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Business News

Keep up to date on the latest construction industry trends, in the US and internationally, and how it may impact your business. Stay informed with press releases, research, and opinions to help get the most out of your investment. We highlight small and large projects to keep you abreast of the happenings in the industry, and construction industry statistics to help your company avoid mistakes and find the best solutions to problems that arise.



Arcosa Announces Agreement to Acquire Construction Materials Business of Stavola Holding Corporation

Arcosa Inc. has entered into a definitive agreement to acquire the construction materials business of Stavola Holding Corporation and its affiliated entities for $1.2 billion in cash, subject to customary post-closing adjustments....


Kirby-Smith Machinery Announces Leadership Changes for Product Support Operations

Kirby-Smith Machinery Inc. (KSM) has announced several leadership changes related to its product support operations. Kelly Shuffield has been promoted to vice president of service; Wade Gaines to vice president of parts and product support sales; and Jeff Lechus to director of service of cranes and lifting....


Flatiron, Dragados Merge, Creating Second-Largest U.S. Civil Contractor

ACS Group and HOCHTIEF, the respective owners of Dragados and Flatiron, announced that they have agreed on key terms for the combination of the two companies, with ownership of the integrated company held 61.8 percent by ACS Group and 38.2 percent by HOCHTIEF....


BOMAG Americas Names Christoph Thiesbrummel VP of Sales, Marketing

BOMAG Americas, a Fayat Company, announced the promotion of Christoph Thiesbrummel to vice president of sales & marketing for North American operations effective July 22, 2024. In his new position, Thiesbrummel will lead BOMAG Americas' dealer channel sales, rental channel sales, sales administration, product management and marketing activities....


Heavy Machines LLC Opens New Headquarters in Piperton, Tenn.

For more than five decades, Tenn.-based Heavy Machines LLC has carried a diversified line of machines to serve a variety of industries, including construction, forestry, landscaping, mining, utilities, material and scrap handling, and drilling and boring, among others....


Lincoln Electric Acquires Vanair

Lincoln Electric announced that it has acquired Vanair Manufacturing, LLC, a privately held, Michigan City, Ind.-based, manufacturer of mobile power solutions serving the U.S. service truck market. Vanair offers a comprehensive portfolio of mobile power solutions, including vehicle-mounted compressors, generators, welders, hydraulics, chargers/boosters and electrified power equipment....


Heidelberg Materials Continues to Deepen, Expand U.S. Footprint With Acquisition of Carver Sand & Gravel

Heidelberg Materials North America announced that it has entered into a definitive purchase agreement to acquire Carver Sand & Gravel, the largest aggregates producer in the Albany, N.Y., area. Included in this acquisition are four quarries, three sand and gravel pits, two asphalt plants, 70 million metric tonnes of aggregate reserves, a logistics business and approximately 200 employees....


McCann Industries Celebrated Fifth Year as Case CE Diamond Dealer

McCann Industries announced July 30 that it has been awarded Diamond Dealer status by Case Construction Equipment for the fifth consecutive year. This prestigious recognition places McCann Industries among the top dealers nationwide who have demonstrated exceptional performance in sales, service, parts, marketing and digital presence....


Wirtgen Group Names RDO Equipment Co. Dealer in Minnesota

Effective Aug. 5, 2024, RDO Equipment Co. is the official Wirtgen Group dealer in Minnesota, offering equipment, parts and service at the seven RDO construction equipment stores across the state — Burnsville, Dayton, Mankato, Marshall, Moorhead, Rochester and Sauk Rapids....


Connect Work Tools Promotes Derek Young to Service Manager, Enhancing Field Service Capabilities

Connect Work Tools, an Exodus Global company, announced the promotion of Derek Young to service manager. In this pivotal role, Young will coordinate field service installations, service training, rebuilds and troubleshooting, ensuring that Connect Work Tools delivers unparalleled support to its customers nationwide....








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