FMI knows what's happening in the construction industry. The company provides management consulting and investment banking services to clients in the construction industry, including contractors, suppliers, architects, and engineers. Its consulting services range from strategy development and leadership assessments to market research and training. FMI offers investment banking services in such areas as mergers and acquisitions, acquisition due diligence, capital placements, and merchant banking. Its clients have included Aldridge Electric , J. F. Ahern, and Roche Constructors. Former North Carolina State professor Dr. Emol "Doc" Fails started the firm in 1953. FMI stands for "Fails Management Institute."