V3 Companies Market Research Report
Background
Company Overview
Founded in 1983, V3 Companies is a multidisciplinary firm specializing in civil engineering, contracting, environmental services, planning, landscape architecture, and surveying. The company's name, "V3," stands for "Visio, Vertere, Virtute," translating to "The Vision to Transform with Excellence," reflecting its commitment to positively impacting employees, clients, and communities.
Mission and Vision
V3 Companies is dedicated to exceeding client expectations and improving communities while fostering balanced and fulfilling careers for its employees. The firm emphasizes unwavering integrity, commitment to excellence, client focus, dedication to employees, and service to the community as its core values.
Industry Significance
Operating in the civil engineering and construction sectors, V3 Companies has established a strong reputation for delivering high-quality professional services across various markets, including transportation, local government, education, healthcare, and residential development. The firm's comprehensive service offerings and commitment to excellence have positioned it as a leader in the industry.
Key Strategic Focus
Core Objectives
V3 Companies aims to achieve growth through innovation, regional diversification, and expansion into new markets such as renewable energy. The firm is committed to building fulfilling careers in a flexible work environment, positioning its team to transform communities and the world for years to come.
Areas of Specialization
The company offers a diverse range of services, including:
- Civil Engineering: Infrastructure planning and design for transportation, municipal, and private sector projects.
- Environmental Services: Ecological restoration, environmental assessments, and compliance consulting.
- Planning and Landscape Architecture: Urban planning, site design, and landscape architecture for various developments.
- Surveying: Comprehensive land surveying services for public and private clients.
Key Technologies Utilized
V3 Companies employs advanced technologies and methodologies to deliver innovative solutions, including:
- Geographic Information Systems (GIS): For spatial analysis and mapping.
- Building Information Modeling (BIM): To enhance design accuracy and collaboration.
- Sustainable Design Practices: Incorporating green infrastructure and environmentally responsible solutions.
Primary Markets Targeted
The firm's services cater to a broad array of market sectors, including:
- Transportation: Highways, bridges, and transit systems.
- Local Government: Municipal infrastructure and public works.
- Education and Healthcare: Institutional facilities and campuses.
- Residential and Commercial Development: Mixed-use, retail, and industrial projects.
Financials and Funding
Revenue
As of December 2024, V3 Companies' annual revenue reached approximately $300 million.
Funding History
The company has not publicly disclosed specific funding rounds or external investments, indicating a focus on organic growth and financial stability.
Pipeline Development
Key Projects
V3 Companies has been involved in several notable projects, including:
- Norton Crossing: A redevelopment project transforming over 18 acres of condemned housing into a new apartment complex and commercial space.
- Parker Civic Center: A 50,000-square-foot civic center showcasing thoughtful design and community collaboration.
- Highland Park Apartments: A modern mixed-use residential complex offering high-quality living spaces with convenient access to urban amenities.
- North Street Reconstruction & Integrated Stormwater Management: A project addressing stormwater management while serving as a catalyst for neighborhood revitalization and economic development.
- Coleman Property Consolidated Wetland Mitigation Bank: Development of a consolidated mitigation bank for wetland and stream mitigation.
- Righthand Fork Salt-Pipe Creek Restoration: A project delivering dual recreational and ecological benefits with minimal maintenance requirements.
Timelines and Milestones
Specific timelines for these projects vary, with some completed and others ongoing. V3 Companies continues to pursue new opportunities aligned with its strategic objectives.
Technological Platform and Innovation
Proprietary Technologies
While V3 Companies has not publicly disclosed specific proprietary technologies, the firm leverages advanced tools and methodologies to deliver innovative solutions across its service offerings.
Significant Scientific Methods
The company employs various scientific methods, including:
- Hydrologic and Hydraulic Modeling: For water resources and stormwater management projects.
- Ecological Assessments: Utilizing field surveys and data analysis to inform restoration and conservation efforts.
- Geotechnical Investigations: Conducting soil and subsurface analyses to support engineering designs.
Leadership Team
Executive Profiles
- Louis J. Gallucci, P.E. – President & CEO
Lou provides leadership for all aspects of the firm's operations, emphasizing strategic goals, growth, and shareholder return on investment. He has extensive experience in bridge design, construction management, and business development. Lou holds a Bachelor of Science in Civil Engineering from Marquette University and is a licensed professional engineer in Illinois.
- Tomas R. Valaitis, P.E. – Executive Vice President, Operations
Tom oversees practice area directors and is responsible for project delivery to clients. With over 33 years of management experience in large transportation projects, he holds a Bachelor of Science in Civil Engineering from the University of Illinois at Chicago and is a licensed professional engineer in Illinois.
- Patrick R. Kennedy, P.E. – Executive Vice President, Strategic Growth
Pat leads the firm's strategic growth into new service areas and geographic markets, as well as business development. He has been with V3 Companies since 1988, holding various roles, and holds a Bachelor of Science in Civil Engineering from the University of Illinois and an MBA from DePaul University.
- Michael P. Famiglietti – Vice President, Construction & Ecological Restoration
Mike leads the firm's construction and ecological restoration operations, with over 24 years of experience in the construction industry. He holds a Bachelor of Science in Civil Engineering from Purdue University and is a licensed professional engineer in Illinois.
- Gregory V. Wolterstorff, P.E. – Vice President, Director of Natural Resources
Greg oversees the Natural Resources Practice Area, focusing on water resources projects and ecological restoration. He holds a Bachelor of Science in Civil Engineering from Calvin College and an MBA from DePaul University, and is a licensed professional engineer in multiple states.
- Lori A. Prokes – Vice President, Director of Environmental Practice
Lori leads the environmental practice, focusing on cleanup and brownfields redevelopment projects. She holds a Bachelor of Arts from Valparaiso University and a Juris Doctor from UIC- John Marshall Law School.
- Edward L. Fitch – Senior Vice President, Director of Canadian Operations, Information Technology, Marketing/Communications
Ed oversees V3's Canadian joint venture and leads the firm's information technology and marketing/communications groups. He holds a Bachelor of Arts in English with a concentration in Business Administration from the University of Illinois at Urbana-Champaign.
- Christopher D. Bartosz, PLS – Vice President, Director of Survey
Chris leads the Survey Practice Area, with 34 years of experience in land surveying. He holds an Associate degree in Science and Math from the College of DuPage and is a registered professional land surveyor in multiple states.
- Theodore E. Feenstra, Jr., P.E. – Vice President, Director of Land Development
Ted oversees the Land Development Practice Area, with 28 years of civil engineering experience. He holds a Bachelor of Science in Civil Engineering from Calvin College and is a licensed professional engineer in multiple states and Canada.