First Look – February 2025

TOP NEWSKnife River AcquisitionKnife River has entered into a definitive agreement to acquire Strata Corp., a construction materials and contracting services provider in North Dakota and northwestern Minnesota. Based on Strata’s projected 2025 Adj. EBITDA, the purchase price of $454 million reflects a multiple in the high single digits. Chaney Materials WebsiteMid-Atlantic and Southeastern Region construction materials supplier Chaney Enterprises…

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The AVP Pulse Index for January

Jan. 20, 2025 – The AVP Pulse Index this month dropped 0.1% month-over-month, while increasing 5.9% year-over-year; and 11.4% over the past 36 months.  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…

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The Consumer Strengthens

“It’s all over but the shouting.” The expression’s first use in print was in 1842, by Welsh sportswriter Charles James Apperley when reporting a late score in a sporting event. As so it is with the election, but as I have said many times before, election outcomes have near-zero impact on our businesses, and life goes on. Even before the…

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First Look – December 2024

TOP NEWS Vulcan MaterialsVulcan Materials Co. announced results for the quarter ended Sept. 30, reporting total revenues of $2,004 billion, versus $2,186 in the third quarter of 2023. Year-to-date, the company is reporting revenues of $5,564 billion versus $5,948 billion for the same period in 2023. Martin Marietta MaterialsMartin Marietta Materials Inc. reported results for the third quarter ended Sept.…

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The AVP Pulse Index for November

Nov. 18, 2024 – The AVP Pulse Index this month rose 0.9% month-over-month, while increasing 8.1% year-over-year; and 12% over the past 36 months. 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…

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First Look – November 2024

TOP NEWS MINExpo 2024 Breaks All RecordsMINExpo 2024, held Sept. 24-26 in Las Vegas, hosted 45,000 attendees and more than 2,000 exhibitors from 148 countries who came to see more than 850,000 sq. ft. of exhibits, breaking all prior show records. MINExpo is the world’s largest mining show and is produced by the National Mining Association (NMA). CDE, Granite Unveil…

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The Fed Goes Big

That was the subject line on an end-of-day email from one of the major business media enterprises on a Wednesday afternoon in mid-September. It was the day the Fed held its regular meeting, and ended speculation as to whether the all-but-assured rate cut would be 25 basis points, or a more aggressive 50 points. And 50 it was, but it…

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The AVP Pulse Index for October

Oct. 1, 2024 – The AVP Pulse Index this month dropped 0.4% month-over-month, while increasing 3.5% year-over-year; and 14% over the past 36 months. 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.

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The AVP Pulse Index for October

Oct. 1, 2024 – The AVP Pulse Index this month dropped 0.4% month-over-month, while increasing 3.5% year-over-year; and 14% over the past 36 months. 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…

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A Mid-Year Look at the Housing Market

Interest rates have been elevated for a long time now, a stretch spanning the longest period for high interest rates that we can remember. Starting in March 2022, rates have ratcheted up to their current levels and have been there for 2½ years now. But as I have been predicting for some time, rates will come down, although the timing…

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