Now in its 22nd year of operation, Marand Builders was started by Francisco Alvarado, who had worked for Hoechst Celanese for 14 years in the 1980s and ‘90s. The contractor focuses on financial services, health care and energy sector projects through its six offices in Florida, Georgia, North Carolina and Virginia.
The pandemic delayed some projects, but Marand still had solid results with $89 million in revenue in 2021.
Alvarado — who is a passionate supporter of his alma mater, Louisiana State University — has gained influence in Charlotte. He serves as a board member of the Charlotte Executive Leadership Council, which is made up of CEOs at the Queen City’s major employers. He is also on the boards of the Charlotte Sports Council and Fifth Third Bank N.C. affiliate and McColl Center.
The business has a family flavor with Alvarado’s wife, Jeannette, serving as vice president of finance and overseeing the human resources function. Their sons, Marcelo and Andres, are also active in managing projects. More than half of the staff is female and/or minority, while the company has a goal of assigning 30% of its subcontracts to minority-owned businesses.