Johnston, IA - April 30, 2015 - Henning Construction Co., LLC, based in Johnston, Ia., and PARIC Corporation, located in St. Louis, Mo., have entered into a strategic partnership that will help strengthen and diversify the companies as they team for aggressive growth.
The two companies began exploring the opportunity of a long-term partnership more than a year ago. They found the two businesses shared a similar mission, vision and dedication to customer satisfaction. “By joining these two great companies we now can improve how we service our more traditional markets as well as some non-traditional markets,” said Jeff Henning, CEO of Henning Companies.
Henning’s story reaches back to 1924, and spans four generations. Over those 91 years in business, Henning has grown to generate 2014 revenues exceeding $100 million.
PARIC’s 36 years in business span two generations. In recent years the company has experienced rapid growth, achieving in excess of $315 million in 2014 revenues. “Our two companies are similar in many respects, especially in the way we build relationships and deliver our services. We both have talented people who strive to deliver excellence in everything they do, and now we have the opportunity to accelerate our growth delivering excellence together,” said Joe McKee, CEO of PARIC Corporation.
The two companies initially will focus on increasing business in Iowa and on the development of HENNING|PARIC as a company which will serve a number of key market segments.
Together, the two businesses intend to blend their technology, expertise and experience to enhance what they can offer to construction projects in the region. “Both firms have talented and dedicated teams focused on exceeding their clients’ expectations and we intend to continue enhancing that experience together,” said Kevin Walker, President of Henning Companies.
ABOUT HENNING CONSTRUCTION CO.
Henning Construction was established in 1924 in Latimer, Ia., and has completed construction projects throughout the United States and in Mexico, Brazil, China and Uzbekistan. The company has averaged approximately $100 Million of completed construction annually over the past five years and was listed as the fourth largest building contractor on the Business Record’s 2015 Book of Lists. More information is at www.HenningConstruction.com.
ABOUT PARIC CORPORATION
PARIC Corporation is one of the largest construction management and general contracting companies based in St. Louis, Mo. PARIC’s unique approach pairs design-build services with construction management and negotiated general construction to focus on delivering projects on time and on budget. Organized in 1979, PARIC specializes in construction projects for Commercial and Interiors, Education, Healthcare, Historic and Urban Redevelopment, Hospitality and Entertainment, Municipal, Science and Technology, Senior Living, and Sports Complexes. For more information about how PARIC can help you Experience Excellence on your next project, www.paric.com or follow the company at Twitter @ParicCorp.
- FOR MORE INFORMATION:
- Mike Carroll
- (515) 669-309