FMI

Operational excellence is not a stated value. It is proven every day through labor productivity, equipment utilization, and trade partner success. Hear from Gregg Schoppman, a partner in FMI’s Performance Practice, on what operational excellence really means.

Private equity investment in the built environment continues to accelerate, fueled by long-term trends that extend well beyond the current market cycle. In our latest report, we examine where investors are finding opportunity across nonresidential electrical services, data and digital infrastructure, water and wastewater, and industrial services. These sectors are benefiting from powerful tailwinds including AI, electrification, reshoring and aging infrastructure, creating durable demand and attractive opportunities for value creation. Download the report to explore the trends shaping investment in the built environment: https://lnkd.in/e4pe43H3

How does your pay budget compare to the rest of the industry? FMI's 2026 Compensation Trends Study found that average raises across the built environment continue to outpace the national average, but the story doesn't stop there. Commercial GCs and select specialty trades are budgeting for meaningfully higher increases than their heavy civil and institutional counterparts.   As pay practices diverge across the sector, guessing at what's competitive gets riskier. Benchmarking isn't a nice-to-have anymore. It's how firms stay ahead of turnover.   Be the first to access the full data and FMI’s analysis when the study is released: https://bit.ly/4buNjI1

FMI Capital Advisors is pleased to announce that Miller Valentine Construction has sold to a newly formed employee stock ownership plan. Founded in Dayton, Ohio, in 1963, Miller Valentine is a nationally recognized design-build firm serving clients across the country. The company has built a reputation for delivering high-quality construction solutions while fostering long-term relationships with clients, employees and communities. Matt Godwin and Nathan Perkins led the FMI deal team, serving as the exclusive advisors to Miller Valentine throughout the transaction. Learn more: https://lnkd.in/eJUBfQBF

Every company says people are their greatest asset. Few make leadership development the foundation of how they grow. In the latest episode of FMI's Built-In Podcast, FMI Consulting President Scott Winstead welcomes Paul Grunau, Chief Learning Officer at APi Group. Drawing on his experience across multiple leadership roles, Paul shares how APi has built a culture where developing leaders isn't a program. It's a core responsibility and a lasting competitive advantage. From scaling culture across a global organization to creating shared beliefs that drive everyday behaviors, this conversation offers practical insights for leaders looking to build organizations that thrive for the long term. Listen at https://lnkd.in/e9AfmU3C or wherever you get your podcasts.

When Mike Novo joined B&I Contractors in 2000, the company had around 170 employees and one office in Fort Myers. Today it's a $300 million employee-owned specialty contractor with more than 1,400 people and four offices across Florida.   That kind of organic growth exposes a hard truth for employee-owned firms: the people who know the work must learn to lead the business. Field credibility isn't enough. Scaling demands financial acumen, people leadership and enterprise-level decision-making.   Working with FMI, B&I's answer wasn't one-off training. It was a structured leadership path, so every rising leader can see the route from where they are to where the company needs them.   See how B&I is building leaders from within:   https://bit.ly/4vNTgIe

The construction industry has always been high-risk, high-reward. But today, many contractors are making the same strategic mistake: assuming every large opportunity is worth pursuing. From data centers and advanced manufacturing to mega institutional programs, the opportunities are massive, but so is the risk. The challenge isn't simply winning the work, it's choosing the right work. After all, one bad project can erase the gains from ten good ones. In this FMI Minute, Stahler McKinney discusses why disciplined project selection is becoming a competitive advantage and how contractors can position themselves for profitable, sustainable growth.

This Fourth of July, we celebrate the spirit of independence and the people helping build what comes next. Every day, engineering and construction professionals strengthen the communities we call home while creating the infrastructure, facilities and places that support America's future. Thank you for your commitment, craftsmanship and lasting impact. We wish you, your families and your teams a safe, relaxing and happy Independence Day!

FMI's Q3 2026 index results are in, and sentiment continues to strengthen. The Nonresidential Construction Index increased to 55.1, while the Civil Infrastructure Construction Index rose to 52.3, reflecting broad-based improvement in sentiment across both nonresidential and civil infrastructure markets. These early insights will help shape our upcoming forecasts and provide a glimpse of what's ahead for the built environment. Get a first look at the Q3 results before the full reports are released: https://lnkd.in/eMPzVy6b

The U.S. power market is entering a new era of investment.   And FMI has just released its inaugural 2026 Energy and Power Overview, a landmark report that dives deep into the trends, forecasts and market dynamics shaping the sector through 2030.   The major forces reshaping the energy and power landscape include rising electricity demand, aging infrastructure, grid modernization efforts and resilience requirements. At the same time, capital continues to flow into the sector, driving growth across generation, transmission and distribution, utility services and related M&A activity.   Whether you’re a business owner, investor, service provider, or simply following this space, this report has something for you.   Get your copy of the full report: https://lnkd.in/emt4SbUn   #EnergyAndPower #PowerConstruction #GridResilience #Infrastructure #MergersAndAcquisitions #BuiltEnvironment #DataCenters