Edifice Inc. has enjoyed what Chief Executive Eric Laster described as “comfortable” growth. The company has kept to some of its core sectors, like building churches and schools, while also looking for opportunities to take on larger, more complex projects since the recession.
“I think when the switch turned on and the recession was over, and money started flowing again, that every market that we sell into became active — probably for the first time for Edifice,” Laster said.
Between 2015 and 2017, Edifice’s revenue grew 146.2% while its headcount almost doubled, from 65 employees in 2015 to more than 100 today. To accommodate that growth, Edifice in 2016 moved to a 20,000-square-foot building on South Boulevard after outgrowing its space at the former Coca-Cola bottling plant on West Morehead Street.
In Charlotte, Edifice is underway on a mix of construction projects. That includes The RailYard in South End, a new health and wellness center at UNC Charlotte’s main campus and the 31,000-square-foot Charlotte-Mecklenburg Police Department station breaking ground in uptown later this month. Its portfolio includes public schools, municipal buildings, mixed-use centers, industrial parks and corporate office buildings.
The majority of Edifice’s work is done within 125 miles of Charlotte. The company works in other markets like Raleigh, where Edifice is building a new broadcast campus for Summit Church. But Laster is considering broader expansion across the Carolinas.
Laster and other Edifice leaders attribute a lot of the company’s revenue growth to repeat business through sustained relationships with clients.
“During the recession, we didn’t ignore them just because they weren’t building,” said Bryan Knupp, senior vice president at Edifice. “We still stayed close to them and attended to their needs, no matter how small they might be, and I think they appreciated that and remembered us when the work returned.”