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00:00 Speaker A
Javis, thank you so much for joining us. Um, talk to me about why you guys decided to go public. I mean, there are certainly a lot of construction firms that remain private and family held as as yours is. Um, so what do you have your eye on uh through this IPO?
00:24 Javis
So I think the IPO for us is the beginning of another beginning. We started about a decade ago and with about five of us. We and we did about a million bucks worth of revenue. And today we did about uh four and a half billion of revenue and we have about 8,000 team members. But the scope of the problem in construction, and just for scale, construction is 11 trillion dollar industry and people, materials, machines. The technology we’ve built fundamentally changes how job sites run. and we do think the public markets with a opportunity this big are the best place to do that.
01:32 Speaker B
Javis, you want to expand uh your business from about 340 locations to about 700 locations. What are the challenges in your way to do that? And what’s your message to investors here? How do you plan to do that now moving forward?
01:54 Javis
Yeah, absolutely. We’re expanding from the 350 to 700 by 2030 and about 20 billion of OEC. And if you think of the growth we’ve done since 2015, growing from that about a million bucks a year to the four and a half billion. That is really that phase of growth has set us up to really transform the industry. And the scale, the scope of the problem, as we discussed before, necessitates a company like us doing it. But it is done very methodically. It’s done by that customer pull through. and we use an organic growth plan, which is a little bit different from the peer group, but it gives us a unique advantage as we scale.