Nabholz's New CEO Greg Williams Prepares for Projects

by Mark Friedman  on Monday, Apr. 28, 2014 12:00 am  

Greg Williams, CEO of Nabholz, said he worries that there will be a shortage of construction workers because millennials aren’t attracted to the industry. (Photo by Jason Burt)

Greg Williams, the new CEO of Nabholz Construction Corp. of Conway, thinks the construction industry is ready to grow.

"The pent-up demand is there and it’s starting to come out," said Williams, who has been with the company since 1991 and became its CEO on Jan. 1. He succeeded Bill Hannah, who moved to chairman of the board.

“We definitely see opportunities to grow geographically in some of the adjoining states,” Williams told Arkansas Business last week.

Founded in 1949, the commercial contractor’s plan for growth also includes expanding its lines of services and boosting its workforce of approximately 850 employees.

In 2013, Nabholz’s revenue was $389 million, down 27.6 percent from the previous year. It is No. 2 on Arkansas Business’ list of largest commercial contractors ranked by revenue.

Williams said the reason for the decline in revenue was a slowing in health care sector construction. He also said several of the larger projects Nabholz was working on between 2010 and 2012 ended.

Still, Williams said he doesn’t set a revenue target, focusing instead on the bottom line and customer satisfaction.

“We have maintained profitability during the economic downturn,” Williams said. “A lot of peers have not been able to do that. So we consider that a big victory.”

Nabholz currently is handling the largest construction project in Arkansas, the $50.7 million CARTI Campus in west Little Rock. CARTI was one of 14 Nabholz projects on Arkansas Business’ list of the largest construction projects in the state that was published in December.

Plans for Growth

Williams said one of the areas he will target is expanding Nabholz’s workforce.

He said he thinks there will be a shortage of construction workers for positions such as project managers, superintendents and craftsmen in the upcoming years.

 

 

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