Corporate News

  • CLOs, ACC, lawyers, 2025 in-house trends
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    Q&A

    Why construction M&A activity is likely to continue in 2026

    Tariffs and new tax laws have given foreign-based engineering firms incentive to establish a beachhead within the U.S. to lower costs, according to an attorney. 

    By • Jan. 12, 2026
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    Permission granted by Chad Case/Boise Airport
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    Hensel Phelps starts 2026 with new CEO

    Brad Jeanneret, formerly the COO, will step into the role as Mike Choutka transitions to chairman of the board.

    By • Jan. 8, 2026
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    Moss acquires Ellison in Florida builder roll up

    Moss will bring Tampa-based Ellison Construction into its building business, while Ellison’s development and owner advisory arms will operate separately.

    By • Jan. 6, 2026
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    Courtesy of Swinerton
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    Swinerton begins 2026 with exec shuffle

    Longtime finance lead Don Adair, who has been with the company since 1988, will retire Jan. 9.

    By • Jan. 5, 2026
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    WSP buys power infrastructure firm in latest M&A move

    With a total cash purchase price of $3.3 billion, WSP claims the deal will position it as the largest engineering and design firm in the U.S. by revenue.

    By • Dec. 19, 2025
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    Skender taps executives for new C-suite roles

    The promotions bookend a year of major leadership changes for the Chicago contractor, including the appointment of a new CEO in January.

    By • Dec. 15, 2025
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    Courtesy of HS2
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    Balfour Beatty touts growth despite US weakness

    The U.K. construction market continues to propel the contractor even as its U.S. segment experiences difficulties, according to its end-of-year trading update.

    By • Dec. 5, 2025
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    Courtesy of Suffolk Technologies
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    Suffolk touts its 2025 contech startup picks

    As builders grow more technologically literate, the Boston-based contractor showcased the cohorts of its sixth BOOST contech startup accelerator.

    By • Dec. 3, 2025
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    Permission granted by Mark Lee
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    Deadline extended for Construction Dive’s Holiday Lights contest

    Enter your brightest jobsite photos by Dec. 18 for a chance to be featured in our roundup of festive cheer across the construction industry.

    By • Updated Dec. 15, 2025
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    Ron Jenkins/Getty Images via Getty Images
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    Builders leaned on infrastructure amid shutdown uncertainty

    Four years after the passage of the IIJA, funding remained strong during Q3 2025 as public contractors dug into civil jobs and the ongoing data center boom.

    By Construction Dive Staff • Nov. 26, 2025
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    Mario Tama/Getty Images via Getty Images
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    Jacobs reports 5x jump in data center pipeline

    CEO Bob Pragada pointed to data centers, life science builds, semiconductor fabs and water infrastructure as core drivers for next year on the company’s fiscal fourth quarter earnings call.

    By • Nov. 21, 2025
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    Courtesy of Skidmore, Owings & Merrill
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    AECOM sees strong infrastructure construction cycle ahead

    The Dallas-based company signaled a long pipeline of civil work on its Q4 earnings call and revealed plans to sell its construction management arm.

    By • Nov. 19, 2025
  • A person wearing safety gear with the branding of Turner Construction on the jobsite.
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    Courtesy of Turner Construction
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    Turner rolls out Clearstory’s change order tech

    The New York City-based contractor will implement the startup’s solution, which it has used on over 350 projects, across jobsites for all project teams.

    By • Nov. 17, 2025
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    M&A activity ticks up across the construction industry

    Construction firms, contech providers and consultants have all made recent deals to combine forces or expand into new markets. 

    By • Nov. 13, 2025
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    Courtesy of Granite Construction
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    Granite’s materials business paves way to revenue growth

    The California-based road builder swelled its aggregates arm with another acquisition during Q3, while some jobs took longer during preconstruction than expected.

    By • Nov. 10, 2025
  • Construction of the LAX Automated People Mover guideway over Sepulveda Boulevard in Los Angeles
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    Courtesy of Brandon Tseng/Los Angeles World Airports
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    Fluor posts Q3 loss, remains bullish on power projects

    A $653 million charge on a long-completed LNG project in Australia undercut results, though executives still expect a bounceback.

    By • Nov. 7, 2025
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    Courtesy of Tutor Perini
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    Tutor Perini posts $21.6B backlog, buoyed by infrastructure spending

    The Los Angeles-based heavy civil contractor added $2 billion to its pipeline in the third quarter and sees $25 billion in bid opportunities on the horizon.

    By • Nov. 7, 2025
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    WSP downplays M&A rumors, government shutdown

    The Montreal-based builder recorded gains across its backlog, profits and revenue year over year in Q3 while affirming its commitment to the North American market.

    By • Nov. 7, 2025
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    Courtesy of Turner Construction
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    Turner unveils ‘wall to wall’ partnership with OpenAI

    Announced at its innovation summit in Nashville, Tennessee, the two-year deal will help the contractor accelerate its artificial intelligence use, the company said.

    By • Nov. 5, 2025
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    As M&A ramps up, Cumming Group acquires LeftField

    The move, which comes amid a flurry of acquisition activity, doubles Cumming Group’s size in the New England region.

    By • Nov. 3, 2025
  • HSR review, intangible assets, GAAP, FTC, DOJ
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    WSP reportedly eyes Jacobs with multibillion-dollar offer

    StreetInsider reported Jacobs hired investment bankers to consider the bid, but swallowing the Dallas-based contractor whole could pose challenges for WSP, an analyst wrote.

    By • Oct. 27, 2025
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    Courtesy of Sundt Construction
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    Sundt names new CEO

    Cade Rowley, who joined the Tempe, Arizona-based contractor in 1998 as a field engineer, takes over the top C-suite role.

    By • Oct. 21, 2025
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    Permission granted by Mark Sobhani Photography / Zachry Construction
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    Zachry Construction acquires Texas water infrastructure firm

    The deal will help Zachry hone in on the fast-growing water construction market.

    By • Oct. 3, 2025
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    Permission granted by Procore
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    Procore names first new CEO in over 2 decades

    The contech giant has picked a Hewlett-Packard vet to lead the firm as founder Tooey Courtemanche steps away from the C-suite.

    By • Sept. 24, 2025
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    Courtesy of SmithGroup
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    Project Wins

    Tutor Perini unit lands $960M California children’s hospital job

    Subsidiary Rudolph and Sletten will build a seven-floor facility in Oakland for UCSF as well as an adjacent parking structure with a rooftop heliport deck. 

    By • Sept. 15, 2025