Industrial Project Innovation Hires Brent Cooler as Chief Financial Officer

Industrial Project Innovation (IPI) announced that it has welcomed Brent Cooler to the team as their new Chief Financial Officer (CFO). Brent will be based at the home office in Greenville, South Carolina.

Brent has over 15 years of accounting experience in various industries. Previously, he held roles at Clear Touch Interactive as CFO, 1st Franklin Financial Corporation as VP of Internal Audit, World Acceptance Corporation as VP of Accounting, Computer Software Innovations, Inc. as Corporate Controller, and Deloitte and Touche as a Senior Auditor. He has a strong background in audit, taxes, reporting and compliance, internal controls and financial forecasts. In his new role as CFO at IPI, Brent will provide leadership and direction for the company’s financial activities and offer strategic recommendations to executive management.

IPI Owner and Business Manager Kevin Ball asserted, “We are excited to have Brent join the company.  Having his finance and accounting expertise to guide our strategies and decisions will be important as our operations continue to expand.”

Brent is a Certified Public Accountant (CPA). He graduated from the University of South Carolina with a Bachelor of Science in Accounting and Management with a Specialization in International Business. Brent studied abroad at the Universidad de Palermo in Buenos Aires, Argentina where he focused on Spanish and International Business. He also completed the AFSA Leadership Development Program through the University of North Carolina at Chapel Hill.

Brent will be a valuable asset to IPI based on his experience and alignment with our core values and culture. We are excited to have him on our team and look forward to tremendous growth in years to come. We would like to extend a warm welcome to Brent and wish him success in his new role.   

Industrial Project Innovation Ranks No. 1 in Construction in South Carolina on the 2020 Inc. 5000 List of Fastest Growing Private Companies

New York, NY (August 12, 2020)Inc. magazine revealed that Industrial Project Innovation (IPI) ranked No. 1 in construction in South Carolina and No. 940 across all industries in the United States. The annual Inc. 5000 list is the most prestigious ranking of the nation’s fastest growing private companies. The list represents a unique look at the most successful companies within the American economy’s most dynamic segment – its independent small businesses. Microsoft, Under Armour, Zappos, Patagonia, Intuit, and many other well-known names gained their first national exposure as honorees on the Inc. 5000.

“We are thrilled to be named on the Inc. 5000 list” said Industrial Project Innovation Owner and Business Manager Kevin Ball. “We have achieved tremendous growth since our inception. We are very thankful for our relationships with clients as well as the dedication of our people which has made this possible”.

Not only have the companies on the 2020 Inc. 5000 been very competitive within their markets, but the list shows staggering growth compared with prior lists as well. The 2020 Inc. 5000 achieved an incredible three-year average growth of over 500 percent, and a median rate of 165 percent. The Inc. 5000’s aggregate revenue was $209 billion in 2019, accounting for over 1 million jobs over the past three years. 

Complete results of the Inc. 5000, including company profiles and an interactive database that can be sorted by industry, region, and other criteria, can be found at www.inc.com/inc5000. The top 500 companies are also being featured in the September issue of Inc., available on newsstands August 12.

“The companies on this year’s Inc. 5000 come from nearly every realm of business,” says Inc. editor-in-chief Scott Omelianuk. “From health and software to media and hospitality, the 2020 list proves that no matter the sector, incredible growth is based on the foundations of tenacity and opportunism.”

The annual Inc. 5000 event honoring the companies on the list will be held virtually from October 23 to 27, 2020. The speakers will include some of the greatest innovators and business leaders of our generation.

More about Inc. and the Inc. 5000

Methodology

The 2020 Inc. 5000 is ranked according to percentage revenue growth when comparing 2016 and 2019. To qualify, companies must have been founded and generating revenue by March 31, 2016. They had to be U.S.-based, privately held, for profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2019. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue required for 2016 is $100,000; the minimum for 2019 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons. Companies on the Inc. 500 are featured in Inc.’s September issue. They represent the top tier of the Inc. 5000, which can be found at http://www.inc.com/inc5000.

IPInsteins Gather in Greenville Home Office for Bi-Annual Meeting

Industrial Project Innovation’s IPIsteins met in the Greenville home office last week for their bi-annual meeting. The IPInsteins are comprised of motivated and talented individuals within the firm ages 35 and under. There are 22 active members. The group’s main objectives are to facilitate camaraderie, develop new hires, serve communities, collect feedback and collaborate with the IPI Leadership Committee. The members traveled from project sites across the United States to meet in person in order to hold effective discussions about current business, future opportunities, the industry environment and community outreach. The members also had a chance to hold individual discussions with their mentors.

There were several presentations made over the course of the two-day event to include our current sales approach, a lunch and learn on Megaslab™ technologies, Procore™ training, State of Logistics in South Carolina, and an open discussion with the Owner’s Panel. In the interim, the members networked over meals and at social events. The IPInsteins closed-out the conference with a visit to the BMW Performance Center and Test Track.  The members will return to their respective project sites with new information that can be shared with their teams, and a refreshed outlook on operations.

IPI Summer Internship Series: Featuring Daeonna Jackson

Industrial Project Innovation (IPI) is in the second month of this summer’s rotational internship program. It is open to college juniors and seniors in good academic standing who are pursuing degrees in construction, engineering or business management. The program facilitates valuable training that can be used throughout an intern’s career including 30 Hour OSHA Certification and Procore® Training Modules. It includes a mentorship component in which our interns receive career guidance from one of our construction management experts. It also allows our interns to participate in IPInsteins initiatives such as lunch and learn events and the bi-annual off-site meeting.  

Daeonna Jackson is this week’s featured intern. Daeonna is a student at Clemson University where she studies Construction Science and Management. This summer, she is based in Commerce, Georgia where she is an intern at the SK Battery America site. There, she tracks site progress, organizes inspection reports, and shadows inspection walks. She aids in the creation and completion of punch lists. She also serves on a Safety and Wellness Task Force. We conducted a short interview with Daeonna to find out what she thinks of the internship so far:

How were you introduced to Industrial Project Innovation?

I found out about IPI from the Construction Career Fair at Clemson University last fall.

What are your future career goals?

My future career goals are to stay grounded at one company for at least 5-10 years, then eventually branch off to begin my own business.

How does the company align with your career goals?

This company is a great starting point for me to learn about the industrial aspect of construction. It is helping me gain the knowledge that I need outside of residential construction.

What do you hope to gain from this internship?

I hope to learn a little bit about every concentration of expertise that is involved with the SK Battery America project in order to gauge where I would be best suited in this industry.

What is your favorite aspect of the internship so far?

My favorite aspect of the internship so far is being able to go on walks on the site with different people and being able to learn what they see through their eyes when they are inspecting a particular area on the job site.

What is one unexpected thing that you have learned during your time at Industrial Project Innovation?

An unexpected thing that I have learned at IPI is how to handle everything during a pandemic.  It has been interesting to learn how to work with employees as well as how to keep productivity on the job site while implementing new guidelines and rules.

What is one milestone you would like to accomplish before the end of the internship?

I would like to be able to work through a punch list on my own before the end of the internship. I would like to be able to gain insight and apply it on my own.

Would you recommend the internship to other students? Why or why not?

I would definitely recommend the internship to other students. I think regardless of anything being able to come out on the job site is a great opportunity to start, and I believe that anyone can gain real knowledge from working with IPI.

IPI Summer Internship Series: Featuring Cameron Krogstad

Industrial Project Innovation (IPI) introduced our rotational internship program last month. It is open to college juniors and seniors in good academic standing who are pursuing degrees in construction, engineering or business management. Generally, interns spend 2 to 3 months in the field gaining a first-hand account of construction operations followed up with important office experience such as how to manage submittals and assist with project close-outs. The program also provides valuable training that can be used throughout an intern’s career including 30-Hour OSHA Certification and Procore Training Modules. IPI hopes to provide a valuable learning experience that aspiring construction professionals can draw from well beyond the semester spent with our team.

Cameron Krogstad is this week’s featured intern. Cameron is a student at North Carolina State University’s College of Engineering where he majors in Civil Engineering. He has spent two consecutive summers with IPI. Last year, he worked at the Mazda-Toyota Manufacturing US (MTMUS) site in Huntsville, AL where he specialized in progress reporting and environmental monitoring. He also gained valuable lessons in civil and site work.

This summer, Cameron is on site at Toyota Motor Manufacturing Tennessee (TMMTN) in Jackson, TN. He shadows leads in mechanical and electrical trades. He develops progress reports to present to the Toyota management team. He also acts as a liaison between the Program Management team, the General Contractor, and the Environmental Management Contractor to ensure BMPs and Environmental Controls are current based on site activities. Cameron is excited to further his construction management knowledge and sharpen his communication skills.

We asked him about his vision for the future and his overall internship experience:

What are your future career goals?

I would like to grow with IPI and continue to work for them after graduation. One of the things that motivated me when I first got this internship was how lucky I was to work with such experienced people in such a young company. I would hope that I can continue to grow with this company and eventually become a mentor to others.

How does the business align with your career goals?

I am not one to enjoy staying in one place. I have an adventurous mindset and I love moving and traveling to new places. From what I have noticed, this business aligns with those aspirations. Through working with the company, I will continue to grow and meet new people. Meeting new people and networking should be a goal for anyone in life and I believe this business maximizes those opportunities.

What is your favorite aspect of the internship so far?

My favorite aspect of the internship are the people I have worked with. Though I have little experience and merit, my colleagues are willing to share their knowledge and value my opinion in matters. The inclusiveness of those I have worked with is inspiring.

What is one unexpected thing that you have learned during your time at Industrial Project Innovation?

I have learned that my coworkers are here to help me learn and help me grow. They aren’t here to expose my inexperience, but they are a resource to mentor me.

Thank you, Cameron. We are pleased you have decided to join our team for a second summer! We appreciate your continued hard work!