Ainsworth-Benning Construction Company Profile

Background

Overview

Ainsworth-Benning Construction, established over 65 years ago, is a prominent general contractor based in Spearfish, South Dakota. The company specializes in commercial, civil, and custom residential construction, as well as site development services. With a strong presence in the Black Hills region and extending into Wyoming, Ainsworth-Benning has built a reputation for delivering high-quality, reliable, and timely construction solutions.

Mission and Vision

Ainsworth-Benning's mission is to positively impact lives by building community through exceptional construction services. The company envisions being a trusted partner in infrastructure development, committed to excellence, safety, and client satisfaction.

Industry Significance

Over the decades, Ainsworth-Benning has significantly contributed to the development of the Upper Midwest's infrastructure, undertaking projects that range from educational facilities and healthcare environments to commercial offices and high-end residential builds. Their expertise in the Construction Manager at Risk (CMAR) delivery method has set them apart in the industry.

Key Strategic Focus

Core Objectives

Ainsworth-Benning focuses on delivering projects that are on time, within budget, and exceed client expectations. Their strategic emphasis is on safety, precision, and long-term value, ensuring that each project contributes positively to the community.

Areas of Specialization

Commercial Construction: Developing office buildings, retail spaces, and other commercial properties.

Civil Engineering: Managing infrastructure projects such as bridges, roadways, and utility installations.

Custom Residential: Building high-end residential homes tailored to client specifications.

Site Development: Providing grading, drainage, and utility installation services.

Key Technologies Utilized

Ainsworth-Benning employs modern engineering practices and construction technologies to ensure precision and efficiency in project execution. Their commitment to quality is evident in their award-winning standards and the use of advanced construction methodologies.

Primary Markets Targeted

The company primarily serves clients in South Dakota, Wyoming, and surrounding regions, focusing on both public and private sector projects. Their diverse portfolio includes work for municipalities, developers, and state agencies.

Financials and Funding

Funding History

In May 2025, Ainsworth-Benning Construction was acquired by ANCO Holdings, a Hartford-based company. This acquisition allowed ANCO Holdings to expand into general contracting services, complementing their existing operations in utility, energy, wireless, and development infrastructure. The financial terms of the acquisition were not publicly disclosed.

Utilization of Capital

The integration with ANCO Holdings is expected to enhance Ainsworth-Benning's capacity to undertake larger and more complex projects, leveraging ANCO's resources and expertise to deliver comprehensive infrastructure solutions.

Pipeline Development

Key Projects

Sundance Square: A civil project located in Sundance, Wyoming, focusing on infrastructure development.

Dark Canyon Bridge: A civil project in Dark Canyon, South Dakota, involving bridge construction for Pennington County.

Security First Bank – Rapid City: A commercial building project in Rapid City, South Dakota, for Security First Bank.

BHSU EY Berry Library and Learning Center: An educational facility in Spearfish, South Dakota, for Black Hills State University.

ATLAS One Stop Building: A commercial building project in Spearfish, South Dakota, for the Spearfish Economic Development Corporation and the State of South Dakota.

Deadwood Welcome Center: A civic project in Deadwood, South Dakota, for the City of Deadwood.

Pioneer Bank & Trust: A commercial building project in Spearfish, South Dakota, for Pioneer Bank & Trust.

Anticipated Milestones

While specific timelines for these projects are not detailed, Ainsworth-Benning's history of completing projects on time and within budget suggests a commitment to meeting client expectations and project deadlines.

Technological Platform and Innovation

Proprietary Technologies

Ainsworth-Benning utilizes advanced construction methodologies and modern engineering practices to ensure precision and efficiency in project execution. Their commitment to quality is evident in their award-winning standards and the use of advanced construction methodologies.

Significant Scientific Methods

The company employs the Construction Manager at Risk (CMAR) delivery method, which involves the construction manager acting as a consultant to the owner during the design phase and as the general contractor during the construction phase. This approach allows for better collaboration, cost control, and project scheduling.

Leadership Team

Key Executives

Tate Johnson: President of Ainsworth-Benning Construction, overseeing all operations and strategic initiatives.

Mike Young: CEO of ANCO Holdings, the parent company of Ainsworth-Benning Construction, leading the overall strategic direction.

Professional Backgrounds

Tate Johnson: With extensive experience in the construction industry, Johnson has been instrumental in leading Ainsworth-Benning through significant growth and development.

Mike Young: As the founder of ANCO Holdings, Young has a background in infrastructure development and has expanded the company's portfolio to include general contracting services.

Key Contributions

Tate Johnson: Under Johnson's leadership, Ainsworth-Benning has maintained a strong presence in the Upper Midwest, delivering projects that enhance community infrastructure.

Mike Young: Young's acquisition of Ainsworth-Benning has positioned ANCO Holdings as a full-service provider in infrastructure development, expanding their capabilities and market reach.

Competitor Profile

Market Insights and Dynamics

The construction industry in the Upper Midwest, particularly in South Dakota and Wyoming, is characterized by a mix of regional and national firms competing for both public and private sector projects. The market is influenced by factors such as economic growth, infrastructure needs, and government funding for development projects.

Competitor Analysis

Krohmer Plumbing & Heating: Specializes in plumbing and heating services, with an estimated revenue of $14.4 million and 55 employees.

Custom Touch Homes: Focuses on custom home building, with an estimated revenue of $7.4 million and 32 employees.

Norton Construction: Provides general contracting services, with an estimated revenue of $10.9 million and 47 employees.

Red Rock Ranch: Engages in construction and development, with an estimated revenue of $10.9 million and 47 employees.

Fiegen Construction: Offers construction services, with an estimated revenue of $13.6 million and 52 employees.

Peska Construction: Specializes in construction services, with an estimated revenue of $10.9 million and 47 employees.

Jans Corporation: Provides construction services, with an estimated revenue of $19.6 million and 75 employees.

Strategic Collaborations and Partnerships

The acquisition by ANCO Holdings has enabled Ainsworth-Benning to expand its service offerings and market reach, positioning the company to handle projects of greater scale and complexity.

Operational Insights

Ainsworth-Benning's expertise in the CMAR delivery method and its longstanding reputation in the region provide a competitive advantage in securing and executing projects efficiently. The integration with ANCO Holdings further strengthens their market position by combining resources and capabilities.