Welcome!

Server Monitoring Authors: Yeshim Deniz, Liz McMillan, Pat Romanski, Carmen Gonzalez, Ken Schwaber

News Feed Item

Brasfield & Gorrie Celebrates True American Dream Story on 50th Anniversary

Company Founded in 1964 by Young Entrepreneur With Life Savings Grows to $2.3 Billion in Annual Revenues, Remains Privately Held

BIRMINGHAM, AL--(Marketwired - June 24, 2014) - Brasfield & Gorrie's 50th anniversary in 2014 marks a milestone in a true American Dream story.

The company was founded in 1964 when a young Miller Gorrie used his life savings to purchase the construction assets of the Thos. C. Brasfield company. The ambitious 28-year-old with a knack for saving and investing strategically purchased the company's name and assets with $45,000 he had acquired through wise investments in IBM stock that began in his teenage years. Though Miller's father worked for IBM, the young entrepreneur decided to forge his own path after serving in the Navy for three years following college. Miller purchased the name of Brasfield's company, which had a strong reputation in the Birmingham community, and then built his own company from the ground up.

At its outset, the company was sustained by small commercial renovation and repair work, such as a renovation project at First National Bank in downtown Birmingham, Ala., valued at $475. In 1967, Miller changed the company's name and moved its offices to the current headquarters in Birmingham. With each passing year, the company moved more and more into new construction under the leadership of Miller and fellow founders Jim Anthony, John Darnall, James Harbison and Imogene Powell.

An important period of expansion for Brasfield & Gorrie came between 1979 and 1984 during the condominium boom on the Gulf Coast. During that time, Brasfield & Gorrie built 37 condominiums on the Gulf Coast, representing approximately $200 million in contracts, which increased the volume of the company by 50 percent.

The company experienced additional growth in 1984 with the opening of offices in Atlanta and Orlando. Between 1989 and 1994, the company completed a number of landmark projects, including the AmSouth/Harbert Plaza (now Regions Harbert Plaza) in Birmingham, the Orlando City Hall in Orlando, Fla., the structure of the Georgia Dome in Atlanta, Ga., and the "Batman Building" corporate headquarters in Nashville, Tenn.

In a 1994 leadership transition, Jim Gorrie became President of Brasfield & Gorrie, while Miller remained as Chairman and CEO.

In 1998, the company expanded further with the addition of offices in North Carolina and Tennessee. These offices subsequently completed notable projects such as the Red Hat Tower (formerly Two Progress Plaza) in Raleigh in 2004 and the Omni Nashville Hotel in Nashville in 2013.

The years 2004 to 2007 marked a boom period during which the company completed landmark projects, such as the Georgia Aquarium, and opened a new office in Jacksonville, Fla.

Like most companies, Brasfield & Gorrie was tested by the Great Recession, but the company was able to weather the economic downturn better than many of its competitors due to Miller Gorrie's philosophy of "always putting hay in the barn." The economic environment created angst throughout the construction industry, but the company's reserves and backlog of projects prevented an immediate impact on the business.

Brasfield & Gorrie emerged from the Great Recession leaner and stronger, with a new understanding of its need to improve collaboration, communication and innovation.

On the heels of the recession in 2010, the company opened an office in Dallas, Texas, and in 2011, Jim Gorrie took the reins as CEO, while Miller continued to serve as Chairman.

In 2012, the company expanded once again, opening an office in Columbus, Ga.

Today, Brasfield & Gorrie marks an opportunity to celebrate a true American Dream story -- the story of a young man who began with a small company and, through hard work, strong values and a commitment to hiring the best people, built it into the Southeast's largest general contractor. During those 50 years, Brasfield & Gorrie has grown from only a handful of employees and annual revenues of $800,000 at the end of 1964 to a $2.3 billion construction leader with more than 2,600 employees working in 19 states.

As the company marks this milestone, it looks to the future and thanks its clients, business partners, and employees for helping the company reach this significant milestone.

About Brasfield & Gorrie
Celebrating 50 years in business, Brasfield & Gorrie is one of the nation's largest privately held construction firms, providing general contracting, design-build, and construction management services for a wide variety of markets, including healthcare, commercial, institutional, federal, municipal, industrial, infrastructure, and water/wastewater treatment. We serve clients from offices in Atlanta and Columbus, Georgia; Birmingham, Alabama; Dallas, Texas; Jacksonville and Orlando, Florida; Nashville, Tennessee; and Raleigh, North Carolina. Brasfield & Gorrie has approximately 2,600 employees, and its 2013 revenues were $2.3 billion. Engineering News-Record ranks Brasfield & Gorrie 22nd among the nation's "Top 400 Contractors" for 2014.

Image Available: http://www.marketwire.com/library/MwGo/2014/6/24/11G017446/Images/Jim_and_Miller_Gorrie_2014_01-896589790549.jpg

Media Contact:
Debra Nelson
Email: [email protected]
Phone: 205.714.1286

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

IoT & Smart Cities Stories
In his general session at 19th Cloud Expo, Manish Dixit, VP of Product and Engineering at Dice, discussed how Dice leverages data insights and tools to help both tech professionals and recruiters better understand how skills relate to each other and which skills are in high demand using interactive visualizations and salary indicator tools to maximize earning potential. Manish Dixit is VP of Product and Engineering at Dice. As the leader of the Product, Engineering and Data Sciences team at D...
When talking IoT we often focus on the devices, the sensors, the hardware itself. The new smart appliances, the new smart or self-driving cars (which are amalgamations of many ‘things'). When we are looking at the world of IoT, we should take a step back, look at the big picture. What value are these devices providing. IoT is not about the devices, its about the data consumed and generated. The devices are tools, mechanisms, conduits. This paper discusses the considerations when dealing with the...
Bill Schmarzo, Tech Chair of "Big Data | Analytics" of upcoming CloudEXPO | DXWorldEXPO New York (November 12-13, 2018, New York City) today announced the outline and schedule of the track. "The track has been designed in experience/degree order," said Schmarzo. "So, that folks who attend the entire track can leave the conference with some of the skills necessary to get their work done when they get back to their offices. It actually ties back to some work that I'm doing at the University of San...
Bill Schmarzo, author of "Big Data: Understanding How Data Powers Big Business" and "Big Data MBA: Driving Business Strategies with Data Science," is responsible for setting the strategy and defining the Big Data service offerings and capabilities for EMC Global Services Big Data Practice. As the CTO for the Big Data Practice, he is responsible for working with organizations to help them identify where and how to start their big data journeys. He's written several white papers, is an avid blogge...
Dynatrace is an application performance management software company with products for the information technology departments and digital business owners of medium and large businesses. Building the Future of Monitoring with Artificial Intelligence. Today we can collect lots and lots of performance data. We build beautiful dashboards and even have fancy query languages to access and transform the data. Still performance data is a secret language only a couple of people understand. The more busine...
If a machine can invent, does this mean the end of the patent system as we know it? The patent system, both in the US and Europe, allows companies to protect their inventions and helps foster innovation. However, Artificial Intelligence (AI) could be set to disrupt the patent system as we know it. This talk will examine how AI may change the patent landscape in the years to come. Furthermore, ways in which companies can best protect their AI related inventions will be examined from both a US and...
Enterprises have taken advantage of IoT to achieve important revenue and cost advantages. What is less apparent is how incumbent enterprises operating at scale have, following success with IoT, built analytic, operations management and software development capabilities - ranging from autonomous vehicles to manageable robotics installations. They have embraced these capabilities as if they were Silicon Valley startups.
Chris Matthieu is the President & CEO of Computes, inc. He brings 30 years of experience in development and launches of disruptive technologies to create new market opportunities as well as enhance enterprise product portfolios with emerging technologies. His most recent venture was Octoblu, a cross-protocol Internet of Things (IoT) mesh network platform, acquired by Citrix. Prior to co-founding Octoblu, Chris was founder of Nodester, an open-source Node.JS PaaS which was acquired by AppFog and ...
The deluge of IoT sensor data collected from connected devices and the powerful AI required to make that data actionable are giving rise to a hybrid ecosystem in which cloud, on-prem and edge processes become interweaved. Attendees will learn how emerging composable infrastructure solutions deliver the adaptive architecture needed to manage this new data reality. Machine learning algorithms can better anticipate data storms and automate resources to support surges, including fully scalable GPU-c...
Cloud-enabled transformation has evolved from cost saving measure to business innovation strategy -- one that combines the cloud with cognitive capabilities to drive market disruption. Learn how you can achieve the insight and agility you need to gain a competitive advantage. Industry-acclaimed CTO and cloud expert, Shankar Kalyana presents. Only the most exceptional IBMers are appointed with the rare distinction of IBM Fellow, the highest technical honor in the company. Shankar has also receive...