[ Login ]   [ Register ]

$10 million and counting

Al Harris May 31, 2011 3

A fast-growing construction firm will double the size of its office when it moves from Innsbrook to Shockoe Bottom on June 1.

Team ACP Construction founder Sylvester Clay said that growth prompted the move from an office on Sadler Road to a newly renovated, 6,000-square-foot office at 16 S. 17th St.

“We looked at a lot of different office space, but it was very important as a minority business owner to move back to the city,” Clay said.

Since starting in 2009, the company has carved out a niche by specializing in medical construction. In the process, it built up a healthy book of business as area hospitals have expanded in recent years.

“This month we will have closed on $10 million in business,” Clay said.

After years of working in residential construction, the housing bubble pushed Clay to search for other opportunities. That led him to Virginia’s program for small, women- and minority-owned businesses. An executive order issued by former governor Tim Kaine sets a goal of 40 percent of contractors doing work with the commonwealth to come from such businesses.

That gave Team ACP the edge in securing its first job, a $140,000 contract to renovate the dialysis wing at a VCU Health System hospital, Clay said. Over the next eight months, Clay said his firm ended up completing $1.2 million worth of additional projects for the hospital.

“What we did is recognize a real niche in health-care construction. Not anyone can just go out and say, ‘I’m going to work in a hospital,’” Clay said. “It took a lot of training and discipline.”

The company went on to do work for the University of Virginia, Hampton University and Old Dominion University. The company plans to start work soon on a $7 million renovation of the gymnasium at Howard University in Washington.

The company has also stepped out into the private sector, picking up work with HCA Health Care to renovate a wing of the John Randolph Medical Center in Hopewell. And the firm was is among the contractors helping renovate and restore the 234 Wells Fargo in Virginia branches as they transition away from the Wachovia name.

Clay said the firm has about 50 employees.

Print Friendly and PDF

Editor's Picks

3 Comments »

  1. bobbydevine May 31, 2011 at 6:35 am - Reply

    Currently, the cost of health care is rising at a much higher rate than inflation. Even if we were to implement your beloved single payer, at a certain point we can not afford to pay for every new treatment and technology that comes along if we want to have any semblance of an economy. If you dont have insurance you should check out “Penny Health Insurance” for information on how to get one.

  2. DW May 31, 2011 at 8:15 am - Reply

    Gee, I hope you never need any of those new technologies.

  3. joe May 31, 2011 at 9:47 am - Reply

    We need more businesses to move out of gawd awful innsbrook to downtown. How much damage has innsbrook done over the years. Great to see this.

Leave A Response »

Please use your real, full name (first and last) and a valid email address to foster a more civil discussion. Comments without first and last name may not be approved.


We encourage active participation in our online community, but we reserve the right to remove any off topic or inappropriate comments.