Shimmick Construction

What Shimmick Construction does

Shimmick Corporation (NASDAQ: SHIM) is a U.S. heavy civil general engineering contractor headquartered in Irvine, California, delivering complex infrastructure for public-sector clients across water resources, sustainable transportation, energy transition, and climate resilience. The company traces its heritage over 100 years through Washington Construction and Washington Group International, operated as the civil construction division of AECOM until regaining independent status on January 4, 2021 via an investment from Oroco Capital. Shimmick self-performs approximately 80% of project work through its 900+ skilled professionals and operates specialty units including Legacy Foundations (drilled shafts, deep foundations, micro-piles) and Axia Electric LLC (electrical/SCADA, launched June 2025 with $380M+ in electrical work under contract). Notable proprietary methods include the bulk bag cofferdam innovation, record 12-ft diameter CIDH pile drilling, frozen clay heating for levee repair, and integration of advanced multi-stage water purification (ozonation, biological activated carbon, membrane filtration, reverse osmosis, UV advanced oxidation) — exemplified by the $356M North City Pure Water Facility producing 30 MGD for the City of San Diego.

Shimmick's revenue model centers on hard-bid and alternative-delivery (CMGC, Design-Build, Progressive Design-Build, P3) construction contracts with federal, state, and municipal agencies, supplemented by long-duration Operations & Management contracts (tolling operations, customer service centers, fleet overhaul — WSDOT Good To Go!, CFX, Miami-Dade). The company pursues mega-projects through joint ventures (Shimmick-Parsons, Shimmick Obayashi, Myers-Shimmick, Nova-Shimmick, HART Honolulu JV at $874.75M). ENR ranks it #1 in Dams and Reservoirs, #3 in Water Supply, and #27 in Domestic Heavy Contractors. The 2025 financial profile was $492.84M revenue with a $25.58M net loss, but Q1 2026 marked the third consecutive quarter of positive adjusted EBITDA on $88M revenue, with backlog at a record $944M and 2026 guidance of $550M-$600M revenue and $15M-$30M adjusted EBITDA.

Customer concentration is exclusively public-sector (USACE, LA Metro, City of San Diego, Sound Transit, Port of LA, etc.), exposing Shimmick to appropriations cycles but also to the IIJA and IRA infrastructure funding tailwinds. In May 2026, the U.S. Army Corps of Engineers terminated Shimmick's contract on the Chickamauga Lock replacement project (183 workers affected via WARN notice), which the company is appealing — a meaningful execution-risk signal offset by the broader backlog recovery, new COO Sarah Tacker appointment, and Axia Electric verticalization.

Name

Shimmick Construction

Legal name

Shimmick Construction Company, Inc.

Website

https://shimmick.com

Company type

Public

Founded year

1920

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Shimmick Corporation is a publicly traded heavy civil construction contractor delivering self-performed water, transit, energy, and climate-resilience infrastructure primarily for U.S. federal, state, and municipal agencies.

Ownership category

akta.pro rank

Product category

Heavy Civil Construction Services

NAICS

Engineering Services (541330), Utility System Construction (2371), Power and Communication Line and Related Structures Construction (237130)

SIC

Construction - Special Trade Contractors (1700), Heavy Construction Other Than Bldg Const - Contractors (1600), Water, Sewer, Pipeline, Comm & Power Line Construction (1623), Construction Machinery & Equip (3531)

akta.pro primary industry

Underwater Inspection, Maintenance & Repair (UWILD, Diving/ROV, In-water Cleaning) (IMAJAFAJ)

akta.pro secondary industries

Turnaround / Shutdown Planning & Execution (TAR) (EUAEAJAG), Wind Power Plant EPC (Onshore/Offshore) (EUAEAAAF), Substations, Transformers & Grid Step-Up Facilities (EHV Substations, GSU Transformers) (EUAMAFAE)

Keywords

• Heavy civil construction
• Water infrastructure construction
• Transit infrastructure construction
• Deep foundation drilling
• Electrical infrastructure contracting

Headquarters

HQ city

Oakland

HQ country

United States

HQ region

North America

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Supply Chain, Operations, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Heavy Civil Construction Contracts: Primary revenue stream generated from fixed-price and unit-price construction contracts awarded by public agencies (USACE, SFPUC, LA Metro, City of San Diego, Caltrans, Port of LA, Sound Transit, etc.) and via joint ventures. Contracts span water resources, sustainable transportation, energy transition, and climate resilience projects. Q1 2026 revenue was $88M; Q4 2025 revenue was $493M (full-year 2025) with backlog at $944M.
2. Operations & Management (O&M) Services: Long-term managed services revenue from tolling agency operations, customer service centers, and walk-in centers (e.g., WSDOT Good To Go!, CFX toll operations, Miami-Dade fleet overhaul — 18+ years, Central Florida Expressway). Includes back-office and call center operations.
3. Specialized Electrical Contracting (Axia Electric LLC): Launched in June 2025 as a subsidiary focused on electrical infrastructure; recent electrical contracts totaling $42 million, with total electrical work under contract exceeding $380 million.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels7 records

Core offering

Shimmick is a heavy civil general engineering contractor delivering self-performed (~80%) construction services across four focus areas: water resources (water treatment, reclamation, pump stations, dams), sustainable transportation (BRT, light rail, bridges, ports), energy transition (electrical/SCADA, ship-to-shore power, solar), and climate resilience (levees, flood control, seismic retrofits). The company also operates an O&M division for tolling and transit agencies, a drilling subsidiary (Legacy Foundations), and an electrical contracting subsidiary (Axia Electric LLC).

Differentiator

Problem solved

Functional benefit

Brands

• Axia Electric LLC: Specialized electrical contracting subsidiary launched in June 2025 to expand Shimmick's electrical offerings across infrastructure markets.
• Legacy Foundations

Products and services

• Heavy Civil Construction Services

Quantifiable outcome

• $944M backlog (Q1 2026), highest since Q1 2024
• +7 more outcomes

Named customers28 records

Segments7 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

13 partnerships are on record, tiered flagship, core and minor.

• Axia Electric LLC (Shimmick Subsidiary)flagshipOEM/ Whitelabel/ Licensing Partner · 26 June 2025Shimmick launched Axia Electric LLC to expand specialized electrical offerings across infrastructure markets. Recent electrical contracts totaled $42 million with total electrical work under contract exceeding $380 million.
• Myers and Sons Construction (Myers-Shimmick Joint Venture)flagshipStrategic or Co-development Partner · 1 December 2024Myers-Shimmick Joint Venture (MSJV) was awarded the preconstruction services contract for the North Hollywood to Pasadena BRT corridor for LA Metro. Construction phase anticipated 2025–2028. MSJV also co-delivered the Bollinger Canyon–Iron Horse Trail Overcrossing as Shimmick's first CM/GC project.
• IBTTA (International Bridge, Tunnel and Turnpike Association)coreGTM or Marketing Partner · 26 February 2021Shimmick's Operation & Management Division became IBTTA's newest Platinum Sponsor, supporting the tolling industry's mission. Shimmick operates and manages tolling agencies' systems, customer service centers, and walk-in centers.
• Shimmick-Parsons Joint Venture (E320 South Bellevue Light Rail)coreStrategic or Co-development PartnerShimmick-Parsons JV delivered the $321 million E320 South Bellevue Light Rail project with nearly 1.5 million manhours of work nearing substantial completion in September 2021.
• Shimmick Obayashi JV (San Vicente Dam Raise)coreStrategic or Co-development PartnerShimmick Obayashi JV was selected as a finalist for the AGC Constructor Award for the San Vicente Dam Raise project in the Heavy Engineering category (2015).
• HART Honolulu Joint Venture (Shimmick-led)flagshipStrategic or Co-development PartnerJoint venture team headed by Shimmick Construction Co., Inc. approved by the Honolulu Authority for Rapid Transportation (HART) for an $874.75 million contract to design and construct 5.2 miles of elevated guideway and 4 stations near Honolulu International Airport.
• Twenty-First Century Rail Group (Hudson-Bergen Light Rail JV)coreStrategic or Co-development PartnerTwenty-First Century Rail Group is a joint venture between Shimmick and partners that operates the Hudson-Bergen Light Rail line for New Jersey Transit, transporting 55,000 people a day near Jersey City, NJ.
• Nova-Shimmick Joint Venture (Naval Base Point Loma)minorStrategic or Co-development PartnerNova/Shimmick Joint Venture nominated in the Excellence in Project Management — Projects Over $15 Million category for the Replace Fuel Pier Project at Naval Base Point Loma, San Diego (2018 AGC of California Constructor Awards finalist).
• Board of Certified Safety Professionals (BCSP) — STS/STSC Sponsorship ProgramminorGTM or Marketing PartnerShimmick was named a Ruby Class Certification Sponsor by BCSP within the Safety Trained Supervisor (STS) and Safety Trained Supervisor Construction (STSC) Sponsorship Program, recognizing the company's advancement of safety through individual team certifications.
• Associated Schools of Construction (ASC) Regions 6 & 7coreGTM or Marketing PartnerShimmick serves as a Titanium Level Sponsor of the ASC Regional competition focused on advancing construction education. Shimmick employees also coach the Chico State ASC Heavy Civil Competition Team.
• KWH ConstructorscoreImplementation/ SI/ Consulting PartnerKWH Constructors was a subcontractor on the Bollinger Canyon–Iron Horse Trail Overcrossing project, erecting the architectural steel superstructure, tensioning the stay cables, and setting the concrete deck panels within tight spatial and traffic constraints.
• Myers and Sons (legacy Bollinger Canyon Overcrossing JV)flagshipStrategic or Co-development PartnerJV partner for the Bollinger Canyon Overcrossing; as Shimmick's first CM/GC project, the collaboration aligned engineering, procurement, and construction from the outset, enabling successful delivery of a complex structure.
• Legacy Foundations (Shimmick Drilling Division)flagshipStrategic or Co-development PartnerLegacy Foundations is Shimmick's drilling division specializing in deep pile foundations, micro-piles, and complex shoring/dewatering. Featured in ADSC Magazine for foundation work on LAX Automated People Mover project; ten Legacy Foundations employees certified as NCCCO crane operators in 2021.

Scale indicators11 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• Granite Construction: Publicly traded heavy civil contractor (NYSE: GVA) delivering water resources, transportation, and dam/reservoir work for public agencies across the Western U.S. — directly comparable in end markets, project size and bid-build/CMGC delivery model.
• Tutor Perini Corporation: Heavy civil and building contractor (NYSE: TPC) with large public-agency transportation and water projects; overlaps with Shimmick on large fixed-price federal/state pursuits and JV structures.
• Sterling Infrastructure: Specialty/heavy civil contractor (NASDAQ: STRL) serving transportation, water and infrastructure end markets via E-infrastructure, Transportation and Building Solutions — closest mid-cap analog on growth profile and water/transportation exposure.
• MasTec, Inc. Infrastructure construction firm (NYSE: MTZ) executing pipeline, power delivery, clean energy and communications infrastructure — comparable self-perform specialty contractor serving regulated and public utility customers.
• MYR Group: Specialty electrical contractor (NASDAQ: MYRG) for transmission, distribution and commercial/industrial markets — directly comparable to Axia Electric's value proposition as a focused electrical infrastructure builder.
• FlatironDragados: Heavy civil contractor (subsidiary of ACS Group) operating across the Western U.S. and Canada on transportation and water projects — direct head-to-head competitor on Caltrans, USACE and transit authority bids; recent employer of Shimmick's new COO Sarah Tacker.

Broad incumbents

• Quanta Services: Largest pure-play utility/infrastructure contractor (NYSE: PWR) with electric power, renewables and pipeline work — overlaps on energy-transition and electrical contracting scope (directly relevant to Axia Electric).
• AECOM: Global engineering and construction firm (NYSE: ACM) that previously owned Shimmick; competes for the same large public water, transit and federal civil works contracts as Shimmick's core business.
• Fluor Corporation: Global E&C services firm (NYSE: FLR) executing large public infrastructure, water and federal projects; competes on federal procurement where Shimmick's USACE credentials matter.
• Parsons Corporation: Infrastructure and defense contractor (NYSE: PSN) with a critical-infrastructure segment covering water, transit and dam work; existing JV partner of Shimmick (E320 South Bellevue) and direct competitor on similar BRT/rail pursuits.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key highlights7 records

Customer concentration

• Xshimmick.com/shimmick

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries6 records

Funding overview

Funding rounds2 records

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Shimmick Construction