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China Makes Its First Investment In Leading U.S. Construction Management Firm

China State Construction Engineering Corporation (CSCEC) has acquired Plaza Construction for an undisclosed amount through China Construction America, its US subsidiary. This significant Chinese investment in the US construction firm, which improves its financial strength and bonding capabilities, represents definite growth opportunity for Manhattan-based Plaza Construction. Richard Wood, CEO of Plaza Construction, said that the firm has been practicing a ‘hands-on’ approach to working with its clients and managing its construction projects for almost 30 years. The acquisition by CSCEC puts the firm in a position to grow faster, thanks to improved resources, bonding, and procurement capability. Plaza Construction is ..   [Read more]