Steve Mastin has been chosen to serve as chief financial officer of 4M Building Holdings, and Andrew Rust will be head of corporate development and M&A for 4M Building Solutions. Sean Darin, a principal with O2 Investment Partners, pointed to opportunity for consolidation in the janitorial market and said that "the platform has already completed four acquisitions since we invested at the end of 2022."

Data Clean Corporation, an Illinois-based provider of facility maintenance services, acquired DC Canada, which decontaminates data centers. Data Clean has previously acquired other critical environment cleaning businesses focused on US data centers.

The arrival of immigrants in the US appears to be playing a crucial role in how the country has been able to add jobs and avoid recession despite restrictive monetary policy. "The immigration numbers being higher than what we had thought -- that really does pretty much solve that puzzle," said Heidi Shierholz, former chief economist at the Labor Department.

The IRS says that the pandemic-era employee retention tax credit has been a magnet for improper claims, and the cost of the program has ballooned from the $55 billion that Congress initially estimated. "The problem is we have promoters out there who are trying to put one over on small businesses, convincing them they're eligible for something that they're not eligible for," said IRS Commissioner Danny Werfel.

True servant leadership is about giving, not taking -- but taking in a colleague's perspective before giving your own is the best gift for you both, writes Leadership Freak blogger Dan Rockwell. Silence your desire as a leader to fix things so you don't disempower colleagues, Rockwell suggests, while people skills coach Kate Nasser says that in order to connect, you must engage, inspire, manage and lead.

The building service contractor (BSC) industry is growing. With this growth comes new regulations and laws that BSCs need to be prepared for. Now is the time to be proactive in planning for future changes. In this Executive Insights interview, Doug Peterson, general manager of corporate accounts at Spartan, shares advice on how business leaders can create a solutions-driven plan for their company and achieve sustainable results.

The 2024 BSCAI Executive Management Conference is a three-day interactive forum, uniquely designed to bring together BSCs and their management teams to discuss strategies to achieve company priorities and to learn from industry leaders. The 2024 conference will be taking place in ChampionsGate, Fla. from April 25 - 27 at the Omni Orlando Resort at ChampionsGate.

Don't forget! Exclusive to the Executive Management Conference, when you buy three registrations you get the fourth one free!