Private Businesses Build On Construction's Growth

Strength in construction has contributed to privately held companies’ healthy and consistent growth in sales and profit margins, according to new data from Sageworks, a financial information company. Sales for private companies on average are increasing at an annual rate of 8 percent as of June, according to the latest Private Company Report by Sageworks, a quarterly review of financial trends among private companies. And the average net profit margin is 7.2 percent, compared with 5.9 percent ...