Background
Founded in 1955 by Roy Anderson Jr., Roy Anderson Corp (RAC) is a construction company headquartered in Gulfport, Mississippi. The company was built on principles of honesty and integrity, emphasizing superior quality construction services across the Gulf South. In 2011, RAC became a wholly owned subsidiary of Tutor Perini Corporation (NYSE: TPC), a leading civil, building, and specialty construction company. This acquisition provided RAC with enhanced growth opportunities through increased size, scale, and management capabilities.
Key Strategic Focus
RAC specializes in delivering exceptional construction services, including preconstruction, design-build, general contracting, and construction management. The company is committed to innovation and customer service, focusing on safety, quality, and integrity. As part of Tutor Perini Corporation, RAC leverages national resources to strengthen its market position in the Southeastern United States.
Financials and Funding
In 2011, Tutor Perini Corporation acquired RAC for over $64 million, including its subsidiaries Harrell Contracting Group and Brice Building Company. At the time of acquisition, RAC had a backlog exceeding $535 million in committed projects. The acquisition aimed to accelerate RAC's growth and enhance its market leadership in the Southeastern United States.
Pipeline Development
RAC has been awarded several significant projects, including:
- Hangar 3 Project at Pensacola International Airport: A $72.7 million contract awarded in April 2024 for the design and construction of a new hangar, with completion anticipated in summer 2026.
- Southland Gaming Casino and Hotel Project: A $200 million contract awarded in April 2019 for the expansion of Southland Gaming and Racing Park in West Memphis, Arkansas, including a new casino complex and a 20-story hotel.
- Scarlet Pearl Casino Resort: A $122 million contract awarded in July 2014 for the construction of a 15-story, 300-room hotel with 61,000 square feet of gaming space in D’Iberville, Mississippi.
Technological Platform and Innovation
RAC emphasizes innovation in construction methodologies, including the use of pre-engineered metal buildings and sustainable design practices. The company constructed the first steamless laundry facility for the Department of Veterans Affairs, operating on electricity and green power generated by thermal and photovoltaic energy sources.
Leadership Team
As of the 2011 acquisition, Roy Anderson III served as President and CEO, with Mike Harrell as Chief Operating Officer. The senior management team continued to operate under the existing company names, focusing on enhanced market presence in the Southeastern United States.
Competitor Profile
RAC operates in the competitive construction industry, particularly in the Southeastern United States. Key competitors include:
- Yates Construction: A family-owned firm offering general contracting, construction management, and design-build services.
- Brasfield & Gorrie: A full-service general contracting firm with a strong presence in the Southeast.
- Turner Construction Company: A North America-based, international construction services company.
The construction industry in the Southeast is characterized by steady growth, driven by infrastructure development and commercial projects.
Strategic Collaborations and Partnerships
RAC has engaged in strategic partnerships to enhance its capabilities, such as the joint venture with Yates Construction for the DuPont Bulk Handling Facility Relocation Project in Gulfport, Mississippi. This collaboration involved pre-construction and construction management services for a facility with a total construction value of approximately $77.5 million.
Operational Insights
RAC's integration with Tutor Perini Corporation has provided access to national resources, strengthening its market position in the Southeastern United States. The company's commitment to safety, quality, and integrity, combined with its innovative construction methodologies, distinguishes it from competitors.
Strategic Opportunities and Future Directions
RAC aims to leverage its affiliation with Tutor Perini Corporation to pursue larger and more complex projects, expand its market presence, and continue delivering high-quality construction services. The company's focus on innovation and customer service positions it well for future growth in the construction industry.
