FMI

Plenty of construction firms commit to a new strategy and keep the operating model that came with the old one. Our own Mike Clancy discusses this with Greg Sizemore on Construction Connections. He advises contractors on this exact problem, and he doesn't pretend the fix is quick. The conversation covers how execution changes as a company grows and where artificial intelligence is genuinely useful right now. Much of that is routine inefficiency nobody has gotten around to fixing. If you're building the 2027 plan, listen before you lock it. Full episode: https://bit.ly/3UXh7Yh

Building products M&A activity gained momentum in the first half of 2026, with deal volume increasing each quarter and buyer activity picking up across select sectors. While residential markets remain challenged, data center investment, infrastructure activity and other durable demand drivers are creating pockets of strength across the building products landscape. FMI’s August Building Products M&A and Sector Update explores the rebound in deal activity, where investment is concentrating and how shifting end markets are shaping the outlook. Read the latest report for FMI’s perspective on what these trends could signal for building products M&A through the remainder of 2026: https://lnkd.in/e4fhTpiG

FMI Capital Advisors is pleased to announce that Mason Builders has sold to a newly formed employee stock ownership plan. Headquartered in California, Mason Builders is a leading commercial general contractor providing preconstruction and construction services across a diverse range of markets, including multifamily, healthcare, commercial and industrial projects. Nathan Perkins led the FMI deal team, serving as the exclusive advisor to Mason Builders throughout the transaction. Read the full announcement: https://lnkd.in/eSFHpzQH

A new episode of Pit & Quarry’s #DrillingDeeper podcast is now streaming! In Episode 74, Pit & Quarry’s Kevin Yanik talks with George H. Reddin, Robert A. Mineo II, PE and Evan Coughlin of FMI Capital Advisors about what's driving M&A activity today, including reserves, geography, vertical integration and rising demand from data centers and infrastructure spending. The team also breaks down what sellers should know now and where the market is headed through 2026 and beyond. 🎧 Tune in here or wherever you get your podcasts: https://buff.ly/X227Q1x

Estimating best practice from FMI partner Scott Kimpland: Contractors who do this well bring operations into the estimate long before it’s submitted. In this video, Scott describes the “cost challenge,” a final review in which superintendents, project managers and operations leaders pressure-test production rates and labor budgets on large or high-risk bids.

Nothing creates consistency like consistency. Every foreman should have a jobsite huddle formula they can run without reinventing the wheel every morning. That’s why we built a free Daily Huddle template that covers the four things every huddle should hit: production goals, safety and risk, quality and accountability, and tools/materials — all in a 5-10 minute framework designed to be posted right on the jobsite.    Grab the download and see how to put it to work in our latest blog: https://lnkd.in/ezqizegn   #DailyHuddle #ConstructionTools #JobsitePerformance #FieldLeadership 

A successful ownership transition takes more than getting the financial structure, timeline and legal framework right. It also requires making sure the next generation is truly ready to lead. Too often, leadership development starts too late. A new title may change someone’s responsibilities, but it does not automatically give them the judgment, experience and enterprise-level perspective they need to succeed. In FMI’s latest insight, Ryan Quigley explores why leadership development should begin years before a transition and how firms can build a stronger pipeline of leaders who are prepared for what comes next. The takeaway: Treat leadership readiness with the same rigor as the ownership transition itself. Read more: https://lnkd.in/eXXYy4Wm

We’re pleased to welcome Mike Packer to FMI’s Financial Sponsor Coverage team. Mike brings extensive experience in private equity investing, M&A and business development, along with deep relationships across the built environment. In his new role, he will help strengthen FMI’s relationships with private equity firms and support investors as they identify opportunities and create value across the sector. Welcome to FMI, Mike! Learn more about Mike and his experience: https://lnkd.in/gXDTjYmz

For a heavy-civil contractor, the fleet can be close to 30% of total assets. Most still manage it like a maintenance department. Mike Clancy has advised more than 100 construction CEOs in 25 years. His read: Most contractors don't have a fleet problem. They have a capital allocation problem. On FMI's latest "Built-In" podcast, Mike and FMI Consulting President Scott Winstead cover: • How an equipment account that looks profitable hides years of fleet losses. • The four-stage fleet maturity model, and why 40% of contractors are still in stage one. • Three questions a CEO can ask Monday morning, and why the way your team answers matters more than the answer. Mike’s closing note: You'll never know the fleet the way your fleet people do. That doesn't excuse you from managing the biggest capital portfolio in the company. Listen: https://lnkd.in/eEKgVtVS