What Rieth-Riley Construction Co., Inc. does

Rieth-Riley Construction Co., Inc. is a 100% employee-owned (ESOP) horizontal construction company founded in 1916 in Goshen, Indiana, specializing in asphalt and concrete paving, aggregate production, and site development across Indiana and Michigan. The company operates approximately 28 asphalt plants, multiple company-owned aggregate quarries and pits, three docks, and recycling/crushing operations, delivering DOT-certified Hot Mix Asphalt (HMA), Warm Mix Asphalt (WMA), Stone Matrix Asphalt (SMA), Superpave, and ultrathin overlay products alongside construction services. Its customer base spans state departments of transportation (notably INDOT), counties, municipalities, commercial developers, aviation authorities, and residential clients, with named enterprise customers historically including Ford, General Motors, Memphis International Airport, Amazon, Meijer, Menards, Chick-fil-A, and McDonald's.

The business operates a project-based, contract-driven revenue model with three streams: construction services (project-based, recognized on completion), materials supply (asphalt and aggregate priced per ton/cubic yard), and design-build delivery (integrated design and construction, including the $250 million Indiana Toll Road reconstruction JV with Ferrovial Agroman in 2006). Go-to-market relies on competitive bidding for government contracts, quote-based commercial work, and relationship-driven regional account management through a 40+ location footprint in Indiana and Michigan. The company has executed over twenty acquisitions since 1999—including Keiser & Keiser (1999), Laman Asphalt (2000), H&D (2005), Consumers Asphalt (2006), South Lake Stone (2010), Shelly & Sands plants (2012), Kasson Sand & Gravel (2016), Central Dock (2020), Town & Country (2021), Phend & Brown (2022), and Superior Asphalt assets (2023)—consolidating plant capacity, aggregate reserves, and geographic reach.

Ownership is structured as a 100% ESOP, completed in 1992 when the Rieth family sold its remaining 50% stake to the employee trust, with a Silver ESOP Award (2011) from The ESOP Association. Operations are certified under DOT material standards, repeatedly recognized with ICI Platinum and Gold Safety Awards (multiple years 2014–2021), and were the subject of a 1993 Sheldon Hayes Award (National Asphalt Paving Association) for Ford's Arizona Proving Grounds. The company is currently operating in active status as of 2025–2026.

Name

Rieth-Riley Construction Co., Inc.

Legal name

Rieth-Riley Construction Co., Inc.

Website

https://rieth-riley.com

Company type

Private

Founded year

1916

Operating status

Operating

Headcount range

251–500 employees

Short description

Rieth-Riley Construction Co., Inc. is a 100% employee-owned (ESOP) asphalt and concrete paving contractor and aggregate supplier founded in 1916, serving state DOTs, municipalities, commercial developers, aviation, and residential clients across Indiana and Michigan.

Ownership category

akta.pro rank

Product category

Heavy Highway and Civil Construction

NAICS

Heavy and Civil Engineering Construction (237), Construction (23)

SIC

Heavy Construction Other Than Bldg Const - Contractors (1600), Construction - Special Trade Contractors (1700), General Bldg Contractors - Nonresidential Bldgs (1540)

akta.pro primary industry

Construction Aggregates Mining & Processing (Sand, Gravel, Crushed Stone) (IMADAAAI)

akta.pro secondary industry

Construction Management (Agency/Owner’s Rep) (IMAFAAAC)

Keywords

• Asphalt paving
• Heavy highway construction
• Concrete paving
• Aggregate supply
• Site development

Headquarters

HQ city

Goshen

HQ country

United States

HQ region

North America

Offices20 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Supply Chain, Operations, Infrastructure, Others

Revenue model

1. Construction Services: Project-based revenue from asphalt paving, concrete paving, site development, and structures construction for government and commercial clients. Revenue recognized upon project completion with contract-based pricing.
2. Materials Supply: Sale of asphalt materials (HMA, WMA, SMA), aggregate materials, and recycled products to third-party contractors and for internal use.
3. Design-Build Projects: Integrated design and construction services under design-build delivery method, as demonstrated by projects like I-65 rebuild and Indiana Toll Road reconstruction.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels8 records

Core offering

Rieth-Riley Construction Co., Inc. is a heavy-civil and highway construction contractor that self-performs asphalt paving, concrete paving, aggregate production, site development, and bridge/structural construction. The company serves state departments of transportation, municipalities, and private commercial/industrial clients across Indiana and Michigan from its headquarters in Goshen, Indiana, and is 100% employee-owned through an ESOP.

Product overview

Rieth-Riley Construction Co., Inc. is a 100% employee-owned asphalt paving and construction company operating across Indiana and Michigan. The company operates as a unified construction services provider with Asphalt Paving Services as its core offering, supplemented by Concrete Paving, Site Development, and Structures divisions. Its product portfolio includes Plant Mixed Asphalt Supply (Hot Mix Asphalt), Aggregate Supply, and Recycled Materials. The company has expanded through acquisitions including Phend & Brown, Inc. (2022), Town & Country Construction (2021), Kasson Sand & Gravel (2016), and South Lake Stone (2010). Services are delivered through a network of 9 Indiana offices, 13 Indiana plants, 8 Michigan offices, 15 Michigan plants, 3 docks, and additional aggregate operations, serving commercial, municipal, and state clients.

Differentiator

Problem solved

Functional benefit

Brands

• Phend & Brown, Inc. Acquired company operating as subsidiary, providing asphalt paving services in northern Indiana.
• South Lake Stone
• Town and Country Paving
• Kasson Sand & Gravel

Products and services

• Asphalt Paving

Quantifiable outcome

• Over 100 years in business with continued growth through acquisitions and geographic expansion
• +2 more outcomes

Named customers7 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

Nine partnerships are on record, tiered minor and core.

• CLee ConstructionminorOthers · 1 January 2025Collaborated with CLee Construction on Gary, Indiana Neighborhood Stabilization initiative - voluntary demolition work partnership.
• Hasse ConstructionminorOthers · 1 January 2025Partnered with Hasse Construction on Gary Neighborhood Stabilization demolition initiative.
• Actin Inc.minorOthers · 1 January 2025Participated in Gary Neighborhood Stabilization initiative alongside Actin Inc.
• RMD ConstructionminorOthers · 1 January 2025Collaborated on Gary Neighborhood Stabilization demolition efforts.
• Superior ConstructionminorOthers · 1 January 2025Long-term partner on community initiatives including Gary Neighborhood Stabilization. Previously partnered on Borman Expressway resurface project (1997) and Indiana Toll Road project (2006 joint venture).
• Lake County Highway DepartmentminorOthers · 1 January 2025Collaborated with Lake County Highway Department on Gary Neighborhood Stabilization demolition initiative.
• Civil Construction Pathway ProgramcoreOthers · 12 July 2023Partnership with Indiana Department of Education-recognized Civil Construction Pathway program to expose high school students to civil construction careers. Rieth-Riley donates equipment, provides hands-on learning opportunities, and supports the Sandbox Arena initiative.
• MacAllister MachineryminorOthers · 12 July 2023Equipment donation partner for Civil Construction Pathway/Sandbox Arena - donated heavy machinery for student hands-on training.
• Ferrovial Agroman Indiana LLCcoreStrategic or Co-development Partner · 1 January 2006Joint venture partner for $250 million Indiana Toll Road reconstruction project in Lake and Porter counties (2006). Design-build expansion of Borman Expressway (2007).

Scale indicators7 records

Recent moves8 records

Expansion highlights5 records

Direct peers

• E&B Paving: Indiana-headquartered asphalt paving and construction contractor with similar mix of highway, commercial, and residential paving plus materials supply. Directly competes with Rieth-Riley for INDOT contracts and commercial site work across Indiana.
• Milestone Contractors: Indiana-based heavy/highway contractor (subsidiary of Sterling Infrastructure) performing asphalt paving, concrete, site development, and bridge construction. Competes head-to-head with Rieth-Riley for INDOT and municipal work throughout Indiana.
• Brooks Construction Company: Fort Wayne-based asphalt paving, site development, and aggregate producer serving Indiana, Ohio, and Michigan. Direct regional peer overlapping Rieth-Riley's highway and commercial paving footprint.
• Irving Materials Inc. (IMI): Indiana-headquartered producer of ready-mix concrete, aggregates, and asphalt with paving operations. Comparable vertically integrated materials-plus-construction model serving overlapping Indiana/Midwest markets.
• Superior Construction: Indiana-based heavy civil contractor performing highway, bridge, and aviation construction. Long-time JV partner of Rieth-Riley on the Indiana Toll Road and Borman Expressway projects; competes in overlapping DOT prequalification pool.
• US Aggregates: Indiana-based aggregate producer with asphalt and paving operations across the Midwest. Comparable aggregate-plus-paving vertically integrated model competing for materials supply and paving contracts in Rieth-Riley's core geographies.

Broad incumbents

• Granite Construction Incorporated: Large national heavy civil and materials contractor with vertically integrated aggregate operations. Increasingly competing in Indiana/Michigan DOT bids, leveraging broader bonding and design-build capacity than Rieth-Riley.
• Sterling Infrastructure Inc. National heavy civil, transportation, and infrastructure services firm (parent of Milestone Contractors). Competes directly with Rieth-Riley for Indiana DOT work via Milestone, with broader portfolio and scale.
• Vulcan Materials Company: Largest U.S. producer of construction aggregates with asphalt and paving operations across multiple states. National-scale incumbent competing with Rieth-Riley on aggregate supply and large highway paving bids in adjacent states.
• Summit Materials Inc. Vertically integrated construction materials company with aggregates, cement, ready-mix, and asphalt operations across the Midwest. Comparable vertically integrated business model with broader geographic footprint than Rieth-Riley.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/wtpartners
• YouTubeyoutube.com/channel/UCYkvDjgWVyUlScMG73sMjvQ
• Facebookfacebook.com/webtrafficpartners
• LinkedInlinkedin.com/company/web-traffic-partners
• Instagraminstagram.com/riethriley
• TikToktiktok.com/@riethrileyconstruction

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries14 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 Rieth-Riley Construction Co., Inc.