For the third year in a row, Precision Construction Services is in the upper ranks of the Inc. 5000 list of fastest-growing private companies in America. At No. 1,635, and with a three-year growth rate of 318%, Precision is also the No. 1 construction firm in the San Luis Obispo region, the area’s third-fastest growing company overall and its only repeat honoree.
The rankings, which Inc. announced, cap a year of accomplishment and growth for this award winning construction firm. In May, the Small Business Administration named Precision the 2024 Prime Contractor of the Year for the Pacific Region of the United States. This is the federal agency’s highest procurement honor, in a region with more than 46,000 federal contractors spanning California, Nevada, Arizona, Hawaii and Guam. In July, Precision’s work at Vandenberg Space Force Base and contributions to the Central Coast community were recognized by a 2024 Spirit of Small Business Award, jointly presented by the SBA and the Pacific Coast Business Times.
“When we started out 11 years ago, the idea of making the Inc. 5000 was an exciting idea — we never imagined making the list three years in a row,” said Karl Vaillancourt, one of Precision’s three principals. “Our ability to maintain this pace of growth is a testament to our amazing team and all the work they’ve put into making our company effective, dynamic and scalable.”
“We are extremely proud of the work we are doing for our clients both regionally and here on the Central Coast,” Vaillancourt said. ”Our love of this place and our desire to live and raise our families here is why we are headquartered in San Luis Obispo. To see our company doing important work in the local community, creating jobs and having a positive impact is incredibly rewarding.”