Maddix Capital, a Lehi, Utah growth-stage private equity firm, has acquired a controlling stake in AK Masonry, citing plans to expand the South Jordan, Utah contractor’s services, reach and workforce. The firm worked with Hillcrest Bank, a division of NBH Bank, to secure partial financing to complete the deal. “AK Masonry exists to fix what’s broken in a fragmented market…
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Fiberglass reinforced polymer rebar acceptance grows in Sunshine State
Fiber reinforced polymer rebar manufacturers and distributors see increasing traction for their alternative to conventional concrete steel reinforcement. Tampa Steel & Supply of Florida recently aligned with manufacturer SFTec Inc. to offer SFT-Bar FRP in the Southeast. Sales and engineering staff promote the SFT FRP rebar for: The addition of SFT-Bar in the Tampa Steel offering, company officials note, “heralds…
Read MoreCalifornia cement producers chart carbon neutrality goal progress
Thirty months out from releasing “Achieving Carbon Neutrality in the California Cement Industry,” California Nevada Cement Association (CNCA) producers report considerable progress on related public policy, material processing and market development measures toward their 2045 goal: “We are committed to continuing progress to reach net zero emissions for all cement producers in California, hopefully sooner than our projected date of…
Read MoreMerit shop contractors report $1.5 billion in workforce development expenditures
Associated Builders and Contractors member contractors invested more than $1.5 billion to provide nearly 1.3 million course attendees with craft, leadership and safety education in 2022, according to the 2023 Workforce Development Survey, down from $1.6 billion in 2021. The annual assessment quantifies the scope of ABC members’ workforce development initiatives to advance their employees’ careers in commercial and industrial…
Read MoreABC: Davis-Bacon updates add paperwork, skew prevailing wage math
Capping a 28-month rulemaking process in August, the U.S. Department of Labor (DOL) issued a final rule, Updating the Davis-Bacon and Related Acts Regulations, which revises prevailing wage calculations and increases paperwork for contractors on federal and federally assisted construction projects. “This is yet another handout to organized labor on the backs of taxpayers, small businesses and the free market,”…
Read MoreAir Force, Corps, FAA experts anchor Airfield Paving Workshop
Sources: American Concrete Pavement Association, Rosemont, Ill.; CP staff The American Concrete Pavement Association’s (ACPA) Best Practices in Airfield Paving Workshop, October 24-26 in Denver, will offer guidance for the design, construction and rehabilitation of airport runway, taxiway and apron slabs. The program will feature technical presentations by subject matter experts from the U.S. Army Corps of Engineers Transportation System…
Read MoreUSGS releases crushed stone, sand & gravel producer rankings
Nine publicly traded and four privately held companies populate the upper ranks of U.S. Geological Survey Mineral Commodity Specialist Jason Willett’s new “Top 100 Crushed Stone” and “Top 100 Sand & Gravel” producer surveys. Based on his analysis of 2021 shipments, here in descending order are the top players in each category: Public companies based in North America are Cemex,…
Read MoreLabor Department rule broadens Form 300 data submission requirements
Under “Improve Tracking of Workplace Injuries and Illnesses,” a final rule effective January 2024, the Labor Department requires certain employers to electronically submit injury and illness information to the Occupational Safety and Health Administration. Establishments with 100 or more employees in cement, concrete, construction and other industries deemed high-hazard based on reportable incident rates must relay Form 300-Log of Work-Related…
Read MoreFTC and DOJ Antitrust Division weigh premerger protocol changes
With Assistant Attorney General of the Antitrust Division of the U.S. Department of Justice concurrence, the Federal Trade Commission is proposing changes to the premerger notification form and associated instructions, as well as the premerger notification rules implementing the Hart-Scott-Rodino Act. That law and its implementing rules require the parties to certain mergers and acquisitions to submit premerger notification to…
Read MoreEmpire State agencies underwrite 3D-printed turbine foundation specialist
Reinforced Concrete Additive Manufacturing Technologies (RCAM), Los Angeles-based developer of 3D-printed concrete renewable energy and energy storage components, has been named to the Year 1 cohort of the New York State- and New York City-backed Offshore Wind Innovation Hub. Participants are afforded a six-month mentoring and business development program leading to potential partnerships in the offshore wind value chain. RCAM…
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