Colorado Springs-based government contractor BASCO Group LLC is proving itself to be a dynamic force in general contracting, as well as the other services it provides.
Since 2013, the company has grown from 11 to 39 full-time employees and has also increased its gross annual revenue from $1.1 million in 2013 to more than $5 million in 2014 and is expected to clear $11 million by the end of 2015.
Aside from general contracting services for the Armed Forces, BASCO contracts with federal agencies to provide services related to construction, demolition, utilities, athletic fields and temporary building structures. The company currently has contracts in Colorado, Montana, Wyoming, New Mexico, Oklahoma and Texas.
Vice President of Operations James Jessen spoke to the Business Journal this week about the company.
Why was the company started and why did the founders chose to focus on this specific field?
The company was founded and started much like other small businesses. Both partners worked for larger companies in the same government industry. For BASCO it was simple: It was about building a company with a culture based on community — being able to provide jobs and sustainability for those who need it most.
What makes the business stand out among others in the industry?
BASCO stands tall on the belief of our core values. We often have managers and employees call with a specific question of how to handle a situation or problem. The answer is simple, what would you do in relation to our core values? Those values are accountability, community, communication and prosperity.
Do you have any advice for other business owners?
Never forget where you came from and the struggles that helped mold you into who you are today. When handling adversity, don’t focus on the “coulda, woulda, shoulda.” Focus on what is in front of you and forward progress. Stay humble and stay hungry.
What do you think of the business environment in Colorado Springs? If you could change something, what would it be?
I think in Colorado Springs you have to be dedicated to the culture and the environment. Like most places, people can get hung up on change because it either intimidates them or they just like the consistency of where things are. I believe there are some great things on the horizon for this town and community. I believe that embracing change and progress is something that most people here want for the future of our families and community.
What are some challenges you have faced?
Being in the construction industry, it goes without saying that the weather is a huge challenge for us. Since the market slump in ‘07-’08, we as a construction community have lost a lot of great and knowledgeable people. Being able to find skilled tradesman and staff has always been a challenge.
How did you overcome them?
To overcome this, BASCO started an internal training program. Last summer we sent every single employee to OSHA 10HR and all of our management staff to receive their OSHA 40HR and EM385 40HR certifications. At the end of the day, the most important thing is that everybody gets to go home.
Is there one thing about your business you want people to know?
It truly has been one of the greatest honors of our lives to be able to put our veterans back to work as they are coming home from deployment. I think it’s important in a military town to never take for granted our heroes and the sacrifices they have made for our country and community.
Editor’s note: We will feature each of the 13 winning fastest-growing companies in upcoming CSBJ editions.