General contractors in the Southwest have submitted their firm’s information for the annual, regional contractor’s survey, and the next issue of ENR Southwest will present the results along with a snapshot of the health of firms and the market niches in which they perform.
More than 60 firms from Arizona, Nevada and New Mexico participated in the survey.
While many firms performed well in 2014 and the market is stable in Arizona and New Mexico, it is growing in Nevada, which is likely why both of our finalists came from the Las Vegas area. This year, Penta Building Group of Nev., and Las Vegas Paving, Las Vegas, Nev., made the final nominations. And, while many regional editors hailed Las Vegas Paving for their outstanding work and status as the premier road builder in Southern Nevada and beyond, the winner this year is Penta Building Group.
Penta Building Group built its reputation during the Las Vegas building boom of the millennium. The firm responded to the economic downturn by branching out from hotel and hospitality projects to also pursue public works, health care and retail projects. The company further diversified by opening offices in Los Angeles, Calif. and Tulsa, Okla., in addition to Las Vegas, Reno, Palm Desert, Calif., and Phoenix.
The firm has more than doubled its revenue since 2011.
Among its current projects, the firm is building the first non-collegiate arena in Las Vegas with Hunt Construction Group, the $375 million Las Vegas Arena for MGM Resorts International. The 20,000-seat arena is on a 16-acre site at the southeast corner of Rue de Monte Carlo and Frank Sinatra Drive featuring 50 luxury suites, 25 luxury loge boxes and multiple outdoor balconies.
The firm is also working with Hunt on the $250 million West Valley Casino in Glendale, Ariz., the firm’s first major project in Arizona.
Beyond site-work, Penta supports more than 40 charities, including the Nevada Childhood Cancer Foundation, Women’s Development Center and Rebuilding Together. Additionally, each year, Penta hosts Annual Safety Kickoff events in all of its major markets, inviting the company’s strategic partners, clients.
We’ll have much more on Penta and a perspective from other general contracting firms on current business conditions. If you would like to contribute, please email me at firstname.lastname@example.org.