It’s been quite the marketing run at Omnibuild here in 2016. We were recognized at #28 on Crain’s Fast 50, a list of the fastest growing companies in New York City. From the article:
Chief Operating Officer John Mingione, 47, has been in the construction business for two-thirds of his life, which is one reason his clients trust him with so much of their business.
“That’s my elevator pitch: 85% of our work is from return clients,” he said.
Omnibuild is a general contractor working on hotel, residential and commercial projects. The firm is renovating the Hotel Chelsea and converting a building along the High Line into offices, for example. On a typical job, Omnibuild will work with a developer and manage 15 to 25 subcontractors.
Mingione started the firm in 2007, about a year before the real estate market in New York City tanked. In that short time, Omnibuild worked with enough developers and started enough projects to sustain it through the downturn and come out strong on the other side. “We had a good reputation and, even though things were bad, we kept our employees,” he said. “We figured out how to make it work.”
In 2015, Omnibuild acquired Cava Construction, which it had previously partnered with on some projects. Mingione became the COO, while Peter Serpico took over duties as chief executive. The newly merged company began hiring a younger workforce, which Mingione credits as another driving force behind the firm’s growth. As of now, Omnibuild has enough business to keep it busy for the next three years.
If the next downward turn of the real estate cycle lasts longer than that, Mingione knows what to do. Before Omnibuild, he ran a construction firm that focused on interior renovations. That experience has come in handy—when the market for new construction dries up, Omnibuild turns to renovations. Hotels in particular are constantly in need of face-lifts.
“There is always work in the tristate area,” he said. But even if there isn’t, Mingione has the wherewithal to simply buy land and build a project using Omnibuild. Along with a partner, the firm just finished a hotel on Eighth Avenue.