What Carocon Corporation does

Carocon Corporation is a privately held general contractor founded in 1972 and headquartered in Charlotte, North Carolina. The company specializes exclusively in wood frame construction for multifamily residential projects, with a portfolio that spans garden apartments, urban infill developments, wrap and pedestal mixed-use structures, HUD/tax credit affordable housing, and senior living communities. Over its 53-year history, Carocon has completed more than 230 projects totaling 31,683 residential units and approximately $2.16 billion in cumulative construction value across North Carolina and South Carolina. The company holds NC General Contractors License #6167 and SC General Contractors License #G12068, and employs LEED AP-accredited personnel alongside a workforce certified through 30+ hours of OSHA safety training.

Carocon delivers an end-to-end construction service stack rather than a discrete product: Development Consulting (concept estimates, value determination), Pre-Construction Services (budgets, schedules, subcontract negotiation, LEED determination), General Construction (field management, subcontracting, schedule maintenance, quality assurance), and Post-Construction Services (warranty tracking, inspections, close-out, cost certification). The core underlying capability is domain specialization in wood frame multifamily construction, supplemented by a long-tenured safety record (three or more consecutive years with no incidents) and an award-winning project portfolio that includes a 2003 Builder's Choice Grand Award, multiple Builder's Choice Merit Awards, and a 2015 ranking as the fourth-largest US multifamily general contractor.

The business model is project-based professional services revenue under fixed-price or cost-plus general contracting arrangements, secured via competitive bidding, referrals, and direct relationships with real estate developers and owners. Pricing is not publicly disclosed because each engagement is customized based on scope, location, and specifications during the pre-construction phase. Carocon's go-to-market relies on industry reputation, completed project portfolios, earned media through industry awards, and community involvement with organizations such as ULI Charlotte and CFMA, rather than a structured sales operation targeting new geographies. Customer concentration sits with a defined set of enterprise real estate developers (e.g., Proffitt Dixon Partners, Charter Properties, Crosland Southeast, The Widewaters Group, EC Griffith Company, Penler Mount Holly), some of whom are repeat clients.

Name

Carocon Corporation

Legal name

Carocon Corporation

Website

https://carocon.com

Company type

Private

Founded year

1972

Operating status

Operating

Headcount range

11–50 employees

Short description

Carocon Corporation is a Charlotte-based wood frame general contractor serving real estate developers in the Carolinas with multifamily residential construction services spanning development consulting, pre-construction, general construction, and post-construction/warranty.

Ownership category

akta.pro rank

Product category

General Construction Services (Multifamily Residential)

NAICS

New Multifamily Housing Construction (except For-Sale Builders) (236116), Residential Building Construction (2361)

SIC

General Bldg Contractors - Residential Bldgs (1520), Operative Builders (1531)

akta.pro primary industry

Residential General Contracting (New Build) (IMAFAAAB)

Keywords

• Wood frame construction
• Multifamily residential construction
• General contracting services
• Pre-construction consulting
• Post-construction warranty

Headquarters

HQ city

Charlotte

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. General Construction Services: Carocon generates revenue through general contracting services for multifamily residential construction projects. Revenue is project-based, earned through fixed-price contracts or cost-plus arrangements for construction services. The company provides the full construction lifecycle including development consulting, pre-construction planning, field management, and post-construction/warranty services.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

Carocon Corporation provides general contracting and construction services for multifamily residential projects across the Carolinas, with a specialization in wood frame construction. The firm delivers a full project lifecycle including development consulting, pre-construction planning, field management and quality assurance during construction, and post-construction warranty support. Projects span garden apartments, urban mixed-use, wrap and pedestal mixed-use developments, affordable housing (HUD/tax credit), and senior living communities for real estate developers, owners, and investors.

Product overview

Carocon Corporation is a wood frame construction company providing a comprehensive suite of construction services. The company operates as a single unified offering rather than a platform-plus-modules architecture. Their core service is General Construction (wood frame construction), supplemented by Development Consulting, Pre-Construction, Post-Construction, and Warranty and Issue Resolution services. The Warranty Department provides ongoing warranty support for completed projects. Founded in 1972, Carocon focuses on multifamily residential construction across the Carolinas, completing over 230 projects including urban mixed-use, suburban apartments, wrap and pedestal mixed-use developments, and HUD and tax credit deals.

Differentiator

Problem solved

Functional benefit

Products and services

• Development Consulting

Quantifiable outcome

• Over 230 projects completed across the Carolinas
• +3 more outcomes

Named customers8 records

Segments4 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Ten partnerships are on record, tiered minor and core.

• Council on Aging in Union CountyminorOthersCommunity partner supported by Carocon through charitable contributions and community involvement programs.
• Keep Charlotte BeautifulminorOthersLocal nonprofit organization focused on environmental beautification and sustainability, supported by Carocon as community partner.
• Nourish UpminorOthersLocal nonprofit addressing food insecurity, supported by Carocon through community partnership.
• ULI CharlottecoreStrategic or Co-development PartnerUrban Land Institute Charlotte chapter - Carocon actively supports this real estate development industry organization, demonstrating commitment to the real estate development community.
• Emily's Perfect DayminorOthersLocal nonprofit organization, supported by Carocon as community partner.
• CFMA (Construction Financial Management Association)coreStrategic or Co-development PartnerIndustry association for construction financial professionals. Carocon's president received CFMA's 2014 Executive of the Year Award, demonstrating active industry engagement.
• REGROUP CarolinasminorOthersRegional business organization in the Carolinas, supported by Carocon as community partner.
• National Multiple Sclerosis SocietyminorOthersNational health nonprofit organization supported by Carocon through charitable partnerships.
• CureSearch for Children's CancerminorOthersChildren's cancer research nonprofit supported by Carocon through charitable partnerships.
• KinderMournminorOthersLocal grief support organization for children and families, supported by Carocon as community partner.

Scale indicators5 records

Recent moves5 records

Expansion highlights2 records

Direct peers

• Wood Partners: Wood Partners is one of the largest multifamily developers and builders in the US, with active operations across the Southeast. It directly competes with Carocon in wood frame mid-rise multifamily construction for institutional clients.
• The NRP Group: NRP is a vertically integrated developer, general contractor, and property manager specializing in multifamily and affordable housing. It is highly comparable to Carocon due to overlapping expertise in HUD/LIHTC-financed affordable housing and wood frame mid-rise construction.
• RangeWater Real Estate: RangeWater is an Atlanta-based multifamily developer and builder active in the Carolinas, building garden-style and mid-rise wood frame apartments. It directly competes for similar institutional developer and HUD/LIHTC work.

Broad incumbents

• Balfour Beatty US Construction: Balfour Beatty operates a major US multifamily construction practice delivering large-scale residential and mixed-use projects. As a top-5 national multifamily GC, it is a key competitor for larger Carolinas projects that Carocon also pursues.
• McCarthy Building Companies: McCarthy is a top US general contractor with a substantial multifamily and mixed-use portfolio. Its Southeast regional offices directly compete with Carocon for institutional multifamily and affordable housing work in the Carolinas.
• Brasfield & Gorrie: Brasfield & Gorrie is a large Southeast-based GC with deep multifamily and senior living expertise. Headquartered in Birmingham, AL, it serves many of the same Carolinas developers that engage Carocon.
• Hoar Construction: Hoar Construction is a large US GC with multifamily and mixed-use expertise, including affordable housing work. It competes with Carocon on mid-rise wood frame projects across the Southeast.

Regional players

• Choate Construction Company: Choate is a Southeast-focused general contractor with significant multifamily, senior living, and mixed-use expertise. As a Carolinas peer, it competes for the same developer clients on comparable project types.
• Clancy & Theys Construction Company: Clancy & Theys is a Carolinas-based general contractor with multifamily, senior living, and affordable housing capabilities. It is a direct regional competitor serving similar developer clients in NC and SC.

Emerging players

• Robins & Morton: Robins & Morton is a Southeast-headquartered GC with growing multifamily and senior living practices. While traditionally stronger in healthcare, its expansion into residential makes it an emerging adjacent peer in the Carolinas.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/carocon-corp

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 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 Carocon Corporation