Top Private Companies 2022: Key projects, expansions in construction sector
John Donahue, president and CEO of DonahueFavret Contractors, recalls that in April 2020 he was relieved that construction companies were declared essential businesses in the COVID-19 pandemic.
“We are not the kind of industry to just sit on our hands; we have work to do, projects to build and we were ready with the proper safety protocols to continue our work,” Donahue said. “Two years later, it speaks to the resilience of contractors across our city who have worked with businesses to be flexible and deliver progress to our economy.”
DonahueFavret is one of nine construction companies to report 2021 revenue gains as landmark projects continue across the region. Companies are also benefiting from sustained expansion efforts in sectors such as education, hospitality, health care and hurricane recovery.
“One of the flagship jobs we did last year was the Thibodaux Regional Health System’s $40 million new cancer center,” Donahue said. “It was one of the most beautiful buildings we ever been involved in, and such a tremendous service of need to deliver to that community.”
Several high-profile projects include the $619 South Market District (Woodward, Impetus, Broadmoor); $557 million capital improvement of the New Orleans Ernest N. Morial Convention Center (Landis, Broadmoor, AECOM Hunt); $450 million in renovations to the Caesars Superdome (Broadmoor); and the $325 million Harrah’s Casino renovation into Caesar’s New Orleans (AECOM/Tishman, Ryan Gootee General Contractors).
LEMOINE, Louisiana’s largest commercial construction company, reports a 26% increase in revenue, from $413.7 million in 2020 to $522.2 million in 2021. LEMOINE led the $300 million expansion at Children’s Hospital and construction of the $31 million Walter L. Cohen College Prep.
Boh Bros. climbed 17% from $185 million to $216 million; Broadmoor increased from $135 million to $143 million; Impetus rose its revenue from $90 million to $100 million; Kent Design Build rose from $49.4 to $64 million; MAPP increased from $24 million to $39.6 million; Carimi Construction & Development improved from $9.4 million to $10.5 million; and DonahueFavret surged 23% from $89 million to $109 million.
Ryan Gootee General Contractors experienced the largest revenue increase in 2021, rising 84% from $37 million to $68 million. While working in Lake Charles, building the Horseshoe Casino at the former Isle of Capri location, RGGC netted several commercial rebuild projects from Hurricane Laura, said president and CEO Ryan Gootee. In 2021, RGGC completed Jesuit High School’s administration building and finished a historic rehabilitation of the Sazerac House into an interactive cocktail museum, active distillery, corporate headquarters and event venue.
“We are extremely proud of our hard work, continued versatility and work product that we have delivered across a diversity of industries throughout the state of Louisiana,” Gootee said.