Mill Creek’s Post

As the #petcare industry continues to grow, we've been there with sound #realestate solutions to help these businesses address their unprecedented growth. This is another example of a sound solution to help a pet care business use its real estate effectively to optimize value and occupancy costs. #saleleaseback #petcarerealestate STREAM Capital Partners, LLC

Stevens Construction enters liquidation 🏗️ Big news from the Australian construction scene: Stevens Construction, a major player in New South Wales, is shutting down. Since 2006, they've handled big projects like the Bonython Tower in Gosford and significant builds for John Singleton and Woolworths. They're attributing their closure to sky-high costs, COVID-19 disruptions wreaking havoc on schedules, and a severe shortage of materials and skilled workers. It's a tough time out there - ASIC reports a whopping 34% increase in company collapses just last year. (Source: News) Creditors have until the 5th of August to file claims, which will likely affect ongoing projects and ripple through the industry. This development is highlighting some serious challenges facing the construction sector across Australia. #ConstructionNews #StevensConstruction #Liquidation #BuildingBoomGoneWrong #SimpleLiquidation

Interesting #PrivateEquity purchase of a large #RoofingContractor. Do you think we will see more consolidation of the industry? #roofing #commercialroofing #roofinspections #roofrepairs #roofreplacement #roofleak #roofcoatings #newconstruction #hurricanepreparedness #infraredroofscanning #roofmaintenance #ladders #attic #facilities #maintenance #propertymanagement #repairs #boma #ifma #facilitiesmanagers #buildingowner #commercialrealestate #generalcontractors #fala #bama #tporoofing #commercialproperties #floridabusiness

What Sherwin-Williams Did With Their Boring Business Will Shock You: Learn How to Sell Your Construction Business Like a Pro! You might be thinking, "How could a plain old paint company become a giant in the industry?" Well, buckle up, because the story of Sherwin-Williams is anything but dull. In fact, it's a masterclass in transforming the mundane into the magnificent. So let's dive into the incredible journey of how Sherwin-Williams turned a "boring" business into a billion-dollar powerhouse—and how you can apply these same strategies to your construction business. The Sherwin-Williams Sensation: Turning Boring into Billions Picture this: Sherwin-Williams, once just another paint company, now boasts a net worth of over $40 billion. How did they achieve this astonishing feat? The secret sauce lies in their savvy business acquisitions and strategic selling. The Power of Strategic Acquisitions Here are some of the POWER MOVES they made to propel them to the top: Comex Back in 2013, Sherwin-Williams made a strategic move by acquiring the North American paint business of Comex, a leading Mexican paint company. This acquisition strengthened Sherwin-Williams' foothold in the U.S. and Canadian markets and gave them access to new customers and distribution channels. Valspar Corporation In 2017, Sherwin-Williams completed a blockbuster acquisition of Valspar Corporation for approximately $11.3 billion. By acquiring Valspar, Sherwin-Williams significantly expanded its product range and market reach, cementing its position as one of the largest paint and coatings companies in the world. Minwax and Thompson’s WaterSeal Over the years, Sherwin-Williams acquired several well-known brands like Minwax and Thompson’s WaterSeal. These acquisitions allowed them to diversify their product offerings in the wood care and waterproofing categories, further solidifying their market dominance. Why Selling a Construction Business Matters Now, let's bring it back to you. You might think your construction business—whether it's painting, power washing, renovation, cleaning, or landscaping—is just another "boring" company. But here's the kicker: Sherwin-Williams didn’t just sell paint—they sold a vision, a brand, and a legacy. Did You Know? Did you know 80% of businesses for sale are NEVER sold? That's right—according to BizBuySell, only 20% of businesses listed with brokers actually sell. But here's some good news: companies that engage in strategic acquisitions grow 1.5 times faster and can see up to a 40% increase in their market value within just a few years (McKinsey). And let's be honest, the average CEOs think acquisitions is about buying lunch for the team—spoiler alert, it's not. 🤦♂️ Like, comment, or share if you found this article valuable! #SellingAConstructionBusiness #SherwinWilliamsSuccess #MaximizeBusinessValue #RetiringBusinessOwners #ConstructionBusiness #BusinessGrowth #AcquisitionStrategy #SellYourBusiness #FinancialFreedom #LucaDimon

With the Chatham-Siler City Advanced Manufacturing (CAM) site and Wolfspeed on the horizon, Siler City and Chatham County have entered into talks with Sanford to merge utilities. As a term of the merger, Chatham County would share 20 percent of the net property tax revenue from customers connected to the consolidated utility system. The agreement applies to 3,886 contiguous acres near Siler City that contain the CAM site and will stand for the next 50 years. While all revenue generated by the water system must be spent on the water system, the revenue generated through the potential CAM site agreement could be used to pay for any of Sanford’s needs, from street improvements to public safety. “This deal would be incredibly important for Sanford residents,” says Mayor Rebecca Wyhof Salmon. “Flexibility in how we allocate this additional revenue allows us to offset some of the costs of meeting the City’s needs, including making the investments required to remain competitive as our state grows.” Full details: https://lnkd.in/dEn6frc6 #cityofsanfordnc #tririverwater #sanfordnc #utilities #utilitymerger #sanfordncwater #townofsilercitync #silercitync #chathamcountync 

In the world of construction and roofing, partnerships aren't just about teamwork—they're about raising the bar for quality and fostering a culture of excellence. At BYLTup, we've made it our mission to select partners who align with our values and enhance our commitment to top-notch service. But what makes these partnerships so crucial to our success? Read more on our blog! #constructionindustry #roofingindustry #familyownedbusiness #roofingcontractors #roofinglife

One of my largest construction projects in DC is nearing completion! If you remember in July when I posted the before on this one (go see the before if you haven't yet) - the property was completely different and construction had only just started. Now nearly 14 months since acquisition, the property has been fully transformed into two stunning condos! We acquired the property for $750,000 and have invested nearly $700,000 in renovations to bring this vision to life. The transformation from acquisition to completion showcases the power of collaboration and passion in real estate development. What do you think of the features we have added? Let me know in the comments below! #realestate #dmvrealestate #dcrealestate #dmvrealestate #dmvliving #condoconversion #realestatedeveloper #realestateinvesting

Event update: due to inclement weather, CFMA of MA has postponed 'Introduction to Ownership Succession' to Wednesday, February 14th, 8-10am. Dustin Bass, LEED AP, CPE and Scott Duncan will be speaking at the Massachusetts Chapter of CFMA event, sharing their expertise on a crucial topic for the construction sector: Ownership Succession. Dustin and Scott will discuss pivotal factors impacting the value and marketability of construction businesses, the increasing significance of ESOPs in today's market, outline the qualities of a robust ESOP candidate, and explore effective strategies for internal equity transfer. Learn more: https://hubs.la/Q02kKq_d0 #BaseRockPartners #CFMA #OwnershipSuccession #ConstructionIndustry

A carefully constructed succession plan https://lnkd.in/dk4e4r3E 🌟 Planning for the future is key! Start early and build your succession plan over time for long-term success. Check out this inspiring story of a fourth generation family in the construction business who did just that. #successionplanning #familybusiness #legacybuilding 🏗️💼👨👩👧👦📈 Link to article: [insert link]

MBO for Sussex builders https://lnkd.in/e9yHY2dy Sussex-based Pilbeam Construction is under new ownership after a management buyout. Read Full Article: The Construction Index The Construction Index