Construction news services are used by many building product manufacturers to identify and track prospects and to gather market intelligence. At the beginning of the year there were five significant players in the business. Now there are only two.
iSqFt acquired BidClerk and CDC Publishing in May 2015 and then merged with CMD Group in August 2015.
This roll-up creates a powerhouse that competes with Dodge, recently spun-off from McGraw Hill.
While there are several local and regional plan rooms and publications that continue to serve local contractors and suppliers, this consolidation means that building product manufacturers now have just two sources of construction news reports and related lead and research services.
Good or bad news for building product manufacturers?
Depends on your point of view. There are fewer players and hence less competition that may lead to price increases. But my impression is that Dodge was so far ahead of the others in market share and resources, that the roll-up of the smaller firms may actually create an effective alternative to Dodge.
iSqFt acquired BidClerk and CDC Publishing in May 2015 and then merged with CMD Group in August 2015.
Good or bad news for building product manufacturers?
Depends on your point of view. There are fewer players and hence less competition that may lead to price increases. But my impression is that Dodge was so far ahead of the others in market share and resources, that the roll-up of the smaller firms may actually create an effective alternative to Dodge.