Ladd Construction

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In March 1963 Roy E. Ladd and Wallace D. Hughes formed Hughes & Ladd, Incorporated The company grew rapidly with over 30 million dollars under contract in 1971, with highway and bridge projects located in the mountainous regions of Northern California, the “High Sierras” and Eastern Oregon. At this time the largest project located in Eastern Oregon was completed for $13.037,626.79. In the summer of 1973, Wally Hughes decided to leave active ownership in order to donate more time to his family and recreation. As a result, approximately 50% of the Hughes and Ladd equipment was sold, and a general belt tightening was experienced within the company. Faced with a reduced volume, new goals and the best of many competent and dedicated foremen, the company once again began to move forward. Mr. Hughes continued during this time to be very active as Chief Engineer and Estimator. In the winter of 1974 Hughes & Ladd, Incorporated became involved in a project in the Sacramento River Canyon in Northern California. Strong storms had damaged and/or washed out nearly 30 miles of mainline railroad. Roy Ladd personally supervised the reconstruction work, initially being performed on a 24 hour around-the-clock basis, for Southern Pacific, reestablishing rail service in eight days. (It was estimated at the time that the Railroad was losing over $1,000,000 a day as long as the line was closed.) An accomplishment praised at the time by the both the governor of California and the Southern Pacific Railroad. In the spring of 1975 the firm’s name was officially changed to Roy E. Ladd, Incorporated and operations were expanded into Arizona and later Southern California, Idaho, Nevada, Washington and Montana. Throughout the 1980's and 1990's Roy E. Ladd Incorporated continued to look for and be involved in challenging and difficult projects. In 1995, with his health failing, Roy began the final reorganization of the company. His goal was two fold; he wanted to protect the assets of the company he had spent thirty years building for his family and insure the company’s continuation, and secondly, he wanted to reward those employees who had proven themselves competent and dedicated and give them incentive to stay with the company after he was gone. He achieved both of these goals by splitting the company into two entities. A new, mostly employee owned company, Ladd Associates Incorporated, was incorporated in June of 1996. This new company began joint venturing with Roy E. Ladd Incorporated under the name Ladd And Associates, and became the chief operational vehicle, and has been responsible for most of the recent work. Roy E. Ladd Incorporated, which owned most of the older assets and equipment, continues to remain in the Ladd family and rent its assets to the new joint venture and continues to do selective projects. Today, most of the companies new work continues to be bid as Ladd And Associates, thereby allowing both companies to grow and profit from one another. Roy’s Vice President and Chief Financial Officer for over 25 years, Craig Wiseman was promoted to President and CEO overseeing both companies and has continued in that capacity since 1995.

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