Walters-Morgan Construction

What Walters-Morgan Construction does

Walters-Morgan Construction, Inc. is a privately held, family-owned general contractor headquartered at 5961 Corporate Drive, Manhattan, Kansas. The company traces its origins to 1925 (Walters Sand Company) and has operated continuously under its current name since 1985, following its 1947 transition to exclusive construction services. It specializes in the construction of water treatment plants, wastewater treatment plants, and municipal utility infrastructure, serving city governments, utility authorities, rural water districts, and municipal development authorities primarily across Kansas, Oklahoma, and Nebraska.

The company's offering is a single service line — construction project delivery — executed across design-bid-build and design-build contract structures, with project sizes ranging from approximately $0.7 million to $47.4 million. Self-perform capabilities include concrete forming, underground pipe installation, mechanical equipment installation (pumps, clarifier equipment, bar screens, grit removal), and civil/sitework, which reduce subcontractor dependency and give control over quality and schedule on specialized scopes. Current active projects include the $47.4M WWTP Improvements (Andover, KS), $23.7M Stilwell WTP Expansion (OK), $16.2M Davis WWTP, $13.7M Salina WWTP, $7.2M Tulsa Mohawk WTP, and $7.1M Lincoln NE booster pump station, with engineering partners including Garver, Black & Veatch, PEC, Holloway Updike and Bellen, CP&Y, and HDR.

Revenue is generated through project-based contracts awarded via public competitive bidding by municipal clients — a one-time, project-by-project revenue model rather than a recurring SaaS or subscription structure. The go-to-market is enterprise field sales into government procurement, won largely through incumbent track record, regional reputation, and self-perform execution. Headcount is approximately 90+, operating from Manhattan with a secondary shop facility near the Manhattan airport for equipment maintenance and storage. There is no disclosed revenue, no parent company, and no institutional or venture-backed ownership; ownership remains within the founding family.

Name

Walters-Morgan Construction

Legal name

Walters-Morgan Construction, Inc.

Website

https://waltersmorgan.com

Company type

Private

Founded year

1938

Operating status

Operating

Headcount range

51–100 employees

Short description

Walters-Morgan Construction is a family-owned general contractor headquartered in Manhattan, Kansas, that self-performs construction of water and wastewater treatment plants and municipal utility infrastructure for government clients across Kansas, Oklahoma, and Nebraska.

Ownership category

akta.pro rank

Product category

Municipal Water and Wastewater Construction

NAICS

Water and Sewer Line and Related Structures Construction (237110), Heavy and Civil Engineering Construction (237), Industrial Building Construction (23621)

SIC

Water, Sewer, Pipeline, Comm & Power Line Construction (1623), Heavy Construction Other Than Bldg Const - Contractors (1600)

akta.pro primary industry

Self-Performing General Contractors (IMAFAAAI)

akta.pro secondary industry

Plumbing & Pipefitting Contracting (IMAFALAC)

Keywords

• Water treatment construction
• Wastewater treatment plants
• Municipal utility construction
• Civil construction services
• General contracting services

Headquarters

HQ city

Manhattan

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Supply Chain, Infrastructure

Revenue model

1. Construction Services: General contractor providing construction services for water and wastewater treatment plants and municipal utilities. Revenue is generated through project-based contracts with municipal clients, ranging from small projects (few hundred thousand dollars) to large infrastructure projects ($35+ million).

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Walters-Morgan Construction is a general contractor that specializes in the construction of water and wastewater treatment plants and municipal utilities. The company self-performs the majority of construction work, including concrete forming, underground pipe installation, mechanical equipment installation, and civil construction, serving municipal clients across Kansas, Oklahoma, and Nebraska on projects ranging from under $1 million to over $47 million.

Product overview

Walters-Morgan Construction is a general contractor specializing in the construction of water and wastewater treatment plants and municipal utilities. The company operates as a single unified service offering — construction project delivery — rather than a software platform. Projects range from small-scale repairs ($713,000) to large-scale new construction ($47,440,188), serving municipal clients across Kansas, Oklahoma, and Nebraska since 1938.

Differentiator

Problem solved

Functional benefit

Products and services

• Water and Wastewater Treatment Plant Construction
• Municipal Utilities Construction

Named customers13 records

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Burns & McDonnell: Major employee-owned engineering and construction firm with significant water and municipal infrastructure work, competing for design-build and EPC scopes on projects Walters-Morgan also pursues.
• HDR Inc. Large architecture/engineering/construction firm with deep water practice; serves as engineering consultant on Walters-Morgan projects and competes for design-build scopes.
• Black & Veatch: Large global engineering, procurement, and construction firm with a major water infrastructure practice. Currently serves as one of Walters-Morgan's engineering consultants and competes for larger water/wastewater EPC scopes.
• Kiewit Corporation: One of North America's largest heavy civil contractors with a strong water/wastewater treatment plant practice; competes on larger municipal projects across the Midwest and beyond.
• Walsh Group / Walsh Construction: Family-owned national construction firm with substantial water and heavy civil capabilities; competes on mid- to large-size municipal infrastructure projects in the Midwest.

Others

• Garver: Engineering consultant listed among Walters-Morgan's project partners (Garver designs; Walters-Morgan builds); a key demand-side relationship and a representative of the engineering firms that drive Walters-Morgan's project pipeline.

Regional players

• Ames Construction: Heavy civil contractor with significant Midwest presence in water, sewer, and treatment plant construction; competes on similar project types within overlapping geographies.
• Peabody General Contractors: General contractor based in the central US with water and wastewater treatment plant experience; competes on similar municipal scopes in adjacent geographies.

Direct peers

• Garney Construction: Employee-owned general contractor specializing in water and wastewater treatment plant construction, pipeline installation, and municipal utility infrastructure — directly comparable in scope, customer type, and self-perform philosophy.
• MWH Constructors (Stantec): Specialty water/wastewater construction contractor now operating within Stantec, focused on heavy civil and treatment plant construction for municipal clients — directly comparable project mix.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights5 records

Customer concentration

• Xtwitter.com/waltersmorgan
• Facebookfacebook.com/waltersmorgan
• LinkedInlinkedin.com/company/walters-morgan-construction-inc

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 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 Walters-Morgan Construction