Impetus Celebrates 10th Anniversary in Business, Continues Construction Industry Innovation with Launch of Sister Company, RNGD
NEW ORLEANS, Feb. 1, 2023 /PRNewswire/ — Impetus, a W.J. Palmisano company, is excited to mark its 10th anniversary this month as the growing enterprise continues to break new ground in the construction industry.
Launched in 2013 by entrepreneurial Founder and CEO Wesley J. Palmisano, Impetus began with a small team of 11 employees and a big vision to challenge the status quo and build a better world. After two years of strong success in vertical construction, the company added horizontal infrastructure to its suite of construction offerings. Today, the firm employs 220 team members and specializes in a wide range of building and infrastructure projects. In the last decade alone, the Impetus team has completed 504 projects, totaling to 5.5 million square feet, and equating to a total construction value of $1.14 billion.
The company, held under parent organization W.J. Palmisano, which traces its roots back to 1950 in the New Orleans community, is closely tied with a suite of complementary organizations including charitable non-profit The Palmisano Foundation and construction industry training organization Renegade Academy. Through this academy nearly 200 Impetus team members have completed more than 2,600 training hours in 2022, with additional content development slated for adding even more expansive training for Impetus team members in the year ahead.
Repeatedly honored for the excellence of its work and its role as an employer of choice, Impetus prides itself on pioneering unique ways to revolutionize the construction industry. The company has appeared multiple times on the Inc. 500 and 5000 list and been named a one of the Best Places to Work by Inc. as well.
Individual company leaders have been honored by national and regional professional construction organizations. Projects such as the Higgins Hotel at the National WWII Museum, Hotel Saint Vincent, and The Sydney & Walda Besthoff Sculpture Garden at NOMA have all been honored nationally for excellence in construction.
In 2021, Impetus opened a new office in Nashville, Tenn., expanding its geographic footprint and impact across the Southeast U.S. Since this time, the company has launched multiple projects in the Tennessee market and significantly grown its Tennessee-based team.
New Sister Company, RNGD, Launches to Advance Innovation
At the close of 2022, the W.J. Palmisano parent company launched RNGD to partner closely alongside Impetus to simplify and improve the efficiency of construction delivery through prefabrication and other innovative design, fabrication, and erection solutions.
“As Impetus concludes a record-setting year in 2022, we are heading into 2023 with record backlog and the potential of another record year on the horizon,” said Wesley J. Palmisano, Impetus Founder and CEO. “Our 10th anniversary provides an opportunity to reflect, with a sense of gratitude, on the tremendous success of our company and the clients, partners, and communities that have fueled our success. Our growth potential is strong for the years ahead, and RNGD allows us to continue to push the boundaries for how we can help our clients achieve their goals across building sectors.”
Published to BizNewOrleans.com