Wells Concrete

What Wells Concrete does

Wells Concrete (legally The Wells Companies, Inc.) is a US-based provider of above-grade architectural and structural precast concrete building systems, founded in 1951 and headquartered in Albany, Minnesota. The company operates a national manufacturing and preconstruction platform across 13 manufacturing facilities and over 20 regional locations, serving commercial and institutional construction markets including civic, education, healthcare, hospitality, manufacturing, mission critical, office, parking, recreation, residential, retail, and infrastructure sectors.

Its product portfolio is organized into two main categories. Architectural Building Systems include proprietary products such as GateLite and DEX, plus Ultra High Performance Concrete (UHPC) facade capabilities. Structural Building Systems provide load-bearing precast solutions. Wells delivers these through an integrated service model spanning Design, Manufacture, Build, and Maintain, with regional preconstruction and sales teams handling direct enterprise engagement. Revenue is generated through project-based construction contracts, with pricing custom and quote-based rather than publicly disclosed.

The company has pursued a multi-year inorganic growth strategy, acquiring Spancrete in December 2020 and GATE Precast in July 2024 to expand its national footprint. Headcount grew from approximately 2,200 (post-GATE Precast, 2024) to 2,700 (February 2026), with concurrent additions to executive leadership including a new CTO (Rob Orvis, May 2026) and Director of EHS for Field Services (Tom Peterson, June 2026). In February 2026, KPS Capital Partners signed a definitive agreement to acquire The Wells Companies, Inc., with the transaction expected to close in Q1 2026 pending regulatory approvals—a transition from independent ownership to PE-backed control.

Name

Wells Concrete

Legal name

The Wells Companies, Inc.

Website

https://wellsconcrete.com

Company type

Private

Founded year

1951

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Wells Concrete is a US-based provider of above-grade architectural and structural precast concrete building systems, serving commercial and institutional construction across civic, education, healthcare, office, residential, and infrastructure sectors through 13 domestic manufacturing facilities and integrated design-manufacture-build-maintain services.

Ownership category

akta.pro rank

Headquarters

HQ city

Albany

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Precast Concrete Building Solutions: Wells generates revenue through the design, manufacture, and installation of precast concrete building systems for commercial and institutional construction projects. Revenue is project-based, derived from construction contracts for architectural and structural precast concrete solutions.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels9 records

Core offering

Wells Concrete designs, manufactures, and installs above-grade architectural and structural precast concrete building systems for commercial, institutional, and infrastructure construction projects in the United States. Offerings span architectural building systems (including GateLite and DEX precast products and UHPC facades) and structural building systems, delivered through an integrated Design, Manufacture, Build, and Maintain service model across 13+ manufacturing facilities.

Product overview

Wells Concrete (The Wells Companies, Inc.) is a leading provider of above-grade architectural and structural precast concrete solutions in the United States. The company operates a platform of comprehensive building systems organized into two main categories: Architectural Building Systems (which includes GateLite and DEX sub-products) and Structural Building Systems. These are delivered through an integrated services model comprising Design, Manufacture, Build, and Maintain services. The company serves diverse markets including Civic + Community, Education, Healthcare, Hospitality, Manufacturing, Mission Critical, Office, Parking, Recreation, Residential, Retail, and Infrastructure sectors. Wells operates manufacturing facilities across the country with recent expansion following the acquisition of GATE Precast.

Differentiator

Problem solved

Functional benefit

Brands

• GateLite: Architectural precast concrete building system product
• DEX

Products and services

• Architectural Building Systems Above-grade architectural precast concrete solutions including facades and exterior finishes for commercial, institutional, and residential buildings. Sub-products within this line include the GateLite architectural precast concrete building system and the DEX architectural precast concrete finish/product.
• Structural Building Systems
• Design Services
• Manufacture Services
• Build Services
• Maintain Services
• GateLite Architectural Precast Building System Architectural precast concrete building system offered by Wells for above-grade building applications, sold as part of the Architectural Building Systems product line.
• DEX Architectural Precast Concrete Product
• Ultra High Performance Concrete (UHPC) Facades

Named customers5 records

Segments12 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

One partnership is on record.

• GATE Petroleum CompanycoreStrategic or Co-development Partner · 15 July 2024Wells acquired GATE Precast, a subsidiary of GATE Petroleum Company. This acquisition expanded Wells' operations to over 20 locations across the US with 14 manufacturing facilities and approximately 2,200 team members.

Scale indicators7 records

Recent moves8 records

Expansion highlights5 records

Direct peers

• Tindall Corporation: Tindall is a privately held U.S. manufacturer of architectural and structural precast/prestressed concrete serving commercial, industrial, and institutional markets. It is a closely comparable peer with a similar product mix, regional manufacturing plant model, and design-build delivery approach as Wells.
• High Concrete Group: High Concrete Group produces architectural and structural precast concrete for parking structures, stadiums, and commercial buildings across the U.S. It competes head-to-head with Wells on large architectural precast envelopes and parking structure work.
• Metromont Corporation: Metromont is a U.S. precast concrete producer specializing in architectural wall systems, parking structures, and structural precast for data centers and commercial buildings. It is one of the closest competitors to Wells in architectural above-grade precast.
• Coreslab Structures: Coreslab operates a network of regional precast/prestressed concrete plants across the U.S. and Canada producing structural and architectural precast. The multi-region plant footprint and product breadth make it a direct comp to Wells' national platform.
• Fabcon Precast: Fabcon manufactures structural precast wall panels and hollowcore plank for warehouses, industrial, and commercial buildings. Overlap with Wells is strongest in structural precast for large-format commercial and industrial projects.
• Stresscon Corporation: Stresscon is a Colorado-based architectural and structural precast producer serving commercial, institutional, and infrastructure markets in the Mountain West. Geographic and product overlap with Wells' western U.S. operations makes it a focused direct peer.
• Spancrete: Spancrete, acquired by Wells Concrete in December 2020, operates as a retained brand producing precast/prestressed structural products and architectural precast. It is now part of Wells but historically was a direct peer and an indicator of the consolidation pattern in this industry.

Broad incumbents

• Oldcastle Infrastructure (CRH): Oldcastle Infrastructure, part of CRH plc, is the largest U.S. producer of concrete infrastructure products (pipes, drainage, precast structures, masonry) and competes with Wells in structural precast and select architectural categories as part of a much broader building products portfolio.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/@wellsbuilds
• Facebookfacebook.com/wellsconcrete
• LinkedInlinkedin.com/company/wells-concrete
• Instagraminstagram.com/wellsbuilds
• Xx.com/wellsconcrete

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

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

M&A2 records

Investments

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

Frequently asked questions about Wells Concrete