Annual Revenue up 35% for GreenHeart Companies
BOARDMAN, Ohio — GreenHeart Companies saw a 35% increase in yearly revenues in 2019.
The company, founded in 1974, partners in commercial and residential construction through its five divisions: homes and design center, windows, restoration and millwork, property management and Harvey’s Floor Coverings.
GreenHeart’s growth in 2019 necessitated the hiring of additional project managers, site superintendents and support personnel. The Property Management Group expanded, and John Angelilli became a licensed real estate sales agent.
The company now employs 42 and is active in Ohio, western Pennsylvania and West Virginia.
GreenHeart also continued to invest in enterprise resource planning software platforms and expects to migrate all accounting and project management to this new software platform in 2020. “More important than price is how quickly GreenHeart can deliver a finished product by combining the technology and talent to create efficiencies and streamlines processes,” says Brian Angelilli, company founder and president.
GreenHeart has plans for growth in 2020 for all of its divisions, Angellili says.
In commercial construction, a 25% growth rate is expected for top-line revenue, including the addition of multi-state licensing for general contractor work.
The homes-design center will add new developments in Ohio and western Pennsylvania, with a 25% growth rate is expected.
The restoration and millwork division is expanding into southern Ohio and West Virginia with the asset purchase of Allegheny Restoration and Millwork, and the integration of personnel specializing in historic preservation will provide added capability and capacity. A 200% growth in revenue is anticipated.
GreenHeart Homes’ plans include the continued development of GreenHeart’s residential communities: The Lakes at Sharrott Hill in North Lima, Bristol Park Estates in Boardman, Hampton Ridge Estates in Springfield, Reserve Run in Poland, Villas at Bricker Crossing in Salem, and Wynfield Commons in New Wilmington, Pa.
In 2020, GreenHeart also will streamline its delivery systems.
“We are adopting internal employee benchmarking systems that link employee performance data to overall company performance,” Angelilli says. “Providing these performance measures not only fosters healthy internal competition, but also aligns employees with the strategic goals of the company. By coupling these strategies, companies can effectively improve the best employees and provide specialized training to allow continued employee advancement.”
Pictured: GreenHeart Companies’ new design center at 6001 Southern Blvd. #105, Youngstown, Ohio.
Copyright 2024 The Business Journal, Youngstown, Ohio.
