Hensel Phelps

What Hensel Phelps does

Hensel Phelps is one of the largest employee-owned general contractors in the United States, founded circa 1946 in Colorado and headquartered in Greeley (relocating to a 140,000-square-foot facility in Loveland, Colorado in 2026). The company operates a "Plan. Build. Manage." platform of three integrated service lines — Real Estate Development, Construction (general contracting and construction management), and Facility Services — delivered through 10+ regional offices across the U.S. plus Hawaii, Guam, and Pacific Islands, with a specialized Mission Critical Integrated Solutions (MCIS) unit in Loveland, CO serving hyperscale data center clients.

Construction services are delivered across thirteen industry verticals — Advanced Manufacturing, Aviation, Civic, Commercial, Education, Federal + Defense, Healthcare, Hospitality, Infrastructure + Transportation, Mission Critical, Power + Energy, Science + Technology, and Water + Wastewater — with a cumulative lifetime portfolio that aggregates to over $150 billion in project value across thousands of engagements (including 395+ aviation projects at $33B, 450+ federal/defense projects at $30B+, 160+ mission critical projects at $21B+, and 750+ water/wastewater projects). Named institutional clients include Meta Platforms (co-contractor on the $1.5B–$10B+ El Paso data center with JE Dunn), NASA, the U.S. Navy (NAVFAC), the University of California and Texas Systems, Kaiser Permanente, Hilton, Marriott, United Launch Alliance, Lockheed Martin, the NIH, and the SSA. Pricing is project-based and bid-driven across fixed-price design-build, CM-at-Risk, and design-bid-build arrangements, with individual contracts ranging from tens of millions to over $200M.

The underlying technology stack combines BIM, Virtual Design and Construction (VDC), LiDAR-based reality capture, digital twins, immersive visualization via Unreal Engine and Meta Quest headsets, AI-driven automation, construction robotics (Okibo EG7+), 3D construction printing (Alquist A1), drones, and an SAP Cloud ERP Private back-office migrated with Syntax's AI CodeGenie Suite. The Diverge subsidiary (Innovation Center opened in Phoenix, October 2025) acts as an incubator for emerging construction technologies. The company is ISO 27001 certified and holds ABC, AGC, DBIA, and ENR awards. Customer concentration skews toward public agencies and large enterprise clients; revenue is not publicly disclosed but portfolio and headcount signals place Hensel Phelps in the top tier of U.S. general contractors.

Name

Hensel Phelps

Legal name

Hensel Phelps Construction Co.

Website

https://henselphelps.com

Company type

Private

Founded year

1946

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Hensel Phelps is an employee-owned U.S. general contractor delivering integrated Plan-Build-Manage services across 13 industry verticals and 10+ regional offices, serving federal, healthcare, higher-education, aviation, mission-critical data center, and commercial clients through design-build and construction management engagements.

Ownership category

akta.pro rank

Product category

General Contracting and Construction Services

NAICS

Agriculture, Construction, and Mining Machinery Manufacturing (3331), Construction Machinery Manufacturing (333120), Architectural, Engineering, and Related Services (5413)

SIC

Construction Machinery & Equip (3531), Construction, Mining & Materials Handling Machinery & Equip (3530), Water, Sewer, Pipeline, Comm & Power Line Construction (1623)

akta.pro primary industry

Design-Build / EPC General Contracting (IMAFAAAD)

Keywords

• General contracting services
• Construction management at-risk
• Design-build construction
• Facility management services
• Real estate development

Headquarters

HQ city

Greeley

HQ country

United States

HQ region

North America

Offices24 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Construction Services: Primary revenue stream derived from general contracting, construction management at-risk, design-build, and design-bid-build contracts delivered through regional offices across the U.S. and Pacific. Contract types range from individual project bids to large multi-year programs (e.g., $190M Vulcan Centaur, $230.6M Colorado Convention Center Expansion).
2. Real Estate Development: Co-develops projects (e.g., Ascend Apollo, Bethune-Cookman University Residence Halls, Greeley City Center) with equity partners; includes Hensel Phelps Development acting as co-developer/owner with Canyon Partners as co-financier on Ascend Apollo.
3. Facility Services / Management: Ongoing property management, maintenance, and facility life solutions provided after construction completion through Hensel Phelps Services Group, including long-term engagements (e.g., Avenues: The World School facility management).

Pricing tiers

Go-to-market motion1 record

Core offering

Hensel Phelps delivers general contracting, construction management, and design-build services under a "Plan. Build. Manage." framework spanning thirteen market verticals including aviation, healthcare, federal/defense, mission critical data centers, hospitality, civic, commercial, education, infrastructure, water/wastewater, advanced manufacturing, science/technology, and power/energy. The company also provides integrated real estate development and post-construction facility management services through its employee-owned regional office network across the United States.

Product overview

Hensel Phelps delivers its offering as a platform of three integrated service lines — Real Estate Development, Construction (general contracting / construction management), and Facility Services — organized under the "Plan. Build. Manage." framework. The Construction line is delivered across thirteen industry verticals (Advanced Manufacturing, Aviation, Civic, Commercial, Education, Federal + Defense, Healthcare, Hospitality, Infrastructure + Transportation, Mission Critical, Power + Energy, Science + Technology, and Water + Wastewater). Specialized offerings sit on top of this platform: Mission Critical Integrated Solutions (MCIS) for data centers; Virtual Design and Construction (VDC) services for BIM, digital twins, and reality capture; and the Diverge innovation subsidiary, which operates the Diverge Innovation Center in Phoenix, AZ to incubate construction-technology startups, autonomous robots, layout printers, and 3DCP systems. The Transcend brand, acquired October 13, 2025, extends the offering with leadership and organizational development services, complementing the workforce-focused initiatives of the core Plan/Build/Manage platform.

Differentiator

Problem solved

Functional benefit

Brands

• Diverge: Innovation subsidiary of Hensel Phelps, operating the Diverge Innovation Center in Phoenix, Arizona; focuses on construction technology, layout printers, autonomous robots, and AI-driven construction innovations.

Products and services

• Real Estate Development Services Collaborative real estate development services guiding clients from concept through completion with planning that identifies efficiencies and anticipates issues, complementing the Construction and Facility Services lines. Co-develops projects with equity partners (e.g., Ascend Apollo with Canyon Partners).
• Construction (General Contracting / Construction Management) Preconstruction, construction management, design-build, and general contracting for landmark projects across aviation, healthcare, mission critical, federal, water/wastewater, civic, commercial, hospitality, education, infrastructure, advanced manufacturing, science/technology, and power/energy markets, with self-performed work and integrated VDC/BIM/digital twin workflows.
• Facility Services Ongoing property management, maintenance, commissioning, transitional services, and facility life solutions delivered by Hensel Phelps Services Group after construction completion, including long-term engagements such as Avenues: The World School facility management.
• Mission Critical Integrated Solutions (MCIS) Full-service mission critical delivery for data centers and other high-reliability facilities, offering planning, building, and management with expertise in redundancy, scalability, energy efficiency, security, and regulatory compliance. Has delivered 160+ projects valued at over $21 billion, primarily data center construction.
• Diverge Innovation Subsidiary Hensel Phelps-owned innovation subsidiary running the Diverge Innovation Center in Phoenix, AZ, serving as an incubator that works with construction technology startups, autonomous robots (e.g., Okibo EG7+), layout printers, 3DCP systems (Alquist A1), and other field-technology innovations.
• Transcend Leadership & Organizational Development Leadership and organizational development services acquired via Transcend (Greeley, CO), providing coaching, leadership development, and organizational strategy to enhance Hensel Phelps' workforce capability under Chief Strategy Officer Craig Wiley.

Quantifiable outcome

• 1,450,761 worker hours on Colorado Convention Center Expansion with zero lost time incidents over 32 months
• +4 more outcomes

Named customers28 records

Ideal customer profiles9 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

AI capability15 records

Feature8 records

Partnerships

13 partnerships are on record, tiered flagship and moderate.

• PopulousflagshipStrategic or Co-development Partner · 6 June 2026Populous (architecture firm) designed the $45 million, 37,690-square-foot John Madden Football Center at Cal Poly, which Hensel Phelps constructed. The center was unveiled June 6, 2026, named to honor Pro Football Hall of Fame coach John Madden.
• SyntaxflagshipTechnology or Integration · 30 April 2026Syntax partnered with Hensel Phelps to migrate to SAP Cloud ERP Private, deploying its AI CodeGenie Suite to automate and accelerate custom development during the implementation. Syntax's construction and engineering industry expertise and agentic AI development platform eliminated manual handoffs between requirements, specification, and code, ensuring clean core compliance. The CIO of Hensel Phelps cited Syntax's deep construction industry knowledge and AI capabilities as key factors in improving execution efficiency. The modernization effort enables Hensel Phelps to scale operations and adopt advanced AI technologies.
• Meta Platforms (data center collaboration)flagshipStrategic or Co-development Partner · 16 March 2026Hensel Phelps is listed as a key construction company in the data center construction market alongside DPR Construction, Turner Construction, Holder Construction, and Balfour Beatty US. Hensel Phelps is collaborating with JE Dunn as co-contractors on Meta's $1.5B (expanded to $10B+) El Paso, Texas data center project.
• AlquistmoderateGTM or Marketing Partner · 11 March 2026Alquist expanded its national education and workforce development initiative through new partnerships with Rio Salado Community College and the University of Wisconsin-Stout. Showcase events for Alquist's A1 3DCP systems and 3D-printed concrete benches (delivered for Tempe's Downtown Enhancement Project) were hosted at Hensel Phelps' Diverge Innovation Center.
• OkibomoderateTechnology or Integration · 12 December 2025Okibo premiered its EG7+ construction robot at Hensel Phelps' Innovation Day in Phoenix, Arizona, before launching it in the U.S. market. The robot automates sanding, painting, and level 4 drywall finishing tasks at heights up to 24 feet using an AI-driven 3D scanning system. Productivity gains claimed up to five times for finishing tasks; national launch responds to labor shortages.
• JE DunnflagshipStrategic or Co-development Partner · 20 October 2025JE Dunn and Hensel Phelps are collaborating as co-contractors on Meta's $1.5 billion AI-optimized data center project in El Paso, Texas, scalable to 1 gigawatt. The project is expected to create nearly 2,000 local jobs including approximately 1,800 construction positions at peak, expanded to $10B+ investment with 4,000+ construction workers.
• El Paso ElectricmoderateStrategic or Co-development Partner · 20 October 2025El Paso Electric supplies clean energy to Meta's El Paso data center facility through a sourcing agreement; this energy partnership underpins the Meta data center build that Hensel Phelps is co-constructing with JE Dunn.
• TranscendflagshipStrategic or Co-development Partner · 13 October 2025Hensel Phelps acquired Transcend, a Greeley, Colorado-based leadership and organizational development firm, on October 13, 2025 to enhance leadership development, coaching, and organizational strategies. Transcend founder and CEO Craig Wiley joined Hensel Phelps as Chief Strategy Officer. The acquisition aims to enhance leadership development and strategic growth within the company.
• Diverge (a Hensel Phelps Company)flagshipStrategic or Co-development Partner · 1 October 2025Diverge is a Hensel Phelps-owned innovation subsidiary and venture incubator. The Diverge Innovation Center grand opened in Phoenix, Arizona in October 2025, with Thai Nguyen serving as Director of Innovation alongside CEO Mike Choutka and COO Brad Jeanneret. Diverge works with emerging construction technologies including layout printers, autonomous robots, 3DCP, and immersive visualization.
• CO ArchitectsmoderateStrategic or Co-development Partner · 22 April 2025CO Architects designed the bespoke 'floating' MRI facility at UCI Health's Irvine Medical Center in California, which Hensel Phelps constructed. The structural solution isolates MRI machines from building vibrations using springs, sway braces, and multi-layer copper and steel shielding; the $8 million project opened Fall 2024 as the first all-electric major healthcare campus in the U.S.
• HKSflagshipStrategic or Co-development Partner · 18 April 2025HKS (architecture firm) and Hensel Phelps (general contractor) were selected through a competitive process by the University of Texas at Arlington for the first facility of UTA West campus in west Fort Worth (Walsh Ranch). HKS brings experience from high-profile projects including AT&T Stadium and Globe Life Field. Phase I work begins soon, with first students as early as Fall 2028 and capacity for 10,000+ students.
• HinesflagshipStrategic or Co-development Partner · 1 March 2018Hines (1144 Fifteenth Partners LLC) engaged Hensel Phelps to construct the 42-story 1144 Fifteenth Street office building in downtown Denver, providing approximately 708,000 SF of Class A office space plus 477,000 SF of parking, total 1,185,000 SF. The partnership produced the 4th tallest occupied office building in downtown Denver.
• Peter N.G. Schwartz Management Co.moderateStrategic or Co-development Partner · 1 April 2017Peter N.G. Schwartz Management Co. partnered with Hensel Phelps Development as co-developer for the Ascend Apollo residential complex in Largo, Maryland, with Canyon Partners as co-financier. Hensel Phelps Construction executed the build.

Scale indicators23 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Turner Construction Company: One of the largest U.S. general contractors with comparable aviation, healthcare, mission critical, and federal exposure. Hensel Phelps is explicitly listed alongside Turner as a key data-center construction competitor and shares the multi-billion-dollar revenue tier on ENR rankings.
• DPR Construction: National GC with deep mission-critical/data-center and healthcare specializations. DPR is named alongside Hensel Phelps as a peer competitor in the hyperscale data-center construction market and operates a similar employee-ownership-influenced culture.
• Holder Construction: Specialty GC focused on data centers, corporate headquarters, and aviation. Holder is named as a co-equal competitor to Hensel Phelps in the data-center construction market and competes directly on hyperscale mission-critical programs.
• JE Dunn Construction: Top-10 U.S. general contractor with similar aviation, healthcare, federal, and data-center practices. JE Dunn is Hensel Phelps' explicit co-contractor on Meta's $10B+ El Paso AI data center, making them a direct peer on the largest active Hensel Phelps project.
• Balfour Beatty US: Large U.S. general contractor with overlapping aviation, federal, commercial, and mission-critical practices. Balfour Beatty is named as a key peer alongside Hensel Phelps in the data-center construction market and competes on similar mega-programs.
• Mortenson Construction: Employee-owned GC with strong mission-critical/data-center, healthcare, and renewable-energy practices. Mortenson competes directly with Hensel Phelps on hyperscale data centers, healthcare systems (Kaiser Permanente), and large federal/utility programs.
• Clark Construction Group: Major Mid-Atlantic and national GC with deep federal, healthcare, higher-education, and commercial practices. Clark competes with Hensel Phelps on federal installations in the DC/Mid-Atlantic corridor and on large healthcare and higher-education projects.
• Whiting-Turner Contracting Company: Top-tier U.S. general contractor with comparable aviation, healthcare, higher-education, federal, and mission-critical exposure. Whiting-Turner competes with Hensel Phelps on similar mega-project bids across Hensel Phelps' regional footprint.
• Swinerton: Employee-owned national GC with comparable culture and similar multi-region service delivery across aviation, healthcare, and commercial. Swinerton competes with Hensel Phelps particularly on West Coast and Pacific regional work.

Broad incumbents

• Bechtel Corporation: Largest U.S. engineering, procurement, and construction firm with deep federal, defense, nuclear, and infrastructure practices. Bechtel is named alongside Hensel Phelps in the December 2025 DJI drone congressional inquiry, underscoring its role as a federal/defense peer operating at significantly larger scale.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/henselphelps
• YouTubeyoutube.com/c/HenselPhelpsConstructionCo
• Facebookfacebook.com/HenselPhelpsCommunications
• LinkedInlinkedin.com/company/21743
• Instagraminstagram.com/henselphelps

Compliance7 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Subsidiaries2 records

Funding overview

Funding rounds

Investors

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

M&A1 record

Investments

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

Frequently asked questions about Hensel Phelps