What Cold Spring Construction Co Inc does

Cold Spring Construction Co Inc is a fourth-generation, family-owned heavy civil construction contractor founded in 1911 and headquartered in Akron, New York. The company specializes in large-scale public infrastructure projects — including interstate interchange reconstruction, expressway paving, bridge construction and rehabilitation, canal locks, and breakwalls — primarily for the New York State Department of Transportation, the NYS Thruway Authority, the U.S. Army Corps of Engineers, and Western New York municipalities. Its service portfolio spans concrete production and slipform paving (rates up to 550 cubic yards/hour), earthmoving and grading (GPS- and 3D-model-controlled), aggregate crushing and screening (up to 700 tons/hour), and pile driving and deep foundation drilling (up to 10-foot diameter in earth, 6-foot in hard rock). The firm maintains approximately 110 employees, including seven licensed Professional Engineers, and operates an integrated fleet with central mix plants, draglines, cranes, and pile hammers that supports self-performance across the heavy civil value chain.

The company earns revenue by bidding on and executing fixed-price, competitively procured government infrastructure contracts, with project values disclosed publicly through procurement records ranging from roughly $17M for smaller bridge replacements to over $150M for major interchange programs. Go-to-market is enterprise field sales through formal procurement channels, with no traditional consumer or retail distribution. Cold Spring Construction Co Inc has been recognized by the American Public Works Association for projects exceeding $75 million and holds an APWA award for the I390/490 Interchange reconfiguration. Successive leadership transitions through the Forrestel family — Stephen Forrestel as CEO, fourth-generation President Ryan Forrestel, VP Jeffery Borden, and VP of Engineering Brett Bottone — reflect continuity in ownership and a generational handoff at the top of the organization.

Name

Cold Spring Construction Co Inc

Legal name

Cold Spring Construction Co.

Website

https://coldspringconstruction.com

Company type

Private

Founded year

1911

Operating status

Operating

Headcount range

11–50 employees

Short description

Cold Spring Construction Co Inc is a fourth-generation, family-owned heavy civil contractor in Western New York that builds interstate interchanges, bridges, and expressways for NYSDOT, the NYS Thruway Authority, and federal agencies using self-performed concrete, earthmoving, crushing, and deep foundation capabilities.

Ownership category

akta.pro rank

Headquarters

HQ city

Akron

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Supply Chain, Infrastructure, Operations

Revenue model

1. Heavy Civil Construction Contracts: Cold Spring generates revenue through winning and executing large-scale government infrastructure contracts. Revenue is project-based, derived from competitive bids on NYSDOT, NYS Thruway Authority, and local government projects including bridge construction, interstate interchange reconstruction, and expressway projects.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Cold Spring Construction is a fourth-generation family-owned heavy civil construction company that builds expressways, interstate interchanges, bridges, and canal locks primarily for New York State agencies. The company self-performs concrete production and paving, earthmoving and grading, crushing and screening, draglining, pile driving, and deep foundation drilling as integrated construction services on large infrastructure projects.

Product overview

Cold Spring Construction Co Inc is a fourth-generation family-owned heavy civil construction company offering a unified portfolio of construction services. The core offerings include: Concrete Production & Construction (with slipform paving capabilities and central mix plants producing up to 550 cubic yards per hour), Earthmoving & Grading (leveraging GPS technology, machine control, and 3D modeling), Crushing, Screening & Draglining (processing materials at up to 700 tons per hour), and Pile Driving & Deep Foundation Drilling (with drilling capabilities up to 10-foot diameter). The company specializes in large infrastructure projects including interstate interchanges, bridges, expressways, and canal locks, primarily serving NYSDOT and NYS Thruway Authority.

Differentiator

Problem solved

Functional benefit

Products and services

• Concrete Production & Construction Concrete production and construction services for roadway paving and structural work, including slipform paving with widths over 30 feet and automatic dowel bar inserter, central mix plants producing up to 550 cubic yards per hour, and concrete transport and placement via mixers, conveyor trucks, and pump trucks.
• Earthmoving & Grading Earthmoving and grading services utilizing GPS technology, machine control, and 3D modeling for precision work on large cuts, fills, and complicated wetland projects, primarily for highway and interchange construction.
• Crushing, Screening & Draglining Crushing and screening of shot rock, glacial gravel, demolition debris, and recycled asphalt product (RAP) at rates up to 700 tons per hour, plus draglining and dredging operations using Manitowoc duty-cycle cranes with dragline pull rates over 500 tons per hour.
• Pile Driving & Deep Foundation Drilling Deep foundation services including driving sheet piles, H-piles, tube piles, and pipe piles, plus deep foundation drilling with tooling for up to 10-foot diameter foundations in earth and up to 6-foot diameter in hard rock.

Quantifiable outcome

• 0.0 DART score achieved from 2017-2021 demonstrating exceptional workplace safety
• +5 more outcomes

Named customers4 records

Segments3 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

Scale indicators7 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• D.A. Collins Construction Co. Family-owned heavy civil contractor headquartered in Wilton, NY, performing bridge, highway, and site work across New York State including Upstate and the Capital Region. Directly comparable as a privately held, multi-generational New York heavy civil firm bidding on similar NYSDOT and Thruway Authority contracts.
• Lancaster Development: Heavy civil and site development contractor based in Lancaster, NY (Western New York), performing highway, bridge, and commercial site work. Comparable due to overlapping WNY geography, similar customer base (NYSDOT and local municipalities), and comparable scale.
• Harrison & Burrowes Bridge Constructors: New York-based heavy civil contractor specializing in bridge and highway construction, with a long operating history in Upstate New York. Directly comparable as a regional bridge and highway builder bidding on NYSDOT work with similar in-house capabilities.
• Posillico Civil: Heavy civil contractor operating across New York and the Northeast on highways, bridges, and site development. Comparable due to overlapping New York geography and similar heavy civil service mix including earthmoving and concrete paving.
• Rifenburg Construction Corp. New York-based heavy civil contractor performing highway, bridge, and airport work across Upstate and the Capital Region. Comparable as a regional heavy civil firm with similar NYSDOT and municipal customer profile.
• Kubricky Construction Corp. Heavy civil contractor based in upstate New York performing site development, highway, and utility infrastructure. Comparable due to similar scale, New York geography, and federal/state agency work including USACE projects.
• Oakgrove Construction Inc. Elma, NY-based heavy civil and site development contractor serving Western New York. Comparable as a Western New York-based heavy civil firm performing highway, bridge, and site work for NYSDOT and local municipalities.

Regional players

• ECONOMY PAVING CO. INC. Asphalt paving and heavy highway contractor based in Cortland, NY, serving Central and Western New York. Comparable due to overlapping highway paving work and similar NYSDOT customer base, though with a narrower asphalt-focused offering than Cold Spring's full heavy civil scope.

Broad incumbents

• Granite Construction Incorporated: Large, publicly traded heavy civil contractor with a national footprint in transportation, water resources, and large public infrastructure. Comparable as a competing bidder on major interchange and highway work, though far larger and with broader geographic and service diversification.
• Kiewit Corporation: One of North America's largest employee-owned heavy civil and infrastructure contractors with deep highway, bridge, and transit capabilities. Comparable as a peer bidder on large New York public infrastructure projects, particularly design-build, though with national scale and significantly larger bonding capacity.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 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 Cold Spring Construction Co Inc