Companies | by Thomas J. Finan, Publisher | 05/18/2008
On May 1 KCI Construction Company owner Doug Jones completed a deal with three key employees to transfer company ownership to them.
Almost a year of discussions resulted in Tom Huster, Brent Krueger and Jon Schenk purchasing 100 percent of the company from Jones. Under the terms of the purchase, Jones will remain with the firm for the next 12 years.
KCI saw nearly a 15 percent increase in its revenue last year. Earlier this year Jones was quoted as saying that the firm's 2008 prospects remain positive, with a backlog pushing $125 million. About $85 million of KCI's work will take place in Columbia, Mo., where the company aggressively pursued and deals with clients that include the University of Missouri. KCI has offices in St. Louis and Lebanon, MO, and is reportedly considering opening an office in Columbia
Charles Kloster founded the company in 1922. In the early '50s,
Charles turned it over to his sons George and Bernard Kloster. In 1985,
the Richard Grebel and Jones began the purchase of the company from
George and Bernard, which was completed in 1995. Grebel, who was instrumental in the founding of the Construction Careers Center, died in a one-car accident in 2005.