“It’s getting better out there,” said ABC Chief Economist Anirban Basu. “While the outlook for construction remains imperfect, extraordinarily low interest rates have created enough appetite for deal-making to push backlog higher and persuade the average contractor that sales, employment and profit margins will climb over the next six months.”
Blue Team Holdings, LLC, a national restoration, construction and roofing services provider for commercial portfolio owners and operators, has acquired Sendero Restoration Services, LLC, a roofing and general contracting construction company specializing in insurance restoration, roofing and exterior repairs servicing the commercial sector.
Kauai Restoration & Cleaning, Inc. is a Lihue, Hawaii, based water restoration, mitigation and reconstruction service provider. The acquisition is part of First Onsite’s expansion strategy to attain operational excellence for clients by focusing on geographical expansion and timely response.
In this episode of Ask Annissa, Annissa Coy addresses the confusion that comes with multiple team members providing different answers to the same client question. Watch to learn about the value of assigning a single point of contact from the start for clients and staff.
The merged companies will continue as BluSky Restoration Contractors, operating 41 offices in 18 states. JCR president Warner Cruz will step away from day-to-day operations of the merged company and join the BluSky corporate development team. Kent Stemper will continue as CEO of the merged firm.
Single Source Disaster Recovery Specialists, a Rhode Island-based property damage cleanup and reconstruction contractor, is celebrating its 50th anniversary. The company is commemorating the milestone with a gift to fund a four-year scholarship to the Carpenter Apprenticeship Program at Roger Williams University.
In this episode of Ask Annissa, Annissa Coy answers a common question she feels passionately about: Should restorers work with insurance adjusters, or ignore them and work solely with the insured?
National nonresidential construction spending was up 0.9% in October, according to an Associated Builders and Contractors analysis of data published by the U.S. Census Bureau. On a seasonally adjusted annualized basis, nonresidential spending totaled $814.2 billion for the month.
Associated Builders and Contractors’ board of directors elected Stephanie Schmidt, president of Poole Anderson Construction, State College, Pennsylvania, as the 2022 ABC national chair of the board of directors during a meeting at the association’s annual Leadership Institute in Aventura, Florida.
Venture Construction Group of Florida (VCGFL) sponsored the Palm Beach Walk to Defeat ALS on Nov. 13. The virtual event raised $34,240, nearly 26% of its $130,000 goal.
