This is the Time for Consolidation |
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There
are approximately 883,000 construction companies located
in the United States.
Only 1% of US construction companies have 100+ employees
Therefore, 99% of construction companies
have <100 employees,
and thus weaker financial capabilities, including the ability
to obtain bonding for federal and state project.
Retirement succession planning:
With the baby boomer population aging
and considering their options for succession planning, a
significant number of these businesses will be coming for
sale.
Creates ideal environment for consolidation:
Iron Eagle’s
strategy is to use its focused management team to aggressively
pursue acquisition targets, and realize all of the financial
synergies and greater bonding levels.
Source: United States Department of
Labor
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