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LEMOINE Recognized as a Fastest Growing Company by New Orleans City Business

In May, New Orleans City Business released the five Fastest Growing Companies in the New Orleans area, ranking LEMOINE at #3. The five featured companies reported the largest percentage increase in revenue over the past three years.

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LEMOINE has experienced a 78% growth in revenue since 2019 ($293.8 million) as of the end of 2021 ($522.2 million). This exponential growth is due in large part to monumental projects such as the campus transformation of Children’s Hospital New Orleans ($300 million), the LSU Greenhouse Phase II student housing project ($200 million), and the LFT Airport Terminal ($100 million).

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“Health care and education have always been two of the biggest producing sectors of our construction work since our company was founded, and we continue to see a growing demand for our clients expanding their services and wanting to build modern, state of the art facilities,” said William L., President of Building Construction.

LEMOINE also launched Disaster Services to aid clients in disaster mitigation planning, grant management, and recovery efforts.

“We mobilize our teams quickly to regions in need of disaster recovery coordination, hazard mitigation and grant management and preparedness support for government, commercial, nonprofit and residential clients,” Will said.

When asked about challenges that could impact the current growth trajectory of the construction industry Will cited skilled labor needs and rising inflation.

“Our level of work is exceeding pre-pandemic levels, and that is a trend in the entire construction industry. Work is not slowing down, so the need for skilled labor and trained personnel will be essential to continue to properly staff our jobs,” Lemoine said. “The rates of which material prices and inflation have increased have been unprecedented in my professional career, and we are working with clients more than ever to sufficiently fund projects without delay. That consistent communication and collaboration will be critical over the year to come.”

Read the full article here: https://neworleanscitybusiness.com/blog/2022/05/04/fastest-growing-companies-3-lemoine/

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