Corporate News: Page 10

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    Executive Moves

    STO Building Group creates COO, other C-suite roles

    Company veteran Greg Dunkle will support the 14 brands in the firm's portfolio amid an updated organizational structure.

    By • Dec. 14, 2023
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    Courtesy of LPA Design Studios/Jun Tang
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    Executive Moves

    Swinerton CEO to retire in January

    President David Callis will succeed Eric Foster, who oversaw expansions into mass timber, maintenance and industrial work over his 42-year tenure.

    By • Dec. 11, 2023
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    Tom Shaw via Getty Images
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    Balfour Beatty backlog, revenue inch up in year-end update

    The company expects marginal gains driven by its work on Phase 1 of Britain’s HS2 rail project and increased airport construction activity in Hong Kong.

    By • Dec. 11, 2023
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    Permission granted by IFS
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    Sponsored by IFS

    The biggest industry drivers behind the growing need for excellent project financial control

    Discover the urgent need for robust project financial control in the competitive construction landscape.

    Dec. 11, 2023
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    Courtesy of Universal Destinations & Experiences
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    Project Milestones

    Construction starts on $550M theme park in Frisco, Texas

    Balfour Beatty broke ground last month on Universal Kids Resort, which includes a 300-room hotel, rides and shops.

    By • Dec. 8, 2023
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    Courtesy of Granite Construction
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    Granite buys 2 Memphis asphalt firms for $278M

    The move makes good on the California road builder’s promise to expand its aggregates and materials business in new markets. 

    By • Dec. 7, 2023
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    Courtesy of HITT Contracting
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    HITT unveils plans for high-tech HQ

    Space on the first floor of the company’s six-story, 270,000-square-foot headquarters in Falls Church, Virginia, will house Virginia Tech’s Coalition for Smart Construction.

    By • Dec. 6, 2023
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    Executive Moves

    Gilbane promotes Heidi DeBenedetti to COO

    During her nine-year tenure with the firm, DeBenedetti has led 650 employees and overseen annual revenue over $1.5 billion.

    By • Dec. 5, 2023
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    Executive Moves

    Swinerton taps new Carolinas lead

    Following increased investment in the Atlanta market, the appointment demonstrates how bullish the contractor is on the region’s potential.

    By • Dec. 1, 2023
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    Permission granted by Dbox/Foster + Partners © 2023 Mayo Foundation for Medical Education and Research (MFMER). All rights reserved.
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    Project Wins

    Gilbane nabs $5B Mayo Clinic expansion in Minnesota

    The medical complex in Rochester will feature buildings with rooms and floors that can convert to different functions, removing a typical limitation in healthcare construction.

    By • Nov. 30, 2023
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    Courtesy of Turner Construction
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    November 2023 wins: Contractors report their latest awards

    Construction Dive rounds up the newest project wins from some of the country’s biggest builders.

    By Construction Dive Staff • Nov. 29, 2023
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    lucadp via Getty Images
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    Profits fall for many public firms, partly due to inflation

    Amid soaring costs, several construction industry giants reported lower gains in recent earnings reports.

    By Construction Dive Staff • Nov. 28, 2023
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    istockphoto.com/ipopba

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    Sponsored by Procore Technologies

    Planning for the year ahead: A look at how we build now

    Get insights from more than 1,000 construction professionals to help paint a better picture into how leaders are thinking about the economy, its impact on construction and planning for 2024.

    Nov. 27, 2023
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    Courtesy of Jacobs Solutions
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    Jacobs profits drop amid higher backlog, strategy shift

    The firm will combine its government services business with Amentum, a global engineering and technology solutions provider.

    By • Nov. 21, 2023
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    gradyreese via Getty Images
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    Opinion // Business Matters

    3 steps to a profitable exit strategy

    To make the most money when it’s time to sell, owners need to focus on building value in their firms, writes construction consultant Matt Verderamo.

    By Matt Verderamo • Nov. 21, 2023
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    JHVEPhoto/iStock Editorial/Getty Images Plus via Getty Images
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    Executive Moves

    Ron Tutor to step down as Tutor Perini CEO in 2025

    Gary Smalley, the firm’s CFO since 2015, will succeed Tutor as chief executive officer. 

    By • Nov. 17, 2023
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    Contech surpasses $30B in total venture funding

    More construction technology providers will reach unicorn status even as venture capital slows in other sectors, according to an investment firm focused on the industry.

    By • Nov. 15, 2023
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    lucky-photographer via Getty Images
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    AECOM’s profits plunge on higher revenue, backlog

    CEO Troy Rudd said the strong U.S. dollar, which erodes the value of international contracts paid with foreign currency, impacted results.

    By • Nov. 15, 2023
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    Permission granted by MGAC
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    Q&A

    ‘Each day comes with surprises,’ project manager says

    MGAC’s Kristina Leighty sees her role as the glue that holds a job together.

    By • Nov. 15, 2023
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    Executive Moves

    WSP’s US CEO to retire

    The Montreal-based firm has initiated a search to replace Lou Cornell, a construction industry veteran who has also worked at Jacobs and AECOM.

    By • Nov. 14, 2023
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    Permission granted by Miami in Focus
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    Executive Moves

    Suffolk taps Tutor Perini veteran for gaming exec role

    Prior to his arrival, Chris Creasey worked on gaming projects in Las Vegas, Florida and California.

    By • Nov. 13, 2023
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    Tutor Perini’s loss widens on continued legal disputes

    The Los Angeles-based heavy civil contractor said it is working to resolve most of its outstanding litigation by the end of 2024.

    By • Nov. 13, 2023
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    art2002 via Getty Images
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    WSP’s profit, revenue, backlog up in Q3

    The Montreal-based firm sees a positive outlook for its green transition work and reaffirmed the guidance that it raised last quarter.

    By • Nov. 9, 2023
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    Microsoft-backed study shows AI investments producing returns

    For every $1 companies invest in AI, they are realizing an average of $3.50 in return, the report says.

    By Alexei Alexis • Nov. 8, 2023
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    Opinion // Business Matters

    8 ways to build your brand

    Contractors often downplay marketing efforts and instead rely on word-of-mouth connections, but a few simple steps can help find new clients, says a construction branding expert.

    By Chemene Phillips • Nov. 7, 2023