Category: Business
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Terex to Sell Tower and Rough Terrain Crane Businesses to Raimondi
Terex Corp. has signed an agreement to sell its Tower and Rough Terrain Crane businesses to Raimondi Cranes SpA, a Milan-based crane manufacturer. The deal includes Terex’s Tower Cranes facility in Fontanafredda, Italy; its Rough Terrain Cranes facility in Crespellano, Italy; and its North America Cranes service and support center in Wilmington, North Carolina. The…
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FAYAT Completes Deal, Fully Acquires LeeBoy
Three months ago, FAYAT, a family-owned global leader in construction equipment who reported $5.7 billion in revenue for 2024, shook the asphalt industry to the core with their planned acquisition of the Lincolnton, North Carolina, based manufacturer. When the news first broke, it was originally thought that the deal might not close until the end…
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The Dangers of the “Accidental Project Manager” in Construction
People of a certain age will likely remember the late comedian Rodney Dangerfield, whose signature lament was, “I don’t get no respect!” While Dangerfield was obviously referring to himself, he could just as easily have been talking about the role of construction project manager. In many industries – especially in construction – project managers are often treated…
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Newforma Partners with TD SYNNEX’s Datech to Expand AECO Software Distribution
Newforma has formed a channel partnership with Datech, the design software business of TD SYNNEX, to expand access to its project and information management software for the architecture, engineering, construction and owner (AECO) industry. Under the agreement, TD SYNNEX will serve as an official distributor of Newforma solutions, making the company’s cloud-based tools available to…
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National Recovery Month: Tackling Addiction and Mental Health in Construction
Breaking the Silence on Addiction in Construction Construction workers account for 15% of workplace overdose fatalities in the U.S. — a staggering number that highlights the urgent need for awareness and action during National Recovery Month this September. Research shows construction employees are nearly twice as likely as the general workforce to struggle with substance…
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How the New NAPSA Power Sweeping Standard Protects Contractors from Legal Risk
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Power sweeping and property management companies often encounter safety issues, such as slip and fall accidents, which can result in litigation. These incidents not only pose a risk to the health and safety of individuals but also have significant financial implications for companies. To address these challenges, the North American Power Sweeping Association (NAPSA) has…
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How the New NAPSA Power Sweeping Standard Protects Contractors from Legal Risk
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by
Power sweeping and property management companies often encounter safety issues, such as slip and fall accidents, which can result in litigation. These incidents not only pose a risk to the health and safety of individuals but also have significant financial implications for companies. To address these challenges, the North American Power Sweeping Association (NAPSA) has…
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Newforma Appoints New SVP of Engineering While Advancing AI Strategy
Newforma has appointed Benjamin Bazso as senior vice president of engineering as the company advances its artificial intelligence strategy for the architecture, engineering, construction and owner (AECO) industry. A veteran of Samsung Ads and Houghton Mifflin Harcourt, Bazso will oversee development of tools designed to improve project and information management. The company said it will…
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Cold Weather Workwear for Concrete Crews: Preventing Frostbite and Cold Stress on the Job
When concrete crews pour slabs in January or set sidewalks during sleet, the job continues regardless of the cold. For contractors, winter brings challenges that go beyond discomfort. Frostbitten fingers make it difficult to tie rebar, numb feet create unstable footing and the risk of hypothermia rises quickly without proper protection. Reliable winter workwear is…
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Toro Names Tom Werner General Manager of Sitework Systems Division
The Toro Company has named Tom Werner general manager of its Sitework Systems business. Werner joined Toro in 2018 as a senior product marketing manager in the Residential and Landscape Contractor division. He later became senior director of marketing for the same business, where he oversaw new product launches, expanded channel partnerships and led brand…