The AVP Pulse Index for December

Dec. 27, 2023 – The AVP Pulse Index this month rose 0.6% month-over-month, while increasing 3.8% year-over-year.  The proprietary AVP Pulse Index – a joint effort between mergers and acquisition advisors Allen-Villere Partners, and Rock Products – illustrates the health of the industry in one single trend line, using relevant data that is updated monthly or quarterly. “With our proprietary algorithm, a…

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Dean Sunas Named GCAA Board of Directors Chairman

Dean Sunas has been named Georgia Construction Aggregate Association (GCAA) board of directors chairman for 2023-2025, according to Executive Director Jeff Wansley. Sunas is the South Division president for Vulcan Materials Co. He graduated in 1991 with a Bachelor of Science in Building Construction from Auburn University and earned a Master of Business Administration from University of Alabama at Birmingham…

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THE PULSE

By Allen-Villere Partners THE PULSE: CONSTRUCTION MATERIALS MARKET ANALYSISThe Federal Reserve raised its benchmark rate 11 times to cool inflation, with the last rate increase in July. Most recently, the Federal Reserve held rates steady in December for the third straight time and acknowledged a possibility of three rate cuts in 2024. PIERRE VILLERE’S MARKET ASSESSMENTThe final quarter of the…

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Dodge Construction Network Outlook 2024 Report Predicts Growth

After a year in which the economy and starts slowed considerably, the coming year should provide a transition to stronger growth for construction, according to the Dodge Construction Network’s (DCN) Outlook 2024 economic report. In 2024, total construction starts are expected to gain 7% to $1.2 trillion after growth slowed to just 1% in 2023 (and was down 2% after…

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MSHA’s November Impact Inspections: 184 Violations at 14 Mines

The U.S. Department of Labor’s Mine Safety and Health Administration completed impact inspections at 14 mines in 10 states in November 2023, issuing 184 violations and one safeguard. The agency began impact inspections after an April 2010 explosion in West Virginia at the Upper Big Branch Mine killed 29 miners. To date, MSHA’s impact inspections in 2023 have identified 2,491…

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SRM Acquires R.W. Sidley, Elyria Concrete

SRM Concrete has acquired the assets of R.W. Sidley Inc. a ready-mix concrete supplier based out of Painesville, Ohio. This acquisition includes 11 ready-mix plants, one block plant and two aggregate docks. CEO Jeff Hollingshead stated, “We are excited to bring the Sidley team onboard here at SRM Concrete. We look forward to strengthening our customer service capabilities in the…

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