Article: Back from bankruptcy: Pickens-Bond's new owner, Hensel Phelps, has revved up revenues to $100 million in 1990. (company profile)

Back From Bankruptcy

Pickens-Bond's New Owner, Hensel Phelps, Has Revved Up Revenues To $100 Million In 1990

In January of 1989, Colorado-based construction giant Hensel Phelps sent Bob Daniels to Little Rock to untangle the affairs of its new acquisition. After Daniels arrived, however, he almost didn't unpack his bags.

His mission was to clear away the debris left after venerable Pickens-Bond Construction collapsed in the summer of 1987 and was bought by Phelps. For Daniels, his new task seemed insurmountable.

"I was told the southeast market was dead and that the Arkansas economy was dead," recalls the affable 38-year-old division ...

Related newspaper, magazine, and journal articles:

 
 
Newsweek Harper's Magazine The Washington Post Chicago Tribune Crain's Chicago Business PRNewswire Pediatric News The Nation Advertising Age The Economist (US) A FREE trial gives you access to over 80 million articles! Access over 6,500 publications with a FREE trial!