Kiewit Corporation history, company profile (overview) and corporate video
Kiewit Corporation is a construction company headquartered in Omaha, Nebraska, United States.
HISTORY
Kiewit Corporation’s history began in 1884 when two sons of a brick maker, Peter and Andrew Kiewit, formed Kiewit Brothers Masonry Contractors, a masonry contracting partnership, in Omaha, Nebraska.
In 1889, Kiewit Brothers was awarded its largest masonry contract, the 7-story Lincoln Hotel.
In 1900, the brothers ventured into general contracting with construction of the Bekins Warehouse.
In 1904, they dissolved their partnership, and Peter continued the business as a sole proprietor.
Peter Kiewit had six children. His fifth child and youngest son, born in 1900, also named Peter, was best known for developing the company into a major national contractor during the 20th century.
In 1912, 23-year-old Ralph and 21-year-old George joined their father as partners in the business.
In 1914, Peter Kiewit passed away and Ralph took charge of the business.
In 1924, Kiewit was awarded its first $1 million contract to build the Livestock Exchange Building in Omaha, Nebraska.
In 1924, George also left the company, and the burden of running the company fell to Ralph and Peter. Peter ran the field operations, while Ralph supervised the estimating and bidding activities.
In the late 1920s, the company landed several significant projects that remain Nebraska landmarks: the Nebraska State Capitol Tower (1927), Joslyn Art Museum (1928) and Union Station (1929).
In 1931, Ralph Kiewit moved to California, Peter dissolved the family firm and reorganized it as Peter Kiewit Sons’, Co. The new firm had assets of $125,000. To conserve cash and motivate employees, he began selling shares of company stock to key managers.
In 1969, Peter chooses Bob Wilson to succeed him as president.
In 1979, Walter Scott, Jr., succeeded Bob Wilson as president.
In 1998, Ken Stinson became chairman and CEO of Peter Kiewit Sons’, Inc.
In 2005, Bruce Grewcock became CEO of Peter Kiewit Sons’, Inc.
In 2020, Rick Lanoha became CEO of Peter Kiewit Sons’, Inc.
SECTORS
- Building;
- Industrial;
- Mining;
- Oil, Gas & Chemical;
- Power;
- Transportation;
- Water.
With more than 28,000 employees, Kiewit Corporation is considered one of the largest construction and engineering companies in North America. According to Forbes, it is considered one of the Largest Public Companies in the World.
*Information from Forbes.com, Wikipedia.org, and www.kiewit.com.
**Video published on YouTube by “KiewitCorporation“
