Subscriber Benefit
As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe NowRevenue growth FY 2022 to 2024: 324.84%
2024 revenue: $63.7 million
Repeat: Inherent is No. 1 on the Fast 25 for the second consecutive year. Greg Looney, CEO and founder of the general contracting and construction management firm, said the exponential increase in revenue is the culmination of jobs the company had going and others that it picked up. “Activity breeds activity,” he said, “so the more we started doing, the more people started recognizing the opportunities we were getting. The result is a snowball effect.”
Backstory: Looney founded Inherent in 2019. He’d been in the construction industry about eight years, had good mentors and had worked for good companies, but he also had the desire to see what he could do on his own. “We’ve been very fortunate to have a lot of traction in the greater Indianapolis market,” he said. The company’s tagline is “built on relationships,” and Looney said that means relationships with employees, architects, engineers, subcontractors and everybody else involved in a construction project.
Work sample: Looney said those who want to see an example of Inherent’s work should look at COhatch Polk Stables at East 16th Street and the Monon Trail. This adaptive reuse of a 115-year-old building is home to COhatch coworking space, but at one time it was the stable for mules that pulled delivery carriages for the Polk Sanitary Milk Co. “We were on that project for almost three years, reconstructing it to make it last another hundred years. Definitely proud of that.”
Multifamily construction: Looney said Inherent has made a big push and gotten a lot of traction in the multifamily space. The company currently has 1,048 apartment units being built in Indiana, mainly in central Indiana, for several clients and has another thousand units in some form of preconstruction that it expects to start building sometime this year.
Looking ahead: Looney said Inherent’s plan is to “continue to serve our clients in a big way and keep growing what we’ve done thus far. We’ve had some fortunate success, but I feel like we’re just getting started. It’s not an easy industry, a lot of moving parts. To be working with a couple of people and continuing to do more and more of their work and for them [to be] entrusting us, that’s what we want to continue doing.”•
Check out more of IBJ’s ranking of Indy’s fastest-growing companies.
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