Wednesday, October 13, 2010

Trinity stays nimble to win projects at home and away - Boston Business Journal:

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“I honestly think we’re somewhat lucky,” Kilt y said. “We’re lucky we’rew not a $250 million constructioj company with overhead ofa $250 millionj construction company.” The plan is to keep growing Trinityu Building by pursuing high-end clients in the retail, hospitality and institutional sectors. The business plan early on was to get in front of clientsx early and win private work fromemerginh companies. Trinity’s first retail client was New York Co., which hired the company to buil t a prototype store onLong Island.In 2005 Kilthy and his partners, David Story and Paul left in Boston to startt Woburn-based Trinity.
It was a risk for 38, who said it was always his dream to run his owncontractinvg company. He had a steady job that paid the four kids and a but inhis mid-30w he saw the window of opportunitt closing and convinced his partners to take the plunger with him. In its first year, Trinityt was a $1.9 million-in-revenue company and finisher last year with morethan $17.6 millionb in revenue. In four years the companyu has experienced growth of more than780 percent. president of Trinity, said he and his partners originally plannedx for 25 percent growtha year. He thinks the company should come closeto $50 milliojn in revenue next year.
Trinity’s trajectoryt is impressive, especially in the last year as many contractors have laid off staffv and lost clients due to theeconomicd slump. When the recession brought the constructiomn market to a screeching halt in Kilty decided to pursue contracts in New While his competitors were going afterf the same limited pool ofprojects here, Kilty was winning jobs in the Big Trinity currently has contracts for $9 million in jobs in including renovating the corporater headquarters of New York & Co., building a new and constructintg a branch.
Kilty expects to have betweebn $12 million and $15 million in revenue from New York jobs by the end of the He saidthe company’s competitivs edge lies in the fact that there are 20 peoplr who can turn on a The jobs Trinity performs need to be done fast — in severa l months time, generally — and are packes with detail. Kilty said many of the projects his company is hiredr for are ones that largercontractors wouldn’f go near because of the complexity and quick turnarounrd warranted.

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