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FMI Releases 2021 Engineering and Construction Industry Overview
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RALEIGH, N.C., Feb. 1, 2021 /PRNewswire/ FMI Corporation, the leading provider of consulting and investment banking services to the built environment, released the 2021 Engineering and Construction Industry Overview. The report provides a comprehensive forecast for a broad range of construction and engineering segments in the U.S. and Canada for 2021 and the next three years.
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The introduction by FMI CEO Chris Daum offers insights into how companies can find opportunities amid continued uncertainty surrounding the COVID-19 pandemic, turmoil from the U.S. political climate and market uncertainty. While many companies continue to deal with challenges, those who remain nimble, closely examine geographies where they operate and remain true to their competitive advantages will be positioned for growth.
Capturing the Momentum: Construction Materials Review of 2020 and Outlook for M&A in 2021
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George Reddin, Managing Director of FMI s Construction Materials group, says, Throughout 2020, market sentiment operated like a pendulum, swinging back and forth between certainty and uncertainty. By the end of the year, optimism, earnings, and M&A activity all began picking up, allowing the CM industry to finish strong. FMI expects this trend to continue into 2021, driven by new potential for funding, vaccine progress, and a surprisingly robust residential market.
Key findings include:
Beyond the global health crisis, 2020 was already set to be a pivotal year for CM, as federal infrastructure funding was in the spotlight with the Fixing America s Surface Transportation (FAST) Act set to expire in September.
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RALEIGH, N.C., Dec. 21, 2020 /PRNewswire/ FMI Capital Advisors, an investment banking firm dedicated to construction, engineering and other sectors of the built environment, today announced the acquisition of Donley s, Inc. s Construction Management Business ( Donley s ) by DiGeronimo Companies ( DiGeronimo ). The company, to be known as Donley s IC as part of Independence Construction, expands DiGeronimo s capacity and diversifies its portfolio by creating one of the largest and most capable CM businesses in Northeast Ohio. FMI Capital Advisors served as the exclusive financial advisor to Donley s Inc. for this transaction, which closed on October 1, 2020.
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