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Ivey’s Plumbing and Electrical
Company was founded in 1947 by Mr. Kermit Ivey in
Kosciusko, Mississippi. The small repair shop
focused on residential and small commercial
construction. The company continued on a steady
growth pattern with annual sales that approached a
half-million dollars by 1958.
It was in this year that the founder’s son, Marlin,
joined the partnership with his father. The
partnership was based upon
an agreement to shift the marketing focus from
residential to commercial projects.
The first major commercial job the company acquired
was the electrical contract for the new East and
West Side Elementary Schools in Kosciusko. During
the sixties, the company was a major player in
mechanical construction throughout the state of
Mississippi. Ivey’s participated in numerous major
projects, including the Twin Towers construction on
the campus of the University of Mississippi at
Oxford in 1968. Ivey’s was building a quality
reputation, which later served as the key value that
led to progress and expansion.
The name Ivey’s Plumbing and Electrical Company was
changed in 1969 to Ivey’s, Inc. shortly after Kermit
Ivey’s death. By this
time, the growth mode had been well established. In the
early 70’s, Ivey’s took a new direction when the
local markets dried up. They secured a major project with the
federal government for barracks work at Keesler Air
Force Base in Biloxi,
Mississippi.
This proved to be a significant turning point for
the company and a beginning of geographical
expansion. Marlin Ivey began
to shape the company’s philosophy of going where the
work was, which eventually led to opening offices
throughout the Southeast in order to be able to
better service customers through a more local
approach.
In the seventies, contract work with the military
began to decline. Ivey’s responded by obtaining a
number of
government contracts in several states performing
mechanical work on a variety of government
buildings.
In 1973, Ivey’s took on their first V. A.
hospital project. Through the mid-seventies, Ivey’s
work was approximately 90%
government work. Through this work, Ivey’s became
associated with a number of prime contractors for
medical facilities.
By the late seventies as government work slowed. Ivey’s was
positioned to move toward private
hospital contracting.
In 1990, J. Marlin Ivey stepped down as Board
Chairman and his son, Joe Ivey, took over
controls of what had become one of the largest
mechanical contractors in the country. The daily
operations were managed by President Larry
Terrell. The name of the company was changed to
Ivey Mechanical Company, Inc. to facilitate the
change in management and ownership. During the
nineties, the company grew in revenue from $50
million to over $140 million. With the late
nineties came a wave of consolidations within
the industry. Ivey Mechanical Company briefly
became part of this movement in 1998 before
acquiring itself back in early 2003.
Today the company operates under the leadership
of Larry Terrell and still does so under the
name of Ivey Mechanical Company, LLC. Ivey
currently has revenues around $200 million,
bonding capacity at $250 million and continues
to maintain a strong and healthy balance sheet.
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