Ancoats
Ancoats is a Minneapolis-based construction management, design-build, and general contracting firm serving enterprise and mid-market clients across science & technology, corporate, and hospitality sectors throughout Minnesota, founded in 2020.
- Company typePrivate
- Founded2020
- HeadquartersMinneapolis, MN, United States
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Ancoats does
Ancoats is a Minneapolis-based construction management and general contracting firm founded in June 2020 by David Wood and operating as Ancoats LLC. The firm delivers three integrated service lines — Construction Management (as advisor or at-risk), Design-Build (single-point leadership of integrated design and construction teams), and General Contracting — across the science & technology, corporate, and hospitality sectors in Minnesota. Notable engagements include the SICK Inc. Campus Phase I ($21M, 144,000 SF) and Phase II ($56M, 145,000 SF), the Boston Scientific Weaver Lake 3 Production and R&D facility ($30M), the Neogen Lab & Office Renovation ($9M), the Bloomington Parking Structure ($18M), and the Wildlife Rehabilitation Center of Minnesota ($11M sustainable facility).
The company's core competency centers on complex multi-phase projects executed inside active operating environments, including GMP-grade clean rooms, BSL-1 and BSL-2 laboratories, manufacturing campuses, and headquarters renovations requiring zero downtime. Underlying technical practices include geothermal systems, net-zero-ready design, and low-carbon concrete structures, particularly on nonprofit and mission-driven builds. Delivery is supported by a recurring design partner network spanning Clow Berg Architects, HGA, RSP, Shea Design, and HCM Architects, with revenue earned through professional-services fees tied to project value across the three delivery models.
Ancoats generates revenue as a relationship-driven B2B construction firm targeting mid-market and enterprise clients via direct sales and referrals, with no intermediaries or resellers. Pricing is project-based and not publicly disclosed, though individual project values are posted on portfolio pages ranging from $1.2M to $56M. The firm has been named to Finance & Commerce's Top Startup Business list in 2025 and 2026, and founder David Wood was recognized on Minneapolis/St. Paul Business Journal's 40 Under 40 in 2026. The company is privately held, founder-owned, and has grown organically to 18 employees without disclosed external capital.
Ancoats firmographics
Firmographics- Name
- Ancoats
- Legal name
- Ancoats LLC
- Website
- https://ancoats.com
- Company type
- Private
- Founded year
- 2020
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Ancoats is a Minneapolis-based construction management, design-build, and general contracting firm serving enterprise and mid-market clients across science & technology, corporate, and hospitality sectors throughout Minnesota, founded in 2020.
- Ownership category
- akta.pro rank
Ancoats industry classification
Industry- Product category
- Construction Management Services
- NAICS
- Heavy and Civil Engineering Construction (237)
- SIC
- Heavy Construction Other Than Bldg Const - Contractors (1600)
- akta.pro primary industry
- Industrial & Cleanroom Fit-Out (Factories, Warehouses, Controlled Environments) (IMAFANAF)
Keywords
Where Ancoats is headquartered
LocationHeadquarters
- HQ city
- Minneapolis, MN
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Ancoats business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Supply Chain, Marketing or Sales, Others
Revenue model
- Construction Management: CM-at-Risk and CM-as-Agent delivery methods where Ancoats serves as trusted advisor and advocate for clients throughout construction projects
- Design-Build: Single-point leadership of integrated design and construction teams with deep design partner relationships
- General Contracting: Core construction competency delivering best-in-class service with simplicity, transparency, and professionalism
Go-to-market motion1 record
Distribution channels2 records
Marketing channels5 records
Ancoats product offering
Product offeringCore offering
Ancoats is an end-to-end construction management firm offering three integrated service lines: Construction Management (as advisor or at-risk), Design-Build (single-point leadership of integrated design and construction teams), and General Contracting. The firm serves corporate, science and technology, and hospitality sectors across Minnesota, delivering complex multi-phase renovations, GMP labs, clean rooms, and sustainable facilities.
Product overview
Ancoats is an end-to-end construction management firm offering three integrated service lines: Construction Management (as advisor or at-risk), Design-Build (single-point leadership of integrated design and construction), and General Contracting. The firm serves corporate, science and technology, and hospitality sectors across Minnesota, with notable projects including SICK Inc. Campus Phase I ($21M, 144,000 SF) and Phase II ($56M, 145,000 SF), Wildlife Rehabilitation Center of Minnesota ($11M, 25,000 SF), Boston Scientific Weaver Lake 3 ($30M, 75,000 SF), and Neogen Lab & Office Renovation ($9M, 40,000 SF).
Differentiator
Problem solved
Functional benefit
Products and services
- Construction Management Services Ancoats serves as advisor, builder, and partner throughout the construction project lifecycle, providing construction management services whether as advisor or at-risk. The role as CM is adaptable to the needs of the project and customers, serving enterprise and mid-market clients in corporate, science and technology, and hospitality sectors across Minnesota.
- Design-Build Services Single-point leadership of integrated design and construction teams, leveraging deep design partner relationships and expertise across the full life cycle of real estate transactions. Provides a passion for excellence in design delivered economically.
- General Contracting Core construction competency delivering best-in-class service with simplicity, transparency, grit, and professionalism. On every project, the primary and constant objective is to earn the trust of customers and all stakeholders.
Quantifiable outcome
- Zero recordable injuries across all projects over one full year
- +2 more outcomes
Companies that use Ancoats
Customer profileNamed customers11 records
Segments3 records
Ideal customer profiles3 records
Ancoats technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature2 records
Ancoats partnerships and signals
Strategic signalPartnerships
Five partnerships are on record, tiered core.
- Clow Berg ArchitectscoreDesign partner on multiple major projects including SICK Inc. Campus Phase I and Phase II, and Bloomington Parking Structure. Long-standing collaboration across multiple project phases.
- HGA Architects & EngineerscoreArchitect and engineer on Neogen Lab & Office Renovation ($9M project) and Xcel Energy headquarters renovation. Deep collaboration on complex lab and office environments.
- RSP ArchitecturecoreArchitecture partner on Boston Scientific Weaver Lake 3 Production and R&D project ($30M, 75,000 SF multi-phase renovation).
- Shea DesigncoreArchitecture and interior design partner on Flame & Flora cannabis dispensary project (4,800 SF). First cannabis dispensary project for both Ancoats and Shakopee Mdewakanton Sioux Community.
- Shea Inc.coreArchitect and interior designer on Starling Neighborhood Eatery (3,700 SF) for Jester Concepts. Southeast Asian-influenced design.
Scale indicators6 records
Recent moves6 records
Expansion highlights5 records
Ancoats competitors and assessment
Company assessmentBroad incumbents
- DPR Construction: National commercial contractor with a top-tier life-sciences and advanced-technology practice (GMP labs, cleanrooms, R&D). Competes with Ancoats for high-tech and biotech facility work but operates nationally with vastly greater resources.
- Clark Construction Group: Large national contractor delivering commercial, corporate, and institutional buildings via CM-at-Risk and Design-Build. Represents the scale-up competitive threat Ancoats faces as it pursues larger enterprise projects.
- JE Dunn Construction: National general contractor with significant science & technology and healthcare expertise, including GMP lab delivery. Competes with Ancoats for similar specialized facility projects, particularly with national enterprise clients that have presence in Minnesota.
- McCarthy Building Companies: Large national builder with one of the country's strongest life-sciences and laboratory construction practices. Overlaps with Ancoats on GMP/BSL lab and cleanroom scopes but serves a national footprint and a broader client base.
Regional players
- Boldt Company: Wisconsin-based construction services firm with integrated CM, Design-Build, and self-perform capabilities across the Upper Midwest. Adjacent geographic competitor with overlapping corporate, healthcare, and industrial client work.
- Adolfson & Peterson Construction: Midwest-focused general contractor and construction manager with strong corporate, healthcare, and higher-education portfolios in Minnesota and surrounding states. Competes with Ancoats for similar mid-market and enterprise regional work.
Direct peers
- Mortenson Construction: Minneapolis-headquartered construction management and general contracting firm with deep science & tech, healthcare, and corporate portfolios. Operates in the same Minnesota market with similar CM-at-Risk, Design-Build, and GC delivery models and significantly greater scale.
- Kraus-Anderson: Minnesota-based construction company offering CM, Design-Build, and GC services across corporate, healthcare, and commercial sectors in the Upper Midwest. Competes with Ancoats for similar mid-market and enterprise Minnesota clients.
Others
- RSP Architects: Architecture partner on Ancoats's Boston Scientific Weaver Lake 3 project. As a frequent specifier of GCs in the Twin Cities, RSP represents both a partnership channel and an indirect competitive benchmark.
- HGA Architects & Engineers: Minnesota-based design firm that is an Ancoats design partner on Neogen and Xcel Energy projects. Adjacent ecosystem participant that frequently specifies general contractors for complex lab and corporate work in-region.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
Ancoats social profiles
Digital presenceAncoats financial estimates
Financial estimateRevenue estimate
Valuation estimate
Ancoats leadership team
Management profileNumber of profiles
Profiles1 record
Ancoats funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Ancoats 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 Ancoats
What does Ancoats do?
Ancoats is an end-to-end construction management firm offering three integrated service lines: Construction Management (as advisor or at-risk), Design-Build (single-point leadership of integrated design and construction teams), and General Contracting. The firm serves corporate, science and technology, and hospitality sectors across Minnesota, delivering complex multi-phase renovations, GMP labs, clean rooms, and sustainable facilities.
Is Ancoats a public or private company?
Ancoats is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Ancoats founded?
Ancoats was founded in 2020. It employs 11 to 50 people.
Where is Ancoats based?
Ancoats is headquartered in Minneapolis, MN, United States, in the North America region.
How does Ancoats make money?
Three revenue lines are on record. Construction Management is the primary driver. The others are design-Build and general Contracting.
Who are Ancoats's main competitors?
Broad incumbents on record are DPR Construction, Clark Construction Group, JE Dunn Construction and McCarthy Building Companies. Regional players are Boldt Company and Adolfson & Peterson Construction. Direct peers are Mortenson Construction and Kraus-Anderson. Others are RSP Architects and HGA Architects & Engineers.
Does Ancoats have an API?
No public API is recorded for Ancoats.
What industry is Ancoats in?
Ancoats's product category is Construction Management Services. Its primary akta.pro industry code is IMAFANAF, Industrial & Cleanroom Fit-Out (Factories, Warehouses, Controlled Environments). Its NAICS code is 237 and its SIC code is 1600.