Stretching its horizons fuels market growth

CEO (OR EQUIVALENT):John G. Picerne,  founder and CEO2014 REVENUE: $417.5 million2012 REVENUE:  $288.3 millionREVENUE GROWTH: 45%
CEO (OR EQUIVALENT):John G. Picerne, founder and CEO2014 REVENUE: $417.5 million2012 REVENUE: $288.3 millionREVENUE GROWTH: 45%

Corvias Group, a development, construction and property-management firm based in East Greenwich, used its proven track record in military housing to develop a new business line – one that has resulted in revenue growth of 45 percent.

“We realized about three years ago that we needed to expand … and look at other areas of the country where institutions were struggling with infrastructure challenges,” said John G. Picerne, founder and CEO.

Corvias cut its teeth in campus housing with the Alabama College of Osteopathic Medicine, learning the unique challenges of that market. The business has since grown from there. Corvias won a 65-year, $550 million, 10,000-bed contract across the nine campuses of the University of Georgia system. “We realized that most of their solutions were nearsighted,” Picerne said. “We were able to present them with what we’ve learned how to do – which is provide long-term solutions.”

Also three years ago, Corvias started working with the U.S. Environmental Protection Agency to retrofit Prince George’s County, Md., with improved stormwater management systems. “We estimate we’ll be doing about a billion dollars of work over the course of the next five to six years,” said Picerne. •

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