Karl Vaillancourt (MBA '06) Receives Small Business Persons of the Year Award as Co-Founder of Precision Construction Services

Pepperdine Graziadio alumnus Karl Vaillancourt (MBA '06) received one of the Small Business Administration’s highest honors, the Small Business Persons of the Year Award, for the San Luis Obispo-based Precision Construction Services, the Pacific Coast Business Times reported.

The award recognizes Precision for both business success and local community contributions.

The company was founded by Jared Malapit, Erik Wright and Vaillancourt in 2013, two years after the friend trio met at a rock climbing gym. All three co-founders received the award and were recognized on April 30 and May 1 during the SBA’s National Small Business Week awards ceremony in Washington, D.C.

Precision supplies design-build, general contracting, and construction management services. The company, in addition to its headquarters on California’s Central Coast, has offices in San Diego, Los Angeles, Spokane, Washington and Kona, Hawaii.

Precision’s federal clients include the U.S. Army Corps of Engineers, Navy, Air Force, Coast Guard, General Services Administration, Bureau of Prisons, National Park Service and CDC.

The Inc. 5000, which ranks the top 5,000 fastest-growing companies in the country, recognized Precision No. 266 on the list, the highest of any San Luis Obispo County company, with a three-year growth rate of 2,027%.

Precision was just one of 253 construction companies to make the list and, of those, was ranked No. 9. It was the fastest-growing construction company based in California, according to Inc.’s rankings.

The company also told the Business Times in July 2022 that it had cleared $20 million in revenue in 2021 and was on pace to clear upwards of $30 million in 2022.

Visit the Pacific Coast Business Times to read the full story.