Press Releases
Motive launches AI-driven maintenance system Motive Maintenance, integrated into its platform to help fleets prevent breakdowns, increase uptime, and reduce repair costs.
On August 21, 2026, Illoca launched Plamo in beta, an agentic 3D modeling workspace designed to bring the concept of "vibe modeling" to the AEC industry. Plamo transforms sketches, reference images, drawings, and natural language into editable BREP geometry, with support for parametric logic, reducing manual modeling and coordination efforts.
Catamount announced its industrial group leadership succession plan on August 24, 2026. Scott Reynolds will transition to Chief Planning Officer, and Stephanie Martinez will be promoted to Senior Vice President, responsible for leading the national industrial team. The transition will be completed by the end of the year.
K&E Excavating, founded in 1998, has been sold to an ESOP with BaseRock Partners advising. The deal transfers ownership to over 400 employees across six states.
The Initiative for a Competitive Inner City (ICIC) has opened applications for its 2026 Building for Growth (BFG) program in Greater Los Angeles. The free, 18-week hybrid executive education course, starting October 15, is designed to help local contractors compete for wildfire mitigation, rebuilding, and major-event projects. Eligible firms must be independent, for-profit construction companies headquartered or significantly operating in the area, and located in or representing under-resourced communities. Applications are rolling until all seats are filled.
On September 2, 2026, Datumate announced the launch of the Progress Tracking module for the DatuBIM platform, which links project schedule, design, and actual construction status to generate defensible completion measurement data, replacing traditional manual estimation.
JRM Construction Management completed the transformation of 54,700 square feet at One Penn Plaza into a two-floor headquarters for Roivant, including new offices, a café, a fitness room, and a feature stair connecting the 54th and 55th floors.
Stratus releases the 2026 Data Center Edition MEP Report, pointing out that data center business is reshaping the competitive landscape for contractors. The report shows 82% of contractors expect revenue growth, with an average prefabrication rate of 88%, and shop space becoming a bottleneck for expansion. Stratus also launches Modules and Enhanced Divisions features to support scaled prefabrication management.
STO Building Group (STOBG) announced the addition of Tyler Swartzwelder as Senior Vice President of Operations. Swartzwelder will support operational strategy, joint ventures, sector diversity, complex project execution, and Safety 360° across the firm's family of builders. He joins from Gilbane Building Company, where he led the Washington, DC office.
On August 31, 2026, STO Building Group announced the appointment of Peter Bulgarelli to its Board of Directors. Bulgarelli previously served as Executive Vice President at Ventas, Inc. and had a 28-year career at JLL, and his industry experience will support the company's strategic development.