Cherry Coatings Market Research Report

Background

Company Overview

Established in 1968, Cherry Coatings is a family-owned business specializing in commercial painting, floor coatings, and maintenance coatings services. With a workforce exceeding 1,500 employees, the company operates across multiple states, including Texas, Arizona, Tennessee, Colorado, Georgia, and Florida. Cherry Coatings is recognized as one of the largest paint contractors in the United States.

Mission and Vision

Mission: To deliver exceptional service to clients while providing a fulfilling experience for employees, positively impacting their lives and communities.

Vision: To impact lives.

Core Values

Servant Heart: Prioritizing the needs of others, including employees, clients, and communities.

Cultivate: Investing in personal and professional development.

Act Promptly: Responding swiftly and accurately to needs and challenges.

Innovate: Embracing creativity and out-of-the-box thinking.

Deliver: Honoring commitments and exceeding expectations with excellence.

Key Strategic Focus

Core Objectives

Cherry Coatings aims to provide high-quality commercial painting and coating services, ensuring client satisfaction and fostering long-term partnerships.

Areas of Specialization

Commercial Painting: Exterior and interior painting, performance coatings, and specialty finishes.

Commercial Floor Coatings: Epoxy systems, urethane cement, polished concrete, and more.

Facility Coatings Maintenance: Tenant improvements, portfolio rebrands, and preventative maintenance.

Key Technologies Utilized

The company employs advanced coating technologies and project management tools to ensure efficiency and quality in service delivery.

Primary Markets Targeted

Cherry Coatings serves general contractors, commercial property managers, and facility managers across various sectors, including healthcare, education, hospitality, and industrial facilities.

Financials and Funding

Funding History

As a privately held company, Cherry Coatings has not publicly disclosed detailed funding history or financials.

Recent Financial Milestones

2024: Ranked #260 in the Engineering News-Record (ENR) Top 600 Specialty Contractors List.

2025: Ranked #3 among the Top Painting Contractors in the United States.

Pipeline Development

Key Projects and Milestones

2024: Recognized with the 2024 Top Job Austin award for exceptional work on a new children’s hospital in Austin, TX.

2024: Listed among the Dallas Business Journal's 2024 North Texas Fast 50, highlighting a 49.1% growth over the past three years.

Technological Platform and Innovation

Proprietary Technologies

Cherry Coatings utilizes state-of-the-art coating technologies and project management software to enhance service delivery and operational efficiency.

Significant Scientific Methods

The company employs advanced coating application techniques and quality control measures to ensure superior results.

AI-Driven Capabilities

While specific AI-driven capabilities are not detailed, the company is committed to innovation and may explore such technologies to improve operations.

Leadership Team

Executive Profiles

Zack Cherry: Chief Executive Officer (CEO).

Rocky Cherry: Chief Growth Officer.

Pat Cherry: Project Manager and Mentor.

Jan Cherry: Co-founder and former President.

Leadership Changes

In 2004, Zack Cherry joined the company, followed by Rocky Cherry in 2009. Pat and Jan Cherry transitioned leadership to the third generation in the 2010s.

Competitor Profile

Market Insights and Dynamics

The commercial painting and coatings industry is characterized by a competitive landscape with numerous regional and national players. Key factors influencing the market include technological advancements, labor availability, and economic conditions affecting construction activities.

Competitor Analysis

Sherwin-Williams: A global leader in paints and coatings, offering a wide range of products and services.

Ferro Corporation: Specializes in performance materials, including coatings for various applications.

PLATIT AG: Provides coating equipment for the manufacturing cutting tool industry.

Strategic Collaborations and Partnerships

Cherry Coatings has not publicly disclosed specific strategic collaborations or partnerships.

Operational Insights

Strategic Considerations

Cherry Coatings focuses on maintaining high-quality standards, fostering strong client relationships, and expanding its geographic footprint to enhance market presence.

Competitive Advantages

Experience: Over five decades in the industry.

Workforce: A large and specialized team ensuring efficiency and quality.

Recognition: Consistent ranking among top painting contractors in the U.S.

Strategic Opportunities and Future Directions

Growth Opportunities

Geographic Expansion: Further penetration into emerging markets.

Service Diversification: Exploring new coating technologies and services.

Sustainability Initiatives: Adopting eco-friendly practices and products.

Future Objectives

To continue delivering exceptional service, fostering innovation, and expanding market share in the commercial coatings industry.