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News
Private equity takes majority stake in Alro Steel
2+ week, 16+ hour ago (393+ words) Written by Laura Miller Alro Steel announced that a private equity firm is taking a majority stake in the Jackson, Mich.-based metals distribution company. Lindsay Goldberg, a private investment firm specializing in family-owned and founder-led businesses, will make a…...
US construction starts slow in February, nonbuilding activity cools markedly
5+ mon, 2+ day ago (583+ words) Written by Laura Miller A precipitous decline in nonbuilding starts led to an overall slowdown in total construction starts from January to February, even as the nonresidential and residential sectors showed marked improvement. The Dodge Construction Network (DCN) reported US…...
Construction spending down marginally in January
5+ mon, 2+ day ago (374+ words) Written by David Schollaert Construction spending edged down slightly in January, slipping for the first time in three months. The US Census Bureau estimated spending at a seasonally adjusted annual rate of $2,190 billion in January, down 0.3% from December’s downwardly revised…...