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Finance, Bonding, & Insurance

Marsh McLennan to Acquire McGriff Insurance Services

September 30, 2024

Marsh McLennan (NYSE: MMC), a global leader in risk, strategy and people, today announced that it has reached an agreement through its Marsh McLennan Agency business to acquire McGriff Insurance Services, LLC, an affiliate of TIH. McGriff is a leading provider of insurance broking and risk management services in the United States, with $1.3 billion of…

Vantage Risk Introduces U.S. Large Property Insurance

April 26, 2024

Vantage Group Holdings Ltd. (Vantage) launched today its U.S. Large Property offering through its U.S. insurance subsidiaries, further extending the company’s insurance capabilities for its brokers and clients. Vantage’s new U.S. Large Property team builds on the group’s existing property expertise and sustained portfolio growth. Designed to serve a broad range of middle market and corporate…

Streamline Your Construction Lien Management with Bectran and NCS Credit Integration

March 28, 2024

Bectran, Inc., the industry leader in credit, collections, and accounts receivable management technology has announced a new collaboration with NCS Credit, a renowned provider of Mechanic’s Lien, UCC, and collections solutions. This partnership unveils an innovative Mechanic’s Lien integration solution tailored specifically for construction professionals, providing users with a streamlined approach to safeguard their projects and efficiently…

Sharp Increase in Economic Confidence across North America

January 18, 2024

The ACCA and IMA® (Institute of Management Accountants) Global Economic Conditions Survey (GECS) shows confidence rebounded sharply in North America in Q4 in 2023, after a large fall in Q3. Confidence declined among accountants globally for the third consecutive quarter, consistent with a further moderation in global growth. The survey doesn’t suggest that a major downturn is on the…

FMI Corporation Acquires Investment Bank SLATE Partners

October 19, 2022

Co-founded by Aaron Bachik and Jason Munoz in 2014, SLATE Partners provides sell-side and buy-side mergers and acquisitions (M&A) advisory services to companies in the building materials and building services industries nationwide. The firm’s clients include family and entrepreneur-owned businesses as well as private equity-backed companies. The acquisition of SLATE Partners brings significant complementary talent…

BuildersRisk.Net Insurance Succeeds Sells 2554 Policies During 2021

July 20, 2022

The construction segment has faced many challenges during the COVID-19 pandemic, from supply chain disruptions and material shortages to social distancing requirements and sick workers. After a turbulent market in 2020, certain lines of business are experiencing some stabilization. However, 2021 was a banner year for the construction industry, and until today, consumer appetite for new…

Built Helps Construction Lenders Manage Risk with Project Pro

July 6, 2022

Built Technologies (Built), the fastest growing construction finance platform in the U.S., today announced Project Pro, the first-of-its-kind contractor management and project monitoring solution for lenders. Construction lenders around the world are limited in their ability to monitor and manage the risks of their construction portfolio. They often lack specialized tools built for construction financing that…

Flexbase Announces First-Ever Credit Card for Construction Industry

November 11, 2021

Flexbase, the automated payment platform for contractors and the construction industry that delivers faster and more efficient payments, announced the first-ever credit card specifically for construction companies, targeting small- and mid-sized businesses (SMBs). Flexbase Card is available immediately nationwide, offering up to 60 days interest-free credit and numerous other benefits. “For years, slow payments and…

Majority of Construction ESOPs Not Significantly Impacted by COVID-19

February 14, 2021

Prairie Capital Advisors, Inc. (“Prairie”), a leading middle-market investment bank, recently released its ESOP Construction Industry Survey. Prairie works with owners of private construction businesses across the country, providing advisory services to support their growth and ownership transition strategies. Many of its clients in the construction industry have decided on an ESOP as part of…

Cash Flows Versus Profitability

December 24, 2020

Every business owner knows that cash is king. For a business to be successful, it must have good cash flow. However, for a business to be valuable, it must also be predictably profitable. And as we’ll see, these are not always the same thing. As an example, I recently worked with a business owner, who…

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What We’re Reading

  • Mount Airy manufacturer seeks Surry County incentives for $12M expansion
    Source: Business North Carolina Published on May 28, 2025
  • Grace Church plans youth ministries center in downtown Greenville
    Source: Upstate Business Journal Published on May 28, 2025
  • Spartanburg/East Upstate notes: Designs complete for Spartanburg city/county complex
    Source: Upstate Business Journal Published on May 28, 2025
  • Williams Development, True Homes launch 231-home project in Winston-Salem
    Source: Business North Carolina Published on May 27, 2025
  • Turkish company to make $82 million investment in Goldsboro, create 216 jobs
    Source: Business North Carolina Published on May 27, 2025

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