Elevated Facility Services’ Post

This move will only bolster our ability to take care of all your elevator needs. #elevatorservice #elevatormodernization #elevatorrepair #elevators

U.S. industrial firm Honeywell said on Friday it would buy air conditioner maker Carrier’s security unit for $4.95 billion in cash to bulk up its building safety business where growth has slowed in recent months. The deal is Honeywell’s biggest under new CEO Vimal Kapur and will offer access to Carrier brands such as electronic lock maker Onity, used by many major hotel chains, and cloud-based lock maker Supra. 2024 and beyond will likely see more consolidation due to many factors including capital required to adopt ESG, slow economic growth, threats of cybersecurity attacks, and adopting of emerging technology like generative AI. https://lnkd.in/gceXVTzu Paul Young CPA CGA Senior Data and AI Thought Leader - Mergers, Acquisitions, Divestitures, and Business Strategy Paul Young is a former IBM Senior Customer Success Manager that has deployed over 300 data and AI solutions across geographies and industries for the past 8 years. Paul is also SME on mergers, acquisitions, and divestitures including integration, sell-off, and due diligence related to managing of investments. #mergers #acquisition #divestitures #safety #industrialsafety

Looking to acquire a business? Home Service companies make great acquisitions! Why? Home service businesses are recession-resistant. Specifically, HVAC businesses make great acquisitions. Here are some interesting HVAC industry facts: The global HVAC market size was $240.8 billion in 2019. It is expected to see a CAGR of 4.8% between 2020 and 2030 to reach $358.1 billion on 2030. In the United States, Florida and California have the highest number of employed HVAC technicians, with 65,000 people working now. The number of HVAC units sold in 2024 is expected to surpass 151 million. From 2020 to 2028, the HVAC industry will offer 13 percent more jobs, much more than most industries. AND . . . I happen to have a couple of HVAC businesses interested in selling. Reach out for more info :)

The Competition and Markets Authority has updated progress on its report into the possible Hitachi Rail and Thales Ground Transportation Systems merger Full story below

RSK Group eyes £1.2bn turnover amid major expansion RSK now comprises more than 200 companies, employing 12,000 people - it snapped up around 23 businesses since the start of the year alone By Rory Butler If you found this article interesting, please consider signing up to our free daily newsletter to read more https://lnkd.in/eBb5NAZ6 #tradingupdate #financialresults #construction #ukconstruction #engineering #constructionnews #revenue #dividends #mergersandacquisitions #mergers

Do you have a succession plan in place? If you don't, you need to get started. Here are the four phases: 1. Reflection: Key question: "What would be a great outcome of a succession plan for me?" 2. Identifying Candidates: Key question: "Who will replace me and other key roles? Are there internal candidates or do we need to look outside?" 3. Training: Key question: "What skills does the next generation need to develop to step into leadership and ownership roles?" 4. Transition: Key question: "How can I gracefully exit the business while ensuring my legacy is secure?" To learn more about succession plan check out my article in the Jan/Feb 2024 United Contractors magazine: Avoiding Mickey Mouse Succession: A Blueprint for Securing Your Construction Legacy https://lnkd.in/g-8kHibp Look for it on Page 28-32.

Ensuring transparency and fostering trust are critical components of a successful ownership transition, especially for a 40-year legacy brand! When Collins Steel came to INCITE for support through an ownership expansion, we knew any communications and change management efforts would need to acknowledge that history and be anchored in their company’s long-standing values. Dive into our latest case study linked below to learn how our communications strategy helped align expectations and prepare all invested parties for a smooth transition. https://lnkd.in/gFMYN_Bf

🌟 Celebrating the Best Construction Company Acquisitions in Recent History! 🏗 As the construction industry continues to evolve and innovate, we cannot overlook the significant impact that company acquisitions have on reshaping the landscape. Today, let's take a moment to acknowledge some of the remarkable construction company acquisitions that have taken place in recent years, revolutionizing the industry and setting new benchmarks for excellence. 1️⃣ Turner Construction Company - Acquiring PCL Construction: In 2019, Turner Construction Company, a global leader in construction management, expanded its reach by acquiring PCL Construction, a renowned North American contractor. This strategic move combined the strengths and resources of two industry powerhouses, creating unrivaled expertise and enhancing the ability to deliver exceptional projects. 2️⃣ Jacobs Engineering Group - Merging with CH2M: In 2017, Jacobs Engineering Group, a multinational engineering firm, announced its merger with CH2M, a respected engineering and consulting company. This transformative merger brought together complementary skill sets and a shared commitment to delivering sustainable infrastructure solutions. The combined entity is now better equipped to tackle complex projects worldwide. 3️⃣ Vinci Construction - Adding Seymour Whyte: Vinci Construction, a leading global construction company, made waves in 2020 by acquiring Seymour Whyte, a prominent Australian civil infrastructure contractor. This strategic move expanded Vinci's presence in the Asia-Pacific region and enabled collaborative efforts to deliver remarkable infrastructure projects in Australia's ever-growing construction industry. 4️⃣ Skanska - Acquiring Bastion: In 2018, Skanska, one of the largest construction and development companies in the world, made a significant acquisition by adding Bastion, a leading Polish facility management provider, to their portfolio. By combining forces, Skanska enhanced their capabilities in integrated property services, reinforcing their commitment to sustainable development and client-focused solutions. These acquisitions showcase the power of collaboration, bringing together industry leaders to drive innovation, deliver exceptional projects, and enhance the overall quality of construction services. They demonstrate that when two great companies join forces, the possibilities for growth and advancement become limitless. ✨ Let's salute these companies and the visionaries behind them for their forward-thinking strategies and contributions to the construction industry's continuous evolution. Together, they have set new standards and reshaped the future of construction. 🚀 #ConstructionIndustry #CompanyAcquisitions #DrivingInnovation #Collaboration #BuildingTheFuture