By Anjali Fluker and Denise Hicks
Finfrock has evolved and grown tremendously through the last seven decades.
The Apopka-based single-source, vertically-integrated design/build contractor offers multiple construction-related services under one roof, offering an early, guaranteed upfront price to reduce risk and schedules for commercial building projects and parking garages. The company provides its services statewide, as well as in Virginia, Maryland, Indiana, Michigan, Colorado, North Carolina and Texas. And much of its growth has been driven by notable student housing, multifamily and hotel projects.
Finfrock is Central Florida's largest locally based general contractor, as well as being among the region's largest engineering and manufacturing firms. It focuses on using its in-house methodologies, technology and patented DualDeck Building System to deliver a building as a product, rather than as a series of services. In the last year, the company began work on the largest parking garage — 3,000-plus parking spaces in the Walt Disney World Resort — that it's ever completed in a single phase, as well as the largest hotel it has built yet at 2,800 rooms at Universal Orlando Resort.
On the development front, the firm in January broke ground on the $76 million Lake House, a luxury nine-story, downtown-area apartment-with-retail project on the shores of Lake Ivanhoe. The project is being developed by a joint venture between Finfrock, Winter Park-based OneEleven Residential LLC and New York-based Sumitomo Corp. of Americas. Finfrock also started work on a new student housing project for Florida A&M University in Tallahassee. It reported $317.6 million in 2018 revenue, up from $224.4 million the year before.]
With all this work, the company's biggest challenge this year has been effectively managing growth in a tight labor market. "We provide financial incentives to our employees to bring in referrals, an aggressive recruiting effort and an active social media campaign to promote our current job openings," said President Bill Finfrock.
What surprises Finfrock most about his company is that its first three projects built with DualDeck were in the top three new market sectors the firm targeted: hotels, student housing and multifamily. In the future, the firm will continue to pursue new projects — including an office project now in the works — throughout the state of Florida and beyond.
Finfrock earned a spot on Orlando Business Journal's 2019 Fast 50 list, which recognizes Central Florida's 50 fastest-growing private companies headquartered in Orange, Seminole, Lake and Osceola counties. The firms were ranked based on their percentage of revenue growth from 2016-2018.