PERI USA Company Profile

Background

Company Overview

PERI Formwork Systems, Inc., headquartered in Elkridge, Maryland, is a leading manufacturer and provider of formwork and industrial scaffolding systems. Established in 1982, the company has been instrumental in the construction of some of the nation's tallest and most complex structures. With 11 locations across the United States and a workforce exceeding 450 employees, PERI USA delivers engineered solutions that enhance the safety, speed, and efficiency of construction projects.

Mission and Vision

PERI USA's mission is to provide innovative formwork and scaffolding solutions that enable contractors, builders, engineers, and architects to construct buildings in a safer, faster, and more efficient manner. The company's vision is to be a global leader in formwork and scaffolding technology, offering comprehensive services that meet the evolving needs of the construction industry.

Industry Significance

As part of the global PERI Group, founded in 1969 and headquartered in Weißenhorn, Germany, PERI USA contributes to one of the world's largest manufacturers and suppliers of formwork and scaffolding systems. The group's extensive experience and innovative solutions have established it as a significant player in the construction industry, serving clients worldwide with high-quality materials and engineering expertise.

Key Strategic Focus

Core Objectives

PERI USA focuses on delivering cost-effective, efficient, and safe formwork and scaffolding solutions that meet the diverse needs of the construction industry. The company aims to support complex construction projects by providing tailored systems that enhance productivity and ensure structural integrity.

Areas of Specialization

The company specializes in the design, manufacturing, and supply of formwork and scaffolding systems for various construction applications, including high-rise buildings, bridges, tunnels, and industrial facilities. PERI USA offers both product sales and rental services, catering to a wide range of construction needs.

Key Technologies Utilized

PERI USA employs advanced engineering techniques and high-quality materials in its formwork and scaffolding systems. The company utilizes digital planning tools, such as PERI QuickSolve, to enhance project planning and execution. Additionally, PERI USA has partnered with Vemaventuri GmbH to integrate sensor technology into its formwork solutions, offering smart formwork systems that improve monitoring and safety on construction sites.

Primary Markets Targeted

PERI USA primarily serves the U.S. construction market, focusing on large-scale projects that require customized formwork and scaffolding solutions. The company targets contractors, builders, engineers, and architects involved in complex infrastructure projects, including high-rise buildings, bridges, and industrial facilities.

Financials and Funding

Funding History

As a subsidiary of the privately held PERI Group, PERI USA's specific funding details are not publicly disclosed. The company operates with financial backing from its parent organization, which has a turnover of EUR 1,429 million as of 2020.

Recent Financial Performance

PERI USA has demonstrated financial stability and growth, with an estimated annual revenue of $65.4 million and a workforce of over 450 employees. The company has experienced an 18% increase in employee count over the past year, indicating expansion and increased demand for its services.

Pipeline Development

Key Projects and Milestones

PERI USA has been involved in several significant projects, including:

University of California Riverside Campus Expansion: Provided formwork for shear walls and core structures, enabling the campus expansion to meet tight schedules while maintaining consistent concrete finishes.

North Fork Dam and Spillway Upgrade: Supported the construction of curved walls and spillway structures, ensuring durable construction and precise shaping under demanding conditions.

Future Developments

While specific future projects are not publicly disclosed, PERI USA continues to focus on expanding its presence in the U.S. market by targeting large-scale construction projects that require specialized formwork and scaffolding solutions.

Technological Platform and Innovation

Proprietary Technologies

PERI USA offers a range of proprietary formwork and scaffolding systems, including:

Alpha Column: A formwork system designed for the efficient construction of columns, enhancing productivity and safety on site.

VARIOKIT Pier System: A modular system for constructing piers and other vertical structures, providing flexibility and adaptability to various project requirements.

Significant Scientific Methods

The company employs advanced engineering techniques and digital planning tools to optimize formwork and scaffolding designs. Collaborations with technology partners, such as Vemaventuri GmbH, have led to the integration of sensor technology into formwork systems, offering smart solutions that enhance monitoring and safety on construction sites.

Leadership Team

Executive Profiles

Strydom Groenewald: Chief Executive Officer (CEO) of PERI USA, responsible for overseeing the company's operations and strategic direction.

Wyld, DelGiacco, and Capozzi: Appointed to new sales leadership roles effective November 1, 2021, contributing to the company's growth and market presence.

Competitor Profile

Market Insights and Dynamics

The formwork and scaffolding industry is highly competitive, with numerous companies offering similar products and services. Key competitors include Form Tech, Forming America, and UFP Concrete Forming Solutions. The market is characterized by price competition and the need for innovative solutions to meet complex construction requirements.

Strategic Collaborations and Partnerships

PERI USA has formed strategic partnerships to enhance its technological capabilities and service offerings. Notably, the collaboration with Vemaventuri GmbH integrates sensor technology into formwork systems, providing smart solutions that improve monitoring and safety on construction sites.

Operational Insights

Strategic Considerations

In a competitive market, PERI USA differentiates itself through its comprehensive range of formwork and scaffolding solutions, commitment to innovation, and strong customer relationships. The company's focus on quality, safety, and efficiency positions it as a preferred supplier for complex construction projects.

Strategic Opportunities and Future Directions

Growth Opportunities

PERI USA aims to expand its market presence by targeting large-scale construction projects that require specialized formwork and scaffolding solutions. The company's strategic initiatives include:

Product Innovation: Continuing to develop and introduce advanced formwork and scaffolding systems that meet the evolving needs of the construction industry.

Market Expansion: Leveraging its global network and expertise to enter new regional markets within the United States.

Technological Integration: Enhancing product offerings through the integration of smart technologies, such as sensor systems, to improve monitoring and safety on construction sites.