Construction SMEs prove resilient in the face of Covid-19

PBC Today | August 11, 2020

Construction SMEs are leading the recovery in the industry, as they prove to be more resilient than their larger counterparts, according to analysis from Hudson Contract. Construction SMEs have proven to be more resilient during the economic downturn than their larger counterparts. New analysis from Hudson Contract suggests that large firms have cut 30% of subcontractors since the week before lockdown. SMEs appear to have recovered more strongly and are using 21% fewer subcontractors. Ian Anfield, managing director of Hudson Contract, said: “Our figures show how SMEs are leading the recovery in the construction industry. “Smaller companies are proving more resilient, agile and adaptive to the new circumstances and are investing in skilled subcontractors to retain productive labour and finish jobs.

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A review of some new developments in medical microbiology technology and diagnosis within the laboratory.For more podcasts, please visit our website at www.idpodcasts.net

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A review of some new developments in medical microbiology technology and diagnosis within the laboratory.For more podcasts, please visit our website at www.idpodcasts.net

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ENGINEERING TECH

Carlisle Construction Materials Announces Plans for a New Missouri Manufacturing Facility

Carlisle Construction Materials | April 22, 2021

The monetary resurgence proceeds in Missouri with new speculations from organizations across a few enterprises. Carlisle Construction Materials LLC (CCM) is the furthest down the line organization to report intends to grow with another office in the state. The maker declared today that it is contributing $62 million and making 100 new openings at another 455,000 square foot creation and assembling office in Sikeston, Missouri. "We're energized that Carlisle Construction Materials is proceeding to develop its tasks in our state," Governor Mike Parson said. "This venture and the subsequent new openings will help support business and financial improvement in the area both now and later on – a significant success for Sikeston and all of Southeast Missouri." The organization is a broadened producer and provider of premium structure items and related advancements for the business and private development markets. The new office in Missouri will be its 50th area from one side of the country to the other. "The new polyiso office adds to our industry driving abilities and addresses the organization's continuous obligation to conveying a-list client experience," Nick Shears, President of CCM, said. "It is deliberately situated to more readily serve the focal U.S. what's more, will bring about improved assistance for CCM clients around there. The creation of energy-saving protection and decrease of transportation paths are both critical to Carlisle's ESG administrative role." The organization chose Missouri because of its focal area, which will help diminish lead times as provincial interest keeps on developing for development materials. The state's labor force, the minimal effort of working together, and local area support additionally pulled in the new venture. "Congrats to Carlisle Construction Materials on this new extension," Missouri Director of Economic Development Rob Dixon said. "They proceeded with speculation from this organization in our state shows the development potential for all organizations in Missouri. The great positions made through this venture will enormously affect Sikeston and the encompassing region." "Our people group is eager to invite Carlisle Construction Materials to Sikeston, Missouri," Mayor Steven Burch said. "Financial improvement is a group activity, and that was particularly evident with this undertaking. I'm pleased with the associations between the nearby, local, and state pioneers, including BNSF Railway, that assisted us with carrying this remarkable organization to Sikeston. We are anticipating watching them develop here for quite a long time to come." The organization intends to start development in the late spring of 2021. They join a developing rundown of organizations that have as of late reported designs to open new offices in Missouri, including Accenture Federal Services, Chewy, Inc., and Melaleuca, Inc. In only the previous year, Missouri Partnership has joined forces with networks across the state to help draw in organizations in assembling, circulation and coordinations, monetary and proficient administrations, and food arrangements adding up to more than $286 million in the capital venture.

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CONSTRUCTION

Kidd & Company Acquires BRH Garver Construction

BRH Garver | January 21, 2022

Kidd & Company, LLC ("KCO"), a leading family office investment firm focused on the middle market, announced it has acquired BRH Garver Construction, LP ("BRH Garver"). Founded in 1971 and headquartered in Houston, TX, BRH Garver is a specialty construction services firm focused on micro-tunneling with extensive public work experience as well as experience with private contracts and aligned competencies in other areas of site/civil construction. The company's primary focus is the construction of pipelines for water, sewage, and drainage systems for public municipalities. BRH Garver's deep experience and culture of service excellence have been critical to the company's track record of growth and outstanding reputation with leading municipalities and private sector clients. "We are delighted to be partnering with Alan Pate, David Ellett, and Todd Hendricks to build on the terrific foundation they have created, and together we plan to continue to grow BRH Garver by expanding its capabilities to serve the increasing demands of the market, BRH Garver's capabilities in micro-tunneling are without equal, and the level of management depth extends deep into the organization. This investment fits perfectly with KCO's investment strategy of partnering with the owners of great companies to leverage their strengths and experience and fundamentally enhance the value of their businesses." -James Benedict, a Principal at KCO and Board Director. In conjunction with the acquisition, BRH Garver expanded its management team with the appointment of industry veterans Gene Kemp as CEO and Leslie Hess as CFO. Gene and Leslie have more than 65 years of combined experience having worked in virtually every segment of the construction industry across multiple end markets in the United States and abroad. Alan Pate, President of BRH Garver, said, I am looking forward to working with Gene, Leslie and KCO. There are many growth opportunities for BRH Garver and we are confident in our ability to capitalize on them with the help of our expanded management team and the additional resources that come from the KCO team. Gene Kemp stated, I am excited to be joining an organization that is recognized for its excellent reputation and track record. BRH Garver is extremely well-positioned with its current customers and is poised to continue growing by expanding its capabilities and adding new customers. Leslie Hess commented I am thrilled to join BRH Garver which has a wonderful company foundation and significant opportunities for the future growth supported by the strong market tailwinds, great customer relationships, solid reputation and depth of talent. Matthew Cook, a KCO Principal and Board Director, added, We are extremely impressed with the franchise that BRH Garver has built with its strong customer relationships and outstanding reputation. We are thrilled by the opportunity to take the company to the next level. Alan Pate, David Ellett and Todd Hendricks made significant co-investments alongside KCO in the transaction. Community Bank of Texas provided additional financing. About BRH Garver Founded in 1971 in the Houston-area, BRH Garver provides specialized micro-tunneling services to public and private projects as well as related service competencies to other areas of site/civil construction. The Company owns and operates a large fleet of equipment and has an in-house fabrication facility that manufactures tools and equipment for specialty projects. The company's highly trained project managers, superintendents, equipment operators, qualified welders, and skilled craftsmen allow projects to be performed safely and on-time. For more information, visit www.brhgarver.com. About KCO KCO is a family office investor focused on control equity investments. KCO traces its roots to 1976 when the firm's founding partner, Bill Kidd, made his first private equity investment. Since KCO is not a fund, the firm is more creative and flexible with the types of transactions that are evaluated and manner in which investments are structured than a typical private equity fund. For more information, visit www.kiddcompany.com.

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ENGINEERING TECH

Congruex Strengthens Leading Platform with Acquisition of Matrix Engineering

Congruex | October 19, 2021

Congruex, a national end-to-end provider of design, engineering, construction, and maintenance services to broadband providers, today announced the acquisition of Matrix Engineering, a deeply experienced leader in fiber engineering, splicing, and other key design and construction solutions. Financial terms of the transaction were not disclosed. Headquartered in Schaumburg, Illinois, Matrix Engineering is a comprehensive provider of offerings for network operators including design and engineering, outside plant construction, fiber splicing, circuit testing, and network activation. Matrix Engineering's leadership team collectively carries decades of experience in the telecommunications industry and strong relationships with its customers. With the addition of Matrix Engineering, Congruex further extends its leadership in network design and construction, and enhances its integrated platform with additional critical engineering and splicing expertise to support end-to-end services for many of the nation's largest providers. "As we continue to invest in our national footprint, our relentlessly customer-centric approach, and our unparalleled suite of services for broadband operators, Matrix Engineering is a natural and highly complementary addition to our platform,I am truly pleased to build upon our position as the leading turn-key design-build solution provider by deepening our fiber splicing capabilities and engineering expertise and further cementing our connections with key Midwest markets. The team at Matrix Engineering has built a strong organization and we look forward to working with their entire organization to capture the substantial growth potential in front of us." -Bill Beans, CEO of Congruex. Having gotten to know Bill and the broader Congruex organization, we mutually recognize a tremendous opportunity to make an even greater impact with our customers," John Bennett, CEO of Matrix Engineering, said. "By joining the market-leading Congruex platform, our highly experienced team will continue to pursue unmatched solutions for providers while building new capabilities and achieving greater scale. Congruex has now completed 15 strategic acquisitions since 2017, when it launched its platform in partnership with Crestview Partners, a leading New York-based private equity firm with significant expertise in the cable, telecommunications, and business services industries. Congruex was advised by Berg Hill Greenleaf Ruscitti LLP. Matrix Engineering was advised by Ice Miller LLP. About Congruex Congruex was formed in late 2017 by industry executives Bill Beans and Kevin O'Hara in partnership with Crestview Partners. Congruex brings together leading engineering and construction companies across the U.S. into a harmonized platform with capabilities encompassing network development, engineering, construction, mandated road moves, maintenance, and operations. Congruex's customers benefit from the integrated skills that it can offer, either as single disciplines or as a turnkey solution with self-perform capabilities. Congruex's engineering and construction services operate nationwide. For more information, please visit www.congruex.com. About Crestview Partners Founded in 2004, Crestview is a value-oriented private equity firm focused on the middle market. The firm is based in New York and manages funds with over $10 billion of aggregate capital commitments. The firm is led by a group of partners who have complementary experience and distinguished backgrounds in private equity, finance, operations, and management. Crestview has senior investment professionals focused on sourcing and managing investments in each of the specialty areas of the firm: media, industrials, and financial services. For more information, please visit www.crestview.com.

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