Kiewit Corporation Explained

Kiewit Corporation
Type:Private, Employee-owned
Foundation:1884 (Kiewit Brothers)
Location:1550 Mike Fahey St, Omaha, NE, U.S.
Key People:Rick Lanoha
(CEO)
Num Employees:31,100 [1]
Num Employees Year:2023
Industry:Construction, mining, engineering[2]
Revenue:US$17.1 billion (2023)
Net Income: US$419 million (2020)
Homepage:www.kiewit.com

Kiewit Corporation is an American privately held construction company based in Omaha, Nebraska founded in 1884. In 2021, it was ranked 243rd on the Fortune 500.[3] Privately held, it is one of the largest construction and engineering organizations in North America.[4] It is an employee-owned company.

History

The company was founded in 1884 as Kiewit Brothers Masonry Contractors by Peter and Andrew Kiewit, who were of Dutch descent. Their father, John Kiewit, emigrated from The Hague in 1857, where he learned the trade of brickmaking. John Kiewit established a brickyard in Omaha, Nebraska where his sons worked and learned the skills for their masonry business. Early projects included the seven-story Lincoln Hotel in Lincoln as stonemasons and the Bekins warehouse as general contractor. It is an employee-owned company.[5]

The original brothers dissolved their partnership in 1904 and the founding Peter Kiewit continued as a sole proprietorship. In 1912, two of his sons, Ralph and George Kiewit, joined their father as partners in the firm. One of their constructions was the Omaha Fire Department Hose Company No. 4 building, erected in 1913.[6] When the founding Peter Kiewit died in 1914,[7] his son Ralph led the company. George and Ralph Kiewit left the company.[8]

The founder's youngest son, Peter Kiewit Jr., joined the firm in 1919. He led the firm from 1924 until his death in 1979. Peter Jr. turned the firm into one of the largest construction companies in the world. He was also very active in the Omaha area, including leadership of the Knights of Ak-Sar-Ben.

In 1931, Peter Kiewit incorporated the company as Peter Kiewit Sons’ Co. The firm began building transportation projects during the Great Depression.

Walter Scott was also a key figure in the growth of Kiewit. Scott was initially hired to work on the tower project at the Nebraska State Capitol and spent the remainder of his career at Kiewit becoming chief engineer.

Notable projects

Leadership

Rick Lanoha is the current chief executive officer of Kiewit Corporation. His predecessors include Peter Kiewit, Bob Wilson, Walter Scott Jr., Ken Stinson, and Bruce E. Grewcock. Prior to Grewcock's retirement, on January 1, 2020, Lanoha had served as president and chief operating officer since 2016 and was elected to Kiewit's board of directors in 2009.[13]

Walter Scott, Jr. was first elected to the Peter Kiewit Sons' Incorporated board in 1964. In 1979, he was elected president. When Peter Kiewit died later that same year, Scott was selected to succeed him as chairman.[14]

Expansions

In 1963, Peter Kiewit bought the Omaha World-Herald to keep it locally owned. Under the terms of his will, the employees bought the paper in 1979.

Starting in 1985 (Kiewit built MFS in the early 1990s; Level 3 was built in the 1997 to 1999 circa), Kiewit also constructed a nationwide fiber optic network. This network was later spun off as Level 3 Communications, which became the formal successor corporation to the original Peter Kiewit Sons'.[15]

They have a training facility called Kiewit University in its new Omaha, Nebraska campus that trains employees from throughout the US.[16]

Acquired companies

Notes and References

  1. Web site: Peter Kiewit Sons' . Kiewit . 16 Aug 2024.
  2. Web site: Peter Kiewit Sons' . Fortune . 25 May 2021.
  3. Web site: Peter Kiewit Sons' 2021 Fortune 500 . 2020-09-18 . Fortune . en.
  4. Web site: More on Braidy: 1,500 construction jobs planned . Puit . Glenn . The Independent Online . 17 August 2018 . en . 2018-12-09.
  5. News: Aratani . Lori . Clark Construction makes its mark across D.C. region . 17 May 2021 . The Washington Post . 26 May 2013.
  6. https://omahabydesign.org/old-firehouse-new-life-exploration-by-design/ "OLD FIREHOUSE, NEW LIFE | EXPLORATION BY DESIGN"
  7. The Omaha Daily Bee Newspaper, June 10, 1914
  8. Book: Rodengen, Jeffrey . Kiewit: An Uncommon Company . Write Stuff Enterprises, Inc. . 2009 . 9781932022360 . 23.
  9. News: Greenhouse . Steven . 13 July 1984 . Kiewit breaks with tradition . 17 May 2021 . The New York Times.
  10. News: To Break Ground For 63rd St., East River Tunnel . 25 May 2021 . New York Leader-Observer . 20 November 1969.
  11. News: Lester . David . Safeco Field Builders Take on Keechelus Dam . 17 May 2021 . Yakima Herald-Republic . 20 April 2002.
  12. News: Parsons . Jim . DC Metro Extension's Precast Supplier Banned from Federal Contracts . 17 May 2021 . Engineering News-Record . 5 November 2020.
  13. Web site: Home.
  14. Book: Limprecht, Hollis . The Kiewit Story . 1981 . viii.
  15. Web site: 10-K Form 2000 . Securities and Exchange Commission . 17 March 2000 . 2 April 2015.
  16. Web site: Gonzalez . Cindy . March 12, 2021 . Kiewit's downtown move triggers chain reaction . 2021-03-16 . Omaha.com . en.