Construction Today - November 2017 - 33
Although The Peterson Company has found success in Indiana, it
recently ventured outside of its home state to expand its business. "I
think companies run into a problem when they think things are in
a good place and they want to remain there," Stallcop says. "We had
never done anything outside the state of Indiana at that time, and
thought the best way to grow is to take what we do best and do it
The Peterson Company is working on its third building in Rich-
NOVEMBER 2017 CONSTRUCTION-TODAY.COM
THE PETERSON COMPANY
mond, Va., and recently started its second in Cincinnati. According to
Siegler, the company is all about growing strategically.
Stallcop agrees. "You can make the mistake of growing too fast
and then you're not prepared if things don't work out the way you
envisioned," he says. "With every step we take we try to be smart
"I think that's a benefit of the structure of our company because
we are all equal partners," he adds. "So there are different opinions
that have to mesh in order for us to succeed. That has been a huge
reason why we have gotten where we are today."
The Peterson Company has also been successful thanks to its
clientele, who actually requested that the company expand across
Indiana's state lines. "They were continually asking us to go out of
state," Siegler explains. "So we did this at the request of our customers and decided it was the right move for us."
Ultimately, the client is always right, Stallcop concludes. "You
can decide what you think you're good at and try to expand on it,"
he says. "Or you can listen to your clients and expand on what they
think you're good at. I think that's probably the most important
route to go."