Sunroc Corp., a construction services company serving Utah, Idaho and Wyoming, announced it has closed on the asset acquisition of Roosevelt, Utah-based Tri-County Concrete. The acquisition will amplify Sunroc’s current service area in Utah, making the company among the largest sandand gravel, ready-mixed concrete and construction service companies in the state.
Read MoreMonth: November 2018
New Construction Starts Climb 21 Percent; Highways Soar
New construction starts in October climbed 21 percent to a seasonally adjusted annual rate of $864.0 billion, according to Dodge Data & Analytics. The substantial increase followed three straight months of decline, during which the pace of total construction starts fell 22 percent from the exceptionally strong volume reported back in June.
Read MoreNRP Sells VantaCore Construction Aggregates Business
Natural Resource Partners L.P. (NRP) announced that it has signed a definitive agreement to sell its construction aggregates business segment, VantaCore Partners LLC, to an affiliate of Sun Capital Partners Inc. for $205 million before transaction expenses and customary purchase price adjustments.
Read MoreNSSGA Hires Fuqua
The National Stone, Sand & Gravel Association (NSSGA) announced that it has hired Chuck Fuqua as its vice president of communications. Fuqua brings over two decades of experience in communications while working in government, politics and trade associations. At NSSGA, Fuqua will be charged with leading communications efforts to represent the aggregates industry and advance its policy positions. “I am excited…
Read MoreGolden Gate Capital Acquires Active Minerals International
Golden Gate Capital completed the acquisition of Active Minerals International LLC from Merit Capital Partners. AMI will continue to be led by its current management team, including President and Chief Executive Officer Dennis Parker. Management will retain a significant ownership stake in the business. Financial terms of the transaction were not disclosed.
Read MoreDel Mar College Adds Vortex Simulator
CM Labs Simulations is helping Del Mar College’s Division of Workforce and Economic Development to narrow the skilled labor gap by implementing a Vortex Advantage simulator in its heavy equipment operator training program.
Read MoreMake Room for Millennials at the Jobsite
Construction has often been considered one of the last industries to embrace technology. That is starting to change, however, as aggregates and construction companies look for new ways to alter the mindset of those at the jobsite.
Read MoreOptimism Versus Pessimism
At the recent Intercem Americas conference in Miami, Colin Sutherland, president of SC Market Analytics, talked about infrastructure market dynamics that will impact the construction economy. He provided an optimistic versus pessimistic forecast. Here are some of his conclusions:
Read MoreFIRST LOOK – NOVEMBER 2018
Top News Peckham Industries Acquires Palmer Paving Peckham Industries Inc. completed the acquisition of Palmer Paving Corp., a heavy highway construction and materials business based in Palmer, Mass. Palmer’s operations, seasoned business management team and more than 150 employees will remain intact and will provide Peckham with expanding business opportunities in the region. NSSGA Holds Legislative Forum Environmental Protection Agency…
Read MoreCat 990K Aggregate Handler Boosts Wheel Loader Production
Caterpillar introduced the 990K Aggregate Handler, designed to handle greater payloads in aggregates yard applications. With as much as a 25 percent payload increase, as compared to the standard 990K, the new Aggregate Handler enables customers to load trucks and railcars faster and to move more material in load-and-carry and stockpile management tasks. The Cat 990K Aggregate Handler has a…
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