Tricorp Group

What Tricorp Group does

Tricorp Group, Inc. is a privately held general contracting and construction management firm headquartered in Rocklin, California, founded in 2004 by Tony Moayed as Tricorp Construction and reorganized under its current name in 2014 after closing its Southern California operations. The company serves owners, developers, public agencies, nonprofits, and hotel brand operators across Northern California, with a portfolio spanning affordable housing, multifamily residential, mixed-use, hospitality, student housing, and public/civic projects. Its largest disclosed engagement is the $52 million Preserve at Marin renovation for Aimco, and it has delivered regional and national firsts including the Sacramento region's first CLT construction (Sonrisa Studio Apartments, 2023), the region's first completed modular building (Eviva Midtown, 2017), and the first U.S. AMMR-approved 6-story wood-over-3-story concrete podium (1430 Q, 2021).

The company operates through four core service lines: preconstruction services (feasibility, estimating, value engineering, constructability reviews), general contracting, construction management, and service/special projects for occupied properties. It self-performs 20-30% of work across demolition, concrete, metal stud framing, drywall, wood framing, plumbing, and finish carpentry, supported by a craft training center in West Sacramento. Technology is conventional construction industry stack: Procore for project management, Sage 300 for accounting, and Microsoft Project and Primavera P6 for scheduling.

Tricorp is a sales-led, principal-driven firm that engages clients through direct relationships and an online Bid Center for subcontractors. Revenue is generated through project-specific competitive bids and negotiated contracts, with a deliberate focus on fewer, larger, and methodologically innovative projects. In September 2020, principals Ryan Smith, Chris Cormier (a 2006 intern-turned-President), and Matt Carota acquired the company from founder Tony Moayed, who remained through 2023 to mentor the new ownership. The firm has 11-50 employees, is unencumbered by outside equity, and operates exclusively in Northern California.

Name

Tricorp Group

Legal name

Tricorp Group, Inc.

Website

https://tricorp-group.com

Company type

Private

Founded year

2004

Operating status

Operating

Headcount range

11–50 employees

Short description

Tricorp Group is a privately held Northern California general contractor and construction manager specializing in affordable housing, multifamily, mixed-use, and hospitality projects, serving developers, public agencies, nonprofits, and hotel brands with a focus on innovative construction methods including CLT, modular, and mass timber.

Ownership category

akta.pro rank

Headquarters

HQ city

Sacramento

HQ country

United States

HQ region

North America

Offices2 records

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. General Contracting Services: Traditional general contracting services for construction projects including hospitality, affordable housing, multifamily, and commercial projects. Revenue earned through competitive bidding on projects and negotiated contracts with owners/developers.
2. Construction Management Services: Construction management services providing sharply controlled and monitored project progress in terms of quality, cost, and time. Includes preconstruction services such as budgeting, cost assessments, value engineering, and constructability reviews.
3. Special Projects and Service Work: Service and special projects including apartment complex maintenance, office remodels, tenant improvements, plumbing, energy upgrades, and exterior weatherization. Diverse workforce capable of performing wide variety of trades with cross-trained craftspeople.

Pricing tiers

Go-to-market motion2 records

Distribution channels2 records

Marketing channels5 records

Core offering

Tricorp Group is a general contracting and construction management firm delivering preconstruction services, full-cycle general contracting, construction management, and service/special projects for affordable housing, multifamily, mixed-use, hospitality, public, and institutional clients in Northern California. The firm self-performs 20–30% of work across multiple trades and integrates Procore with Sage 300 for project and cost management.

Product overview

Tricorp Group is a general contracting and construction management firm offering a comprehensive suite of construction services. The company's portfolio consists of four core service offerings: Preconstruction Services (site selection, feasibility, estimating, value engineering, and constructability reviews); General Contracting (project management, safety/quality control, schedule/cost control, and self-performed trade work); Construction Management (full-cycle project oversight from preconstruction through close-out); and Service & Special Projects (maintenance, renovations, and special projects for occupied properties). These services support diverse project types including affordable housing, hospitality, multifamily, industrial, retail, public works, and special projects throughout Northern California.

Differentiator

Problem solved

Functional benefit

Products and services

• Preconstruction Services

Quantifiable outcome

• 80% of current Project Managers began as Project Engineer Interns
• +5 more outcomes

Named customers11 records

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

Eleven partnerships are on record, tiered core and minor.

• Capitol Area Development Authority (CADA)coreStrategic or Co-development PartnerCADA is a unique public agency collaboration between State of California and City of Sacramento. Tricorp has completed multiple projects with CADA including Sonrisa Studio Apartments (first under Governor Newsom's Executive Order), 1326 O Street community space, and CADA Office Remodel. Tricorp collaborated with CADA on innovative construction methods including CLT and modular building.
• Eden HousingcoreStrategic or Co-development PartnerEden Housing is a nonprofit affordable housing developer. Tricorp developed an industry-leading COVID-19 jobsite program that Eden Housing implemented on several other projects. Projects include Stone Pine Meadow Apartments (72 units, Tracy), The Calms at Burgess Point (56 units, Benicia), and Longshore Cove Apartments (236 units, Vallejo).
• Solano Affordable Housing FoundationcoreStrategic or Co-development PartnerNonprofit developing affordable housing in Solano County. Tricorp worked with foundation on Marina Village Housing (160 units) and maintained original project completion dates despite COVID-19 shutdowns by identifying out-of-sequence work activities.
• Mercy HousingcoreStrategic or Co-development PartnerLarge nonprofit affordable housing developer. Tricorp completed 1801 West Capitol project (85 units, 57,192 sq ft) in West Sacramento providing permanent supportive housing for families exiting homelessness.
• 3Strands Global FoundationminorStrategic or Co-development PartnerNonprofit fighting human trafficking and assisting its victims. Tricorp partnered with 3Strands for Holiday Toy Drive (donating 500+ toys), and completed The Table tenant improvement (12,526 sf empowerment center) for survivors of human trafficking.
• Presidio CompaniescoreStrategic or Co-development PartnerDevelopment company. Testimonial from Managing Partner Guneet Bajwa praising Tricorp's work on multiple hospitality projects including new construction, renovation, and design/build. Alila Napa Valley project completed for Presidio Companies.
• Rebuilding TogetherminorStrategic or Co-development PartnerNational nonprofit focused on home repair. Tricorp participated in Rebuilding Day 2023, sponsoring and volunteering to repair an elderly disabled veteran's home including debris removal, electrical work, kitchen/bathroom renovations, and exterior repairs.
• Marriott InternationalcoreChannel Partner/ Reseller/ DistributorTricorp has completed multiple Marriott-branded projects including AC Hotel by Marriott Sacramento (179 keys), Springhill Suites by Marriott Belmont (168 keys), and Courtyard by Marriott Redwood City (177 keys). Works directly with brand standards.
• Hyatt HotelscoreChannel Partner/ Reseller/ DistributorCompleted multiple Hyatt hotels including Hyatt Place Hotel UC Davis (127 keys - one of first P3 projects in California), Historic Hyatt House Hotel K Street Sacramento (128 keys), Hyatt Place El Segundo (143 keys - first GEN 2 model in US), Doubletree Suites Rancho Cordova conversion, and Hyatt House Vacaville.
• Hilton WorldwidecoreChannel Partner/ Reseller/ DistributorCompleted Doubletree Suites by Hilton Rancho Cordova property improvement plan converting from Hyatt House hotel. All rooms received new finishes including code and brand upgrades to plumbing, HVAC, fire sprinklers and lighting.
• Construction Industry Education Foundation (CIEF)minorGTM or Marketing PartnerTricorp sponsors teams at CIEF Nor Cal Design Build Competition and hosts CREATE Summer Camp students at project jobsites to inspire young individuals to enter the construction field.

Scale indicators7 records

Recent moves9 records

Expansion highlights5 records

Direct peers

• Plant Construction Company: San Francisco-based general contractor serving commercial, residential, and institutional clients in the Bay Area and Northern California. Similar size tier and service offering, including tenant improvements and ground-up construction.
• Swinerton: West Coast-headquartered general contractor with a deep multifamily, hospitality, and commercial portfolio in Northern California. Closest scale-and-geography comparable to Tricorp, with overlapping services in preconstruction, GC, and construction management for similar client types.
• Webcor: San Francisco-based general contractor specializing in multifamily residential, commercial, and public-sector construction across Northern California. Comparable service mix and customer base to Tricorp, particularly in affordable housing and urban mixed-use projects.
• Herrero Builders: San Francisco general contractor focused on residential, mixed-use, and institutional projects in the Bay Area. Comparable size and geographic footprint, with overlap on multifamily ground-up and occupied renovation work that mirrors Tricorp's core offerings.
• Hathaway Dinwiddie Construction Company: San Francisco-based general contractor with strong multifamily, commercial, and civic portfolio across Northern California. Comparable customer mix of developers and public agencies, with similar construction management and preconstruction capabilities.

Broad incumbents

• Turner Construction Company: One of the largest general contractors in the US with an established Sacramento office. Competes for the same hospitality and institutional work as Tricorp but at a much larger scale and across virtually all commercial building segments.
• DPR Construction: National, technically focused general contractor with a major Sacramento and Bay Area presence. Overlaps with Tricorp on multifamily and hospitality but operates at significantly larger scale with broader sector coverage including healthcare, life sciences, and advanced technology.
• Clark Construction Group: Large national general contractor with West Coast presence on multifamily, hospitality, and civic projects. Significantly larger than Tricorp with broader geographic and sector reach, but competes for many of the same Northern California developers.
• McCarthy Building Companies: National general contractor with a strong presence on multifamily, hospitality, and educational projects in California. Competes with Tricorp for similar owner/developer relationships but at materially larger scale and broader portfolio.

Regional players

• Lathrop Construction Associates: Sacramento-area general contractor focused on commercial, healthcare, and multifamily construction in California's Central Valley and Northern California. Comparable regional footprint and customer base, though with a different sector mix than Tricorp.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/tricorpgroup
• LinkedInlinkedin.com/company/1508597

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds

Investors

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 Tricorp Group