Upstate New York Engineers

Upstate New York Engineers

Upstate New York Engineers functions as the benefit fund vehicle for participating locals of the International Union of Operating Engineers. Primary participating locals include IUOE Local 158 and IUOE Local 17. The plan structure reflects standard multiemployer governance with employer and union trustees. The fund has executed buyout investments and maintains positions in commercial real estate through Salina Street Realty Corp and 4325 S Salina Street Realty Corp. Past holdings include an exited position in IEA Energy Services and a prior allocation to Bernard L. Madoff Investment Securities LLC via Ivy Asset Management. Current public equity exposure includes Centuri Holdings and Apogee Enterprises. Geographic focus remains within the United States, concentrated in New York. Service providers include SEI Investments as investment consultant since 2016 and Slevin & Hart as general counsel since 2016. The fund received a Special Financial Assistance grant from the PBGC under the American Rescue Plan Act. Deborah M. Spaulding serves as current Fund Administrator. Governance ties the fund directly to IUOE locals and employer associations such as Union Concrete & Construction Corp and the Construction Employers Association of CNY.