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Volvo Acquires Distributor L.B. Smith
Volvo Construction Equipment [Volvo CE] recently announced the purchase
of the assets of L.B. Smith, its largest dealer in the United
States and distributor for a majority of the East Coast. Volvo
CE takes over the assets, primarily inventory, and certain
liabilities at fair wholesale market value. No good will or
real estate is included in the deal.
Volvo CE intends to continue the operation from its existing
31 locations in Florida, Georgia, Tennessee, Alabama, North
and South Carolina, New Jersey, Virginia, eastern Pennsylvania
and New York. The new company will be doing business as L.B.
Smith.
According to Volvo CE, this action was taken "in order to
ensure that the Volvo customers in these territories continue
to receive highest possible standards of product support and
service."
"More than four years of recession in the overall US market
for construction equipment is impacting both manufacturers
and dealers. We feel it's important to show our customers
and the employees of L.B. Smith our strong commitment to the
U.S. market," said Scott Hall, executive vice president for
Volvo CE.
Volvo's strategy to work mainly with independent dealers
remains and the ambition is to spin off the acquired distribution
business over time, most likely in a number of smaller pieces
compared with today.
"We have already been approached by people who have a sincere
interest to invest in the Volvo brand and the distribution
of our products," said Hall.
Central Florida AGC Presents Safety
Awards
Associated General Contractors of Central Florida recently presented
its "Fourth Annual Construction Safety Excellence Awards
to the following member firms: American Bridge Co., Orlando;
Brice Building Co.; Harper Mechanical Corp., Sanford; JCB
Construction, Orlando; and Wharton-Smith, Lake Monroe.
The AGC of Central Florida's awards program looks at each
candidate's commitment to safety and health, looking for direct
evidence of corporate commitment, worker training, active
participation, lost workday cases and safety innovation. A
winning company's lost workday rate must be at least 25 percent
lower than the industry average.
Oliver North to Deliver INCON Keynote Address
Oliver North will deliver the keynote address at this year's Innovations
in Concrete Show & Conference (INCON), announced The Florida
Concrete & Products Association. FC&PA is the coordinator
and major sponsor of the event, scheduled for Sept. 25-27
at the Gaylord Palms Resort & Convention Center in Kissimmee.
INCON is designed for individuals and organizations interested
in the development and deployment of concrete and concrete-related
products. The event combines educational opportunities with
trade show activities such as new products/technologies demonstrations,
exhibits, and a variety of expert speakers. Last year, INCON
attracted more than 1,700 attendees and 100 exhibitors.
Jorge Garcia Named Small Business Leader of the Year
The Greater Boca Raton Chamber of Commerce recently named
Jorge H. Garcia, founder and CEO of South Florida-based Garcia
Brenner Stromberg Architecture, as its "Small Business
Leader of the Year."
"There are lots of successful small business people
in our community," said M.J. "Mike" Arts, president
of the Greater Boca Raton Chamber of Commerce. "But only
a few of them have such a complete vision of what it means
to be a vital member of the local community, who are so dedicated
to making South Florida a better place to live and to work.
Jorge is one of those few."
The award comes on the heels of the South Florida Business
Journal selecting Garcia Brenner Stromberg as the "Business
of the Year for 2002" in the category of "Real Estate,
Construction, Design, Under $10 Million."
Halliwell Engineering Opens Miami Office
Halliwell Engineering Associates, a provider of indoor air-quality
consulting and building systems investigations, recently announced
the opening of an office in Miami. Based in Providence, R.I.,
the company is a consultant on mold, moisture intrusion and
HVAC systems analysis.
Huizenga School Honors Miller Construction Exec
The H. Wayne Huizenga School of Business and Entrepreneurship
of Nova Southeastern University in Davie has honored Thomas
J. Miller, chief executive officer of Miller Construction
Co., Fort Lauderdale, by inducting him into its Entrepreneur
Hall of Fame.
The award was established to honor the lifetime achievements
of entrepreneurs who have contributed to the growth of business
and who have demonstrated willingness to contribute time,
effort and financial resources to programs to enhance the
quality of life for others.
In addition to Miller's entrepreneurship, the honor recognizes
his role in spurring South Florida's economic development
as former chairman of organizations such as the Broward Alliance,
the Construction Association of South Florida, and the Broward
Workshop.
Miller joined fellow 2003 honorees John E. Abdo, vice chairman
of the board of directors and chairman of the executive committee
of BankAtlantic Bancorp, and Frederick A. DeLuca, president
and co-founder of Subway Restaurants.
Kaufman Lynn Named Business of the Year
Kaufman Lynn General Contractors, with offices in Boca Raton
and Orlando, announced it has been selected as "South
Florida's Business of the Year" in the Real Estate, Construction
and Design (over $10 million) category. The award was part
of the South Florida Business Journal's 2003 Business
of the Year Awards.
The program honored companies based on company growth and
financial performance, employee improvement and benefits programs
and for their commitment to their local community.
AA Advance Air Awarded Contract for FedEx Project
Pompano Beach-based AA Advance Air has been awarded a $600,000
mechanical contract on the new $20 million, 137,000-sq.-ft.
FedEx facility at Miami International Airport. Stiles Construction
Co., Fort Lauderdale, serves as the project's general contractor.
MSI Wins ABC Safety Award
Orlando-based Mechanical Services Inc. received the Associated
Builders and Contractors of Central Florida's 2002 Charles
J. Eidel Excellence in Safety Award, Diamond Level.
McCree Wins Safety Award
McCree, Orlando, announced it received the Associated Builders
and Contractors of Central Florida's Charles J. Eidel Safety
Award for its 2002 safety program.
Throughout the year, McCree had no work-related fatalities
and minimal lost workdays, medical cases, and federal and
state inspections and citations. Overall, McCree received
exemplary ratings in all categories.
Awards are based on data submitted via applications and interviews
with companies' safety directors and owners.
WilsonMiller Opens New Office in Charlotte County
WilsonMiller has opened a new office in Port Charlotte. The
new office will be managed by Richard Woodruff, a senior vice
president of WilsonMiller who will continue to manage the
firm's Fort Myers office.
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