While Loyd Contracting Co. has spent 40 years building structures, its “generational Loyd commission” is far different.
Micah Loyd has grown up twice in the construction contracting business. And each time, the measurable growth is difficult to deny. It can be seen in bottom lines and boardrooms and, now, even in boat docks.
Loyd, president of Titusville-based Loyd Contracting Co., took the reins of his family’s construction business in 2012, taking over from his father, Gene, who had established the company in 1980. Years earlier, Loyd had learned from his dad about working with his hands — calling them “hard lessons.” While his father subcontracted specialties such as electrical, plumbing and HVAC, he also was known to be especially hands-on, making sure that all details were taken care of with dutiful oversight. Young Loyd watched and worked.
Later, Loyd was educated in the Building and Construction Management program at the University of North Florida, completed college and passed his General Contractors exam before going to work in the family business.
Business was good, but then more growth was required.
Taking those reins at age 33, Loyd was faced with ensuring mere company survival in what came to be known as the Great Recession. Not only did the novice captain have to steer the ship to safety, he also had to chart a new course with an eye on diversity.
Loyd quickly had to grow up. Again.
Fast forward to today, and after taking a deep breath, Loyd commented, simply, “We’ve got a lot going on.”
Loyd Contracting Co. steadfastly continues to follow its old tracks in high-end residential construction (new homes and remodeling), mostly in north Brevard although some houses extend into Volusia County. Meanwhile, the company also has shifted directions into small and medium construction work.
Large houses, for example, recently were completed in Merritt Island and Cape Canaveral, along with a medical office in Viera. And there are active contracts for work for historical renovation projects in downtown Titusville. By volume, two-thirds of work is commercial, one-third residential.
In addition, there is diversification in the form of Loyd Custom Marine, a company established in the aftermath of Hurricane Irma that focuses on high-end seawall and dock construction, roughly from Sebastian north to Edgewater in Volusia.
Yet, while that growth and diversification have been recent themes, don’t expect sweeping expansion. The company will remain conservation, only exploring potential new markets with “commonsense” and “good business practices.”
“We’re trying to do what we do best,” Loyd described.
“We’ve kind of graduated out of the residential into the commercial world, but I’m not one of those contractors who is a cutthroat low-bidder — chase-all-the-work kind of contractor,” he said.
In other words, while markets path and business approaches have changed through the years, the company’s core focus hasn’t: people.
Loyd points to his father, who remains involved on select projects in semi-retirement. Asked about key words of advice passed down, Loyd doesn’t hesitate in response: “Make sure you treat people the way you want to be treated … that’s why we’ve been in business for 40 years. … Make sure everyone walks away saying, ‘OK, that was done well.’ Then that’s a good thing.
“I want to work for our community; I want to work for people in our community, and I want to make sure I’m achieving their goals them, and that we have a good relationship in the end.”
In reality, much of the same can be said about Loyd, who in 2016 was elected to the Canaveral Port Authority’s board of directors (District 2). Recently, he was unanimously reelected as chair of the five-member board.
“One of the things I want to do is make sure the community has jobs, and that we’re keeping the money at the port in our community,” Loyd said about those responsibilities. “I want to make sure we’re capturing as much of that as we possibly can. And that we’re making good decisions for the people in the community. That’s a lifelong goal that I’m going to have.”
Similarly, his company is “entrenched” in the community, he said, citing multiple philanthropic efforts in the belief that “when the community is working for you … you always have to give back.”
Also, notably, Loyd tries to hire skilled workers who are recovering from addictions, in partnership with Liberty Lodge, a ministry of Christ Central Church in Titusville. Loyd labels the endeavor a “second opportunity to succeed in life.”
And, as the leader of a company that has roots in the region as deep as his, Loyd doesn’t want to waste his own opportunity.
“The generational Loyd commission, if you will, is to serve our community and make sure we’re treating everyone fair,” he concluded.