T.B. Penick and Sons, Inc.

Name

T.B. Penick and Sons, Inc.

Legal name

T.B. Penick & Sons, Inc.

Website

https://tbpenick.com

Company type

Private

Founded year

1905

Operating status

Operating

Headcount range

251–500 employees

Ownership category

akta.pro rank

Headquarters

HQ city

San Diego

HQ country

United States

HQ region

North America

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Supply Chain, Operations, Infrastructure, Marketing or Sales, Others

Revenue model

1. General Construction Services: Full-service general construction including new builds, renovations, and upgrades for commercial, public, and residential projects across diverse market sectors.
2. Design-Build Services: Integrated design-build delivery method combining design and construction under single contract, offered alongside lease-leaseback and CM at Risk delivery methods.
3. Construction Management: Agency CM and CM at Risk construction management services managing project schedules, budgets, and coordination.
4. Structural Concrete and Innovative Concrete Systems: Self-perform capabilities for structural concrete and innovative architectural concrete solutions, delivered through dedicated subsidiary.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

T.B. Penick & Sons is a self-performing general construction firm that delivers commercial, public, and residential projects across the U.S. and internationally using multiple delivery methods including design-build, lease-leaseback, CM at Risk, agency CM, and negotiated general contracting. Its core offerings are general construction, design-build, construction management, self-perform structural concrete, and specialized architectural concrete solutions delivered through the T.B. Penick Innovative Concrete Systems subsidiary.

Product overview

T.B. Penick & Sons is a general construction firm offering a unified portfolio of services centered around construction delivery. The core offerings include General Construction, Design-Build, Construction Management (with CM at Risk, agency CM, and negotiated contracting), and Structural Concrete services. These are complemented by the specialized T.B. Penick Innovative Concrete Systems division for architectural concrete solutions. The company also leverages BIM (Building Information Modeling) methodologies and serves diverse market sectors including aquatic, civic, entertainment, gaming, healthcare, higher education, hospitality, industrial, K-12, and others. Services are delivered across multiple delivery methods including lease-leaseback and design-build.

Differentiator

Problem solved

Functional benefit

Brands

• T.B. Penick Innovative Concrete Systems: Specialized division providing innovative and architectural concrete solutions

Products and services

• General Construction Full-service general construction capabilities for commercial, public, and residential projects across diverse market sectors including aquatic, civic, entertainment, gaming, healthcare, higher education, hospitality, industrial, K-12, multifamily, and sports.
• Design-Build Integrated design-build delivery method combining design and construction under a single contract, offered to clients seeking unified accountability for both design and execution phases.
• Construction Management Professional construction management services delivered through CM at Risk, agency CM, and negotiated general contracting methods, managing project schedules, budgets, and coordination across diverse market sectors.
• Structural Concrete Self-perform structural concrete capabilities provided as part of the company's integrated construction services, reducing reliance on external subs and giving clients tighter schedule and quality control.
• T.B. Penick Innovative Concrete Systems Specialized architectural concrete solutions and innovative concrete systems offered as a distinct division (T.B. Penick Innovative Concrete Systems), serving clients needing proprietary concrete expertise beyond standard structural work.

Named customers7 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Scale indicators3 records

Recent moves1 record

Expansion highlights1 record

Direct peers

• McCarthy Building Companies: 100% employee-owned US general contractor with self-perform concrete capabilities and a diverse mix of healthcare, education, civic, and commercial work. Closely comparable on ownership structure (private, employee-owned) and delivery method breadth.
• Swinerton: California-headquartered general contractor founded in 1888 with similar self-perform concrete capabilities and a comparable mix of commercial, civic, and entertainment work. Closely mirrors T.B. Penick's West Coast base and general contracting plus specialty concrete positioning.
• DPR Construction: National technical builder with strong self-perform capabilities, including concrete, and a track record on complex healthcare, entertainment, and mission critical projects. Highly comparable business model emphasizing self-perform, BIM, and integrated delivery.
• Hensel Phelps: Employee-owned general contractor delivering design-build, CM at Risk, and design-bid-build projects across aviation, healthcare, education, and civic sectors. Directly comparable on delivery methods and vertical diversification.
• Walsh Construction: Family-influenced US general contractor with self-perform capabilities and a diversified building portfolio. Comparable business profile as a private, multi-generational builder serving commercial, civic, and institutional owners.
• Clark Construction Group: Major US general contractor delivering large-scale commercial, civic, and institutional projects with self-perform capabilities. Comparable on delivery method breadth (design-build, CM at Risk, GMP) and on the ability to bid landmark public and private projects nationwide.

Broad incumbents

• Skanska USA: US arm of global contractor with deep nonresidential building and civil infrastructure capabilities. Competes on large civic, healthcare, and commercial projects with comparable emphasis on sustainability and BIM-driven delivery.
• AECOM: Global infrastructure and construction services firm competing on large civic, transportation, and commercial programs. Represents the incumbent scale competitor T.B. Penick encounters on the largest design-build and program management pursuits.
• Turner Construction Company: Largest US general contractor operating across virtually all nonresidential verticals with design-build and construction management services. Competes with T.B. Penick on virtually every commercial, civic, and entertainment pursuit but at meaningfully greater scale.

Emerging players

• Lithko Contracting: National concrete specialty contractor focused on foundations, slabs, and structural concrete packages. Closely comparable to T.B. Penick Innovative Concrete Systems and a useful benchmark for the subsidiary's specialty concrete economics.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat1 record

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/tb-penick-sons-inc-180495291989369
• LinkedInlinkedin.com/company/t.b.-penick-and-sons-inc.

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries1 record

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 T.B. Penick and Sons, Inc.