NewsBlack-Owned Firm To Oversee $215M Arena Renovation For Charlotte Hornets In Joint...

Black-Owned Firm To Oversee $215M Arena Renovation For Charlotte Hornets In Joint Venture –

A Black-owned construction firm spearheading $215 million renovation of the Spectrum Center, home arena for the Charlotte Hornets.

Embarking on its second-largest revenue-generating project ever, D.A. Everett Construction Group  (DAECG) plans to begin work this spring on the $215 million renovation of the Spectrum Center in North Carolina.

Enhancing the firm’s strategic growth and visibility

Revenue aside, Everett says the Spectrum deal will be a windfall for the firm in many ways long after the work is finished. “This project has gained a lot of attention locally and nationally, allowing us to become omnipresent. It will further position us to secure other large commercial and public assembly projects locally and regionally that we might not have otherwise been positioned for without it.”

Armed with over 25 years of experience, Everett has led and delivered commercial construction projects exceeding $2 billion. As DAECG’s president and CEO, Everett’s duties today include driving the firm’s growth plan, fostering strategic partnerships, and building high-performing teams.
Growing experience as a sports and entertainment contractor

Everett says Turner Construction and his firm won the Spectrum Center contract approved by the city of Charlotte after competing with two other reputable firms. He says Turner’s successful completion of the State Farm Arena renovations for the Atlanta Hawks and his firm’s recent renovation of the Bojangles Coliseum-Oven Auditorium renovation for Charlotte were catalysts that show the companies were the best team for the venture.
“This project affords D.A. Everett increased visibility of our qualifications and capabilities and allows us to strengthen and grow our experience as sports and entertainment contractors,” Everett says.
DAECG largely provides advanced planning and preconstruction services and construction management. It caters to multiple sectors, including automotive, healthcare, higher education, life sciences, public assembly, and the government. It operates in North Carolina, South Carolina, and the U.S. Virgin Islands.

Sustaining growth despite challenges
To help facilitate and sustain its growth, Everett and his team intentionally set lofty goals. He says that includes constantly checking that the firm is meeting financial performance goals and doing work within its strategic plan. “Along the way, we experienced some challenges and failures, as expected in this business, but we never lowered our target; we assessed, looked for the lesson, and kept pushing forward.”

Moving forward, Everett says his firm will keep monitoring the health and growth of new markets. That calls for identifying geographical expansion opportunities in Southeast U.S. areas like Atlanta. “Atlanta has a great inclusive business environment, especially for Black-owned businesses, and the vertical markets that we serve have strong fundamentals for continued construction growth trends in that metro market.”
Identifying a niche and filling a void

 “I also saw a void in the market of Black-owned commercial construction companies that were operating at large scale or didn’t appear to have a growth mindset after years of being in the business.”

Source: Black Enterprise

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