Published Nationally Northeast Edition
® February 21 2018 Vol. LVI • No. 4
“The Nation’s Best Read Construction Newspaper… Founded 1957.”
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Inside
Recycled Asphalt Industry Could See Strong 2018...8
Alex Lyon & Son Celebrates 25th Year at Fla. Auctions...124
Foley Inc. Acquires Ransome Cat Effective Feb. 8, 2018, Foley, Inc. of Piscataway, N.J., acquired substantially all of the assets of Giles & Ransome, Inc., headquartered in Bensalem, Pa. This transaction was the result of a mutual agreement between both dealerships and Caterpillar. “Our vision is to create customer experiences that create customers for life and we believe that the strategic decision to become one company will allow us to offer the best resources and knowledge to help our customers be more productive and competitive in the future.” said Jamie Foley, CEO, Foley, Inc. As a result of the acquisition, Foley CAT’s territory expands from northern New Jersey to the Delaware Valley,
Ryan Foley (L), president, and Jamie Foley, CEO, both of Foley Inc., stand in front of a three-generation family portrait that includes their grandfather and company founder, Edward J. Foley Jr. and their father, Kim Foley, chairman of the board. The painting was a gift to the Foley family by the company’s employees.
southern New Jersey and northern Delaware. Foley will continue to operate out of its headquarters in Piscataway, N.J., and will now also operate out of Bensalem, Pa., (Ransome CAT’s former headquarters); Whitehall, Pa.; Bear, Del.; and Hammonton, N.J. “We are very excited about the opportunity to combine the heritage of two storied Caterpillar dealers, in order to serve a larger, combined customer base,” said Kristin Bromley Fitzgerald, former President of Ransome CAT and now Executive Vice President of Foley, Inc. and a member of the Foley see FOLEY page 104
It’s Finally Here: Infrastructure Plan Details Jeff Martin Auctioneers Holds Inaugural Florida Auction...128
Table of Contents................ 4 Paving Section.............. 53-66 Excavators & Attachments Section........................ 67-103 Parts Section............ 118-119 Auction Section...... 122-133 Business Calendar.......... 132 Advertisers Index............ 134
The Trump Administration announced the longanticipated details of his infrastructure plan Feb. 12. The $200 billion proposal promises to prompt a $1.5 trillion investment throughout the next decade, NBC News reported. “We have to rebuild our infrastructure,” said President Trump. “We’re trying to fix roads and bridges that are falling down.” The Details Highlights of the plan include: • $100 billion in incentives: To gain access to these federal dollars, local and state governments will have to pull together significant funds or form partnerships with private companies. The federal government will decide where to allocate the funds based on a list of criteria, the most prominent of which being the amount of outside money a project already has. see INFRASTRUCTURE page 106
Infrastructure projects across the United States could see a big boost as a result of the recently unveiled Trump Administration infrastructure proposal.