By: Brian Sullivan
As I prepare for our company-wide annual planning retreat next week, I have been reflecting on the past year and wanted to share some thoughts on 2019 as it relates to the construction industry as well as our building envelope niche both nationally and locally; and lastly Sullivan Engineering. As we all know to best prepare for the future we must learn from the past
The Construction Industry
As per Dodge Data and Analytics construction starts decreased approx. 1% in 2019, however it was still a very strong year. The strength of the construction industry and the economy as a whole was a blessing and a curse at the same time as growth and progress were often tempered by an inability to find additional qualified team members. This issue was not limited to contractors but and issue for construction managers, engineers and architects as well.
In NYC and the surrounding metro area, construction spending grew by 10% as per the New York Building Congress.
The mergers and acquisitions activity continues to reverberate throughout the construction industry and its impact will no doubt be felt for years, if not decades to come. As several engineering firm CEO’s reiterated at the Zweig Group ElevateAEC conference this year organic growth can only get a company so far, at some point acquisitions become a necessity to continue growing.
Building Envelope Restoration
The building envelope restoration industry throughout the country as well as here locally in New York was very active and continued to grow.
After years of active involvement with RCI, Roof Consultants Institute, we were happy to witness the name change to IIBEC which stands for the International Institute of Building Enclosure Consultants. This name change followed years of evolution of the mission of the organization to focus on the entire building envelope like many of their members do, not just the roof.
2019 was one for the books certainly here at Sullivan Engineering:
- We added several new team members: Dan Sammon, Taylor James Pierce, , Bill O’ Brien, William Pitonyak, Kelly Grogan, and Shadman Shafiyee who have all had a great impact both professionally as well as culturally. We saw a few team members move to new locations, while remaining part of the Sullivan Engineering team working remotely and pursuing opportunities for Sullivan in their new locations.
- Year-over-year revenue increased significantly again in 2019 and we were again included in the Inc 5000 and Zweig Hot Firm lists for the third straight year based on the solid growth of revenue and team members in the three years leading in to 2019.
- Being included in the The Best Firms to Work For list by the Zweig Group gives us a great deal of pride as our team is our most important asset and it reiterates our felling that we are more than just co-workers we are more of a family.
- Perhaps, most importantly, on a personal level, we had several great accomplishments as well, including two team members that welcomed their first Child into their respective families and three more that are expecting children in the months ahead. We wish them all the joy that comes with parenting and hope that they are catching up on sleep now.
The growth that we’ve observed is a testament to the great clients and contractors that we have the pleasure of working with, the amazing team members that we are fortunate to work along side every day and our business consultants/coaches that have helped guide us including Mark O’Donnell and his team at Optimize For Growth who helps us implement EOS, the team at Strategic Coach and the experts on AEC Management at the Zweig Group.