Why Private Equity Is Flocking to Construction | Chuck Fenske

BuiltForward: The Future of Construction · Oct 22, 2026 · 58m

In This Episode

00:00 – Meet Chuck Fenske of Carleton McKenna

02:30 – From the family construction business to investment banking

05:30 – Labor shortages and the aging construction workforce

08:30 – Why private equity is investing in construction

11:00 – What motivates contractor owners to sell

14:00 – Preparing for a sale and maximizing valuation

16:00 – What makes one contractor worth more than another

18:30 – Financial discipline, cash flow, and quality of earnings

23:00 – Bonding and surety considerations

25:00 – Why the highest offer isn't always the best

27:00 – What good private equity…