Construction data shows US contractors highly confident in 12 month market outlook

Fox Business | June 20, 2019

A new study found the majority of contractors Opens a New Window.  in the U.S. have a positive outlook for the year ahead - and that could translate to overall economic growth Opens a New Window. More than half of contractors - 52 percent - reported they felt highly confident they would have enough new business opportunities in the next 12 months, according to second quarter data released Thursday from the 2019 USG Corporation + U.S. Chamber of Commerce Commercial Construction Index Opens a New Window. That percentage is up 11 percent from the index's 2019 Q1 data. USG Corporation, a manufacturing company, and U.S. Chamber of Commerce said they use researchers from the research firm Dodge Data & Analytics to survey more than 2,700 commercial construction decision-makers for their quarterly indices on confidence and other industry trends. The responses are then used to create a composite score.

Spotlight

Ag employees today come from a wide variety of backgrounds and inspirations, especially for those interested in STEM careers. Their motivations for entering agriculture can be surprising. Both men use their knowledge of software development and data science to improve efficiency for their peers and customers.

Spotlight

Ag employees today come from a wide variety of backgrounds and inspirations, especially for those interested in STEM careers. Their motivations for entering agriculture can be surprising. Both men use their knowledge of software development and data science to improve efficiency for their peers and customers.

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Digital construction technology goes mobile at Center Parcs

PBC Today | August 19, 2020

John Sisk & Sons deployed Site Progress Mobile from Elecosoft to deliver woodland cabins for Center Parcs.In late 2017, John Sisk & Son (Sisk) was awarded the contract to build the guest lodges and central leisure buildings at the hotly anticipated €233m Center Parcs at Longford Forest near Ballymahon in Ireland. It would accommodate up to 2,500 guests in nearly 470 lodges, distributed across the 400 acres of beautiful woodland.With 466 individual lodges to build over 68 weeks across a huge site, Sisk knew that sustaining the pace of work, keeping abreast of progress and deploying its resources effectively would be paramount.Powerproject is Sisk’s planning software of choice, and its project managers are very familiar with it. When the Center Parcs project was confirmed, Sisk decided to take up Elecosoft’s offer to trial the companion mobile app, Site Progress Mobile, hoping that it would help them keep a closer eye on activities, resources and progress across this large area. Project leader Cormac Fitzpatrick and lead planner Damien Gallagher explained how Site Progress Mobile was put to work and how it helped them to successfully manage progress on the Center Parcs build.

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CONSTRUCTION

Terex Announces Acquisition of Northern Ireland Steel Fabricator to Support Growth of Materials Processing

Terex | April 26, 2022

Terex announced that it had bought Steelweld, a company that makes heavy fabrications in Northern Ireland. Steelweld's acquisition bolsters Materials Processing's growth plan in Northern Ireland by expanding fabrication capabilities. "We are excited to welcome Steelweld's talented employees to the Terex team. Over the past 40 years, the company has built a highly skilled work force and has a valued reputation for high levels of quality and service," John L. Garrison, Jr., Terex Corporation Chairman and Chief Executive Officer Kieran Hegarty, Terex Materials Processing President, continued, "Steelweld's expertise in heavy fabrications will provide additional knowledge and talent to support the growth of Terex Materials Processing."

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ENGINEERING TECH

Capital Construction and Maintenance Support Field Services Company AMECO Spun Off From Fluor Corporation

AMECO, One Equity Partners | June 11, 2021

AMECO, one ofNorth America'sleading construction and maintenance field services planning and management companies, was recently spun off by its parent company, Fluor Corporation. The company, which is headquartered inGreenville, S.C, with field operations throughoutthe United StatesandCanada, was purchased by middle market private equity firm One Equity Partners (OEP) for$73 million. For more than 70 years, AMECO has managed and provided indirect products and services, including equipment, scaffolding, tools, consumable supplies and fleet management for capital construction, facility operations and maintenance projects on a global scale. Taking an integrated and collaborative approach to project management, AMECO is the premier company providing complete, packaged solutions to the industry. As an independent organization, AMECO will bring its world-class expertise to bear for a larger range of customers throughoutthe United StatesandCanadato enhance efficiency, increase craft productivity, streamline billing and supply chain management and reduce costs for large projects and ongoing maintenance needs. AMECO has assembled a strong senior management team comprised of long-tenured construction and maintenance executives, including many former and present AMECO team members, to lead the organization.Gary Bernardez, who led AMECO from 2001-2012, will serve as chief executive officer. About AMECO As a field services company, AMECO delivers unique solutions for efficient planning and management of indirect construction products and services throughout the project life cycle to the construction and maintenance markets in the U.S. andCanada. Headquartered inGreenville, S.C., AMECO serves owners and contractors on capital construction projects and in ongoing facility operations with an emphasis on energy, chemicals, mining, biotech, manufacturing and infrastructure end markets. About One EquityPartners One Equity Partners (OEP) is a middle-market private equity firm focused on the industrial, healthcare, and technology sectors inNorth AmericaandEurope. The firm builds market-leading companies by identifying and executing transformative business combinations. OEP is a trusted partner with a differentiated investment process, a broad and senior team, and an established track record generating long-term value for its partners. Since 2001, the firm has completed more than 300 transactions worldwide. OEP, founded in 2001, spun out of JP Morgan in 2015.

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