Dive Brief:
- Shawmut Design and Construction, a Boston-based contractor, surpassed $1 billion in revenue in New England in 2024, largely due to its work in education-related construction, according to a news release. Its overall revenue in 2023 reached about $1.67 billion, according to Engineering News-Record.
- To support growth, the firm promoted four executives to regional roles, including a new chief operating officer, preconstruction head and two vice presidents in its Large Project Division.
- The revenue achievement signals continued construction demand in Shawmut’s main areas of expertise, particularly education and large-scale ground-up commercial projects, said Kevin Sullivan, executive vice president of Shawmut’s New England region.
Dive Insight:
Shawmut’s latest milestone comes amid a broader push in securing large-scale, technically complex work across the Northeast, said Sullivan.
For example, some of Shawmut’s recent major projects in the New England area include:
- The opening of UMass Chan Medical School’s $350 million new education and research building at the University of Massachusetts in Worcester.
- The start of construction on Boston University’s $550 million renovation of Warren Towers.
- Continued progress on insurer FM Global’s new research and development campus in Norwood, Massachusetts.
- Harvard University’s redevelopment of 175 North Harvard St. in Allston, Massachusetts.
The contractor also expanded its own regional footprint with a new office in Worcester and promoted several leaders.
Shawmut tapped Mike Kearns as its new COO of the New England region after 26 years with the company and promoted Bob Wice and Mark Malmquist to vice presidents of its Large Project Division. It also appointed 26-year veteran Chris Maury as head of preconstruction and Rhode Island, according to the company.
The firm’s expansion strategy mirrors its recent strategy shift in New York, where it doubled down in December 2024 on preconstruction investments and large project staffing. That move aims to meet construction demand for healthcare, life sciences and education projects.