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Your source for construction industry news in the Carolinas

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Finance / Bonding

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…

Cherry Bekaert Expands Credits & Incentives Resources and Capabilities with Acquisition of the Tax Advantage Group

April 3, 2020

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

December 16, 2019

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

October 29, 2019

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…

Recession Unlikely in First Half of 2020, Says Mellon Investment Strategist

September 18, 2019

The Fed is likely to cut interest rates twice more in 2019, the 2020 presidential election will have little to no effect on a booming economy, and the answer to the question everyone wants to know about the likelihood of a recession in the coming months is a resounding no. The mostly rosy economic forecast laid out…

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What We’re Reading

  • Upstate Beat: Randall Bramblett Band brings gritty, grown-up rock and blues to The Spinning Jenny
    Source: Greenville Journal Published on February 6, 2023
  • N.C. State mulling moving b-school to Centennial Campus
    Source: Business North Carolina Published on February 6, 2023
  • Day in the life: Bon Secours Wellness Arena’s director of event production
    Source: Greenville Journal Published on February 6, 2023
  • Renderings: Clemson Athletics announces $50M performance and wellness center
    Source: Greenville Journal Published on February 6, 2023
  • Johnston County’s hot economy shows major promise
    Source: Business North Carolina Published on February 6, 2023

Recent Posts

  • ABC’s Construction Executive Celebrates 20 Years, Redesigns Magazine
  • Construction Sector Adds 25,000 Employees In January As Firms Raise Pay Faster Than Overall Private Sector In Bid To Attract More Workers
  • AIA South Carolina Recognizes the State’s Best with 2022 Design Awards
  • Need Construction Legal Advice? Look No Further Than Poyner Spruill’s Matt Bouchard
  • Designing for Resiliency: Introducing Flexible Design into Our Built Environment

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