Dallas-based MYCON General Contractors Inc. has acquired Pavlovich Construction Services of Grapevine to support the firm’s growth in the industrial and manufacturing sectors, the companies announced Aug. 2.
“This acquisition gives us additional management depth and market reach in the industrial, office and retail interiors, food processing and manufacturing sectors. We are excited about the synergy that this acquisition creates and the opportunities to serve our customers throughout Texas,” said Charles R. Myers, president and CEO of MYCON.
Firm principals of Pavlovich will join MYCON, including Roger Pavlovich as vice president; Justin Swaim, LEED AP, as project director, as well as members of their team.
No price for the transaction was released.
“Joining MYCON offers a great fit for our team and expertise. Our ‘ground up’ construction experience spans over 100 years, and our tenant improvement services have been in high demand,” said Pavlovich.
Pavlovich’s portfolio includes PickUp USA in Coppell, an industrial warehouse conversion to a sports facility; Big Town Distribution Facility in Mesquite, a 300,000-square-foot tenant improvement project; new offices for the Veterans Administration in Dallas; and a tenant finish-out for Briggs Freeman, among others.
Founded in 1987, MYCON General Contractors serves several diverse market sectors, including industrial, manufacturing, commercial office, retail, health care, hospitality, religious, institutional and financial services. With annual revenues of approximately $300 million, MYCON has completed hundreds of commercial construction projects in the North and Central Texas regions.
The firm’s industrial and warehouse project portfolio includes Dallas Logistics Hub Buildings 1 and 2 in Dallas; multiple Public Storage locations; Parkview Commerce Center in Flower Mound; Valwood Corporate Center in Carrollton and Discount Tire Regional Distribution Center in Dallas, among others.
In the past five years, MYCON General Contractors has completed more than 30 industrial projects, representing $293 million in construction volume.
Founded in 2016, Pavlovich Construction provides a wide range of construction services, including pre-construction, tenant improvement, design-build and new construction to customers in the industrial, office/retail and manufacturing sectors. The company’s project portfolio represents more than $19 million.
According to CBRE’s second quarter industrial MarketView report, year-to-date absorption has totaled nearly 10 million square feet with almost 55 percent of new product coming online already pre-committed. At the end of the second quarter, the market-wide vacancy rate hovered at 5.8 percent.
For more on the growing industrial market: www.fortworthbusiness.com/news/building-boom-north-texas-industrial-market-breaking-records/article_2348d350-91bd-11e8-ace8-b34bbe9ebebb.html