Welcome!

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

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.

Latest Stories
A strange thing is happening along the way to the Internet of Things, namely far too many devices to work with and manage. It has become clear that we'll need much higher efficiency user experiences that can allow us to more easily and scalably work with the thousands of devices that will soon be in each of our lives. Enter the conversational interface revolution, combining bots we can literally talk with, gesture to, and even direct with our thoughts, with embedded artificial intelligence, whic...
In his keynote at @ThingsExpo, Chris Matthieu, Director of IoT Engineering at Citrix and co-founder and CTO of Octoblu, focused on building an IoT platform and company. He provided a behind-the-scenes look at Octoblu’s platform, business, and pivots along the way (including the Citrix acquisition of Octoblu).
With major technology companies and startups seriously embracing Cloud strategies, now is the perfect time to attend @CloudExpo | @ThingsExpo, June 6-8, 2017, at the Javits Center in New York City, NY and October 31 - November 2, 2017, Santa Clara Convention Center, CA. Learn what is going on, contribute to the discussions, and ensure that your enterprise is on the right path to Digital Transformation.
SYS-CON Events announced today that Tintri, Inc, a leading provider of enterprise cloud infrastructure, will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Tintri offers an enterprise cloud platform built with public cloud-like web services and RESTful APIs. Organizations use Tintri all-flash storage with scale-out and automation as a foundation for their own clouds – to build agile development environments...
SYS-CON Events announced today that DivvyCloud will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. DivvyCloud software enables organizations to achieve their cloud computing goals by simplifying and automating security, compliance and cost optimization of public and private cloud infrastructure. Using DivvyCloud, customers can leverage programmatic Bots to identify and remediate common cloud problems in rea...
SYS-CON Events announced today that delaPlex will exhibit at SYS-CON's @ThingsExpo, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. delaPlex pioneered Software Development as a Service (SDaaS), which provides scalable resources to build, test, and deploy software. It’s a fast and more reliable way to develop a new product or expand your in-house team.
SYS-CON Events announced today that Carbonite will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Carbonite protects your entire IT footprint with the right level of protection for each workload, ensuring lower costs and dependable solutions with DoubleTake and Evault.
SYS-CON Events announced today that Technologic Systems Inc., an embedded systems solutions company, will exhibit at SYS-CON's @ThingsExpo, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Technologic Systems is an embedded systems company with headquarters in Fountain Hills, Arizona. They have been in business for 32 years, helping more than 8,000 OEM customers and building over a hundred COTS products that have never been discontinued. Technologic Systems’ pr...
SYS-CON Events announced today that Tappest will exhibit MooseFS at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. MooseFS is a breakthrough concept in the storage industry. It allows you to secure stored data with either duplication or erasure coding using any server. The newest – 4.0 version of the software enables users to maintain the redundancy level with even 50% less hard drive space required. The software func...
SYS-CON Events announced today that EARP will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. "We are a software house, so we perfectly understand challenges that other software houses face in their projects. We can augment a team, that will work with the same standards and processes as our partners' internal teams. Our teams will deliver the same quality within the required time and budget just as our partn...
SYS-CON Events announced today that Cloudistics, an on-premises cloud computing company, has been named “Bronze Sponsor” of SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Cloudistics delivers a complete public cloud experience with composable on-premises infrastructures to medium and large enterprises. Its software-defined technology natively converges network, storage, compute, virtualization, and management into a ...
Cloud promises the agility required by today’s digital businesses. As organizations adopt cloud based infrastructures and services, their IT resources become increasingly dynamic and hybrid in nature. Managing these require modern IT operations and tools. In his session at 20th Cloud Expo, Raj Sundaram, Senior Principal Product Manager at CA Technologies, will discuss how to modernize your IT operations in order to proactively manage your hybrid cloud and IT environments. He will be sharing bes...
DevOps at Cloud Expo – being held October 31 - November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA – announces that its Call for Papers is open. Born out of proven success in agile development, cloud computing, and process automation, DevOps is a macro trend you cannot afford to miss. From showcase success stories from early adopters and web-scale businesses, DevOps is expanding to organizations of all sizes, including the world's largest enterprises – and delivering real r...
As DevOps methodologies expand their reach across the enterprise, organizations face the daunting challenge of adapting related cloud strategies to ensure optimal alignment, from managing complexity to ensuring proper governance. How can culture, automation, legacy apps and even budget be reexamined to enable this ongoing shift within the modern software factory?
New competitors, disruptive technologies, and growing expectations are pushing every business to both adopt and deliver new digital services. This ‘Digital Transformation’ demands rapid delivery and continuous iteration of new competitive services via multiple channels, which in turn demands new service delivery techniques – including DevOps. In this power panel at @DevOpsSummit 20th Cloud Expo, moderated by DevOps Conference Co-Chair Andi Mann, panelists will examine how DevOps helps to meet th...