Industrial Project Innovation

What Industrial Project Innovation does

Industrial Project Innovation (IPI) is a privately held, founder-owned construction management and project delivery firm headquartered in Greenville, South Carolina. Founded in 2016, the company provides full-service industrial project execution — including project planning, design, construction management, program management, project controls, procurement, and process equipment installation — for large manufacturing facility greenfield builds and expansions. Its core service portfolio spans multiple delivery methods (Design-Build, Design-Bid-Build, Construction Management at Risk) and is supported by a technology stack combining Autodesk BIM and Assemble, DroneDeploy aerial capture, Microsoft Power BI reporting, and Procore, overlaid with a proprietary Visual Project Control (VPC) methodology for real-time project status.

IPI serves enterprise clients in automotive, aerospace, EV battery, aluminum, and food manufacturing, with multi-decade relationships anchoring its book of business — notably Honda (35 years) and BMW (28 years), plus Toyota, Mazda, Hyundai Mobis, Kia, Boeing, Panasonic Energy, SK Innovation, Faraday Future, and Braidy Industries. The firm operates on a professional services, project-based pricing model negotiated directly with enterprise buyers, with revenue generated through construction management and program management fees on multi-year industrial capex programs that frequently exceed $1 billion in total installed cost. The company is privately held by founders Kevin Ball and Russ Braasch, with no disclosed external equity or debt funding, and is scaling through internal capacity expansion, including a newly launched European division (IPI International, Munich) in August 2025 and a formalized aerospace and defense business unit.

Name

Industrial Project Innovation

Legal name

Industrial Project Innovation, LLC

Website

https://ipi.build

Company type

Private

Founded year

2016

Operating status

Operating

Headcount range

101–250 employees

Short description

Industrial Project Innovation is a privately held, Greenville, South Carolina-based construction management and program management firm serving large enterprise manufacturers in automotive, aerospace, EV battery, and aluminum with multi-decade relationships including Honda and BMW.

Ownership category

akta.pro rank

Product category

Industrial Construction Management

NAICS

Industrial Machinery Manufacturing (33324), Computer and Peripheral Equipment Manufacturing (33411), Machinery Manufacturing (333)

SIC

Services-Computer Integrated Systems Design (7373), Electrical Industrial Apparatus (3620), Misc Industrial & Commercial Machinery & Equipment (3590)

akta.pro primary industry

Embedded & HMI Electronics Manufacturing (Industrial PCs, HMIs, Panel PCs) (IMAGAGAD)

Keywords

• Construction management services
• Industrial project management
• Program management services
• Design-build construction
• Construction management at risk

Headquarters

HQ city

Greenville

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Construction Management Services: Provides construction management services for industrial manufacturing facilities. Acts as construction manager on major projects, managing program planning, construction management, project cost and schedule control, and other leadership responsibilities.
2. Program Management: Overall planning, budgeting, and organization of projects in coordination with clients. Includes program management for multi-phase or multi-site industrial projects.
3. Procurement & Contract Administration: Right-sized turnkey procurement support including procurement on IPI Contract Forms or Client Contract Forms, dedicated procurement and contract administration teams, and staff augmentation for client procurement teams.
4. Project Engineering Services: Process equipment installation, process design, and engineering services for manufacturing facilities.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels6 records

Core offering

Industrial Project Innovation (IPI) is a full-service industrial project delivery firm providing project planning, project management, construction execution, and project controls for manufacturing facilities. The firm delivers construction management, program management, procurement, and process equipment installation services to enterprise manufacturers in automotive, aerospace, EV battery, aluminum, and food industries from concept through operations.

Product overview

Industrial Project Innovation (IPI) is a full-service industrial project delivery firm providing comprehensive services from concept through operations. The company's core offerings include Project Management Services, Construction Management Services, Project Controls, and Procurement Services, delivered through various delivery methods (Design-Build, Design-Bid-Build, Construction Management at Risk). Supporting these core services are specialized technology offerings including BIM and CAD Services using Autodesk software, DroneDeploy drone-based site mapping and progress tracking, and the proprietary Visual Project Control (VPC) methodology for real-time project monitoring. The company also provides safety program management using the PEAK Engagement framework and operates IPIGO as its organizational excellence initiative. IPI serves clients across automotive, aerospace, aluminum, foods, battery/EV, and general manufacturing industries.

Differentiator

Problem solved

Functional benefit

Products and services

• Project Management Services

Quantifiable outcome

• Inc. 5000 No. 106 ranking with three-year average growth rate over 500 percent (2021)
• +2 more outcomes

Named customers12 records

Segments5 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration5 records

AI capability5 records

Feature6 records

Scale indicators11 records

Recent moves8 records

Expansion highlights6 records

Broad incumbents

• Fluor Corporation: Fluor is a global engineering, procurement, fabrication, construction, and project management firm with deep industrial and energy exposure - competes for the same large industrial and EV battery facility projects IPI targets.
• Bechtel Corporation: Bechtel is one of the world's largest EPC firms, delivering industrial, infrastructure, and energy mega-projects - competes with IPI on the largest automotive, battery, and aerospace builds but at vastly larger scale.
• AECOM: AECOM is a global infrastructure consulting and construction services firm with industrial, automotive, and aerospace practices - a broad incumbent that competes for the same enterprise industrial CM engagements IPI pursues.
• Jacobs Solutions: Jacobs is a global professional services firm delivering engineering, construction management, and project delivery for industrial, aerospace, and advanced manufacturing clients - overlaps with IPI in aerospace/defense and EV battery facility delivery.

Direct peers

• Exyte: Exyte (formerly M+W Group) is a global high-tech and industrial facility construction firm with deep expertise in semiconductor, battery, and advanced manufacturing plant delivery - directly comparable to IPI's EV battery and industrial project focus.
• Holder Construction: Holder Construction is an Atlanta-based construction management and design-build firm with a strong industrial and manufacturing practice, comparable in scale, delivery model (CM-at-Risk, Design-Build), and Southeast U.S. footprint to IPI.
• Walbridge: Walbridge is a Detroit-based construction management firm focused on industrial, automotive, and advanced manufacturing facilities - directly comparable in target customers and project delivery methods to IPI.
• Faith Technologies: Faith Technologies is a national electrical and industrial construction services provider serving manufacturing, data center, and commercial clients - overlapping with IPI on process equipment installation and industrial project execution.
• Gray Construction: Gray Construction is a Kentucky-based design-build and construction management firm specializing in industrial manufacturing facilities for automotive, food/beverage, and distribution clients - directly overlapping with IPI's automotive, EV battery, and food industry project base.
• Barton Malow: Barton Malow provides construction management and trade contracting for industrial, energy, and manufacturing clients - similar size band to IPI and competes directly for automotive and industrial facility work in the U.S.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries1 record

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 Industrial Project Innovation