What Ferebee does

Ferebee Corporation is a family-owned general contractor founded in 1985 and headquartered in Charlotte, North Carolina, operating in the Carolinas construction and asphalt manufacturing market. The company runs five NCDOT- and SCDOT-certified asphalt manufacturing plants — Bonds (Concord, acquired 2023), Concord, Charlotte, Pineville, and Gastonia — each rated at 300 tons per hour. All plants transitioned to the Astec Double Barrel Green System by 2008, enabling warm-mix asphalt production at 14% lower fuel consumption and 14% higher throughput. Since 2007, an in-house Kohlberg-Pioneer Crushing Plant supports asphalt and concrete recycling, with clean recycled asphalt accepted at no charge and reintegrated into production.

Beyond materials manufacturing, Ferebee operates five service divisions: Stone Base & Paving, Concrete, Underground & Utilities, Grading, and Asphalt Crushing & Recycling. The Concrete Division has been active for over 20 years, offering curb and gutter, sidewalks, driveways, and concrete paving. The Underground & Utilities Division handles water, sewer, and storm drainage installation, including culvert work and stream restoration. The Grading Division provides turnkey sitework packages from grading through final paving. This vertical integration allows Ferebee to deliver site preparation, utilities, base, and paving under a single general contract.

The business model is sales-led and project-based. Revenue is generated from FOB asphalt sales (with credit applications required for plant-direct customers) and from construction contracts awarded through competitive bidding. Customers include municipal governments (City of Concord, City of Charlotte), general contractors (McGee Brothers, Myers & Chapman), and commercial developers (Miller Development Company, Carolina Mall). Ferebee holds Unlimited and Unclassified General Contractor licenses in both North and South Carolina, qualifying it for public infrastructure work across both states. Pricing is quote-based and not publicly disclosed. The company employs 101–250 people and maintains limited digital marketing, relying primarily on direct relationships, industry associations, and 40+ years of family ownership reputation for business development.

Name

Ferebee

Legal name

Ferebee Corporation

Website

https://ferebee.com

Company type

Private

Founded year

1985

Operating status

Operating

Headcount range

101–250 employees

Short description

Ferebee Corporation is a family-owned Charlotte, NC general contractor founded in 1985, operating five NCDOT/SCDOT-certified asphalt plants and providing vertically integrated paving, recycling, concrete, underground utilities, and grading services to government, commercial, and residential clients across the Carolinas.

Ownership category

akta.pro rank

Headquarters

HQ city

Charlotte

HQ country

United States

HQ region

North America

Offices6 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Asphalt Manufacturing & Sales: Ferebee manufactures and sells asphalt through three strategically located plants. Products are sold FOB (Free on Board) to customers. The company controls its own asphalt production ensuring consistent mix quality and availability.
2. Construction & Paving Services: General contractor services including asphalt paving, stone base installation, concrete operations, grading, underground utilities, and sitework. Revenue generated from project-based construction contracts for public and private customers.
3. Asphalt & Concrete Crushing/Recycling: Crushing and recycling services. Ferebee accepts clean, recycled asphalt at no charge, processes it, and uses recycled materials in the asphalt they produce.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels4 records

Core offering

Ferebee is a licensed general contractor providing asphalt manufacturing, paving, recycling, underground utilities, concrete operations, and grading/sitework services. The company operates multiple NCDOT/SCDOT-certified asphalt plants across the Carolinas and serves commercial, industrial, and residential markets with vertically integrated construction capabilities.

Product overview

Ferebee Corporation is a construction and contracting company operating as a unified service provider with multiple divisions that work together to deliver comprehensive infrastructure projects. The core offering consists of vertically integrated operations spanning asphalt manufacturing (with five strategically located plants), asphalt crushing and recycling, paving services, concrete operations, underground utilities construction, and site grading. The company's divisions are interconnected: the asphalt manufacturing division supplies materials to the paving division, the crushing division recycles materials back into production, and the underground and grading divisions prepare sites for subsequent paving work. As a fully licensed General Contractor with unlimited license classifications in North and South Carolina, Ferebee serves commercial, industrial, and residential markets across the Carolinas.

Differentiator

Problem solved

Functional benefit

Products and services

• Asphalt Manufacturing Production and sale of asphalt mix at NCDOT/SCDOT-certified plants in Bonds, Concord, Charlotte, Pineville, and Gastonia for use on construction projects and for FOB sale to third parties.
• Asphalt Paving Asphalt paving installation for roadways, parking lots, driveways, and other paved surfaces for commercial, industrial, and residential clients across the Carolinas.
• Sitework and Grading Site preparation, grading, and earthwork services performed as a general contractor supporting commercial, industrial, and residential construction projects.
• Underground Utilities Installation of underground utility infrastructure such as water, sewer, and stormwater systems for site development projects.
• Concrete Operations Concrete construction services including foundations, flatwork, and structural concrete as part of vertically integrated project delivery.
• Asphalt Recycling Recycling and reclamation of asphalt material through a Kohlberg-Pioneer crushing plant, supporting sustainable paving operations.
• Bond's Asphalt Plant Operations Operation of the Bond's Asphalt plant acquired in 2023, adding to Ferebee's network of NCDOT/SCDOT-certified asphalt manufacturing facilities.

Quantifiable outcome

• 14% Less Fuel consumption with Double Barrel Green System
• +4 more outcomes

Named customers6 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

Feature3 records

Partnerships

One partnership is on record.

• Carolinas AGCminorOthersActive membership in the Carolinas Associated General Contractors association, an industry trade organization supporting construction companies in the Carolinas region.

Scale indicators4 records

Recent moves4 records

Expansion highlights4 records

Direct peers

• APAC-Atlantic, Inc. APAC-Atlantic performs asphalt paving, grading, and highway construction across the Carolinas, Georgia, and Florida as part of the CRH Americas materials platform. Comparable to Ferebee because of its Carolinas/NCDOT production footprint and similar municipal highway customer base, though it operates as part of a larger global aggregates group.
• Blythe Construction, Inc. Blythe Construction operates asphalt plants and performs highway, airport, and commercial paving throughout the Carolinas and broader Southeast. It is a direct peer because its plant-and-paver model, geographic focus on NC/SC, and DOT-cleared production mirror Ferebee's vertical integration.
• S.T. Wooten Corporation: S.T. Wooten is a North Carolina-based general contractor specializing in asphalt paving, grading, and site development across the Carolinas and Virginia. It is a direct peer to Ferebee given overlapping geography, identical core services (asphalt manufacturing, paving, sitework), and a similar public/private customer mix.
• Reeves Construction Company: Reeves Construction is a Southeastern asphalt paving and road construction contractor with plant operations across Georgia, South Carolina, and Florida. Comparable to Ferebee in asphalt mix production, paving, and DOT-certified operations, though its geographic center of gravity is further south.
• Rogers Group, Inc. Rogers Group is one of the largest privately held aggregates and asphalt producers in the US, with crushed stone, asphalt plants, and paving crews across the Southeast and Midwest. It is a direct peer given its vertically integrated aggregates-plus-asphalt-plus-paving model and overlapping Carolinas/Tennessee service territory.

Regional players

• Haskell Lemon Construction Co. Haskell Lemon is an Oklahoma-based paving and heavy highway contractor operating asphalt plants, grading crews, and bridge work in the South Central US. It is a regional peer because its asphalt plant plus paving service mix matches Ferebee's offering, but its geography (OK/TX/AR) does not overlap with Ferebee's Carolinas footprint.
• Fred Smith Company: Fred Smith Company is a Raleigh, NC-based site development and asphalt paving contractor serving the Triangle and eastern North Carolina. It is a regional peer comparable to Ferebee because it operates asphalt plants and performs commercial/municipal paving, though its footprint is concentrated in eastern NC rather than the Charlotte metro.

Broad incumbents

• Construction Partners, Inc. Construction Partners is a publicly traded civil infrastructure company headquartered in the Southeast US that owns and operates asphalt plants and performs highway, paving, and sitework across multiple Sun Belt states. It is comparable to Ferebee as the most relevant scaled Southeastern asphalt paving platform, though it operates across a much broader multi-state footprint and is significantly larger.
• Granite Construction Incorporated: Granite Construction is a large publicly traded infrastructure contractor with vertically integrated asphalt plants, aggregate reserves, and heavy civil operations across the US. Comparable to Ferebee as a broad incumbent in the asphalt paving and highway construction category, though at a meaningfully larger scale and broader geographic scope.
• The Lane Construction Corporation: Lane Construction is a large US heavy civil and transportation infrastructure contractor with asphalt production capabilities serving DOTs and large private developers. It is a broad incumbent peer given its overlapping asphalt paving and highway offerings and ability to compete on the same NCDOT and municipal bid opportunities as Ferebee.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/ferebeecorporation
• LinkedInlinkedin.com/company/ferebee-corporation
• Instagraminstagram.com/ferebeecorp

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries1 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 Ferebee