Riverstone

What Riverstone does

Riverstone is a woman-owned commercial general contracting and construction management firm headquartered in the Innsbrook business park of Glen Allen, Virginia, with a second office in Charlottesville. Founded in 2001 as the Richmond division of Norfolk-based Spacemakers and reorganized under current CEO Amanda Wheeler around 2016–2018, the company delivers design-build, general contracting, pre-construction, and construction management services across Virginia, completing more than 10 million square feet of Class A commercial space over its operating history.

Core service offerings are organized into four lines — Design-Build, General Contracting, Pre-Construction, and Construction Management — supported by ProCore project-management software, Building Information Modeling (BIM), and LEED-compliance workflows. Project sizes range from approximately 2,000 SF to 20,000+ SF, with the firm's stated "sweet spot" in the 10,000–100,000 SF range. Customers span corporate office, mixed-use, healthcare, retail, hospitality, industrial, fitness, and historical adaptive-reuse end markets, with repeat enterprise relationships (e.g., Highwoods Properties, Stony Point Development Group, Allen Law Firm) anchoring the demand base.

The revenue model is project-based professional services: fees are structured around construction cost plus overhead and markup on each engagement, with pricing varying by scope, complexity, and market conditions rather than published tiers. Riverstone relies on direct, relationship-driven sales to corporate clients, property developers, and property managers, supplemented by referrals and channel partnerships with Virginia commercial brokerages. Geographic scope is intentionally limited to Virginia, and the company remains privately held with no disclosed outside capital, acquisitions, or M&A activity.

Name

Riverstone

Legal name

Riverstone

Website

https://riverstone.build

Company type

Private

Founded year

2001

Operating status

Operating

Headcount range

11–50 employees

Short description

Riverstone is a woman-owned commercial general contracting and construction management firm in Virginia offering design-build, general contracting, pre-construction, and construction management services to corporate, healthcare, retail, hospitality, industrial, and adaptive-reuse clients across the state.

Ownership category

akta.pro rank

Headquarters

HQ city

Glen Allen

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. General Contracting Services: Traditional general contracting services for commercial construction projects including tenant improvements, renovations, and new construction. Revenue generated through project-based contracts with fees structured around construction costs, overhead, and markup.
2. Construction Management: Construction management services offering clients insight on function and feasibility, with attention to detail for project prioritization and monitoring.
3. Design-Build Services: Integrated design-build approach with collaborative partnership methodology and in-house expertise for streamlined project delivery.
4. Pre-Construction Services: Proactive planning including forecasting challenges, anticipating demands, and providing customized solutions for seamless project delivery.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels8 records

Core offering

Riverstone is a commercial general contracting and construction management firm that delivers tenant improvements, ground-up construction, renovations, and adaptive reuse projects across Virginia. Its four core service offerings are Design Build (collaborative partnership integrated with in-house expertise), General Contracting (full project delivery with 30+ years of industry experience), Pre-Construction (proactive planning, forecasting, and risk identification), and Construction Management (function/feasibility oversight and quality execution). The firm has completed more than 10 million square feet of Class A construction for corporate, mixed-use, healthcare, industrial, retail, hospitality, and historic sector clients.

Product overview

Riverstone is a commercial general contracting and construction management company offering four core service offerings: Design Build (collaborative partnership with in-house expertise), General Contracting (30+ years of industry experience), Pre-Construction (proactive planning and forecasting), and Construction Management (function and feasibility consultation). The company serves diverse market sectors including Mixed-Use, Nonprofits, Corporate, Industrial, Retail, Historical, Healthcare, Facilities Services, and Hospitality. Riverstone has completed over 10,000,000 square feet of Class A construction throughout Virginia.

Differentiator

Problem solved

Functional benefit

Products and services

• Design Build Collaborative partnership design-build service integrating in-house design and construction expertise to deliver an efficient single-point-of-accountability process for commercial construction projects in Virginia.
• General Contracting Full general contracting service drawing on 30+ years of industry experience to deliver tenant improvements, ground-up construction, and renovations in complex environments across multiple market sectors.
• Pre-Construction Proactive pre-construction planning service that forecasts challenges, anticipates demands, identifies risk, and provides customized solutions to enable seamless project delivery.
• Construction Management Construction management service providing clients with insight on function and feasibility, prioritizing and monitoring each project with attention to detail to execute quality results.

Quantifiable outcome

• Over 10,000,000 square feet of Class A construction completed
• +3 more outcomes

Named customers17 records

Segments8 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

20 partnerships are on record, tiered core, secondary and minor.

• BaskervillcoreStrategic or Co-development PartnerArchitecture and design firm partner on multiple projects including The Brick Cellar at Dairy Market. Baskervill serves as architect on historic adaptive reuse project transforming Monticello Dairy building into event space.
• Stony Point Development GroupcoreStrategic or Co-development PartnerReal estate development company and repeat client. Partnership includes Dairy Market development, The Brick Cellar event space, and Sephora at Stony Point Village projects.
• Highwoods PropertiescoreStrategic or Co-development PartnerCommercial real estate investment trust and major landlord in Innsbrook. Highwoods hired Riverstone for multiple projects including Burns & McDonnell upfit, lobby renovations, and company headquarters lease. Owner of building where Riverstone is headquartered.
• PYE InteriorsecondaryImplementation/ SI/ Consulting PartnerInterior design partner on Castle Hill Gaming headquarters project.
• Commonwealth CommercialsecondaryChannel Partner/ Reseller/ DistributorCommercial real estate brokerage representing property owners. Facilitated Bangers and Dinks pickleball facility lease at Koger Center Blvd location.
• S.L. NusbaumsecondaryChannel Partner/ Reseller/ DistributorCommercial real estate firm representing property owners. Facilitated Bangers and Dinks lease transaction.
• Studio ZsecondaryImplementation/ SI/ Consulting PartnerArchitecture/design partner on F45 Fitness Center projects.
• SL NusbaumsecondaryImplementation/ SI/ Consulting PartnerReal estate services firm involved in F45 franchise expansion projects.
• ROHRER STUDIO, LLCsecondaryStrategic or Co-development PartnerDesign studio partner on Lighting Environments Richmond showroom project.
• Lighting Environments VAcoreStrategic or Co-development PartnerClient and partner for Richmond showroom buildout. Company specializes in lighting design and metaverse-integrated showrooms.
• PDB IncsecondaryStrategic or Co-development PartnerDevelopment partner on Private Investment Firm project at CODE building in Charlottesville.
• CSH DevelopmentsecondaryStrategic or Co-development PartnerDevelopment partner on CODE building project in Charlottesville.
• BMC Property GroupsecondaryChannel Partner/ Reseller/ DistributorProperty management/ownership group involved in Atlanta Dental project in Ashland, VA.
• Associated General Contractors (AGC)minorOthersIndustry trade association membership providing networking, advocacy, and professional development resources.
• CREW RichmondminorOthersCommercial Real Estate Women Richmond chapter - networking organization for women in commercial real estate.
• Chamber RVAminorOthersGreater Richmond Chamber of Commerce - business advocacy and networking organization.
• NAWICminorOthersNational Association of Women in Construction - advocacy and professional development organization.
• ProCore TechnologiescoreTechnology or IntegrationConstruction management software partnership. Riverstone uses ProCore platform for project management, documentation, and collaboration.
• ULI VirginiaminorOthersUrban Land Institute Virginia chapter - thought leadership and education in land use. CEO Amanda Wheeler spoke at ULI Virginia's Common Ground event.
• Goodwill of Central and Coastal VirginiaminorStrategic or Co-development PartnerNonprofit partnership supporting Goodwill's Regional Trade Center for construction training. Amanda Wheeler served as event sponsor and speaker for capital campaign.

Scale indicators7 records

Recent moves7 records

Expansion highlights5 records

Regional players

• Brasfield & Gorrie: Birmingham, Alabama-headquartered commercial general contractor with significant Southeast and Mid-Atlantic presence, providing design-build and construction management across healthcare, commercial, and industrial sectors. Comparable to Riverstone on integrated delivery model and project mix, though operating primarily outside Virginia.
• Robins & Morton: Birmingham, Alabama-based commercial general contractor with strong Southeast and Mid-Atlantic operations, specializing in healthcare, commercial, and institutional construction. Comparable to Riverstone on relationship-driven delivery and project type focus, though with greater scale and a stronger healthcare vertical.
• Breeden Construction: Virginia Beach, Virginia-based commercial general contractor and developer serving the Mid-Atlantic with multifamily, mixed-use, hospitality, and commercial build expertise. Comparable to Riverstone on Virginia-centric geography and commercial GC services, though with stronger vertical integration into real estate development.

Direct peers

• W.M. Jordan Company: Virginia-based (Newport News) commercial general contractor with deep Mid-Atlantic presence and full design-build, construction management, and general contracting capabilities. Directly comparable to Riverstone in geography and service mix, but at significantly larger scale.
• Hourigan: Richmond, Virginia-based commercial construction management and development firm providing design-build, general contracting, and owner services across the Mid-Atlantic. Most direct local peer to Riverstone in terms of geography, project type (corporate, healthcare, mixed-use), and relationship-driven culture.
• DPR Construction: National commercial general contractor renowned for its design-build delivery model across corporate, healthcare, life sciences, and higher education. Directly comparable to Riverstone on integrated design-build methodology and technology adoption, though operating at far greater scale and geographic reach.

Broad incumbents

• Clark Construction Group: Bethesda, Maryland-based national commercial builder delivering design-build and construction management services across the Mid-Atlantic and nationally. Highly comparable to Riverstone on design-build methodology and Virginia/Mid-Atlantic corporate project mix, though operating at multiple times the revenue scale.
• Whiting-Turner Contracting Company: Baltimore-based national commercial general contractor with deep Mid-Atlantic operations, providing pre-construction, construction management, and design-build across corporate, healthcare, and technology end markets. Closely comparable to Riverstone in service mix and project type, though with vastly greater resources and geographic reach.
• Gilbane Building Company: Providence-based national commercial construction management and design-build firm operating across the Mid-Atlantic, with strong corporate, healthcare, and higher education portfolios. Comparable to Riverstone on design-build delivery and target end markets, but at substantially larger scale.
• Barton Malow Company: Michigan-headquartered national commercial GC with strong Mid-Atlantic presence, offering integrated design-build, construction management, and self-perform capabilities across sports, healthcare, industrial, and commercial sectors. Comparable in service breadth and delivery model, but with significantly deeper bonding and self-perform capacity.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/riverstone.build
• LinkedInlinkedin.com/company/riverstonegc
• Instagraminstagram.com/riverstone.build

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 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 Riverstone