Fengate/LIUNA invest in York
Fengate Asset Management and York Group of Companies today announced that Fengate has completed an investment in York on behalf of the LIUNA Pension Fund of Central and Eastern Canada. The partnership will provide York with “growth capital to continue to execute on its robust pipeline of mergers and acquisition and other strategic opportunities. “LIUNA is proud of its investment in York, a leading provider of key services within the GTA and province of Ontario, with our pension fund continuing to invest in the region’s continued economic growth during the pandemic era,” said Joseph Mancinelli, LIUNA International vice-president.
Construction employment down slightly in December
Statistics Canada reported Friday that national employment in construction fell by 2.9 per cent in December compared to November. A total of 1.401 million workers were employed in the sector in December, down from 1.404 million in November. The staffing change from December 2019 to December 2020 was negative 0.2.
Large equipment prices on the rise: Ritchie
Large-equipment auction firm Ritchie Bros. today reports price inflation across all equipment categories in its latest Used Equipment Market Trends report. U.S. truck tractor prices increased eight per cent over the three months ending December compared to in 2019. In the United States, 2020 was also a strong year for multi-terrain loaders. In the first three quarters of 2020 Ritchie Bros. sold over 2,750 multi-terrain loaders for US$64 million, just behind the total multi-terrain loader sales for 2019.