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Business Observer Friday, Mar. 25, 2022 3 months ago

2022 Top 50 Contractors in Southwest Florida

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More than half the companies in the Top 50 posted double-digit percentage gains in revenue.
by: Mark Gordon Managing Editor

The construction industry party, if not totally shut down in 2020, at least started to dim the lights.

But while not rocking wild gains of years past, the contracting sector in the region is gearing up for some revelry. As a group, the largest contracting companies in the region, per the Business Observer annual Top 50, totaled $6.08 billion in revenue in 2021. While that’s down -7% from $6.54 billion in 2019, it’s up 4.64% from $5.81 billion in 2020.

On an individual company basis, there was also something of a reversal of fortune: in 2020 half the companies on the Top 50 posted an annual decrease in revenue, while in 2021 that number fell from 25 to 13. Two companies were flat in revenue year-over-year, while the other 35 posted gains in 2021. And, notably, of the 35 that were up, 28 of those increased revenue at least 10%.

Digging down further into the Top 50, several big-gain contractors jumped into new territory, where the growth requires more personnel, project managers, gear and materials — all of which are seemingly in short supply. The biggest jump belongs to Tampa-based Franklin Development Corp. The 15-employee company, which specializes in restaurants, car washes, daycares, urgent care facilities and medical office buildings, grew from $11 million to $29 million, up 163.64%.  Franklin’s biggest project in 2021 was a Ford’s Garage bar and restaurant, a 12,000-square-foot project in Winter Garden. It also recently built the new Tiki Docks Bar + Grill in Riverview, an $8 million, 18,000-square-foot elevated structure.

Other big gains are sprinkled across the Top 50. Tampa-based Florida Asphalt & Concrete rose 81.61% to $31.9 million and Bradenton-based TDS Construction, which focuses on retail projects, grew 89.16% to $78.5 million. Also, two of the bigger companies in the region got significantly bigger: Naples-based Connor & Gaskins Unlimited LLC, the No. 11 company on the list, grew 42.55% to $147 million while Clearwater-based Creative Contractors, No. 10 on the list, rose 29.17% to $155 million.

The Top 50 is, as in past years, top heavy, with the 10 largest companies generating some $4 billion in revenue in 2021. That’s about two-thirds of the entire list. Naples-based Manhattan Construction maintained its No. 1 spot, even with posting a decline in revenue for the second straight year. It fell 18.5% to $1.15 billion in 2021, after dropping 26.9% in 2020. Manhattan is also the only billon-dollar contractor on the list, with St. Petersburg-based Power Design, at $875 million, not far behind. The Top 50 now also includes 13 companies with at least $100 million in annual revenue, welcoming Sarasota-based Willis A. Smith Construction to the list.

 

The region's top 50 contractors by 2021 gross revenue:

  1. Manhattan Construction Group, $1.16 billion
  2. Power Design, $875 million (pending audit)
  3. DeAngelis Diamond, $365 million
  4. Ripa & Associates, $365 million
  5. O-A-K/Florida Inc. DBA Owen-Ames-Kimball Co., $319 million
  6. Brooks & Freund LLC, $218 million
  7. Ajax Building Co. LLC, $217.19 million
  8. B&I Contractors Inc., $166.58 million
  9. Hawkins Construction Inc., $163 million
  10. Creative Contractors Inc., $155 million
  11. Connor & Gaskins Unlimited, $147 million
  12. KHS&S Contractors, $113 million
  13. Willis A. Smith Construction, $101 million
  14. APG, $89.03 million
  15. iConstructors, $85 million
  16. Bay to Bay Properties, $85 million
  17. McIntyre Elwell & Strammer General Contractors Inc., $82 million
  18. TDS Construction Inc., $78.5 million
  19. Halfacre Construction Co., $75.8 million
  20. Bandes Construction Co., $75 million
  21. Stevens Construction Inc., $73.53 million
  22. Crowther Roofing and Sheet Metal of Florida Inc., $73.2 million
  23. Woodruff & Sons Inc., $69 million
  24. Conditioned Air, $58.53 million
  25. Envirostruct LLC, $53 million
  26. Precise Construction, $51 million
  27. Sutter Roofing, $44.7 million
  28. Superior Pools, $42.81 million
  29. Burgess Civil LLC, $41.45 million
  30. Park & Eleazer Construction LLC, $40.77 million
  31. TLC Diversified, $39 million
  32. Jon F. Swift Construction, $38 million
  33. R.E. Crawford Construction LLC, $36.96 million
  34. Matcon Construction Services, $34 million
  35. Roofing by Curry, $33.5 million
  36. Gator Grading & Paving LLC, $32.2 million
  37. Heatherwood Construction Co., $31.9 million
  38. Florida Asphalt & Concrete, $31 million
  39. Diaz Fritz Group General Contractors, $31 million
  40. Frederick Derr & Co., $31 million
  41. J2 Solutions Inc., $30.74 million
  42. CFS Roofing Services, $30 million
  43. Franklin Development Corp., $29 million
  44. The Sinclair Group, $27 million
  45. Adams Group, $26.2 million
  46. MY Shower Door/D3 Glass, $25.76 million
  47. ArtisTree Landscape Maintenance & Design, $25.11 million
  48. Westfall Roofing, $24.28 million
  49. Stellar Development Inc., $22 million
  50. Springer Construction, $20.9 million

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