Sherwood Construction Co., Inc.

What Sherwood Construction Co., Inc. does

Sherwood Construction Co., Inc. is a privately held, family-owned heavy civil construction firm founded in 1934 and headquartered in Tulsa, Oklahoma. Operating through a family of nine subsidiary companies, Sherwood self-performs urban expressways, bridges, concrete and asphalt paving, mass earthwork, site development, drainage, and underground utilities for state departments of transportation, turnpike authorities, cities, counties, and private industrial clients across the Midwest (Oklahoma, Kansas, Colorado, and Nebraska). Revenue is generated project-by-project through competitive bidding on public infrastructure contracts (with single-project values ranging from $35M to $87M) and direct negotiation with private industrial, manufacturing, oil and gas, and food processing clients, with no publicly disclosed pricing or revenue figures.

The company's competitive structure is built on vertical integration: wholly owned materials subsidiaries produce asphalt (Millennial Asphalt), crushed limestone (Greenhill Materials), ready-mix concrete (Greenhill Concrete), spec sand and aggregates (Greenhill Sand, acquired 2021), and rail-transloaded aggregates (Oklahoma Construction Materials), all feeding both internal projects and external contractor sales. Specialty subsidiaries Klaver Construction (concrete box culverts and bridges) and Borton, LC (slip form concrete, millwright, specialty structures) extend the capability set. Sherwood's technology platform includes a fleet of 46 GPS-enabled dozers, motor graders, excavators, and 3D milling/paving sub-grade trimmers, in-house CAD and 3D modeling, two survey managers and four survey crews using Trimble equipment, plus UAV drone and robotic scanner technology for existing-condition capture.

The business is supported by a leadership team including CEO David Sherwood and President Kyle Conaway (promoted from intern), and a workforce of over 900 core employees. Distribution is exclusively direct enterprise: competitive public-sector bidding and private-sector negotiation. The go-to-market relies on long-standing owner relationships (ODOT, Oklahoma Turnpike Authority, City of Tulsa), a self-perform model that controls schedule and quality, and decades-long regional brand equity dating to the founding Sherwood brothers' first truck crane during the Great Depression. The company has remained family-owned with no disclosed external private equity investment.

Name

Sherwood Construction Co., Inc.

Legal name

Sherwood Construction Co., Inc.

Website

https://sherwoodcompanies.com

Company type

Private

Founded year

1934

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Sherwood Construction Co., Inc. is a privately held, family-owned heavy civil construction firm founded in 1934, self-performing highways, bridges, paving, earthwork, and utilities through nine vertically integrated subsidiaries for state DOTs, turnpike authorities, cities, and private industrial clients across the Midwest.

Ownership category

akta.pro rank

Product category

Civil Construction Services

NAICS

Poured Concrete Foundation and Structure Contractors (23811), Asphalt Paving Mixture and Block Manufacturing (324121), Cement and Concrete Product Manufacturing (3273)

SIC

Heavy Construction Other Than Bldg Const - Contractors (1600), Asphalt Paving & Roofing Materials (2950), Concrete Products, Except Block & Brick (3272)

akta.pro primary industry

Recycled Aggregates & C&D Materials Processing (RCA, RAP, Glass Aggregate) (IMAKAHAI)

Keywords

• Civil construction services
• Highway construction
• Earthwork and paving
• Bridge construction
• Construction materials supply

Headquarters

HQ city

Wichita

HQ country

United States

HQ region

North America

Offices10 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Civil Construction Services: Project-based revenue from civil construction projects including earthwork, structures, paving, and specialty services. Projects range from $35 million to $87 million for major infrastructure contracts. Revenue is generated through competitive bidding on public infrastructure projects (state DOTs, turnpikes, cities, counties) and direct negotiation with private industrial clients.
2. Construction Materials Supply: Through subsidiary companies (Oklahoma Construction Materials, Millennial Asphalt, Greenhill Materials, Greenhill Concrete, Greenhill Sand), the company produces and sells construction aggregates, asphalt products, concrete, and sand to both internal divisions and external contractors.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

Sherwood Construction Co., Inc. (doing business as Sherwood Companies) is a family-owned civil construction firm that self-performs earthwork, concrete and asphalt paving, bridges and structures, urban expressways, site development, drainage, and underground utilities. Through nine subsidiary companies spanning the Midwest, it also produces and sells asphalt, crushed limestone aggregates, ready-mix concrete, and construction sand, delivering projects via design-bid-build, design-build, and EPC methods to public agencies and private industrial clients.

Product overview

Sherwood Companies is a parent organization comprising nine subsidiary companies that together form a vertically integrated civil construction enterprise spanning the Midwest. The core operating company, Sherwood Construction Co., Inc. (founded 1934), self-performs earthwork, concrete and asphalt paving, civil and structural concrete, rock excavation, piling and sheet piling, subgrade stabilization, and water/wastewater treatment facilities. Complementary subsidiaries provide integrated material sourcing: Millennial Asphalt produces asphalt products, Greenhill Materials supplies crushed limestone, Greenhill Concrete delivers ready-mix concrete, Greenhill Sand provides spec sand and aggregates, and Oklahoma Construction Materials handles rail transload of construction aggregates. Wildcat Construction Co., Inc. extends geographic coverage across Kansas and Colorado. Specialty contractors Klaver Construction (concrete box culverts and bridges) and Borton LC (slip form concrete and specialty structures) serve niche construction needs. This structure enables Sherwood to control the full construction supply chain from raw materials through final construction.

Differentiator

Problem solved

Functional benefit

Products and services

• Civil Construction Services
• Asphalt Products

Quantifiable outcome

• Delivered $87 million I-44/U.S.75 Interchange project - the single largest highway construction project award in Tulsa history
• +2 more outcomes

Named customers6 records

Segments4 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Five partnerships are on record, tiered core and supporting.

• Crossland ConstructioncoreStrategic or Co-development PartnerCrossland Construction served as the prime contractor on The Gathering Place project - a 100-acre world-class public park development in Tulsa. Sherwood Companies worked as a subcontractor providing civil construction services including earthwork, drainage, and walkway stabilization under this partnership.
• Michael Van Valkenburgh Associates (MVVA)coreStrategic or Co-development PartnerMVVA was the project architect and manager for The Gathering Place public park project. Sherwood Companies worked closely with MVVA to ensure construction met the architect's design standards for this award-winning park development.
• Oklahoma Turnpike AuthoritycoreStrategic or Co-development PartnerOngoing strategic partnership on turnpike construction and widening projects including Turner Turnpike and the interconnection with the Creek Turnpike. Projects involve major infrastructure improvements to Oklahoma's turnpike system.
• Trimble Technology Co. Inc.supportingTechnology or IntegrationTrimble provides survey technology equipment used by Sherwood's Survey Group. Two survey managers and four survey crews use Trimble tools for accurate placement of all project features across civil construction projects.
• Freese & NicholssupportingStrategic or Co-development PartnerEngineering and consulting firm that has worked with Sherwood on projects including the Inner Dispersal Loop in downtown Tulsa. Provided testimonial praising Sherwood's GPS/Survey work and technology capabilities.

Scale indicators6 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Duit Construction: Edmond, OK-based heavy civil contractor performing earthwork, utilities, paving, and structures across Oklahoma and surrounding states. Similar self-perform model and competing head-to-head for ODOT and municipal contracts in Sherwood's primary geography.
• Crossland Construction Company: Tulsa, OK-based general contractor and heavy civil builder. Already partnered with Sherwood on The Gathering Place project, operating in the same geography with overlapping self-perform earthwork, paving, and structure capabilities — directly comparable customer base and project profile.
• Sterling Construction Company: Texas-based publicly traded heavy civil construction company focused on transportation, water, and specialty services across the Sun Belt. Operates in many of the same state DOT markets as Sherwood, with similar earthwork, paving, and bridge capabilities at slightly larger scale.
• TTK Enterprises: Oklahoma-based heavy highway and bridge contractor serving ODOT, OTA, and municipal clients. Comparable self-perform capability on interchange, paving, and earthwork projects in the same Midwest market as Sherwood.
• Manhattan Road & Bridge: Oklahoma-headquartered heavy highway and bridge contractor serving ODOT and Oklahoma Turnpike Authority. Directly competes for the same public interchange, bridge, and roadway projects in the same regional market as Sherwood Construction and Wildcat Construction.

Broad incumbents

• Granite Construction: Large national heavy civil contractor with vertically integrated materials (aggregates, asphalt) operations — directly analogous to Sherwood's vertically integrated model but at national scale. Competes for state DOT projects and operates own quarries/asphalt plants like Sherwood's subsidiaries.
• Martin Marietta Materials: One of the largest U.S. producers of aggregates and heavy building materials. Comparable to Sherwood's vertically integrated materials business (Greenhill Materials, Oklahoma Construction Materials) but at national scale — illustrates both the strategic logic of vertical integration and the scale Sherwood would need to compete on materials beyond its region.
• Balfour Beatty US Civil Construction: Major civil contractor operating across the U.S. on highway, bridge, rail, and water infrastructure projects. Competes with Sherwood for state DOT and turnpike authority work in multiple states, but at significantly larger scale and with broader geographic reach.

Regional players

• Dolese Bros. Co. Oklahoma's largest producer of ready-mix concrete and aggregates — directly comparable to Sherwood's Greenhill Concrete and Greenhill Materials subsidiaries in the same geography. As a regional materials peer, Dolese competes for the same external aggregates/concrete sales that complement Sherwood's vertically integrated materials business.
• APAC-Central Inc. Oklahoma and Arkansas-based asphalt and aggregate producer serving state DOT and private paving customers. Directly comparable to Sherwood's Millennial Asphalt and Greenhill Materials operations in the same regional market.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/sherwoodcompanies
• LinkedInlinkedin.com/company/sherwood-construction-co.-inc.

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Subsidiaries8 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 Sherwood Construction Co., Inc.