Gilbane Building Co. reports record sales, revenue in 2017

PROVIDENCE – Gilbane Building Co., a division of Gilbane Inc. headquartered in Providence, reported this week that the company had record sales, profits, revenue and backlog levels in 2017, according to its annual report.

The company, which is privately held, did not disclose figures in the report issued Wednesday. However, its parent company, Gilbane Inc., in December 2016 reported $4.874 billion in revenue for that year, according to the Providence Business News 2018 Book of Lists.

Gilbane is a family-owned construction and real estate development company. The parent company, which includes both Gilbane Building Co. and Gilbane Development, is the second-largest private employer in Rhode Island, and is in 78th position on the Forbes list of the country’s largest companies.

In its annual report, Gilbane Building reported that it has 2,800 employees worldwide.

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Among its notable projects, the company identified the Miami Cancer Institute, one of 12 proton therapy centers it has constructed nationally. The projects involve 240-ton cyclotrons that are placed in buildings encased in concrete walls that are 8-feet to 13-feet-thick.

The report includes a photograph of Michael McKelvy, president and CEO of Gilbane Building Co., at the construction location of the Twin River Casino in Tiverton.

Mary MacDonald is a staff writer for the PBN. Contact her at macdonald@PBN.com.