Meritor Inc. today announced that it has successfully completed its acquisition of AxleTech from global investment firm The Carlyle Group. Read the details here.
Lori Gillett becomes the company’s first female CEO in the history of the 63-year old Columbus-based commercial construction company.
Fluor booked its share of the $1.8 billion contract extension, which is for an additional 14 months with two 12-month options, in the third quarter of 2019.
JLG Industries Inc. has been named the “CAT Rental Store 2018 Allied Vendor of the Year.” Details here.
The industry trends leaving contractors with no choice but to advance
New construction starts in June advanced 9% from the previous month to a seasonally adjusted annual rate of $832.7 billion, according to Dodge Data & Analytics. The increase followed the 10% gain reported for May, as total construction starts continued to strengthen following April’s subdued performance. Details here.
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June new equipment leasing and finance business volume up 9% year-over-year, 9% month-over-month and 1% year-to-date.
North Texas construction and real estate company makes leadership moves, naming longstanding president as CEO and promotes longtime SVP to president and COO.
Two JCB apprentices won first place in the mechatronics division at the recent SkillsUSA national championships. Details about the competition and winners here.