L.D. Russo

What L.D. Russo does

L.D. Russo, Inc. is a family-owned Massachusetts construction management and general contracting firm founded in 1977 by Lou Russo as a painting business and progressively expanded into general contracting, sitework, and property development. The company is currently led by founder Lou Russo's daughter Elena Russo as CEO alongside her husband Nat Coughlin, and operates as a women-owned business following the generational leadership transition. Headquartered in North Andover with a secondary office in Newburyport, the firm employs 11-50 people and serves Massachusetts and the broader New England region.

L.D. Russo's core services span general contracting, construction management, preconstruction planning, sitework and earthwork, property development, and project budget analysis support. The firm has developed a distinctive specialization in Passive House (PHIUS/PHI) construction, including energy efficiency, climate resilience, thermal regulation, and sound management, and is an early adopter with staff holding Passive House certifications. Its portfolio is anchored in affordable housing development using LIHTC and Historic Tax Credit financing, municipal public buildings (fire stations, police headquarters, town halls, senior centers), educational facilities, and healthcare projects, including the first Passive House school building in Massachusetts (The Waring School, 2023).

The company generates revenue through project-based contracts delivered via a sales-led, direct client engagement model targeting government entities, nonprofit community developers, and private clients. Pricing is project-specific and quote-based with no published rate cards. Distribution is direct, supported by a website portfolio, LinkedIn, and Instagram presence used primarily for top-of-funnel brand development, with bottom-of-funnel conversion occurring through direct consultation. The company maintains long-term development partnerships with key nonprofit clients such as YWCA Greater Newburyport and design collaborations with ICON Architects and OPAL Architects on Passive House projects.

Name

L.D. Russo

Legal name

L.D. Russo, Inc.

Website

https://ldrusso.com

Company type

Private

Founded year

1977

Operating status

Operating

Headcount range

11–50 employees

Short description

L.D. Russo is a Massachusetts-based, family-owned construction management and general contracting firm specializing in Passive House construction, affordable housing (LIHTC), and municipal public buildings, serving nonprofit developers, government entities, and private clients across New England.

Ownership category

akta.pro rank

Product category

Construction Services

NAICS

Commercial and Institutional Building Construction (23622), Nonresidential Building Construction (2362)

SIC

General Bldg Contractors - Nonresidential Bldgs (1540), General Bldg Contractors - Residential Bldgs (1520)

akta.pro industry

PRIMARYIMAFACAA

Office & Corporate Building Construction

Industrials, Manufacturing & Construction/Construction & Civil Engineering/Commercial & Institutional Building Construction

Keywords

• General contracting services
• Construction management
• Passive house construction
• Affordable housing development
• Preconstruction services

Headquarters

HQ city

Harvard

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. General Contracting Services: Revenue generated from overseeing all phases of construction projects, including coordination with subcontractors and suppliers to deliver quality construction results.
2. Construction Management Services: Expert team ensures projects are completed on time and within budget, offering transparency and flexibility for project owners.
3. Preconstruction Services: Thorough planning, cost estimation, and scheduling services that set the stage for successful construction builds.
4. Property Development: Property development services including navigating unique project challenges, with particular focus on partnering with nonprofit developers of affordable housing.
5. Sitework and Earthwork Services: Comprehensive sitework including excavation, grading, utility installation, and site development to prepare construction foundations.
6. Affordable Housing Development: Addressing housing crisis through extensive experience in LIHTC projects, Historic Tax Credits, and unique needs of affordable housing developers in Massachusetts.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

L.D. Russo is a Massachusetts-based construction firm that delivers general contracting, construction management, preconstruction, sitework, property development, and project budget analysis services. The firm specializes in Passive House (PHI/PHIUS) construction methods focused on energy efficiency, climate resilience, thermal regulation, atmospheric control, and sound management. It has deep expertise in affordable housing development, including LIHTC-funded projects and Historic Tax Credit developments.

Product overview

L.D. Russo is a Massachusetts-based construction firm offering a unified suite of construction and development services. The company operates as a single integrated offering centered around general contracting, construction management, and property development, complemented by specialized Passive House construction expertise and affordable housing development. Services include preconstruction planning, sitework, and budget analysis support. The portfolio spans diverse project types including passive house builds, affordable housing (LIHTC, Historic Tax Credit projects), municipal buildings (town halls, fire stations, police headquarters, senior centers), commercial facilities, and multi-family residential developments.

Differentiator

Problem solved

Functional benefit

Products and services

• General Contracting

Quantifiable outcome

• First Passive House (PHI) school building in Massachusetts completed at The Waring School (12,700 s.f.)
• +2 more outcomes

Named customers9 records

Segments4 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

Feature1 record

Partnerships

Six partnerships are on record, tiered core and minor.

• YWCA Greater NewburyportcoreStrategic or Co-development PartnerLong-term partnership with YWCA Greater Newburyport for property development. Started with 11 Market St Apartments (2013) and continued with YWCA Residences at Ingalls Court - a two-phase, 96-unit senior affordable housing project. L.D. Russo serves as developer and general contractor, with project supported by LIHTC and EOHLC funding.
• ICON ArchitectscoreTechnology or IntegrationDesign partner for multiple Passive House projects including YWCA Residences at Ingalls Court and 555 Merrimack. ICON Architects specializes in Passive House (PHIUS) design, working with L.D. Russo on affordable housing developments in Massachusetts.
• North Shore Community DevelopmentcoreStrategic or Co-development PartnerDeveloper partner for Lighthouses project in Salem's 'El Punto' neighborhood. L.D. Russo served as general contractor for 46-unit Passive House project that includes Salem Pantry's 'The Market' and community art gallery spaces.
• OPAL ArchitectscoreTechnology or IntegrationDesign partner for The Waring School - the first Passive House (PHI) school building in Massachusetts. OPAL Architects designed the award-winning 12,700 s.f. facility that received AIA Maine 2023 Honor Award and Passive House Network's 2023 Climate Design Award.
• Element CareminorStrategic or Co-development PartnerPACE program provider occupying commercial space in YWCA Residences at Ingalls Court Phase 1, offering comprehensive health services to senior residents.
• Coalition for a Better AcrecoreStrategic or Co-development PartnerDeveloper partner for 555 Merrimack project in Lowell - 27 units of affordable housing for residents recovering from Substance Use Disorder. L.D. Russo constructing Passive House (PHIUS) designed project with 1700 s.f. commercial laundromat.

Scale indicators9 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Tocci Building Corporation: Massachusetts-based construction manager and general contractor with deep Passive House and high-performance building expertise. Tocci is one of L.D. Russo's closest direct peers, both firms serving New England commercial, institutional, and multifamily clients with overlapping preconstruction and CM service lines.
• BUILT IN (formerly CTA Construction): Massachusetts general contractor with strong multifamily residential, affordable housing, and municipal project portfolio across New England. Both L.D. Russo and BUILT IN repeatedly compete for similar LIHTC-funded affordable housing and municipal construction bids in the same geography.
• Consigli Construction Co. Mid-Atlantic and New England general contractor and construction manager with sizable presence in Massachusetts multifamily, affordable housing, and institutional buildings. Consigli is a frequent co-bidder on the same municipal and nonprofit-driven projects L.D. Russo targets.
• Dellbrook | JKS: Massachusetts-based construction manager and general contractor with a portfolio of multifamily residential, commercial, and institutional projects. Competes with L.D. Russo for similar Massachusetts public and private general contracting opportunities.
• Lee Kennedy Company: Massachusetts-based commercial general contractor with multifamily, hospitality, healthcare, and office work. Competes regionally with L.D. Russo on similar private commercial and institutional builds.
• Commodore Builders: Massachusetts-based general contractor focused on healthcare, life sciences, and institutional work in the Greater Boston area. Overlaps with L.D. Russo on healthcare and institutional projects (e.g., UMass Memorial type work) in the same regional market.
• ICA Construction / NEI General Contracting: Massachusetts-affiliated general contracting firm focused on affordable housing, multifamily, and institutional construction, frequently delivering LIHTC-funded projects in the region. Closely comparable to L.D. Russo's affordable housing and nonprofit developer-focused business.

Broad incumbents

• Suffolk Construction: Large national general contractor headquartered in Boston with significant healthcare, commercial, and institutional building work in Massachusetts. Overlaps with L.D. Russo on healthcare and municipal bids but at a substantially larger scale and broader geographic footprint.
• Shawmut Design and Construction: Boston-headquartered national general contractor with strong healthcare, education, and commercial portfolios. Often competes with L.D. Russo for institutional and healthcare construction work in Massachusetts.

Regional players

• Bond Brothers (BOND Civil & Utility Construction): Massachusetts-based general contractor with civil, utility, and building construction work across New England. Overlaps with L.D. Russo on certain municipal and sitework scopes but primarily a heavier-civil mix.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/l-d-russo-inc
• Instagraminstagram.com/l.d.russo

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 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 L.D. Russo