Ideal Contracting Company Profile

Background

Established in 1998, Ideal Contracting, LLC is a certified minority-owned (MBE) general contractor headquartered in Detroit, Michigan. The company has built a reputation for quality and has become one of the largest general contractors in Michigan, with aspirations to expand its footprint throughout the United States. Ideal Contracting emphasizes honest and ethical conduct, maintaining high levels of communication throughout the project process, and prioritizing construction schedules, safety, quality requirements, and budgetary constraints.

Key Strategic Focus

Ideal Contracting specializes in general contracting, construction management, design-build, facility maintenance, and blanket order emergency response services. The company offers a wide range of self-perform capabilities, including excavation, concrete, structural and miscellaneous steel erection, carpentry, drywall, and rigging. By leveraging these services, Ideal Contracting aims to deliver comprehensive construction solutions to its clients.

Financials and Funding

Ideal Contracting's estimated annual revenue is approximately $124.7 million, with revenue per employee estimated at $362,500. The company has experienced significant growth, increasing its employee count by 22% in the past year.

Leadership Team

Frank Venegas: Chairman & CEO. Frank Venegas, a Detroit entrepreneur and grandson of Mexican immigrants, founded Ideal Contracting in 1998. He has led the company to become one of the largest general contractors in Michigan.

Loren Venegas: President. With over 20 years of experience in the commercial and industrial construction industries, Loren oversees the general operations of Ideal Contracting, ensuring client satisfaction and project delivery.

Jon Hautau: Senior Vice President, Service Group. Jon has over 36 years of experience in the construction industry and is responsible for the safety, process, quality, and efficiency of Ideal Contracting’s corporate construction management programs.

Kevin Foucher: Vice President. Kevin plays a key role in the company's operations and strategic initiatives.

Nick Luxon: Senior Vice President of Construction. Nick manages projects through completion by overseeing scheduling, profitability, quality control, safety, and maintaining customer and subcontractor relations.

Richard Brown: Vice President of Operations. Richard establishes team relationships and initiates construction manager services on general contracting and steel projects, administering project progress and monitoring costs and schedules.

Competitor Profile

Market Insights and Dynamics

The construction industry in Michigan is competitive, with several established firms offering a range of services. Ideal Contracting's focus on quality, safety, and customer service positions it favorably within this market.

Competitor Analysis

Barton Malow: With approximately 1,900 employees and annual revenue of $1 billion, Barton Malow is a significant competitor in the construction industry.

The Christman Company: Employing around 520 individuals and generating revenue between $50 million and $100 million, The Christman Company offers similar services in the construction sector.

JE Dunn Construction: With a workforce of 4,000 and annual revenue of $1 billion, JE Dunn Construction is a major player in the industry.

Hensel Phelps: Employing 5,000 individuals and generating $1 billion in revenue, Hensel Phelps is another key competitor.

Walbridge: With 1,100 employees and $1 billion in revenue, Walbridge competes directly with Ideal Contracting in the Michigan market.

Strategic Collaborations and Partnerships

Ideal Contracting has established significant partnerships to enhance its market position and capabilities. Notably, the company partnered with Ben Hur Construction on a $150 million Amazon fulfillment center in Gaines Township near Grand Rapids, Michigan.

Operational Insights

Ideal Contracting's commitment to safety, quality, and customer service differentiates it from competitors. The company's ability to self-perform various construction services allows for greater control over project timelines and quality standards.

Strategic Opportunities and Future Directions

Ideal Contracting aims to expand its operations beyond Michigan, seeking opportunities to grow its footprint throughout the United States. By leveraging its reputation for quality and customer service, the company is well-positioned to enter new markets and establish itself as a leading general contractor nationwide.