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Back from bankruptcy: Pickens-Bond's new owner, Hensel Phelps, has revved up revenues to $100 million in 1990. (company profile)
Arkansas Business
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October 8, 1990|
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COPYRIGHT 1990 Journal Publishing, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group.
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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 ...
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