Accounting
DHG Webinar: M&A Outlook in Construction
Join DHG on Wednesday, October 14, 2020, for the next episode of our Emerging Strong series, join our panelists Mike Trammell of our Construction and Real Estate practice, Martin Schlaeppi of DHG Corporate Finance and Corey Wilhelm and Ben Redman of our Transaction Advisory practice as they discuss current M&A transaction trends in the construction…
DHG Building Bites with Ashley Israel: Recap of Executive Compensation Webinar
As a follow-up to the DHG Construction webinar about Executive Compensation, Ashley Israel of DHG Wealth Advisors discusses next steps for freshly minted executives. Given the various strategies firms employ to attract and retain high performing leaders, it is important to become familiar with the benefits and outcomes used. As a financial advisor, Ashley help…
DHG Building Bites with Stephanie Kaufman: Recap Women in Construction 2020
Stephanie Kaufman of DHG Search presented at Engineering News-Record’s 2020 Groundbreaking Women in Construction national conference. This was the 4th year in a row a representative of Dixon Hughes Goodman was selected to present on how employers can be more inclusive, diverse, and successful. Stephanie Kaufman presented on a panel with top ranked construction company…
Banking
BB&T Reinforces Commitment to Eastern North Carolina
BB&T Corporation (NYSE : BBT ) announced it will build an approximately 95,000-square-foot office facility on Pine Street in downtown Wilson, N.C. The new $35 million building will accommodate 650 BB&T associates who are currently working in the twin buildings at 223 West Nash St. or elsewhere in Wilson. BB&T expects to begin site work on…
Infintech Is CFMA’s Newest Affinity Program Partner
The Construction Financial Management Association (CFMA) is proud to introduce its newest Affinity Program Partner, Infintech. Ranked as one of Inc. Magazine’s Fastest Growing Companies, Infintech specializes in business-to-business and construction payment processing. Offering cutting-edge technologies and equipment, at the best prices, Infintech clients can then offer the convenient, secure payment options their customers need….
FMI Advises Enovity on Sale to Veolia
FMI Capital Advisors Inc., a subsidiary of FMI Corporation, is pleased to announce the sale of Enovity, a San Francisco-based energy services firm, to Veolia North America. FMI Capital Advisors acted as the exclusive financial advisor to Enovity for this transaction. Enovity is a strategic acquisition that complements Veolia’s existing SourceOne energy services business. Investing…
Finance / Bonding
Cherry Bekaert Expands Credits & Incentives Resources and Capabilities with Acquisition of the Tax Advantage Group
Cherry Bekaert LLP (“the firm”) announced the acquisition of the Tax Advantage Group (“TAG”), a specialized consulting firm that provides New Markets Tax Credit (“NMTC”) services to clients across the country. Based in Greenville, SC. TAG will now operate as Tax Advantage Group by Cherry Bekaert, and will bring six experienced professionals to Cherry Bekaert’s Credits…
Improving the Budget Process for Your Business
Budgeting may be considered a great equalizer among businesses of all types: at the end of the fiscal year, we all measure and analyze the previous year, as well as plan accurately for the next year with goals aligned to a strategic plan. However, the process leaves many businesses frustrated as they struggle with what…
Business Owners View 401(k)s as Advantageous, Yet Struggle to Communicate Benefits to Employees
It won’t come as a surprise that business owners view 401(k)s as advantageous both for their business and their employees. Yet, despite business owners seeing the advantages of 401(k)s, a gap exists in understanding how to effectively communicate 401(k) benefits to employees, according to a new survey from Nationwide. And with the Bureau of Labor…
Government Affairs
ABC Endorses President Trump for Reelection
Associated Builders and Contractors is proud to announce its endorsement of President Donald J. Trump for reelection. In a letter to the president, ABC President and CEO Michael D. Bellaman and ABC 2020 National Chair Tim Keating, owner and president of R. C. Stevens Construction Co., Winter Garden, Florida, said: “Your continued support for fair and open…
Senate Republicans’ Coronavirus Relief Measure Includes Provisions That Will Help Hard-hit Construction Firms Recover
July 27, 2020 – The chief executive officer of the Associated General Contractors of America, Stephen E. Sandherr, issued the following statement in reaction to the release today of Senate Republican’s latest coronavirus relief measure, the Heals Act: “Senate Republicans have crafted a relief measure that includes a number of vital provisions that will allow…
House Approves ABC-supported Great American Outdoors Act, Which Would Create 100,000+ Construction Industry Jobs
Washington, DC – July 22, 2020 – On July 22, the U.S. House of Representatives passed the Great American Outdoor Act (S. 3422/H.R. 1957), which was introduced by Sen. Cory Gardner (R-Colo.), by a vote of 310-107. The bill is expected to be signed into law by President Trump. Ahead of the vote, ABC sent…
Human Resources
102% Upsurge in Risk for Depression Among U.S. Workers Since February
The risk for depression among U.S. workers has risen an alarming 102% since February, according to findings from the Mental Health Index. The escalating threat of developing depressive mood disorder shows little sign of abating. Between June and July, the risk of depression climbed a staggering 31%. The Mental Health Index: U.S. Worker Edition, powered by Total…
Duke Energy Provides More than $1 million in Grants to Support Social Justice, Racial Equity
Duke Energy, through its foundation, today announced the recipients of more than $1 million in employee-directed grants to nonprofit organizations committed to social justice and racial equity. Grants will be distributed to 80 organizations across seven states where the company has electric and gas customers – North Carolina, South Carolina, Florida, Indiana, Ohio, Kentucky and Tennessee. On June 8, Duke Energy pledged $1 million to support social justice and…
Why My Heart is Broken: Becoming More Inclusive and Why it Matters
“There comes a time when silence is betrayal.” Dr. Martin Luther King, Jr. If I can be honest, I debated whether or not to say something publicly about the heartbreak, anger and despair many are feeling right now, both minorities and non-minorities. Sometimes, I’ve dealt with my sadness and frustrations about what’s happening in the world right…
Leadership
The Essential Soft Skills All Construction Workers Need
In the construction industry, laborers are used to hauling materials, managing equipment, and doing the heavy lifting. A great construction worker is used to showing their hard skills on the job site. But what about those all-important soft skills? The talents that land you your next job and help you be the go-to guy on…
The Importance of Happiness and Gratitude
Leaders from across Dixon Hughes Goodman LLP (DHG) gathered for our annual partner meeting earlier this fall. This event is an opportunity for us to come together as ONE DHG to re-energize, learn from one another, and hear from incredible speakers. As part of the meeting, we were honored to feature New York Times bestselling author, Shawn Achor,…
Life Coach, Xulon Press Author Releases Book on Living Without Limits
Within the pages of Tim Hart’s new book, Breaking Free: Life without Limits ($14.49, paperback, 9781545648070; $5.99, ebook, 9781545648087), readers will find a book about finding out how life can be more than merely existing. “What you do and how you live your life should make you feel fulfilled and feel that your contribution to…
Legal
Travelers Teams Up with Procore to Help Contractors Manage Total Cost of Risk
The Travelers Companies, Inc. (NYSE: TRV) today announced an exclusive agreement with Procore, a leading provider of construction management software, to help contractors manage the total cost of risk through improved operations and job-site safety. Procore’s construction platform connects entire project teams, from the office to the field and across companies. This provides key stakeholders –…
Elmore Goldsmith Ranked in Construction Executive’s Top 50 Construction Law Firms™
Elmore Goldsmith has been included in Construction Executive magazine’s list of “The Top 50 Construction Law Firms” in America for 2020. To determine the 2020 ranking, Construction Executive surveyed hundreds of law firms throughout the United States with a construction practice. The ranking considered the number of construction attorneys, the percentage of the firm’s revenues…
Positioned for Growth in Construction Sector: Elmore Goldsmith Kelley & deHoll, P.A.
Greenville, S.C. – Elmore Goldsmith announces the addition of two named partners and one new associate. Bryan Kelley, who has practiced with the firm since 2009, has been recognized as a named partner. Robert A. deHoll, who recently left Fox Rothschild to join the firm, is also becoming a named partner. Alan G. Jones joins…
Management
New Survey of Small Business Shows Slight Uptick in Optimism
Today, the National Small Business Association (NSBA) is releasing a new survey on how COVID-19 is impacting America’s small businesses and what they anticipate in the coming months ahead. The survey shows modest improvements in small-business confidence and economic outlook, and a lower overall impact of the pandemic. “Despite these gains in outlook, COVID-19 continues…
Business Lessons from a Professional Athlete
We use sports analogies often in the business world. Winning comes from motivation and determination. Practicing hard and focusing on the details will lead us to victory. Never give up until the game is over. The phrases could go on. But very rarely do those of us in business consider the possibility that a practicing…
Construction Employment Rises in 45 States
Forty-five states and the District of Columbia added construction jobs between July 2017 and July 2018, while 29 states and D.C. added construction jobs between June and July, according to an analysis by the Associated General Contractors of America of Labor Department data released today. Association officials cautioned that continued job gains may depend on…
Marketing
Top 5 Customer Experience Metrics to Grow Your Business
When selling a product or service, the user is one of your most important assets. Their input is vital to ensure continued satisfaction and buyer loyalty. The customer experience (CX) is multifaceted, meaning approaches from all angles are needed. Key performance indicators allow a company to see if it’s achieving all the key goals set…
Mashburn Construction Grows Corporate Marketing Team
Columbia, S.C. — Mashburn Construction is pleased to announce growth and promotion within the company’s corporate marketing department. Lee Mashburn, President of Mashburn Construction says, “Despite these very difficult times, we continue to invest in our employees. To keep in line with our strategic goals, we are proud to promote Lindsey Culley to oversee our marketing efforts…
ABC Carolinas Webinar: Marketing in a Dynamic Environment
Be sure to register for this timely informational webinar on Strategic Marketing scheduled for Tuesday, August 18, 2020. The featured speaker is marketing expert Brian Gallagher, Vice President of Corporate Development for Graycor.
Operations Management
9 Tips for Construction Business Owners Looking to Optimize Their Business
Every year there are lists of construction business owners making billions of dollars while others go out of business. Running a business is hard, and it’s even harder in an industry like construction. However, many of these top performing construction businesses have a series of tips and tricks they’ve learned to run a business successfully….
New Website for Outer Banks Pool & Landscape Designer Makes a Splash
Outer Banks Media (OBX Media), a North Carolina-based digital marketing agency specializing in website design, search engine optimization and internet marketing, announces the completion of a website redesign for their client, Southern Scapes Pool & Landscape Design (Southern Scapes). Southern Scapes has been in business since 1998, and is a family owned business specializing in pool…
Integrated Delivery – Why Is It?
Integrated delivery is a delivery method that embraced 360 degree collaboration between all the stakeholders on a project; including designers, consultants, general contractor, subcontractor, vendors, and yes the owner. Design-build (DB) and Integrated Project Delivery (IPD) are two examples of integrated delivery. There are numerous differences between the various contract forms of both DB and…
Risk Management
Reducing Insurance Costs though Documentation and Data Management
Operating any business, especially a construction business, requires the company to purchase insurance as a form of protection. The costs of insurance can be substantial to ensure the company is adequately covered and protected. Insurance costs tend to increase depending on the level of risk of the company. Besides shopping for competitive insurance policies, are…
Travelers Teams Up with Procore to Help Contractors Manage Total Cost of Risk
The Travelers Companies, Inc. (NYSE: TRV) today announced an exclusive agreement with Procore, a leading provider of construction management software, to help contractors manage the total cost of risk through improved operations and job-site safety. Procore’s construction platform connects entire project teams, from the office to the field and across companies. This provides key stakeholders –…
Catalyst Expands Product Offerings, Launches Commercial Insurance Division
Charlotte-based Catalyst Surety Partners, LLC (Catalyst), with plans to open a Columbia office in April, recently announced the formal launch of a commercial insurance division. Since the agency’s founding in 2014, Catalyst’s singular aim has been to help contractors succeed. To date Catalyst has worked to live up to that aspiration by providing just one…
Strategy
The Wooten Company Opens New Winston-Salem Regional Office
The Wooten Company, an engineering consulting firm celebrating its 80th anniversary this year, announced on Monday that it has opened a new Regional Office in the Old Salem Historic District of downtown Winston-Salem, NC. Overseen by Regional Manager John Grey, PE, the office was previously located in Asheboro, NC, from where it served the towns,…
Integrated Delivery – Why Is It?
Integrated delivery is a delivery method that embraced 360 degree collaboration between all the stakeholders on a project; including designers, consultants, general contractor, subcontractor, vendors, and yes the owner. Design-build (DB) and Integrated Project Delivery (IPD) are two examples of integrated delivery. There are numerous differences between the various contract forms of both DB and…
Should You Get Out of the Contracting Business?
That may seem like a strange resolution for a contractor. However, it might be the best advice you ever receive. How many people do you think wake up in the morning and say to themselves, “I can’t wait to hire a contractor today?” If you do service work, it’s even worse. No one wakes up…
More Business
FMI Releases 2020 CIRT Sentiment Index: Fourth Quarter Report
Results from the fourth quarter 2020 survey show a continued return to confidence, seen in both the Sentiment Index and in the Design Index. The Sentiment Index increased slightly, rising from 52.1 to 54.2, and the Design Index improved from 49.3 to 64.8. This trend is reflective of the cautious optimism toward stability for next…
Frampton Construction Tops SCBiz Roaring Twenties List of Fastest Growing Companies
Charleston, S.C. – Frampton Construction Company, LLC, a full-service construction firm providing planning and design support, preconstruction, and construction services, has been named one of the 40 fastest growing companies in South Carolina for 2020 by SC Biz News. Twenty large companies and 20 small companies were named to the statewide Roaring Twenties list presented annually…
Magnus Development breaks ground on Midway Logistics VI in Lexington County Industrial Park
Columbia, SC, October 15, 2020 – Magnus Development has broken ground on their newest industrial speculative development, Midway Logistics VI, located in Lexington County Industrial Park in West Columbia, S.C. Colliers International | South Carolina’s industrial brokerage team is handling the leasing. Chuck Salley, SIOR, Dave Mathews, SIOR, Thomas Beard and John Peebles of Colliers’ Columbia…
RMF Engineering Announces New Board Appointment, Three New Stockholders, All Carolinas-Based
RMF Engineering today announced the election of division manager Greg Carnathan to the firm’s board of directors along with three new stockholder additions: Jonathan Eveleth, Avery Monroe, and Don Zimmerman. “RMF has always been proud of the capabilities and successes of our team,” said RMF president and CEO Kenneth Pitz, PE. “Greg, Jonathan, Avery, and Don not…
