The story behind JHL Constructors’ president and CEO is more the exception than the norm for a general contractor these days: Ben Stellor has worked at just one company—JHL—for his entire career.
At 100 years old, Jacobsen Construction shows no signs of slowing down. A stalwart of the Utah construction industry, Jacobsen had its best year yet in 2021, with the firm earning record revenue of $740 million from projects across the U.S. More than $585 million came from projects built in the Mountain States, an increase of 25% from 2020. And if the firm meets its overall 2022 projected revenue of $900 million plus, it will keep breaking records.
While the region’s seven states report improved public and private markets from 2021 through this year, problems with the availability and delivery of materials, labor shortages and the rise in inflation continue to curb revenue and expectations at construction firms.