VCC Climbs to No. 1 with Revenue of $607M

by George Waldon  on Monday, Apr. 28, 2014 12:00 am  

A 20.3 percent gain in revenue took Salter Construction Inc. of Conway from No. 22 to No. 17 at $24 million.

“We have some high hopes for this year,” said Nathan Salter, president of Salter Construction. “We think we’ve positioned ourselves for more growth.”

Salter said retail construction is starting to bounce back after trailing activity in other sectors.

“We’re pretty heavy in multifamily, and multifamily is really hot,” he said.

That trend is continuing into 2014 with apartment jobs in central Arkansas and deals in the works for northwest Arkansas. Hangar construction at the new Conway airport is adding to the workload. Dental office construction has provided a busy niche for Salter too. The company has two projects underway and four more on the books.

“We’ll probably end up doing five to eight this year,” Salter said.

Tate General Contractors Inc. of Jonesboro registered a 19.4 percent revenue gain that took it from No. 18 to No. 13 at $32.2 million. Gaylon Tate, CEO of the northeast Arkansas firm, indicated that holding its position could be difficult.

“It’s kind of slow right now,” Tate said. “We’re doing some small things and finishing up some big projects. We’ll probably be down in the $20 million range next year, but a lot could happen between now and next year.”

Kinco Constructors LLC of Little Rock recorded 2013 revenue of $59.7 million, a one-year gain of 10 percent.

“We had a really good year in 2013,” said Doug Wasson, president and CEO of Kinco. “A lot of it is still in public-sector work. I see a little bit more movement in the private sector for 2014.

“We are getting a lot of calls and inquiries. That’s encouraging. It’s more than I’ve seen in the last three to four years.”

Wasson said the construction jobs up for grabs represent a mix of projects across the commercial sectors.

“I’m optimistic on 2014,” Wasson said. “There’s a lot of activity out there.”

 

 

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