Alberici & Flintco Expand Services with Investment in LCG Capital Management
ST. LOUIS, June 30, 2025 /PRNewswire/ -- Alberici Corporation has made a strategic investment in LCG Capital Management (LCG), a real estate firm specializing in development, brokerage, property management and corporate services. As a result, Alberici subsidiaries Alberici Constructors and Flintco construction clients will gain access to specialized real estate expertise.
Founded by real estate professionals Rob Goltermann, Ian Silberman and Scott Bitney, LCG will retain its name and continue to operate independently under Goltermann's leadership as Chief Executive Officer. The financial terms of the transaction were not disclosed.
'Clients today face tighter credit markets and complex macroeconomic conditions,' said Richard Jaggers, President and CEO of Alberici Corporation. 'Our investment in LCG gives us a powerful resource to help clients extract value from existing assets and align their real estate strategies with long-term business goals.'
Joining the LCG leadership team is Craig Saur, former Chief Administrative Officer at Flintco, who will serve as Chief Operating Officer. Saur brings more than two decades of operational and real estate experience to support client solutions and drive internal growth.
'For many companies, real estate is a major cost driver but not a core capability,' said Saur. 'LCG is built to help clients convert real estate from a challenge into a strategic advantage.'
'LCG helps clients optimize the value of their real estate portfolios through development, repositioning and planning future capital projects,' added Goltermann. 'With the financial strength and national presence of Alberici and Flintco, we are well-positioned to accelerate our growth and deliver integrated solutions across industries.'
A new Board of Directors reflects the strategic alignment of both organizations. Members include Gregory Kozicz, Ph.D., Chairman, Alberici Corporation; Rob Goltermann, CEO, LCG Capital Management; Anthony Clark, CEO, Narrow Road Group; Ian Silberman, Principal, LCG Capital Management.
About Alberici Corporation
Alberici Corporation, through its subsidiaries Alberici Constructors and Flintco, is a leading North American construction company serving diverse markets with innovative, high-quality and safe project delivery. Founded in 1918 and 1908, the company has 3,500 employees across North America and ranks as the 34th largest builder (ENR, May 2025) with annual revenues exceeding $4.45 billion.
View original content: https://www.prnewswire.com/news-releases/alberici--flintco-expand-services-with-investment-in-lcg-capital-management-302493640.html
SOURCE Alberici Constructors, Inc
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Epoch Times
10 hours ago
- Epoch Times
Cory Morgan: Cities Should Halt Electric Bus Purchases Given Their Abysmal Track Record
While the political battle rages on over mandates for consumer purchases of electric vehicles, Canadian municipalities have been going all-in on electric buses, and it hasn't gone well. Despite the failures of electric bus fleets in numerous North American cities, local governments continue to commit to large-scale electric bus purchases. Calgary's recent commitment to spend nearly half a billion dollars on a fleet of electric buses is one of the latest and largest expenditures in Canada.
New York Post
a day ago
- New York Post
More US tourists visit Canada than Canucks travel to America for first time ever: report
Tourists from the Great White North are giving the US the cold shoulder. In a surprise twist to the ongoing trade war between North American neighbors, July marked the first time ever more Americans road-tripped it to Canada, than vice versa. That month saw 1.8 million US car trips into Canada, compared to 1.7 million Canadian excursions to the Land of the Free, new data from Statistics Canada released Monday found. Cross-border trips between Canada and the US slowed in July, normally the busiest month of the year. Bloomberg via Getty Images Travel in both directions is slumping, however, as trade tensions between the two allies boil over. US visits to its northern neighbor dropped 7.4% from last July — normally the busiest travel month of the year — while Canadian road trips to America nosedived by a staggering 37%. It marked the sixth consecutive month of year-over-year declines in tourism, following President Trump's February announcement that he was implementing tariffs on Canada, while also joking that he planned to make the country the 51st state, which led to Canucks cancelling their US vacations in droves. 1.8 million Americans visited Canada by car in July. AMVShutter – The two countries blew past an Aug. 1 trade-deal deadline and are now locked in a tit-for-tat tariff battle. The US is targeting Canadian goods not covered by the Canada-United States-Mexico Agreement with tariffs of up to 50%, and Canada imposing 25% counter-tariffs on billions of US exports.
Time Magazine
2 days ago
- Time Magazine
What to Know About the Planned Air Canada Strike
Air Canada has warned its customers that their travel over the next few days could be disrupted because of a planned strike by its unionized flight attendants. The planned action comes after contract negotiations between the union representing Air Canada's roughly 10,000 flight attendants, Canadian Union of Public Employees (CUPE), and the air carrier have stalled. The union filed a notice on Wednesday that it planned to strike starting around 1 a.m. ET on Saturday, and the airline responded in kind, filing its own notice that said it would lock out flight attendants, blocking them from going into work. Air Canada is Canada's largest air carrier, running both domestic and international flights. The airline and its affiliate, Air Canada Rouge, typically serve about 130,000 customers a day, and a grounding of all flights run directly by Air Canada would leave those passengers scrambling to make alternative travel arrangements. Mark Nasr, Chief Operations Officer for Air Canada, was quoted as saying on Thursday that the impact of a total shutdown would be 'profound.' Here's what to know about the planned strike and how it stands to impact travelers. Why is the union representing Air Canada planning to go on strike? Flight attendants are demanding better wages and compensation for unpaid work. Currently, Air Canada only compensates flight attendants for the time they are in the air, but its attendants are seeking pay for the work they do before take-off and after landing, too. Many North American airlines only compensate flight attendants for the time spent in the air, but Delta Air Lines in 2022 agreed to pay for the work flight attendants do while passengers are boarding the plane. American Airlines and Alaska Airlines have since followed suit. Both CUPE and the airline maintain that negotiations have reached an impasse. Air Canada said it offered a 38% increase in total compensation—that includes wages, benefits, and pensions—over four years. CUPE, though, said the airline's offer of an 8% raise in the first year wasn't enough to make up for the impact of inflation. CUPE also said it turned down the company's proposal to enter a binding arbitration process because it would rather work out a deal that the unionized flight attendants would be able to vote on, according to the Associated Press. Patty Hajdu, Canada's Jobs Minister, has encouraged both parties to negotiate and reach an agreement. 'To the parties: I strongly urge you to come to an agreement—do not waste this precious time. Canadians are counting on you,' Hajdu said in a statement posted on X. 'To Canadians: I understand this dispute is causing a great deal of frustration and anxiety. I am closely monitoring this evolving situation, and federal mediators are willing and able to work with both parties around the clock until they reach a deal.' Read More: The Safest Place to Sit on a Plane, According to Experts Has Air Canada started canceling flights? Yes, flights are already being impacted. On Thursday, Air Canada started an 'operational wind down' because of the planned strike, canceling 34 flights that impacted nearly 8,000 people, according to an update the company shared via social media. By noon on Friday, Air Canada had canceled a total of 294 flights, affecting more than 55,000 people, per an additional update from the airline. Speaking on Thursday, Nasr predicted that by 1 a.m. on Saturday morning, Air Canada 'will be completely grounded.' What should travelers do if their Air Canada flight is canceled? In a press release on Friday, Air Canada said that customers who have flights booked between Aug. 15 to 18 can change their flight free of charge if they bought the ticket on or before Aug. 14. If a customer chooses not to change their travel arrangements, but their flight is later canceled because of the planned strike, Air Canada said it will try to rebook the customer on a different flight, including with other airlines. However, the company warned: 'Available capacity on our airline and on other carriers is limited due to the summer travel peak, meaning the possibility of rebooking you within an acceptable timeframe is low.' It added that a customer in that situation could instead opt to receive a refund. The airline also advised on Friday that if a customer's flight is canceled, they shouldn't go to the airport unless they have received a confirmed new booking. Air Canada said travelers can contact customer service with any questions, but noted that wait times will be longer than usual due to current circumstances.
