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Business News

Keep up to date on the latest construction industry trends, in the US and internationally, and how it may impact your business. Stay informed with press releases, research, and opinions to help get the most out of your investment. We highlight small and large projects to keep you abreast of the happenings in the industry, and construction industry statistics to help your company avoid mistakes and find the best solutions to problems that arise.



Quinn Rental Expands Reach to San Juan Capistrano, Carson

Quinn Rental Services, a division of Quinn Co. and a leading provider of equipment rentals, announced the opening of new California locations in San Juan Capistrano and Carson. This expansion marks a continued investment in supporting contractors, builders and trades professionals across Southern and Central California....


James River Equipment Expands Mid-Atlantic Presence With Acquisition of Four JESCO Equipment Locations

Effective Aug. 1, 2025, James River Equipment expanded its footprint and services in the mid-atlantic region as it finalized the acquisition of four JESCO Equipment locations in Baltimore, Delmar, Frederick and Waldorf, Md....


Gee Heavy Machinery Announces Business Closure

After proudly serving northern California's heavy equipment needs, Gee Heavy Machinery announces it will begin winding down its operations on July 21st. This difficult decision comes after a thoughtful and thorough evaluation of the long-term outlook for the business....


Manitou Group, Hangcha Group Announce Joint Venture to Manufacturing Lithium-Ion Batteries

Manitou Group and Hangcha Group announced the signature of an agreement to create a joint venture, specialized in manufacturing and distributing lithium-ion batteries and located in France. The establishment of this joint venture will be effective after the review and approval by the European competition authorities....


FAYAT Group Shares Further Insight Into Definitive Agreement to Acquire LeeBoy

In June 2025, the FAYAT Group signed a definitive agreement to acquire LeeBoy. This acquisition represents a key strategic move for FAYAT Group as part of its ongoing commitment to expand in the United States and Canada....


Volvo Construction Equipment Achieves Good Results Amid Industry Challenges in Q2 2025

Volvo Construction Equipment has announced several global strategic announcements over the second quarter of 2025 to stay closer to the customer and drive earnings resilience — as lower sales remain in Europe and North America....


MUCA Rebrands as DIGIN Midwest

As of July 1, 2025, one of the Midwest's most successful organizations rebranded as DIGIN Midwest. "I get this question, ‘Why DIGIN Midwest?'," said Chris Glassing, of American Cast Iron Pipe Company and DIGIN Midwest member....


Strategic Franchise Expansion Accelerates PIRTEK USA's Growth in Q2 2025

PIRTEK USA continued its growth in the second quarter of 2025, marking another milestone in its franchise development journey. The company announced the opening of nine new locations and the signing of 10 new units, further expanding its footprint to meet the rising demand for premium hydraulic and industrial hose services across the United States....


Ritchie Bros. Completes Acquisition of J.M. Wood Auction Co.

RB Global Inc. announced its wholly owned subsidiary, Ritchie Bros. Auctioneers (America) Inc., has completed its acquisition of J.M. Wood Auction Co. Inc. Together, the companies will use their deep industry knowledge, strong heritage and talented teams to enhance their service offerings available to customers in Alabama and adjacent states....


Woohyun Kim Named New CEO of DEVELON North America

Woohyun Kim has been appointed CEO of DEVELON North America (HD Hyundai Infracore North America) and the DEVELON brand of heavy and compact construction equipment. Kim brings extensive experience in leadership, sales and finance to his new role....






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