Why Private Equity Firms Love Wholesale Distributors
The decision to sell a business can be a difficult one, and rarely do business owners know when exactly the right time to sell is. As private equity buyouts have surged in recent years, especially in the wholesale distribution industry, it has become increasingly important to always have your business
How to Increase Labor Productivity with Digitalization
Labor productivity has increased across all industries by 2.8% in the last two decades while the construction industry has only increased by 1% during the same time according to Reinventing Construction: A route to higher productivity, a McKinsey Global Institute (MGI) report. Experts believe that digitization could be
Barnes Dennig a Top 50 Construction Accounting Firm
Construction Executive Magazine’s hot-off-the-press list of Top 50 Construction Accounting Firms™ for 2021 names Barnes Dennig to its exclusive list, reinforcing the firm’s strength in accounting and business consulting for the construction industry. “It’s a tremendous honor to be a part of this prestigious list for the second
Using Long-Term Incentive Compensation as a Succession Planning Tool
A recent FMI/CFMA Ownership Transfer and Management Succession Industry Survey revealed that many contractors were in the process of transferring ownership prior to the start of the pandemic. As the pandemic subsides and normalcy resumes, companies are looking for ways to jumpstart those transition plans that have gone dormant over
How Biden’s Infrastructure Plan Could Impact the Construction Industry for Years to Come
Many economists and industry leaders believe that even a moderate infrastructure investment would significantly help the construction industry in the wake of the COVID-19 pandemic. While some sectors of the industry will likely see more growth than others, the American Jobs Plan proposed by President Biden would spend $1.2 trillion
A Mixed Recovery for Contractors: 2nd Quarter Construction Outlook
Recovery from Q1 2021 is expected across most of the construction industry, according to the Fails Management Institute (FMI) Construction Industry Round Table (CIRT). Contributing factors for this improved industry confidence noted by the CIRT members include increased vaccine distribution programs, ongoing government stimulus, and increased customer spending. The