SRC, Inc.

What SRC, Inc. does

SRC, Inc. (doing business as SRC Construction) is a privately held commercial general contractor founded in 1971 and headquartered at 5711 Greendale Road in Richmond, Virginia. The firm provides new construction and renovation services across five verticals: institutional/academic, healthcare, industrial, commercial, and multi-family residential. Notable capabilities include ground-up construction for large-scale projects such as 1,000-unit Class-A multi-family apartment complexes, historical renovation, and specialized construction of medical and laboratory facilities. Documented projects include the Sanghani Player Lounge and West End Market dining facility at Virginia Tech, the Rice Rivers Center Research Facility (14,000 square feet) and campus beautification signage at Virginia Commonwealth University.

The company's core offering is project-based construction services with quote-based, project-specific pricing. Revenue is generated through one-time construction contracts whose value depends on scope, timeline, and specifications; no recurring or subscription revenue model exists. SRC employs a team-based delivery model with a defined executive leadership structure (President, VP of Operations, CFO, and dedicated project managers) engaging clients from the planning phase through ribbon-cutting. The firm operates a direct enterprise field-sales go-to-market motion, reaching prospective clients primarily through its website contact form, a phone line, and an online portfolio. Marketing assets include a Squarespace-hosted website, careers page, and project portfolio showcasing higher-education, healthcare, and commercial engagements.

SRC reports cumulative metrics of 25,000+ projects completed, 400+ customers served, and 5,000,000+ square feet renovated over its 50+ year history. The firm operates exclusively within Virginia, with no disclosed geographic expansion outside the state, no subsidiaries, no parent company, and no disclosed institutional investors or funding rounds. Ownership appears to be founder- or management-held. No revenue figures, headcount figures, AI/ML capabilities, patents, certifications, partnerships, or awards are disclosed in the available data, limiting financial and operational visibility.

Name

SRC, Inc.

Legal name

SRC, Inc.

Website

https://src-inc.com

Company type

Private

Founded year

1971

Operating status

Operating

Short description

SRC, Inc. is a privately held Richmond, Virginia-based commercial construction firm founded in 1971, providing new construction and renovation services across institutional, academic, healthcare, industrial, and multi-family residential sectors throughout Virginia.

Ownership category

akta.pro rank

Product category

Commercial Construction Services

NAICS

Nonresidential Building Construction (2362), Commercial and Institutional Building Construction (23622), New Multifamily Housing Construction (except For-Sale Builders) (236116)

SIC

General Bldg Contractors - Nonresidential Bldgs (1540), Operative Builders (1531), General Bldg Contractors - Residential Bldgs (1520)

akta.pro industry

PRIMARYIMAFAAAA

Commercial General Contracting (New Build)

Industrials, Manufacturing & Construction/Construction & Civil Engineering/General Contracting & Construction Management

SECONDARYIMAFACAA

Office & Corporate Building Construction

Industrials, Manufacturing & Construction/Construction & Civil Engineering/Commercial & Institutional Building Construction

SECONDARYIMAFACAD

Healthcare Facility Construction (Hospitals, Clinics, Labs)

Industrials, Manufacturing & Construction/Construction & Civil Engineering/Commercial & Institutional Building Construction

SECONDARYIMAFAAAB

Residential General Contracting (New Build)

Industrials, Manufacturing & Construction/Construction & Civil Engineering/General Contracting & Construction Management

Keywords

• Commercial construction services
• Historical building renovation
• Institutional construction
• Healthcare facility construction
• Multifamily residential construction

Headquarters

HQ city

Richmond

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Supply Chain, Operations, Marketing or Sales, Infrastructure, Technology or R&D

Revenue model

1. Construction and renovation services: SRC generates revenue through project-based construction contracts for new construction and renovation projects. Revenue is earned on a per-project basis, with pricing based on project scope, timeline, and specifications. The company serves institutional, academic, medical, industrial, and multifamily sectors with both new construction and renovation services.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

SRC Construction provides commercial construction and renovation services for institutional, academic, medical, industrial, and multifamily clients in Virginia. Deliverables include ground-up new construction, historical building renovation, specialized medical and laboratory facility builds, academic and administrative office construction, and Class-A multifamily apartment complexes of up to 1,000 units, managed through a team-based approach from planning through project completion.

Product overview

SRC Construction is a single-service construction company offering comprehensive construction and renovation services. The core offerings include new ground-up construction and historical building renovations, serving the commercial, healthcare, and academic sectors. Projects span institutional facilities, multi-family residential complexes (up to 1000 units), medical and laboratory spaces, and academic/administrative offices. The company operates with a team-based approach, partnering with clients from planning through ribbon-cutting ceremony. With over 50 years of experience since 1971, the company has completed 25,000+ projects across Virginia.

Differentiator

Problem solved

Functional benefit

Products and services

• New Construction Services Ground-up construction services for commercial, healthcare, academic, and multi-family residential projects, delivered on-time and on-budget with a team-based approach from planning through ribbon-cutting. Targeted at enterprise clients including universities, healthcare systems, and commercial developers.
• Historical Renovation Services Expert renovation and restoration of historical buildings, transforming aging structures while preserving their heritage and character. Targeted at institutional, academic, and commercial clients in Virginia seeking to renew legacy properties.
• Medical & Laboratory Facility Construction

Named customers4 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators4 records

Recent moves4 records

Expansion highlights2 records

Direct peers

• Hourigan Construction: Richmond, Virginia-based construction manager/general contractor with a strong institutional, higher-education, and healthcare portfolio. Direct local competitor sharing SRC's primary geography and most relevant vertical segments.
• W.M. Jordan Company: Virginia-based commercial general contractor headquartered in Newport News, serving institutional, healthcare, commercial, and multifamily clients across the Mid-Atlantic. Highly comparable regional size, vertical mix, and long-tenured owner-operated model.
• HITT Contracting: Falls Church, Virginia-based general contractor specializing in commercial, healthcare, higher-education, and multifamily projects across the Mid-Atlantic. Highly comparable vertical mix and regional proximity, though larger scale.

Broad incumbents

• Clark Construction Group: Large national general contractor with a particularly strong presence in the Mid-Atlantic institutional and higher-education market. Represents a top-tier incumbent competing for the same university and healthcare capital projects.
• Gilbane Building Company: Large national construction manager with significant higher-education and healthcare portfolios and a Mid-Atlantic regional office. Comparable vertical specialization at a much larger scale; competes for the same institutional RFPs.
• Skanska USA: Global construction firm with strong higher-education, healthcare, and multifamily practices and active Virginia operations. Larger-incumbent benchmark for institutional project competition.
• DPR Construction: National commercial general contractor with strong higher-education, healthcare, and multifamily practices and active Virginia/Mid-Atlantic presence. Represents the larger-incumbent competitive benchmark SRC encounters on institutional RFPs.
• Turner Construction Company: Largest U.S. commercial general contractor with deep higher-education and healthcare practices. Frequently competes against SRC on large-scale institutional RFPs in the Mid-Atlantic.
• Barton Malow Company: Mid-size national commercial contractor with comparable healthcare, higher-education, and multifamily practices. Similar size tier to SRC but with broader geographic footprint; a relevant peer on larger project pursuits.
• Whiting-Turner Contracting Company: Major national general contractor with extensive healthcare, higher-education, and multifamily practices and a strong Mid-Atlantic presence. Direct overlap with SRC's institutional client base at significantly larger scale.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/src-inc-

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 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 SRC, Inc.