71-Year-Old Company Makes "Decision to Preserve the Firm" Amid Worsening Labor Shortage in Construction: Best Stage's First M&A in Apartment Building
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Best Stage, specializing in apartment construction, announced its first M&A, acquiring all shares of Tomoe Komuten, a 71-year-old construction company. This move addresses the severe labor shortage and succession issues in the construction industry, aiming to preserve Tomoe Komuten's technology and legacy while expanding Best Stage's business into non-residential and public works.