Diversification isn’t a guaranteed safeguard against market swings in the construction industry. But for Houston-based Keystone Concrete Placement, ENR Texas & Louisiana’s Specialty Contractor of the Year, it’s proving to be a sound strategy.
Consider, for example, the relative cooling of big-budget projects in Keystone’s hometown market, largely the result of a prolonged slump in oil prices. By providing its services to education, health care and industrial projects, Keystone has enjoyed steady growth. For 2015, the firm posted regional revenue of $365 million, up $45 million from the previous year.