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TRANSACTIONS W.E. O’NEIL CONSTRUCTION CO. HAS ACQUIRED DCA CONSTRUCTION Zweig Group announced its client W.E. O’Neil Construction Co. has acquired DCA Construction, a prominent general contracting firm based in Austin, Texas. The acquisition marks an exciting opportunity for W.E. O’Neil to formally expand its operations into the Texas market, where it has completed several projects for long-time clients over the last two decades. Zweig Group advised W.E. O’Neil through the acquisition. The deal team included Zweig Group managing principal Jamie Claire Kiser; advisor Justin Ramirez; and senior analyst Andy Chavez, CM&AA. “We are grateful to have been a part of bringing these two outstanding and reputable companies together,” Ramirez said. “With W.E. O’Neil being an ESOP, the primary beneficiaries of this combination
of entities will be the employees of DCA who will now become owners of the company for which they have dedicated their careers. We look forward to seeing the impact on the Austin market that results from the combination of more than 110 years of construction experience.” W.E. O’Neil Construction has seen steady growth since its founding in 1925. Today, the firm is a 500-person, 100 percent employee-owned company. W.E. O’Neil’s award-winning family of construction companies is recognized as an industry leader. Its longevity can be attributed to its excellent staff of professionals, its integrity, its commitment to customer satisfaction, and its ability to embrace technology. W.E. O’Neil’s combination of the financial strength of a large national contractor and the responsiveness of a small company brings the best of both worlds to its clients.
DCA has grown significantly since its founding in 2006. Led by Randy Don Carlos and Kevin Foltermann, the firm performs a mix of negotiated and lump sum work, much of which is relationship- based with repeat customers. DCA’s primary focus is on commercial construction in and around Austin. “We’re thrilled to welcome DCA to the company and look forward to combining the reputation and relationships they’ve established in the Austin market with our expertise and financial resources to create many new opportunities,” stated Brian Ramsay, CEO of O’Neil Industries, W.E. O’Neil’s parent company. As the construction market grows in Texas, the acquisition presents exciting possibilities for the firm’s employee- owners, in terms of project and career opportunities, as well as expanded depth and capabilities to serve W.E. O’Neil’s clients in Texas and nationwide.
Together, we brainstormed our company’s current trajectory and how we all envisioned the company in the future. From this we were able to establish our new vision statement: “Visions achieved. Communities empowered.” Through additional deliberation and conceptualization, we decided that we are defining the standard in many ways – in electrical engineering and low voltage design expertise, in client experience, in loyalty and professionalism, in employee satisfaction, and in company culture. From this, our mission statement was clear: “Defining the standard.” Having the opportunity to gather in-person as a group to bond, socialize, and brainstorm shows the commitment to ongoing success and improvement by our firm’s leadership. Huge organizational milestones can be reached when we step away from our day-to-day operations to evaluate our past and plan for the future, especially when we allow every team member the chance to have a voice and sense of ownership in the firm’s strategic growth. Amanda Hartman is business development and marketing lead at PK Electrical. Contact her at ahartman@pkelectrical.com. Hannah Rico is a marketing coordinator at PK Electrical. Contact her at hrico@pkelectrical.com. Jules Ackerson is a business development and marketing professional at PK Electrical. Contact her at jackerson@pkelectrical.com.
AMANDA HARTMAN, HANNAH RICO & JULES ACKERSON, from page 3
The results of the survey were reviewed and discussed as a group to facilitate transparency and teamwork, and action plans for client follow-up were created. Four strategic initiatives were established and presented to the group: growth, operations, clients, and people. We broke out into smaller cohorts to discuss and brainstorm ideas for improvement in all four areas, including input from staff in all levels and positions in the company. We included goals and specific action plans to achieve the items we listed and established set timelines for completion. We found that the varied perspectives of employees in different departments enriched the conversation and overall outcome of the exercise. Next, the team reviewed our current mission and vision statements created with the inception of the firm in 1996, and reviewed most recently in the mid 2000s. Although we still stand by the original messages, we agreed that it was time to update and simplify our statements. With our core values reestablished, we wanted to ensure that our mission and vision statements captured the same sentiment. We challenged each person to state their “why,” or their purpose for doing what they do. With the help of Zweig Group’s strategic planning team, we were able to hear from all voices in the firm and solidify a more marketable and succinct vision and mission statement.
ZWEIG GROUP’S STRATEGIC PLANNING SERVICES Firms with strategic plans are 12 percent more profitable. Zweig Group’s strategic planning advisors get your team thinking strategically. Zweig Group’s purpose is to elevate the industry through driving purpose and performance for your organization. A partnership with Zweig Group means you benefit from our cumulative efforts over the last 35 years. Zweig Group’s advisors work directly with you to define and then achieve your vision, mission, values, and critical goals and objectives. Click here to learn more!
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THE ZWEIG LETTER MAY 23, 2022, ISSUE 1442
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