Monthly Archives: June 2014
Posted on June 30, 2014 by Sabine HooverAcquisitions and sales have a role to play in times of robust growth and periods of crippling contraction alike. Tectonic shifts in the wider environment create new demands for architectural, engineering and construction (A/E/C) firms, and acquisitions have always been a means to create a sustainable competitive advantage in a short time. However, a transaction is not a sure-fire success story: Inadequate due diligence, a flawed understanding of company culture or an ambiguous post-integration strategy can all derail large investments.
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Posted on June 18, 2014 by FMI CorporationSince the economic downturn hit the construction industry, many companies have taken a deep look at themselves, re-evaluating their services, clients and markets as well as their vision and strategic goals. As a result, companies have started to redefine themselves, looking at new and innovative ways to deliver projects, interact with clients and pursue work. Select companies have been very successful at making these decisions and are emerging from the recession as lean, innovative and very competitive players. Below, we have identified ten best practices from these firms.
Posted on June 11, 2014 by Sabine HooverFor decades, mergers and acquisitions have shaped the design and construction industry’s business landscape. Through these mergers, companies have often achieved better economies of scale, branched out into new geographies and added new services and expertise. In the wake of the Great Recession, companies of all sizes have started to redefine themselves and we are seeing an increasing number of engineering and construction companies combining disciplines and expertise into full-service firms.
Posted on June 10, 2014 by FMI CorporationEach quarter, FMI asks members of our Investment Banking team to contribute insights concerning M&A activity in the Engineering and Construction (E&C) industry. The M&A Advisor serves as a reminder of the activity FMI is seeing in various sectors of the E&C industry, but, more importantly, it aims to provide unique insight into key drivers of activity. What's Inside?
- 2014 Valuation Drivers
- Five Key Elements for a Successful Acquisition and Integration
- The Energy Services Opportunity
- Have Oil & Gas Valuations Peaked?
- Don't Forget Operations When Performing Due Diligence
- Recent FMI Transactions
Posted on June 3, 2014 by FMI CorporationLast Friday, FMI's Denver office got the "day off, to give back" to the Denver community. What better way to give back then focusing on what we know best? Construction. That being said, a group of FMI employees got together and volunteered locally through Habitat for Humanity. We asked Matthew Marshall, FMI's group leader, some questions about his experience. Matthew has been a volunteer for Habitat for Humanity for quite some years now and has organized the outing for the FMI team in Denver this year.
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Posted on June 2, 2014 by FMI CorporationYogi Berra once famously said, “Nobody goes there anymore. It’s too crowded.” Berra was responding to a question about why he had not been to a favorite, popular restaurant anymore. In our case, we are using this bit of paradoxical humor as an introduction to our forecast, in particular to look at the changes in retail commercial construction and the changing construction industry in general. Berra’s quote will not help us explain why our forecast for the construction industry has been lowered 1% compared with last quarter’s Outlook forecast. For that answer, we will try to explain below. If there is one overarching theme to the global economy, someone is lying to you. Better to listen to another famous quotable major league manager, Casey Stengel, who said, “Never make predictions, especially about the future.”