Welcome!

Linux Containers Authors: Elizabeth White, Yeshim Deniz, Liz McMillan, Zakia Bouachraoui, Pat Romanski

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
René Bostic is the Technical VP of the IBM Cloud Unit in North America. Enjoying her career with IBM during the modern millennial technological era, she is an expert in cloud computing, DevOps and emerging cloud technologies such as Blockchain. Her strengths and core competencies include a proven record of accomplishments in consensus building at all levels to assess, plan, and implement enterprise and cloud computing solutions. René is a member of the Society of Women Engineers (SWE) and a m...
Early Bird Registration Discount Expires on August 31, 2018 Conference Registration Link ▸ HERE. Pick from all 200 sessions in all 10 tracks, plus 22 Keynotes & General Sessions! Lunch is served two days. EXPIRES AUGUST 31, 2018. Ticket prices: ($1,295-Aug 31) ($1,495-Oct 31) ($1,995-Nov 12) ($2,500-Walk-in)
According to Forrester Research, every business will become either a digital predator or digital prey by 2020. To avoid demise, organizations must rapidly create new sources of value in their end-to-end customer experiences. True digital predators also must break down information and process silos and extend digital transformation initiatives to empower employees with the digital resources needed to win, serve, and retain customers.
IoT is rapidly becoming mainstream as more and more investments are made into the platforms and technology. As this movement continues to expand and gain momentum it creates a massive wall of noise that can be difficult to sift through. Unfortunately, this inevitably makes IoT less approachable for people to get started with and can hamper efforts to integrate this key technology into your own portfolio. There are so many connected products already in place today with many hundreds more on the h...
Digital Transformation: Preparing Cloud & IoT Security for the Age of Artificial Intelligence. As automation and artificial intelligence (AI) power solution development and delivery, many businesses need to build backend cloud capabilities. Well-poised organizations, marketing smart devices with AI and BlockChain capabilities prepare to refine compliance and regulatory capabilities in 2018. Volumes of health, financial, technical and privacy data, along with tightening compliance requirements by...
Charles Araujo is an industry analyst, internationally recognized authority on the Digital Enterprise and author of The Quantum Age of IT: Why Everything You Know About IT is About to Change. As Principal Analyst with Intellyx, he writes, speaks and advises organizations on how to navigate through this time of disruption. He is also the founder of The Institute for Digital Transformation and a sought after keynote speaker. He has been a regular contributor to both InformationWeek and CIO Insight...
Digital Transformation is much more than a buzzword. The radical shift to digital mechanisms for almost every process is evident across all industries and verticals. This is often especially true in financial services, where the legacy environment is many times unable to keep up with the rapidly shifting demands of the consumer. The constant pressure to provide complete, omnichannel delivery of customer-facing solutions to meet both regulatory and customer demands is putting enormous pressure on...
Andrew Keys is Co-Founder of ConsenSys Enterprise. He comes to ConsenSys Enterprise with capital markets, technology and entrepreneurial experience. Previously, he worked for UBS investment bank in equities analysis. Later, he was responsible for the creation and distribution of life settlement products to hedge funds and investment banks. After, he co-founded a revenue cycle management company where he learned about Bitcoin and eventually Ethereal. Andrew's role at ConsenSys Enterprise is a mul...
Business professionals no longer wonder if they'll migrate to the cloud; it's now a matter of when. The cloud environment has proved to be a major force in transitioning to an agile business model that enables quick decisions and fast implementation that solidify customer relationships. And when the cloud is combined with the power of cognitive computing, it drives innovation and transformation that achieves astounding competitive advantage.
Machine learning has taken residence at our cities' cores and now we can finally have "smart cities." Cities are a collection of buildings made to provide the structure and safety necessary for people to function, create and survive. Buildings are a pool of ever-changing performance data from large automated systems such as heating and cooling to the people that live and work within them. Through machine learning, buildings can optimize performance, reduce costs, and improve occupant comfort by ...