Bridgewater, MA – Callahan Construction Managers announced it has been named to the Boston Business Journal’s 2024 Middle Market Leaders list.
This is Callahan’s first year being named to the list, which tracks the 50 highest-growth middle-market companies in Massachusetts. The ranking is based on Business Journal research and includes private and public companies across multiple industries that had annual revenue between $25 million and $1 billion for 2020, 2021, and 2022.
“Callahan has been in a position of ongoing growth thanks to a strong core of repeat customers and exciting new business opportunities,” said Stephen Callahan, vice president, business development at Callahan. “We pride ourselves on our reputation for delivering best-in-class services that enable us to build incredible projects on behalf of our clients, and this approach to business has enabled us to join the ranks of the Boston Business Journal’s prestigious list of Middle Market Leaders.”
Companies named to the BBJ’s list are ranked by a weighted score that takes into account the percent change in revenue between 2020 and 2022 and the actual value difference in revenue during the same time period. The score is meant to mitigate the difference between revenue growth at smaller companies versus larger companies within the middle market. Companies that did not record revenue growth from 2021 to 2022 were disqualified.
“Callahan Construction and Ironworkers Local 7 have had a working relationship for over 10 years. In our experience, Patrick Callahan, the firm’s president, and Callahan Construction live up to their reputation of a company based on ethical, fair, and professional principles,” said Vincent Coyle Jr., business manager, Local 7 Ironworkers. “Ironworkers Local 7 is proud to have our members working on Callahan projects and looks forward to continued success in the future. Congratulations to Callahan Construction on your well-deserved recognition as a Middle Market Leader!”
This is the fifth year of the Middle Market Leaders program. A final, ranked listing of the Middle Market Leaders was unveiled at an awards event in March.
