2018 was a good year for corporate America as earnings were up. The five fastest-growing companies on the 2018 list of the Top 100 Private Companies in NH are prime examples of the diverse industries driving NH’s economy. Below is a profile of one of the fastest-growing private companies in NH.
Gary Thomas, president. Photo by Christine Carignan.
Three-Year Avg. Annual Growth: 96%
Rank on Private 100: 70
Headquarters: 22 Hampshire Drive, Hudson, 03051
Product/Service: General contractor, design-build contractor and construction management services
President: Gary Thomas
Total Number of Employees: 43
This 16-year-old construction company is making its debut on the Private 100 as the second fastest growing company. NorthPoint Construction experienced 96 percent average annual revenue growth between 2015 and 2017.
While the construction boom has meant big business for NorthPoint, its future wasn’t always so bright. President Gary Thomas recalls struggling when he and the company were hit hard by the death of his partner, Marcel Turcotte, in a 2007 snowmobile accident, followed by a recession that decimated the construction industry.
By 2009, NorthPoint’s annual revenue had plummeted from $18 million to $5 million. However, Thomas was determined to succeed and build a legacy for his partner. The two had been friends since high school, where they enjoyed shop classes; then right after graduation, they launched a drywall company.
Turcotte continued to grow that business after Thomas left to earn a degree in architecture.
While they continued to work together informally, it wasn’t until 1998 that they decided to blend their strengths and form a construction company, Teamcon, in Massachusetts. Eventually they moved the business to Nashua and changed the name to NorthPoint Construction Management.
About 75 percent of NorthPoint’s business comes from repeat customers, Thomas says. And he attributes their growth to the firm’s ability to take a project from the design stage to handing the keys over to the client.
Because learning the trades in high school was key to shaping his own career, Thomas is involved in an effort to launch Spark Academy, a charter school offering trades courses. “If it wasn’t for my shop teachers and architecture teachers, I wouldn’t be here today,” Thomas says.