Summit Contractors Named Top Multi-Residential Builder

Jacksonville, Fla.-based Summit Contractors has been named the number-one national multi-residential builder by industry publications Multifamily Executive Magazine and Builder Magazine. According to Summit, the company achieved its top ranking with 8,000 units under construction as 2004 started.

Currently Summit is building in 23 states in all facets of the multi-residential market, including student housing, market-rate housing, affordable housing, single-family and condominium projects, with developments ranging in size from 32 to over 500 units.

ABC's UCF Student Chapter Takes First Place

Associated Builders and Contractors recently held its fourth annual Student Construction Management Competition during is annual convention. The University of Central Florida student chapter of ABC took first place in the safety category.

JCB Announces New Equipment Division in North America

Equipment manufacturer JCB recently announced the formation of a new compact and utility equipment division for North America.

"The compact equipment business continues to grow strongly in North America, and now represents over 50 percent of the total market," Helmut Peters, JCB Inc. president, said. "In order for JCB Inc. to capitalize on this growth, the compact and utility equipment division has now been established to pursue this business."

Bob Wright has been named vice president to direct the new division. He was formerly vice president of sales and distribution for JCB Inc.

Maxim Crane Works Proceeds Through Chapter 11

Maxim Crane Works, one of the largest crane-rental companies in the country, announced that the bankruptcy court overseeing the firm's Chapter 11 restructuring has approved the company's requests to pay employee wages, salaries and benefits.

The court also granted the company immediate use of its debtor-in-possession financing facility to continue operations, pay employees and purchase goods and services. In conjunction with the filing, Maxim received commitments for up to $70 million in DIP funding from a group of lenders led by Goldman Sachs and Fleet Boston.

Master Builders Announces New Structure, Degussa Name

Cleveland-based Master Builders Inc. announced it has adopted Degussa Admixtures Inc. as the company name and has announced changes in the organization.

Explained Mike Shydlowski, president and CEO: "Our transition to the Degussa Admixtures name signifies our alignment and synergy with the strengths and commitment of our parent organization, and promotes the Master Builders brand as a strategic part of the global Degussa Construction Chemicals organization."