Your source for construction industry news in the Carolinas
FMI Capital Advisors is pleased to announce the sale of LCCI Ready Mix Concrete (LCCI) to Quikrete. FMI Capital Advisors served as the exclusive sell-side financial advisor to LCCI for this transaction. LCCI is a premier ready-mix concrete (RMC) provider headquartered in Metairie, Louisiana. Founded in 2012, LCCI serves Southeast Louisiana, including Orleans, Jefferson, St….
FMI Corporation, a leading provider of consulting and investment banking services to the built environment, released the 2025 North American Engineering and Construction Industry Overview today. The report provides a comprehensive forecast for a broad range of construction and engineering segments in the U.S. and Canada for 2025. FMI expects engineering and construction spending to end 2025 up 2%…
FMI recently released their 2024 third quarter Civil Infrastructure Construction Index (CICI). According to the management consulting firm, the CICI dropped almost six points in the second quarter, signaling a potential cool down in the civil infrastructure space. This quarter respondents said bid prices dropped while new competitors in their markets increased, indicating a tighter…
FMI recently released its 2024 North American Engineering and Construction Outlook: Third Quarter. According to the report, total construction spending is expected to reach $2 trillion in 2024, a 5% increase over 2023. However, this signals a slowing growth trend, with future increases likely to stabilize from 3% to 5% over the next five years….
FMI recently released their 2024 North American Engineering and Construction Overview: Second Quarter. According to the Outlook, engineering and construction spending is expected to end 2024 up 5%, but not all sectors will be the same. Manufacturing, lodging, and highway and street look poised for double-digit growth while those in the multifamily and commercial sectors…
FMI Capital Advisors is pleased to announce the sale of Weeks Marine, Inc. (Weeks), one of the largest marine, dredging and tunneling contractors in North America, to Kiewit Corporation (Kiewit). FMI Capital Advisors served as the exclusive financial advisor to Weeks for this transaction. “This acquisition offers substantial opportunities for both companies,” said Kiewit CEO…
FMI Corporation, the leading provider of consulting and investment banking services to the built environment, in partnership with Procore Technologies, Inc. (Procore), today released The State of Global Preconstruction report. The report discusses the current environment for preconstruction and the characteristics of organizations that do it well, including what constitutes above-average preconstruction processes and the effects of efficient and…
FMI Corporation, the leading provider of consulting and investment banking services to the built environment, released the 2022 Engineering and Construction Industry Overview today. The report provides a comprehensive forecast for a broad range of construction and engineering segments in the U.S. and Canada for 2022. Entering 2022, FMI expects construction spending to increase by 5%. But…
FMI Corporation, a leading consulting and investment banking firm serving the built environment, announces a strategic partnership with the U.S. Minority Contractors Association (USMCA), a nonprofit that helps and advocates for minority business owners, contractors and subcontractors. FMI will serve as a strategic partner and consultant to USMCA, helping the association expand member services and…
FMI Corporation, a leading provider of consulting and investment banking services to the built environment, is pleased to announce the release of the first quarter 2021 Heavy Civil Construction Index (HCCI) report, which presents construction spending forecasts for transportation, highway and street construction segments. This quarter’s questions polled participants about capacity, backlog and hiring goals for 2021….
