Housing Starts Increase In April
Housing starts across the U.S. increased in April 2.2% to 1.4 million according the U.S. Census Bureau and U.S. Department of Housing and Urban Development, New Residential Construction report released May 17. Notably, this is 22.3% lower than April 2022’s 1.8 million. Single-family home construction increased 1.6% to its highest level so far in 2023. Starts of apartment buildings and other multifamily projects also rose: The April rate for units in buildings with five units or more was 542,000.
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Webster Industries Purchases Renold
Webster Industries Purchases RenoldMPE Partners along with its portfolio company, Webster Industries, announced the closing of its acquisition of Renold plc, a leading designer, engineer, manufacturer, and supplier of premium, high specification industrial chain and...
Richard Vetter Becomes CEO Of RPM
Richard Vetter Becomes CEO Of RPMReal Performance Machinery (RPM) announced a reorganization of its executive leadership team. Richard Vetter, one of the company’s founding members and Chief Technology Officer (CTO) since 2023, assumes the role of Chief Executive...
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