Shawmut hits $1B in New England revenue

Dive Transient:

• Shawmut Design and Development, a Boston-based contractor, surpassed $1 billion in revenue in New England in 2024, largely on account of its work in education-related building, in keeping with a information launch. Its total income in 2023 reached about $1.67 billion, in keeping with Engineering Information-Document.
• To assist development, the agency promoted 4 executives to regional roles, together with a brand new chief working officer, preconstruction head and two vice presidents in its Giant Mission Division.
• The income achievement indicators continued building demand in Shawmut’s foremost areas of experience, significantly training and large-scale ground-up business tasks, mentioned Kevin Sullivan, govt vice chairman of Shawmut’s New England area.

Dive Perception:

Shawmut’s newest milestone comes amid a broader push in securing large-scale, technically advanced work throughout the Northeast, mentioned Sullivan.

For instance, a few of Shawmut’s current main tasks within the New England space embrace:

• The opening of Chan Medical Faculty’s $350 million new training and analysis constructing on the College of Massachusetts in Worcester.
• The beginning of building on Boston College’s $550 million renovation of Warren Towers.
• Continued progress on insurer FM International’s new analysis and growth campus in Norwood, Massachusetts. 
• Harvard College’s redevelopment of 175 North Harvard St. in Allston, Massachusetts.

The contractor additionally expanded its personal regional footprint with a brand new workplace in Worcester and promoted a number of leaders.

Shawmut tapped Mike Kearns as its new COO after 26 years with the corporate and promoted Bob Wice and Mark Malmquist to vice presidents of its Giant Mission Division. It additionally appointed 26-year veteran Chris Maury as head of preconstruction and Rhode Island, in keeping with the corporate.

The agency’s enlargement technique mirrors its current strategy shift in New York, the place it doubled down in December 2024 on preconstruction investments and huge venture staffing. That transfer goals to satisfy building demand for healthcare, life sciences and training tasks.