TriArc Construction, LLC: Company Profile

Background

Overview

TriArc Construction, LLC is a Dallas-based general contracting firm specializing in multifamily, residential, commercial, and hospitality construction projects. Established in 2014, the company has built a reputation for delivering high-quality construction services across Texas and beyond.

Mission and Vision

TriArc Construction is committed to enriching the lives of others by building structures that inspire and endure. The company's mission centers on transforming concepts into reality with precision, efficiency, and unwavering commitment, ensuring that every project reflects their core values of trust, relationships, and integrity.

Primary Area of Focus

The firm specializes in multifamily value-add renovations, capital improvement projects, deferred maintenance solutions, and disaster recovery services. Their expertise spans various sectors, including retail, commercial, hospitality, mixed-use developments, office spaces, and renovation projects.

Industry Significance

With over 600,000 square feet of completed projects and more than $175 million in project value delivered to date, TriArc Construction has established itself as a significant player in the construction industry. Their diverse portfolio and commitment to quality have earned them recognition and trust among clients and industry peers.

Key Strategic Focus

Core Objectives

Quality Construction: Delivering high-quality construction services that meet or exceed client expectations.

Client Relationships: Building lasting partnerships grounded in trust and follow-through.

Operational Excellence: Ensuring efficient project execution with strict adherence to schedules and budgets.

Specific Areas of Specialization

Value-Add Renovations: Transforming interiors and exteriors with modern upgrades to boost property appeal and performance.

Capital Improvements: Enhancing long-term asset value through structural, mechanical, and amenity upgrades.

Deferred Maintenance Solutions: Providing proactive repairs, system replacements, and preventive solutions to protect investments.

Disaster Recovery: Offering swift, reliable response and restoration from fire, flood, and storm damage.

Construction Management: Expert oversight, budgeting, and vendor coordination to keep projects on time and on budget.

Key Technologies Utilized

TriArc Construction employs advanced project management software and construction technologies to ensure precision and efficiency in project execution. While specific technologies are not detailed, the company's commitment to quality and innovation suggests the use of industry-standard tools and methodologies.

Primary Markets Targeted

The company primarily targets the Texas market, with a focus on Dallas and Houston, serving property owners, building managers, and investment firms seeking quality construction services.

Financials and Funding

Funding History

Specific details regarding TriArc Construction's funding history, total funds raised, and recent funding rounds are not publicly disclosed. As a privately held company, such financial information is typically confidential.

Notable Investors

Information about individual investors or investment firms backing TriArc Construction is not publicly available.

Utilization of Capital

While specific utilization details are not disclosed, the capital raised is likely allocated towards expanding project capabilities, investing in technology and equipment, and supporting the company's growth initiatives.

Pipeline Development

Key Pipeline Candidates

TriArc Construction's pipeline includes a diverse range of projects across various sectors, such as:

Multifamily Renovations: Enhancing existing residential communities to improve living conditions and property value.

Build-to-Rent (BTR) Developments: Constructing modern rental housing solutions to meet market demand.

Infrastructure Projects: Upgrading and maintaining essential infrastructure to support community development.

Stages of Development

The company is involved in various stages of project development, from initial planning and design to construction and post-construction services. Specific timelines for anticipated milestones are not publicly disclosed.

Technological Platform and Innovation

Proprietary Technologies

While specific proprietary technologies are not detailed, TriArc Construction emphasizes innovation and quality in its project execution, suggesting the use of advanced construction methodologies and tools.

Significant Scientific Methods

The company employs industry-standard construction practices and project management techniques to ensure efficiency and quality. Specific methodologies are not detailed.

Leadership Team

Key Executives

Shane Deville: Co-Founder and President. With over 27 years of experience in the construction industry, Shane has managed large-scale projects totaling over $1.5 billion. He holds an MBA from Webster University and a BS in Construction Engineering Technology from Louisiana Tech University.

Jennifer Hernandez: Executive Assistant.

Kay Nicholson: ACEA.

Mike Mehno: Project Manager.

Scott Hughes: Project Manager.

Competitor Profile

Market Insights and Dynamics

The construction industry in Texas, particularly in the Dallas and Houston areas, is experiencing growth due to increased demand for residential and commercial developments. This growth presents opportunities for companies like TriArc Construction to expand their market presence.

Competitor Analysis

TriArc Construction faces competition from both large construction firms and specialized contractors. Key competitors include:

Austin Commercial, LP: A large-scale construction firm involved in various sectors, including commercial and residential projects.

Brasfield & Gorrie LLC: A national contractor with a significant presence in Texas, offering a range of construction services.

TDIndustries: Specializes in mechanical contracting and service, with a focus on building systems.

Strategic Collaborations and Partnerships

TriArc Construction collaborates with various trade partners and clients to deliver successful projects. Notable clients include JRAF Studio, Le Meridien, Instant Power Corporation, Dallas Lite & Barricade, and Billingsley.

Operational Insights

TriArc Construction differentiates itself through its commitment to quality, client relationships, and operational excellence. The company's core values—gumption, passion, enthusiasm, stick-to-it-iveness, and doing what you say you will do—guide its operations and contribute to its competitive advantage.

Strategic Opportunities and Future Directions

Strategic Roadmap

TriArc Construction aims to expand its project portfolio by targeting diverse sectors and increasing its market share in the Texas construction industry. The company plans to leverage its expertise in multifamily renovations and capital improvements to attract new clients and strengthen existing relationships.

Future Business Directions

The company is exploring opportunities in the Build-to-Rent (BTR) sector, with projects already underway, reflecting its commitment to growth and innovation in this fast-evolving market.

Opportunities for Expansion

TriArc Construction is well-positioned to capitalize on the growing demand for quality construction services in Texas, particularly in the Dallas and Houston markets. By focusing on its core competencies and maintaining strong client relationships, the company can achieve its expansion objectives.