PDM Precast

What PDM Precast does

PDM Precast, Inc. is a 100% employee-owned (ESOP since July 2019) Midwest specialty trade contractor founded in 2012 in Des Moines, Iowa, operating from four sites — Des Moines HQ (220 SE 6th Street, Suite 100), a Kansas City regional office in Shawnee, KS, a precast production facility in Des Moines (Granger Avenue), and a steel and glass production facility in Carlisle, IA. The company delivers a bundled superstructure offering to general contractors and project owners across Iowa, Nebraska, Minnesota, Kansas, North Dakota, and Arkansas.

Its core products fall into three lines, all designed, fabricated, and erected in-house: (1) PCI-certified structural and architectural prestressed/precast concrete including wall panels, columns, beams, double tees, hollowcore slabs, insulated wall panels, and architectural cladding; (2) AISC-certified structural and miscellaneous steel fabrication supported by nearly 24/7 beamline operations and CNC foam processing for insulated panel production; and (3) commercial glass and glazing systems added in December 2022 via the asset acquisition of KB Custom Glass. Field erection services accompany all fabrication output.

PDM makes money through project-based, quote-driven contracts billed as one-time engagements with multi-year master arrangements on repeat business with named general contractors (Turner Construction, CD Smith, Opus Group, Neumann Brothers, Baker Group). Pricing is custom per project scope, tonnage, and specifications. The company grew from 29 founding employees in 2012 to approximately 200 in 2023, with steel fabricator headcount up 92% in roughly 18 months and concrete/steel production volumes up 31% and 45% respectively between 2021 and 2022 — indicators of absorbed capacity and project backlog across manufacturing, data center, distribution/warehouse, municipal, education, and mixed-use segments. Leadership transitioned in July 2023, with co-founder Adam Petersen moving to CEO/Chairman and Luke Petersen becoming President.

Name

PDM Precast

Legal name

PDM Precast, Inc.

Website

https://pdmprecast.com

Company type

Private

Founded year

2012

Operating status

Operating

Headcount range

101–250 employees

Short description

PDM Precast is a 100% employee-owned Midwest specialty trade contractor that designs, fabricates, and erects PCI-certified precast concrete, AISC-certified structural and miscellaneous steel, and commercial glass and glazing as single-source building superstructures for general contractors across Iowa, Nebraska, Minnesota, and surrounding states.

Ownership category

akta.pro rank

Product category

Precast Concrete and Structural Steel Manufacturing

NAICS

Cement and Concrete Product Manufacturing (3273), Prefabricated Metal Building and Component Manufacturing (332311), Structural Steel and Precast Concrete Contractors (23812)

SIC

Concrete Products, Except Block & Brick (3272), Prefabricated Metal Buildings & Components (3448)

akta.pro primary industry

Precast Concrete Products (IMADAAAB)

Keywords

• Precast concrete manufacturing
• Structural steel fabrication
• Commercial glazing systems
• Building superstructure solutions
• Prestressed concrete products

Headquarters

HQ city

Des Moines

HQ country

United States

HQ region

North America

Offices4 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Precast Concrete Products and Installation: Fabrication and erection of structural prestressed/precast concrete including wall panels, columns, beams, double tees, hollowcore slabs, and architectural precast cladding for construction projects
2. Structural Steel Fabrication: AISC-certified fabrication of structural steel frames, miscellaneous steel (stairs, rails, canopies, trash enclosures), and steel support structures. Projects range from 1 ton to 2,300+ tons with high-skill fabricators completing assemblies from start to finish
3. Glass and Glazing Services: Commercial glass storefronts, window installation, and glazing services for commercial construction projects, added in December 2022

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels6 records

Core offering

PDM Precast manufactures and erects structural and architectural precast/prestressed concrete, AISC-certified structural and miscellaneous steel, and commercial glass and glazing products for building superstructures in the Midwest United States. The company serves as a single-source provider, offering design-assist, fabrication, and field erection services directly to general contractors and project owners on commercial, industrial, institutional, and data center construction projects.

Product overview

PDM is a Midwest-based construction materials manufacturer offering three integrated core product lines: (1) Precast Concrete (structural and architectural prestressed/precast concrete, including wall panels, columns, beams, double tees, hollowcore, and insulated panels), (2) Structural and Miscellaneous Steel (AISC-certified fabrication and erection), and (3) Glass & Glazing (commercial storefronts and window systems). The company positions itself as a single-source provider for building superstructures, allowing customers to use fewer subcontractors. All products are designed, manufactured, and erected by PDM's own workforce across the greater Midwest region.

Differentiator

Problem solved

Functional benefit

Products and services

• Structural Precast Concrete

Quantifiable outcome

• Production growth from 41,032 to 53,643 cubic yards of concrete (31% increase)
• +3 more outcomes

Named customers20 records

Segments9 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Nine partnerships are on record, tiered core and minor.

• Kyle Bettis / KB Custom GlasscoreStrategic or Co-development Partner · 31 December 2022Acquisition of glass and glazing business assets and hiring of Kyle Bettis with 20 years of construction experience to launch PDM Glass division. Enables PDM to offer glass and glazing products and installation services.
• Baker GroupcoreStrategic or Co-development PartnerMechanical contractor partnership on Applied Digital Phase 2 data center project in Ellendale, North Dakota. PDM provided over 413 tons of steel skids, racks and structures to Baker Group totaling over 7,300 hours of labor.
• Turner ConstructioncoreStrategic or Co-development PartnerGeneral contractor partner on multiple projects including Project Morgan data center in Waukee and Des Moines University Campus. Project Morgan involves 1,800+ cubic yards of concrete and 1,950+ tons of steel.
• Opus Group/The Opus GroupcoreStrategic or Co-development PartnerConstruction partnership on multiple warehouse projects including Climate By Design in Owatonna, MN and River Road warehouse in Council Bluffs, IA.
• Neumann Brothers ConstructioncoreStrategic or Co-development PartnerGeneral contractor partner on 3750 On Grand project ($39.8M residential development) where PDM provided all superstructure elements including structural and architectural precast, structural and miscellaneous steel, and erection.
• CD Smith ConstructioncoreStrategic or Co-development PartnerGeneral contractor partner on Sub-Zero Manufacturing Facility project in Cedar Rapids - PDM's largest steel project at 3,405 tons.
• Des Moines Area Community College (DMACC)minorImplementation/ SI/ Consulting PartnerEducational partnership for workforce development. Hosted tour of metals facility with DMACC fabricator students for recruitment and community engagement.
• VarietyminorStrategic or Co-development PartnerPlatinum-level charitable partner receiving $5,000+ donations. PDM has built bikes for Variety events and participated in their programs.
• Make-A-Wish FoundationminorStrategic or Co-development PartnerAnnual participant in Jolly Holiday Lights sponsorship, helping grant approximately 90 wishes per year.

Scale indicators13 records

Recent moves12 records

Expansion highlights6 records

Broad incumbents

• Jensen Precast: Multi-state precast concrete manufacturer producing utility, structural, and architectural precast products. Overlaps with PDM on structural precast for commercial and infrastructure projects but with a broader product range and Western US footprint.
• Forterra: Large national manufacturer of precast concrete products, concrete pipe, and building products for infrastructure and commercial construction. Broader product portfolio and geographic reach than PDM, with overlapping architectural and structural precast offerings.
• Lexicon Group: Large national AISC-certified structural steel fabricator and erector serving commercial, healthcare, and industrial construction. Overlaps with PDM Metals on steel fabrication scope but operates at significantly larger scale and broader geographic footprint.

Direct peers

• Nitterhouse Concrete Products: Pennsylvania-based precast concrete manufacturer producing architectural and structural precast for commercial and institutional projects. Comparable in scale and product mix to PDM's precast operations.
• SME Steel Contractors: West Jordan, Utah-based AISC-certified structural steel fabricator and erector serving commercial, healthcare, and institutional projects nationwide. Directly comparable to PDM's AISC-certified steel fabrication business on project type, certifications, and scale.
• Enterprise Concrete Products: Iowa-based precast concrete producer offering architectural and structural precast for commercial, institutional, and industrial projects. Directly competes with PDM in the same Iowa/Midwest market on precast wall panels and structural elements.
• Mid-States Concrete Industries: Wisconsin-based precast concrete producer serving Midwest commercial, agricultural, and industrial construction with wall panels, structural components, and architectural precast. Overlapping Midwest geography and comparable precast product offering.
• High Concrete Group: Pennsylvania-based precast concrete manufacturer producing architectural and structural precast including wall panels, columns, beams, and hollowcore. Competes with PDM on commercial and institutional precast projects with similar PCI-certified production capabilities.
• Wells Concrete: Wells Concrete is a Midwest-based precast concrete manufacturer producing wall panels, architectural and structural precast, and hollowcore for commercial buildings — a direct competitor to PDM's core precast business across overlapping geographies and end markets.
• Coreslab Structures: National precast/prestressed concrete manufacturer with multiple regional plants producing architectural and structural precast for commercial, parking, and stadium projects. Directly comparable product mix and customer base to PDM's precast division.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 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 PDM Precast