon the satisfaction of customary closing conditions.
WASHINGTON—More contractors are facing a shortage of building materials as the pandemic continues, according to new fourth quarter data from the United States Chamber of Commerce Commercial Construction Index. This quarter, 41% of contractors say less availability of building products and materials is a severe consequence of the pandemic, up from just 15% saying the same in Q3.
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MONTREAL (Dec. 03, 2020)—WSP Global Inc. announced that it has entered into an arrangement agreement providing for the acquisition of all of the issued and outstanding shares of Enterra Holdings Ltd., the holding company of Golder Associates.
NEW JERSEY (December 7, 2020)—The Dodge Momentum Index fell 2.6% in November to 123.3 from the revised October reading of 126.5. The Momentum Index, issued by Dodge Data & Analytics, 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.
NEW YORK, New York/SEATTLE, Washington (November 30, 2020)—Abbott Construction announced that it has merged with STO Building Group to become a member of the STO family of companies.