Walbec Group
Walbec Group is a vertically integrated, family-owned Midwest construction holding company operating seven subsidiaries that deliver asphalt, aggregate, concrete, engineering, surveying, heavy civil, marine, and solar construction services to government, commercial, residential, industrial, and agricultural customers across Wisconsin, Michigan, Minnesota, and Illinois.
- Company typePrivate
- Founded1930
- HeadquartersWaukesha, United States
- Headcount51–100
- GTM typeB2B
- OfferingServices
What Walbec Group does
Walbec Group is a privately held, family-owned holding company headquartered in Waukesha, Wisconsin, that aggregates seven vertically integrated construction and materials subsidiaries — Payne + Dolan, Northeast Asphalt, Zenith Tech, Parisi Construction, Premier Concrete, Construction Resources Management, and Waukesha Lime and Stone — supported by more than 2,000 craft and professional team members across 20+ offices in Wisconsin, Michigan, Minnesota, and Illinois. Operations trace to 1930 (Payne + Dolan) and were expanded through the 2022 acquisition of Parisi Construction and the 2023 acquisition of Holschbach Excavating.
The portfolio spans asphalt production/milling/paving, aggregate mining and ready-mixed concrete, civil and structural engineering, land surveying, heavy civil construction, marine and shoreline stabilization, deep foundation systems, water and sewer utilities, agricultural infrastructure, and renewable-energy (solar) site construction. Technical differentiators include millimeter GPS concrete placement (deployed by Parisi), Carlson DD Ten machine-control for solar pile driving, RTK-capable drone surveying, AI-driven pavement distress analysis from orthophoto mosaics, and robotic total stations with AI-assisted prism tracking, all of which have published productivity gains (e.g., a 5x increase in daily pile output, 67,000 sq yd milled in under 16 hours on the I-894 blitz).
Revenue is generated through project-based competitive bidding on public-sector lettings (notably WisDOT and county road commissions), private commercial/industrial/residential RFPs, and direct materials sales from owned asphalt plants, quarries, and concrete plants to both internal projects and external buyers. The customer base is diversified across four primary segments — Government/Municipal Infrastructure, Commercial & Industrial, Residential Development, and Agricultural — with the Wisconsin Department of Transportation as the most prominent named relationship. Pricing is quote-driven on multi-year contracts, and no standardized public pricing exists. Quality and sustainability credentials include three AASHTO re:source accredited labs, three EPA ENERGY STAR-certified asphalt plants, Green Masters program participation since 2016, and multiple NAPA and ACPA national awards.
Walbec Group firmographics
Firmographics- Name
- Walbec Group
- Legal name
- Walbec Group
- Website
- https://walbecgroup.com
- Company type
- Private
- Founded year
- 1930
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- Walbec Group is a vertically integrated, family-owned Midwest construction holding company operating seven subsidiaries that deliver asphalt, aggregate, concrete, engineering, surveying, heavy civil, marine, and solar construction services to government, commercial, residential, industrial, and agricultural customers across Wisconsin, Michigan, Minnesota, and Illinois.
- Ownership category
- akta.pro rank
Where Walbec Group is headquartered
LocationHeadquarters
- HQ city
- Waukesha
- HQ country
- United States
- HQ region
- North America
Offices19 records
Markets served
Walbec Group business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Supply Chain, Infrastructure, Technology or R&D, Marketing or Sales
Revenue model
- Construction Services: Heavy civil site work, construction management, asphalt paving, concrete work, bridge construction, marine construction, and shoreline stabilization services for commercial, residential, and municipal projects.
- Materials Production & Sales: Production and sale of asphalt, aggregate, and concrete materials from company-owned plants and quarries. Vertical integration ensures materials supply for own construction operations while also serving external customers.
- Engineering & Design Services: Civil engineering, site design, land surveying, structural engineering, facilities planning, and permitting services provided as part of project delivery or standalone consulting.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Bid-based project pricing |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels7 records
Walbec Group product offering
Product offeringCore offering
Walbec Group is a vertically integrated family of construction and engineering companies that produces and supplies asphalt, aggregate, and concrete materials, and delivers heavy civil construction, paving, site development, marine/shoreline, and engineering services for government, commercial, residential, and industrial customers throughout the Midwest. Operations span from in-house materials production (plants, quarries, ready-mix) through surveying, design, and project execution under subsidiary brands Payne + Dolan, Northeast Asphalt, Zenith Tech, Parisi Construction, Premier Concrete, Construction Resources Management, and Waukesha Lime and Stone.
Product overview
Walbec Group is a family of vertically integrated construction and engineering companies offering a comprehensive portfolio of infrastructure products and services throughout the Midwest. The company operates through seven subsidiary brands: Payne + Dolan (asphalt, aggregate, heavy civil), Northeast Asphalt (asphalt production and paving), Zenith Tech (heavy civil, deep foundations, solar), Parisi (site development, utilities, concrete), Premier Concrete (ready-mixed concrete and aggregate), Construction Resources Management (construction management), and Waukesha Lime and Stone (agricultural lime). Core service offerings include asphalt (production, milling, paving), aggregate materials, concrete services, engineering (site civil, structural), construction (heavy civil, marine, shoreline), land surveying, water/sewer utilities, facilities planning, and solar energy construction. The portfolio is unified through shared materials production capabilities (aggregate, asphalt, concrete), integrated engineering and surveying services, and coordinated construction management across all subsidiary companies.
Differentiator
Problem solved
Functional benefit
Products and services
- Asphalt Services
- Aggregate Materials
- Concrete Services
- Engineering Services
- Construction Services
- Marine & Shoreline Solutions
- Land Surveying Services
- Water & Sewer Utility Construction
- Foundations & Earth Retention
- Solar Energy Construction
- Milling & Pulverizing
- Quality Management Services
- Facilities Planning
Quantifiable outcome
- Parisi's millimeter GPS reduced labor requirements and setup time from multiple crew members and days to one person in hours
- +3 more outcomes
Companies that use Walbec Group
Customer profileNamed customers10 records
Segments4 records
Ideal customer profiles4 records
Walbec Group technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability5 records
Feature5 records
Walbec Group partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered minor and core.
- StantecminorEnvironmental engineering firm providing on-site guidance for the Woodland Dunes stream restoration project. Stantec collaborated with Northeast Asphalt on in-stream structure construction using an 'assembly line' approach.
- Wisconsin Department of Transportation (WisDOT)coreActive participation in WisDOT's Mentor Protégé Program. Walbec coordinates DBE engagement and notifies disadvantaged business contractors early in the letting process about opportunities. Partnering to enhance capabilities of protégé DBE companies for state and federal contracts.
Scale indicators7 records
Recent moves8 records
Expansion highlights6 records
Walbec Group competitors and assessment
Company assessmentBroad incumbents
- Vulcan Materials Company: Largest US producer of construction aggregates and a major asphalt/ready-mix participant. Comparable on the materials/backbone portion of Walbec's operations rather than self-perform contracting.
- M.A. Mortenson Construction: Large Midwest-headquartered general contractor with diversified civil, commercial and renewable energy buildout practices. Comparable at the level of regional scale and renewable-energy site work.
- Martin Marietta Materials: Major US supplier of aggregates, asphalt mixtures and ready-mixed concrete. Comparable to Walbec's Premier Concrete and Waukesha Lime and Stone aggregate/lime operations on the materials side.
Direct peers
- Construction Partners Inc. NASDAQ-listed civil infrastructure and materials company operating a vertically integrated model across asphalt plants, aggregate facilities, and heavy civil construction across the Sun Belt — closest public-market comparable for Walbec's vertical, multi-subsidiary structure.
- Sterling Infrastructure (formerly Sterling Construction): Heavy civil and specialty services platform organized around multiple subsidiaries serving transportation, water infrastructure and commercial customers. Directly comparable operating model — multi-subsidiary contracting firm with E-in-C and site development components.
- Granite Construction: Large public heavy civil contractor with integrated construction materials (asphalt and aggregate) operations across the western US. Mirrors Walbec's combined contracting + materials model and competitive profile on transportation work.
- Ames Construction: Privately held heavy civil contractor focused on heavy industrial, mining, and site development across the Midwest and West. Comparable in size, scope and self-perform heavy civil orientation.
- Tutor Perini Corporation: Large publicly traded civil and building contractor with significant heavy civil and infrastructure backlog. Comparable by virtue of the heavy civil / DOT-like project mix and large-scale public bid exposure.
Regional players
- The Boldt Company: Wisconsin-headquartered, family-influenced diversified construction services firm with industrial, commercial and civil work. Strong regional peer in the Midwest with comparable multi-decade operating history.
- Kraus-Anderson: Minnesota-based construction company with heavy/civil, general building and real estate operations. Comparable as a Midwest-headquartered general and civil contractor with a similarly long operating history.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
Walbec Group social profiles
Digital presenceWalbec Group compliance and trust
Trust signalCompliance6 records
Walbec Group financial estimates
Financial estimateRevenue estimate
Valuation estimate
Walbec Group leadership team
Management profileNumber of profiles
Profiles7 records
Walbec Group subsidiaries and ownership
Company hierarchySubsidiaries8 records
Walbec Group funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Walbec Group M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Walbec Group
What does Walbec Group do?
Walbec Group is a vertically integrated family of construction and engineering companies that produces and supplies asphalt, aggregate, and concrete materials, and delivers heavy civil construction, paving, site development, marine/shoreline, and engineering services for government, commercial, residential, and industrial customers throughout the Midwest. Operations span from in-house materials production (plants, quarries, ready-mix) through surveying, design, and project execution under subsidiary brands Payne + Dolan, Northeast Asphalt, Zenith Tech, Parisi Construction, Premier Concrete, Construction Resources Management, and Waukesha Lime and Stone.
Is Walbec Group a public or private company?
Walbec Group is a private company. It is classified as family owned and is currently operating.
When was Walbec Group founded?
Walbec Group was founded in 1930. It employs 51 to 100 people.
Where is Walbec Group based?
Walbec Group is headquartered in Waukesha, United States, in the North America region.
How does Walbec Group make money?
Three revenue lines are on record. Construction Services are the primary driver. The others are materials Production & Sales and engineering & Design Services.
Who are Walbec Group's main competitors?
Broad incumbents on record are Vulcan Materials Company, M.A. Mortenson Construction and Martin Marietta Materials. Direct peers are Construction Partners Inc., Sterling Infrastructure (formerly Sterling Construction), Granite Construction, Ames Construction and Tutor Perini Corporation. Regional players are The Boldt Company and Kraus-Anderson.
Does Walbec Group have an API?
No public API is recorded for Walbec Group.