VCC Adjusts to Post-Recession Construction Market

by George Waldon  on Monday, May. 28, 2012 12:00 am  

VCC rode the national wave of retail construction to new heights when annual revenue hit $710 million in 2007. But the tide waned, and the Little Rock general contracting firm confronted an altered landscape.

Revenue fell steadily to $605 million in 2008 and $520 million in 2009 before hitting $400 million in 2010, its lowest total since 2003. After three years of spiraling downward, revenue improved 12.5 percent to $450 million in 2011.

"When the world ended in 2008, we had to go out and diversify ourselves," said Sam Alley, company CEO. "The positive is it gave us an opportunity to reinvent the company. We now have a full résumé of projects."

VCC continues to pursue large projects around the nation, but the company has expanded its menu to include more renovation work and education-related jobs.

That in turn has led to landing more business closer to home.

"We're doing more business in Arkansas than we've ever done before," Alley said.

In any given year, the company often accounted for few if any entries on Arkansas Business' annual list of the state's largest construction projects. But that has changed.

Five VCC projects were listed on the 2011 roster:

* Ozark Hall Renovation at the University of Arkansas at Fayetteville, $27 million;

* Autumn Woods Apartments in Little Rock, $20 million;

* McCain Mall Renovation/Regal Cinema in North Little Rock, $17 million;

* Cooperative Extension Division of Agriculture Renovation in Little Rock, $6 million; and

* Pediatrics Plus in Little Rock, $5 million.

 

 

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