This audio is automatically generated. Please let us know if you have any comments.
For the first time in nine years, Adolfson & Peterson will have a new CEO.
Brad Hendrickson
Permission granted by Adolfson & Peterson
Jeff Hansen, CEO of the Minneapolis-based builder, will retire effective June 1, and COO Brad Hendrickson will take his placeaccording to a Wednesday press release. Under Hansen’s leadership since 2017, the company has expanded its market presence in places such as Bismarck, North Dakota and achieved important growth milestones in central Texas.
Hendrickson joined the company as president of its Midwest region in 2021 after 31 years at PCL Construction and was elevated to the position of COO last march He began his career as a field engineer before reaching AP’s C-suite. He will continue to serve as chief operating officer during the transition period.
The leadership change comes as the company closes out what it expects to be a strong fiscal year in February. The company predicted it will exceed $1.5 billion in total revenue with 87% of the portfolio secured for the next fiscal year. It also increased its workforce by 25% during the year.
Going forward, AP’s strategy will remain unchanged, Hendrickson told Construction Dive via email.
“We will prioritize growth in markets and sectors where we have strong expertise, strong customer relationships and a proven track record,” Hendrickson said. “This includes secure facilities, healthcare, education, advanced manufacturing and municipal work in all regions.”
Other contractors are also executing succession plans to begin in 2026. Brentwood, Tenn.-based Bell Construction, for example, added 4 new owners to their property team. Meanwhile, based in Portland, Oregon Fortis Construction was named Andrea Weisheimer as its new president.
