Coral Construction Company

Background

Established in 1979, Coral Construction Company has grown to become one of the largest specialty highway contractors on the West Coast. Operating across multiple states—including Oregon, California, Washington, Nevada, Colorado, Idaho, Montana, Utah, Alaska, and Hawaii—the company specializes in the installation and construction of permanent roadway and freeway signage, metal beam guardrails, cable barrier systems, highway-related electrical construction, and other highway safety devices.

Key Strategic Focus

Coral Construction's strategic focus centers on delivering highway safety projects efficiently and effectively. The company emphasizes completing projects on time and within budget, ensuring minimal disruption to clients. By owning and maintaining specialized equipment, Coral Construction can swiftly adapt to project requirements, enhancing responsiveness and flexibility. The company's extensive experience across various states enables it to navigate diverse regulatory environments and implement best practices from different regions.

Financials and Funding

As of the latest available data, Coral Construction Company reports annual revenues of approximately $6.7 million and employs around 34 individuals. The company has raised a total of $350,000 in funding over one round.

Pipeline Development

Coral Construction is actively involved in several infrastructure projects, including:

NE 137th Avenue Corridor Completion: A $20 million project in Vancouver, WA.

2024 West Curb Ramps: A $550,000 project in Vancouver, WA.

US 50 and US 285 Intersection Improvements: A $20 million project in Buena Vista, CO.

These projects underscore the company's commitment to enhancing transportation infrastructure across its operational regions.

Technological Platform and Innovation

Coral Construction distinguishes itself through the ownership and customization of specialized equipment tailored for highway safety installations. With over 40 years of experience in modifying, fabricating, and manufacturing equipment, the company addresses unique challenges presented by various projects. This in-house capability ensures that equipment is readily available and adaptable, allowing for efficient project execution without reliance on external rentals.

Leadership Team

The leadership team at Coral Construction comprises experienced professionals dedicated to the company's mission:

Kevin Peel: Managing Director

Damon Rumsch: President

Carl Doucet: Owner

Sal Corales: General Contractor

Marc Roberts: Manager

Larry Arnold: Vice President

These individuals bring a wealth of experience in construction management, engineering, and business operations, contributing to the company's sustained growth and success.

Competitor Profile

Market Insights and Dynamics

The specialty highway construction industry is characterized by a competitive landscape with several key players offering similar services. The market is driven by infrastructure development initiatives, government funding, and the need for roadway safety enhancements.

Competitor Analysis

Coral Construction faces competition from companies such as:

Highway Safety Devices: With approximately 95 employees and annual revenues of $25.3 million, this company offers comparable highway safety services.

Preston Construction: Employing around 21 individuals and generating $6 million in annual revenue, they provide similar construction services.

D E Gemmill: This company has about 37 employees and $10.3 million in annual revenue, specializing in highway safety solutions.

These competitors operate in overlapping markets, offering services that align closely with Coral Construction's offerings.

Strategic Collaborations and Partnerships

Coral Construction maintains long-standing relationships with steel manufacturers, lumber suppliers, and sign manufacturers. These partnerships ensure timely delivery of quality materials, contributing to the company's ability to meet project deadlines and maintain high standards.

Operational Insights

The company's strategic positioning across multiple states allows it to leverage regional expertise and adapt to varying regulatory requirements. By owning specialized equipment and fostering strong supplier relationships, Coral Construction ensures operational efficiency and responsiveness to client needs.

Strategic Opportunities and Future Directions

Looking ahead, Coral Construction aims to expand its footprint in the western United States by pursuing new infrastructure projects and strengthening existing client relationships. The company's commitment to safety, quality, and efficiency positions it well to capitalize on upcoming opportunities in the highway construction sector.