Business
Innovest Global: In Late-Stage Talks, LOI Signed For Acquiring Building Materials Company With $30 Million In Annual Revenues -- Spotlight Growth
Innovest Global: In Late-Stage Talks, LOI Signed For Acquiring Building Materials Company With $30 Million In Annual Revenues -- Spotlight Growth.
About this update from Innovest Global Inc
[{"type":"text","content":"\nSACRAMENTO, CA, Sept. 04, 2018 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE - Spotlight Growth has published new content on Innovest Global, Inc. (OTC PINK: IVST). Innovest Global, Inc. is a diversified holding company that focuses on acquiring niche, high-growth businesses that are capable of generating significant annual revenue. The company’s planned subsidiaries operate across telehealth, biotech, commercial energy, business-to-business distribution, national call center and auto sales. \n The report provides an overview of Innovest Global, Inc., its subsidiaries, financials, US construction industry analysis, global construction industry analysis, building materials, and more.   Statista: U.S. Construction Spending Forecast To Increase From $1.23 Trillion In 2017 To $1.53 Trillion In 2022 Construction activity can serve as a litmus test for the health of the overall economy. During times of economic expansion, construction activity is largely robust and active. Meanwhile, downturns tend to slow or nearly halt construction activity.  According to Statista, United States construction expenditures came in around $1.23 trillion in 2017. The market research firm estimates that U.S. construction spending will increase from $1.23 trillion in 2017 to $1.53 trillion in 2022.  Statista sees a lot of positive signs that strong construction growth within the United States is set to continue over the next several years. Statista notes that aging U.S. infrastructure is a major issue that will require a significant boost in construction in order to properly update our bridges, roads, and other key public facilities.   According to the Construction Intelligence Center (CIC), the global construction industry is expected to have strong performance over the next several years as well.  In December 2017, the CIC released report forecasting that the global construction industry will see growth of 3.6% between 2018 and 2022. However, the CIC released an updated report in April 2018, which increased its growth estimate to 3.7% between 2018 and 2022.  While this may not seem like much at first glance, “in real value terms (measured at constant 2017 prices and US$ exchange rates), global construction output is forecast to rise to US$12.4 trillion in 2022 from US$10.4 trillion in...