New Orleans CityBusiness: Fastest Growing Companies 3. Ryan Gootee General Contractors
Editor’s note: CityBusiness tracks the Fastest Growing Companies in the New Orleans area based on information we obtain from our regular surveys of private companies. The five standouts that were featured in our May 10 print edition reported the largest percentage increase in revenue over the past three years among companies that posted between $20 million and $100 million. Businesses that want to be considered for the Fastest Growing Companies list should contact Market Research Director Jessica Greenlee Maldonado at firstname.lastname@example.org.
By: Andrew Valenti, Reporter May 20, 2019 0
Ryan Gootee decided to start his own general contractor firm in 2004 after working for his family’s construction business since he was a teenager.
The company’s construction of the Sazerac House Homeplace at the corner of Canal and Magazine streets, set to open this fall, boosted revenues in 2018. Photo courtesy Sazerac Company
Today, Ryan Gootee General Contractors is one of the fastest growing companies in the New Orleans area in terms of revenue, which increased from $51 million in 2017 to $64 million in 2018. That’s more than double from 2016, when the Metairie-based business posted revenue of $31 million.
Gootee, the company’s president and CEO, said the timing of projects coming out for bid and repeat business had a lot to do with the success.
Gootee said a project that really “moved the needle” was the construction of the Sazerac House Homeplace at the corner of Canal and Magazine streets. The 50,000-square-foot space, set to open this fall, will house a museum, gift shop and Sazerac company offices.
Other large projects the firm has recently completed include a new campus for the Good Shepherd School in Gentilly, The Fillmore at Harrah’s New Orleans music venue on the second floor of the downtown casino and a Robert Fresh Market in the Marigny. Gootee said all the work his company has received in the last six years has been in the private sector.
Gootee said he believes the New Orleans construction industry will remain strong in the near future. While many are worried about the possible oversaturation of the condo and apartment market, Gootee pointed to more short-term rentals coming to the area, particularly along Canal Street. The health care sector will remain robust, he said.
Gootee said his business has used the design-assist method, where the general contractor and architect sign contracts with the developer and work side-by-side from the beginning or a few months into the project.
“Forty-nine of our last 52 projects have used this, so it’s been really successful for us,” he said.