VCC Gaining on Nabholz on Commercial Contractors List

by Gwen Moritz  on Monday, May. 27, 2013 12:00 am  

William Clark, Clark Contractors. (Photo by Jason Burt)

Ups and Downs

CDI Contractors was originally owned 50-50 by Dillard’s Inc. and Arkansas construction legend Bill Clark. But in August 2008, 15 months after Clark’s death, Dillard’s exercised its option to buy the Clark half of the business.

Bill Clark’s son, William, who became CEO after his father’s death, subsequently resigned from CDI and formed his own company, Clark Contractors LLC, in February 2009.

Clark Contractors more than doubled its revenue in 2012 to $104.3 million — a bit more than CDI’s non-Dillard’s work — and zoomed from No. 9 to No. 4 on the list.

Clark recently told Arkansas Business that 2013’s revenue would probably not match 2012’s, “but some projects we’re chasing could get us there.”

Meanwhile, Baldwin & Shell, the venerable Little Rock contractor that accepts work only in-state, dropped from No. 3 last year to No. 5 with a decline of almost 35 percent between 2011 and 2012. CEO Bob Shell recently said that 2013 should be busier and “2014 and 2015 are shaping up to be really good years.”

In a stark reminder that revenue and profitability are two entirely different things, last year’s No. 5 contractor, Latco Inc. of Lincoln, has dropped off the list entirely.

The builder of poultry houses and commercial trusses, which claimed revenue of $80 million in 2011, began selling off assets in 2012 and went out of business in February.

 

 

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