Construction Spending in September Slips

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Construction spending decreased for the second consecutive month in September as declines in public and private nonresidential construction, as well as multifamily projects, offset growth in single-family homebuilding, according to an analysis by the Associated General Contractors of America. Association officials said the new spending figures underscore how challenges current market conditions are for many firms. “These data show that construction gains remain fragmentary and volatile, even though industry employment has been picking up in more states,” said Ken Simonson, the association’s chief economist. “Many categories of spending rose sharply over the past year but month-to-month changes have been mixed.” … Read more

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McCarthy Holdings Completes Acquisition of Castle Contracting and CastleGPS

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ST. LOUIS, Mo. — McCarthy Holdings, Inc. recently finalized the acquisition of Castle Contracting along with its subsidiary CastleGPS. Castle provides turnkey civil services, utilities, earthwork and trenchless technology directly to owners, general contractors and mechanical, electrical and plumbing contractors. Additionally, Castle's leading-edge GPS technology provides subsurface 3-D utility mapping. Castle is now a subsidiary of McCarthy and will continue under the Castle brand name. Announcing the deal in August 2014, McCarthy Central Division President Scott Wittkop commented, “Civil and infrastructure needs in our communities continue to grow. Together, McCarthy and Castle now offer enhanced specialized civil and underground solutions … Read more

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WSP Completes the Acquisition of Parsons Brinckerhoff

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MONTREAL, Quebec — WSP Global Inc. announced it has completed the acquisition of all of the issued and outstanding capital stock of the entities comprising the business of Parsons Brinckerhoff Group Inc., the professional services division of Balfour Beatty plc. “I am pleased with this acquisition, as we become an industry leader, with the ability to deliver more expertise and services to our client base across the world,” said Pierre Shoiry, president and CEO of the new combined entity. “We will now focus on combining our respective businesses and on generating revenue synergies, such as in the rail sector where … Read more

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Construction Employment Increases Amid Growing Demand, Worker Shortages

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Construction employment expanded in 236 metro areas, declined in 53 and was stagnant in 50 between September 2013 and September 2014, according to a new analysis of federal employment data released by the Associated General Contractors of America. Association officials said that as firms expand their payrolls, many are finding a limited supply of available qualified workers. “It is good news that construction employment gains have spread to more than two-thirds of the nation's metro areas,” said Ken Simonson, chief economist for the association. “But there is a growing risk that contractors in many of these regions will have trouble … Read more

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Tocci Building Companies Begins Construction of Rock Chapel Marine Headquarters in Massachusetts

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WOBURN, Mass. — Tocci Building Companies, a Boston, Massachusetts-area construction manager announced that it has broken ground on a new headquarters for Rock Chapel Marine located in Chelsea, Massachusetts. The two-story, 5,349 square-foot office space will provide an architecturally appealing base for the company. Tocci assisted the architect and owner through preconstruction and design efforts as they value engineered and tailored the project to best fit the owner’s vision. This “mighty little dynamo” is packed with architectural style and panache. The windows, shingle siding and roofing make a statement that harkens to Frank Lloyd Wright’s prairie-style architecture. In addition to … Read more

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