fmicorp.com

FMI Capital Advisors is pleased to announce that it served as the exclusive financial advisor to Miller Valentine Construction in the sale of 100% of the company to a newly formed employee stock ownership plan (ESOP). Founded in Dayton, Ohio, in 1963, Miller Valentine is a nationally recognized design-build firm serving clients across the country.

FMI Capital Advisors is pleased to announce the sale of PayneCrest Electric, Inc. (PayneCrest) to Primoris Services Corporation (Primoris). FMI served as the exclusive financial advisor to PayneCrest for this transaction. PayneCrest is a leading electrical construction and services provider supporting industrial, manufacturing and advanced facilities.

FMI Corporation, a leading provider of consulting and investment banking firm services to the built environment, announced today the launch of its first group captive insurance program, Vertical Insurance, PIC, with CNA Financial Corporation (NYSE: CNA), one of the nation’s largest commercial property and casualty insurers, serving as front and reinsurance carrier.

FMI Capital Advisors is pleased to announce the sale of Wilson Construction Company (Wilson) to Quanta Services. FMI Capital Advisors served as the exclusive financial advisor to Wilson for this transaction. Wilson is a highly regarded electric utility infrastructure services company, which bolsters Quanta's high-voltage transmission capabilities.

FMI Capital Advisors is pleased to announce the sale of RK Hydro-Vac (RK) to Sound Growth Partners (SGP), a Seattle-based private equity firm. FMI Capital Advisors served as the exclusive sell-side financial advisor for the transaction. Headquartered in Piqua, Ohio, RK is the leading provider of roof preparation services for the repair and replacement of low-slope ballasted roofs in the United States.

FMI Corporation, a leading provider of consulting and investment banking services to the built environment, today announced the expansion of its consulting practice into the energy and power sector with the addition of senior leaders Evan Fairmont and Blake Angelo. This move enhances FMI’s ability to support clients amid accelerating demand for energy infrastructure, grid modernization and decarbonization.

FMI Capital Advisors is pleased to announce that it served as the exclusive financial advisor to BOWA in its transition to employee ownership through the establishment of an Employee Stock Ownership Plan (ESOP). Headquartered in McLean, Virginia, BOWA is a leading luxury design-build home remodeling firm serving the greater Washington, D.C. region.

Executive Summary Building products M&A activity showed signs of stabilization in late 2025, with fourth-quarter transaction volume increasing compared to earlier in the year. Although total 2025 deal activity declined approximately 30% year-over-year, strategic buyers remained active, representing 63% of total transactions (89% including sponsor-backed add-ons). Private equity activity continued to focus primarily on add-on acquisitions.

Firms rarely miss goals because their teams lack the skills to do their jobs. They miss goals because they lack discipline under pressure. In Part 2 of FMI’s 2026 Project Management Study, What High Performers Do Differently During Execution, we examine why some contractors consistently deliver predictable results while others experience execution chaos.

FMI Capital Advisors is pleased to announce that it served as the exclusive financial advisor to MIELKE Mechanical (MIELKE) in the sale of the company to a newly formed employee stock ownership plan (ESOP). Headquartered in Medina, Ohio, with operations across Ohio and Florida, MIELKE Mechanical is a leading mechanical construction and maintenance contractor serving the healthcare, education and industrial end markets.