Ancoats

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.

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

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

• Construction management services
• General contracting
• Design-build delivery
• Commercial construction
• Construction consulting

Headquarters

HQ city

Minneapolis, MN

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, Others

Revenue model

1. Construction Management: CM-at-Risk and CM-as-Agent delivery methods where Ancoats serves as trusted advisor and advocate for clients throughout construction projects
2. Design-Build: Single-point leadership of integrated design and construction teams with deep design partner relationships
3. 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

Core 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

Named customers11 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Five partnerships are on record, tiered core.

• Clow Berg ArchitectscoreTechnology or IntegrationDesign 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 & EngineerscoreTechnology or IntegrationArchitect and engineer on Neogen Lab & Office Renovation ($9M project) and Xcel Energy headquarters renovation. Deep collaboration on complex lab and office environments.
• RSP ArchitecturecoreTechnology or IntegrationArchitecture partner on Boston Scientific Weaver Lake 3 Production and R&D project ($30M, 75,000 SF multi-phase renovation).
• Shea DesigncoreTechnology or IntegrationArchitecture 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.coreTechnology or IntegrationArchitect 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

Broad 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

• LinkedInlinkedin.com/company/ancoatsmn
• Instagraminstagram.com/ancoatsmn

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 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 Ancoats