McHugh takes full ownership of T-3
Gary M. McHugh has purchased full-ownership of T-3 Group, a Milwaukee-based design/build construction firm where he has been serving as president and COO. He bought the interest from Scott Sampson on July 26.
Terms of the deal were not disclosed.
McHugh said he plans to expand the firm’s presence into northern Illinois along with additional areas of Wisconsin. Most of its projects have been in southeastern Wisconsin.
Sampson founded the company with McHugh in 1993. The duo had been involved in two previous ventures, thus the name for the new firm: T-3, as in Third Time.
T-3’s sales have grown from $300,000 in its first year to a projected $50 million this year. The number of employees has increased from six to 125 in the past eight years, McHugh said.
The company’s list of projects includes seven Kohl’s Food Stores, including the conversion of a downtown Milwaukee Sentry store into a Kohl’s, construction of the Beer Line condominium homes along the Milwaukee River just north of downtown, and numerous senior living facilities. McHugh said the company has been averaging 40 projects under construction at one time.
T-3 Group this year is a second-time winner of a Future 50 designation from the Council of Small Businesses of the Metropolitan Milwaukee Association of Commerce. The program honors fast-growth companies in the area. Also for the second year in a row, the company won the Building/Construction category in the Waukesha Area Chamber of Commerce’s Top Ten Small Business awards program.
The company (www.t3group.com) is based at 222 E. Erie St. in Milwaukee’s Third Ward.
Aug. 3, 2001 Small Business Times, Milwaukee
