Veit & Company, Inc

What Veit & Company, Inc does

Veit & Company, Inc. is a third-generation, family-owned specialty contractor and waste management company headquartered in Rogers, Minnesota, operating across the Upper Midwest with additional presence in Missouri and Oklahoma. Founded in 1928 by Frank Veit, the company is led today by CEO Kelly Veit (appointed 2021) and President Tim Reimann (joined 2020), with a workforce of 1,000+ union and non-union team members. Its offering is anchored on eight integrated service lines: demolition, foundation, earthwork, utility, marine, industrial cleaning, CIPP cured-in-place pipelining, and disposal. Service delivery is project-based, sourced through competitive public bidding, direct enterprise sales to municipal, government, energy, and industrial clients, and long-cycle relationship work. Disposal services are operated through subsidiary Veit Disposal Systems and affiliated solid-waste company Vonco, which holds industrial solid waste permits for landfills including Vonco II and Vonco V.

Underlying operations are differentiated by a modern, capital-intensive fleet of 600+ revenue-producing heavy units (including 120+ excavators, 40+ dozers, 15+ haul trucks, 85+ skid loaders, 5+ cranes, 9+ foundation drill rigs, and 10+ vacuum trucks) and 1,000+ support units, making Veit one of the largest Caterpillar owner/operators in the United States. Production technology includes GPS-guided grade control with cloud-connected assets, drone-based job site mapping, and internally built 3D models for high-precision grading; project management and safety documentation run on PlanGrid (Autodesk) and HCSS Safety. This integrated platform supports use cases ranging from high-reach urban demolition (recognized with a World Demolition Award for the McCormick Hall project) and deep foundation work to commercial diving, hydraulic dredging, hydroblasting (10,000-40,000 PSI), and trenchless CIPP sewer rehabilitation.

Revenue is generated through fixed-price and unit-priced project contracts (e.g., roll-off containers sized 10-40 cubic yards) plus transaction fees from waste handling and disposal. Customer segments are diversified across municipal and government (cities, counties, state agencies), energy (power plants, refineries), industrial/manufacturing (food processing, mining), and commercial construction. Backed by an EMR of 0.66 — well below the industry average of 1.0 — and a series of safety awards (Governor's Outstanding Achievement, CHASE Level 2/3, LECET Safety Driven), Veit sells on safety, scale, and integrated delivery rather than lowest-bid positioning. The company has no external private equity or institutional ownership and continues to operate without public reporting.

Name

Veit & Company, Inc

Legal name

Veit & Company, Inc.

Website

https://veitusa.com

Company type

Private

Founded year

1928

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Veit & Company is a third-generation, family-owned specialty contractor and waste management firm serving municipal, government, industrial, and energy clients across the Upper Midwest with demolition, foundation, earthwork, utility, marine, industrial cleaning, CIPP, and disposal services.

Ownership category

akta.pro rank

Product category

Specialty Construction Services

NAICS

Waste Collection (5621), Waste Treatment and Disposal (5622), Materials Recovery Facilities (56292), Hazardous Waste Collection (562112)

SIC

Refuse Systems (4953), General Bldg Contractors - Nonresidential Bldgs (1540)

akta.pro primary industry

Roll-off Dumpster Rental & On-site Container Services (BPALAJAJ)

akta.pro secondary industries

Construction Debris Removal (C&D Hauling) (HSAKALAC), Demolition Debris & Light Tear-Out Cleanouts (HSAKALAN), C&D Recycling Brokerage, Compliance & Reporting (LEED diversion, documentation) (EUAIAHAM), C&D Sorting & Materials Recovery (C&D MRFs) (BPALAJAC), Commercial Junk Removal & Hauling (HSAKALAB)

Keywords

• Specialty construction services
• Demolition contracting
• Earthwork services
• Marine construction services
• Waste management disposal

Headquarters

HQ city

Rogers

HQ country

United States

HQ region

North America

Offices8 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Specialty Construction Services: Veit generates revenue through providing specialty construction services including demolition, foundations, earthwork, utilities, marine services, industrial cleaning, and CIPP. Revenue is project-based, earned through contracts for government, municipal, commercial, industrial, and energy sector clients across the Upper Midwest.
2. Waste Disposal & Roll-off Container Services: Veit operates disposal services through roll-off containers in various sizes (10-40 cubic yards) and affiliated company Vonco for solid waste processing. Revenue comes from waste handling, transportation, and disposal fees for construction/demolition debris and industrial waste.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels9 records

Core offering

Veit & Company is a full-service specialty contractor providing demolition, foundation, earthwork, utility, marine, industrial cleaning, cured-in-place pipelining (CIPP), and disposal services to municipal, government, commercial, and industrial clients across the Upper Midwest. The company operates a large fleet of GPS-guided heavy equipment and integrated waste management operations through its affiliated brand Vonco.

Product overview

Veit & Company, Inc is a full-service specialty contractor offering eight integrated construction and waste management services: Demolition, Foundation, Earthwork, Utility, Marine, Industrial Cleaning, CIPP (Cured-In-Place Pipelining), and Disposal. The company operates a modern fleet of over 600 pieces of heavy equipment with GPS-guided technology for precision grading, complemented by drone mapping capabilities. Their services are supported by affiliated waste management company Vonco for integrated disposal solutions. The company serves municipal, commercial, and industrial clients across the Upper Midwest with both union and non-union workforce.

Differentiator

Problem solved

Functional benefit

Products and services

• Demolition Full-service demolition services including high-reach demolition, blasting demolition, and careful demolition near sensitive structures for commercial, industrial, and municipal clients. Award-winning work, including recognition at the World Demolition Awards.
• Foundation Foundation construction and geotechnical services including pile driving, deep foundations, and retention systems for complex commercial, industrial, and infrastructure projects.
• Earthwork Large-scale earthwork services including excavation, grading, and site preparation using one of the largest GPS-guided equipment fleets in the Midwest for precision grading on complex projects.
• Utility Utility construction services including sewer, water, and underground infrastructure installation using specialized equipment and operators for municipal and commercial clients.
• Marine Underwater construction, commercial diving, hydraulic dredging, and marine services using TUG boats, barges, hydraulic dredges, and amphibious excavators for waterfront and energy clients.
• Industrial Cleaning

Quantifiable outcome

• EMR Rating of 0.66 indicating 34% below industry average safety performance
• +4 more outcomes

Named customers7 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

Feature5 records

Partnerships

23 partnerships are on record, tiered core and minor.

• HCSScoreTechnology or IntegrationHCSS Safety software provides real-time field safety data to help Veit refine safety processes and evolved documentation from paper to electronic format.
• PlanGrid (Autodesk)coreTechnology or IntegrationPlanGrid project management software provides latest project information available to field staff in one location with real-time collaboration capabilities.
• Caterpillar Inc.coreTechnology or IntegrationVeit is one of the largest Caterpillar equipment owner/operators in the United States. Britton Lawson serves on Caterpillar's Excavator and Earthmoving Technology Advisory Panels.
• AGC of MinnesotacoreStrategic or Co-development PartnerPartnership with Associated General Contractors of Minnesota for safety training, industry advocacy, and CHASE safety awards program.
• AGC of WisconsincoreStrategic or Co-development PartnerPartnership with Wisconsin AGC chapter for industry training, safety programs, and construction industry representation.
• Minnesota OSHAcoreStrategic or Co-development PartnerPartnership with Minnesota OSHA for regulatory compliance, safety audits, and CHASE award program participation.
• North Dakota Safety CouncilminorStrategic or Co-development PartnerPartnership with NDSC for safety training and industry representation in North Dakota operations.
• AvettacoreStrategic or Co-development PartnerVendor management and contractor prequalification platform for safety and compliance management.
• ISNcoreStrategic or Co-development PartnerContractor safety management and prequalification platform for evaluating contractor safety performance.
• VeriforcecoreStrategic or Co-development PartnerSafety and compliance verification services for contractor management.
• Gold ShovelscoreStrategic or Co-development PartnerContractor safety prequalification and gold shovel certification for excavation and underground utilities.
• ChaseminorStrategic or Co-development PartnerSafety recognition and training programs.
• Vonco (Affiliated Company)coreStrategic or Co-development PartnerAffiliated solid waste management company for integrated waste solutions through solid waste processing with sustainable environmental practices for construction, demolition, and industrial waste.
• Veit ThreadsminorChannel Partner/ Reseller/ DistributorBranded merchandise partner at veitthreads.com for company apparel and merchandise.
• Central Lakes CollegecoreStrategic or Co-development PartnerRyan Olson serves on advisory board for equipment operator program, helping shape opportunities for future industry professionals.
• Minnesota State University Moorhead (MSUM)coreStrategic or Co-development PartnerMichael Cook is Chair of advisory board for MSUM Construction Management program, helping the next generation get started in construction industry.
• NAWIC (National Association of Women in Construction)coreStrategic or Co-development PartnerKelly Hansen serves on board of NAWIC Minneapolis/St. Paul Chapter, committed to raising awareness of construction career opportunities.
• MBI (Master Builders of Iowa)coreStrategic or Co-development PartnerPartnership with Master Builders of Iowa for safety training, technical skills, and soft skills development programs.
• Associated General Contractors of AmericacoreStrategic or Co-development PartnerKelly Hansen participates on HR Committee and industry panels for workforce development and advocacy.
• Recycling Association of MinnesotacoreStrategic or Co-development PartnerChris Guillemette is involved with RAM for recycling and environmental sustainability initiatives.
• U.S. Green Building CouncilcoreStrategic or Co-development PartnerPartnership for LEED certification and sustainable building practices in construction.
• Solid Waste Administrators AssociationcoreStrategic or Co-development PartnerChris Guillemette serves on the board for solid waste management industry advocacy.
• Rice Creek Watershed DistrictcoreStrategic or Co-development PartnerGovernmental entity that hired Veit for Long Lake Sediment Basin Dredging project to improve waterflow and water conditions.

Scale indicators8 records

Recent moves14 records

Expansion highlights5 records

Broad incumbents

• Stericycle: Nationwide regulated waste management and hazardous waste collection specialist (NASDAQ: SRCL). Overlaps with Veit's industrial cleaning and hazardous material handling services, representing the scaled competitor in regulated waste streams.
• Waste Management Inc. The largest US waste services company (NYSE: WM) with national landfill, hauling, and recycling operations. Provides scale benchmark for C&D disposal economics and sets the bar on enterprise prequalification for industrial and municipal customers Veit serves.
• Republic Services: One of the two largest US waste services companies (NYSE: RSG) operating landfills, transfer stations, and hauling fleets nationally. Overlaps with Veit's disposal and roll-off operations at scale far beyond Veit's regional footprint, defining the competitive ceiling for integrated C&D waste players.
• Casella Waste Systems: Vertically integrated regional solid waste, recycling, and resource management operator (NASDAQ: CWST) active across the Northeast and Midwest. Comparable regional model with similar disposal/collection/transfer asset profile to Veit Disposal Systems and Vonco.

Direct peers

• Mortenson Construction: Minneapolis-headquartered, family-founded specialty contractor operating across civil, sports, energy, and healthcare construction. Comparable Midwest roots, integrated delivery model, and ownership-driven culture with similar scale and customer overlap in municipal and industrial work.
• Ames Construction: Family-owned, Burnsville, MN-based heavy civil specialty contractor offering earthwork, demolition, utilities, and foundations across the Midwest. Comparable scale, ownership structure, and integrated service mix make it the closest analog to Veit within the regional specialty contracting universe.
• Brandenburg Industrial Service Co. Chicago-area demolition and environmental services specialist serving power, industrial, and commercial clients. Directly comparable in the demolition segment where Veit has won World Demolition Awards, with similar geographic overlap in the Midwest industrial corridor.
• Ruhlin Company: Family-owned Ohio-based heavy civil, construction management, and demolition contractor with over 100 years of operation. Comparable diversified specialty contracting platform with similar multi-generational ownership and Midwest operational reach.
• NPL Construction: Utility infrastructure contractor specializing in natural gas distribution and energy construction. Comparable in scale, customer mix, and self-perform operating model to Veit's utility segment, with overlap on municipal and energy sector customers.
• Barton Malow: Employee-owned specialty contractor headquartered in Southfield, MI providing construction management, general contracting, and self-perform services across industrial, energy, and commercial markets. Comparable diversified service platform and culture-driven operating model.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xtwitter.com/usa_veit
• YouTubeyoutube.com/@veitusa?si=DwBYqGCQs0TSwRrY
• Facebookfacebook.com/veitusa/?rf=167531749924586
• LinkedInlinkedin.com/company/veit-and-company-inc
• Instagraminstagram.com/veitusa/?hl=en

Revenue estimate

Valuation estimate

Number of profiles

Profiles16 records

Subsidiaries5 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 Veit & Company, Inc