PARIC Corporation Market Research Report

Company Overview

• Name: PARIC Corporation

• Mission: "We Build Answers" through innovative solutions, delivering excellence in construction projects, and relentless pursuit of improvement.

• Founded: 1979

• Founders: Paul McKee Jr. and Richard Jordan

• Key People:

• P. Joseph McKee, III - Chairman, PARIC Holdings

• Mike Rallo, Jr. – President

• Todd Goodrich – Chief Operating Officer

• Will Douglas – Chief Financial Officer

• Brian Newgent – Chief Information Officer

• Michael Rallo, Sr. – Senior Vice President

• Headquarters: O'Fallon, Missouri

• Number of Employees: Over 300 trade experts

• Revenue: Not specified

• What the Company is Known For: PARIC is renowned for its innovative approach to construction, particularly in design-build projects and historic renovations. They specialize in a wide range of markets including healthcare, education, and residential constructions, known for completing projects with high standards of safety and quality.

Products and Services

Products Offered

• Construction Management: Collaborative and design-build solutions for various industries.

• Preconstruction Services: Offering expertise during project life cycles to manage costs effectively.

• Self-Perform Services: Retention of in-house skilled teams to manage project safety, schedule, and quality directly.

• Virtual Design & Construction: A cloud-based strategy for comprehensive project management.

• Building Services: Assess and advise on construction for existing and renovated structures.

Key Features

• Innovative Solutions: PARIC offers a combination of traditional craftsmanship with modern technology for bespoke construction projects.

• Market Expertise: Providing services in sectors such as healthcare, historic renovation, commercial settings, multi-family housing, academic institutions, hospitality and entertainment.

• Safety and Quality: Emphasizes the highest safety and quality standards in every construction project.

• Comprehensive Lifecycle Partnership: End-to-end services from initial project conception through to completion and beyond.

Recent Developments

Recent Developments and Projects

• Air Products Membrane Solutions Expansion: Groundbreaking of a 75,000-square-foot expansion at the Maryland Heights facility.

• Boeing Expansion Projects: Selected for major expansion projects in South Carolina and St. Louis.

• Rawlings Experience: A 14,000 sq. ft renovation in St. Louis creating a new immersive experience.

• One Nine Vine: Won the Kansas City Business Journal Capstone Award for a multi-family development project in Kansas City.

Partnerships and Announcements

• Partnered with companies like icon Mechanical and PayneCrest Electric for the Air Products Membrane Solutions Expansion.

• The selection of PARIC for several key construction projects demonstrates trust and recognition from large corporations like Boeing.

New Features and Product Launches

• No specific new product features or launches were detailed.

Conclusion

PARIC Corporation holds a reputable position in the construction industry with its comprehensive services spanning various segments. The company's dedication to safety, quality, and innovative solutions allows it to undertake complex projects and build strong industry partnerships. Through consistent excellence, PARIC continues to expand its influence and provide impactful construction solutions.