Headwaters Construction Co in Rexburg, Idaho, has been tearing up the southeastern Idaho commercial construction scene. To learn more about the company, we sat down with Headwaters’ marketing and business development director Hyrum Pitt. As he puts it, Hyrum’s job is to “keep our guys busy by putting new projects in front of them.” However, the Headwaters of today looks very different from how it started. Let’s dive into the company’s humble beginnings to fully appreciate how this powerhouse has grown.
Teton Springs Becomes Headwaters
In the early 2000s, a master-planned community was going up in the Teton Valley area, and the Teton Springs development group saw a massive opportunity to develop the land and build custom homes. They brought on Stanton (Stan) Marshall to manage the company’s construction arm, Teton Springs Construction, and over several years, Stan and new partners bought out the original owners. In 2005, he changed the company name to Headwaters Construction to reach beyond the Teton Springs community.
As the company grew, it focused more and more on commercial construction, with Stan serving as the CEO today. While commercial construction is Headwaters’ bread and butter, it still dabbles in residential custom homes. Why? Because Headwaters is incredibly client driven in the best way possible. The company boasts numerous repeat clients. “We had a past client come to us and say, ‘We had a great experience and want you to build these spec homes,’ and our answer every time is yes.” That client focused mentality led them to do projects in Oregon, Washington, Utah, Montana, Wyoming, Missouri, and Arkansas.
“We had a past client come to us and say, ‘We had a great experience and want you to build these spec homes,’ and our answer every time is yes.”Hyrum Pitt
Priorities In The Right Place
While Headwaters was initially based in Victor, Idaho, the 60-employee company moved its headquarters to Rexburg in 2008 to be closer to most of its projects. However, they have chosen to keep the small Victor office open for those employees living in and invested in that community. Headwaters takes great pleasure in taking care of their employees. “We’ve got a great team here. We often have people walk into our office and leave saying, ‘there’s something different about you guys. There is a lot of energy, and people are just happy.’ We put a big emphasis internally on people and their quality of life with their families. It’s all but required for you to attend your kids’ events. So, if they have a play during work hours, you had better go, then come back and work hard.”
“Stan has a lot of faith in the people around him. We joke with him that he likes to cannonball into new opportunities. It has served us well because if you look through our history, we have continued to grow.”Hyrum Pitt
And work hard they do! Some of Headwaters’ most prominent projects include multiple K-12 educational facilities, high-end hospitality buildings, and hundreds of multi-family units in Idaho, Oregon, Montana, and Utah. In the Boise area, Headwaters built the 87,000 s.f. Hilton Garden Inn and restaurant and its sister building in Lehi, Utah. Most recently, the company has been constructing the Hyatt Place for the same development group. Its most notable current project is a 65,000 s.f. industrial meat processing facility in Idaho Falls. It is a state-of-the-art facility that can process 500 head of cattle a day. In Salt Lake, Headwaters is building one of the largest multi-family projects in the area, at 720,439 SF and 759 units. With over $100 million invested by the developer in this property, Headwaters is working in tandem with their subcontractors to keep everything on schedule successfully.
Keys to Headwaters’ Success
The key to Headwaters’ success is threefold. They are dedicated to putting their priorities in the right place by supporting their employees at work and in their families. They happily work with repeat clients no matter the project. And they are willing to jump into the unknown headfirst. “Stan has a lot of faith in the people around him. We joke with him that he likes to cannonball into new opportunities. It has served us well because if you look through our history, we have continued to grow.” Next year Headwaters will be celebrating its 20th anniversary and recently hit an exciting benchmark. Since its founding,
Headwaters has done over one billion dollars in revenue. That is an incredible accomplishment for the relatively young company, and they are excited to see what the future has in store for them.
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