Hegg re-enters construction field with new division

June 25, 2019

Hegg Cos. is going back in time a bit, returning to the construction industry for the first time in years.

“Back in the day, my father was in the construction business, so we are re-engaging that division … and have decided to add it to our lineup of what we do,” said Paul Hegg, who became sole owner of the company at the end of 2018.

Hegg Construction will help the overall company by offering the service in-house, he said.

“The ability to put pricing together quicker and react a little faster to opportunities I think will help the development side of the business,” he said. “We’ll be looking for third-party non-Hegg-related projects out there, so it’s not like we’re just doing this for ourselves, but we’re starting small and looking to grow.”

Hegg hired Wade Behm to lead the division. Behm has almost 25 years of experience in construction and real estate development in sectors ranging from industrial to multifamily and hospitality.

“Partnering with Wade and having him lead this initiative has been a great opportunity for us,” Hegg said.

While operations will be based in Sioux Falls, projects are expected to be done throughout the upper Midwest, he said.

“We’ve got probably half-a-dozen things in the hopper that we’re vetting, and some of it is third party and some of it is internally generated, so it’s kind a hybrid,” Hegg said.

“If we’re going to go build a hotel, it would be nice to be able to do the development and construction and management and control the process all the way through.”

Hegg Cos. is a third-generation family business founded in 1945 and also works in hospitality development and management, commercial brokerage, corporate real estate services, multifamily development and property management.

Hegg said his father, Pete, continues to work on real estate transactions and is in the Sioux Falls office often when he’s not overseeing the ranch he owns in Gregory.

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Hegg re-enters construction field with new division

Hegg Cos. is going back in time a bit, returning to the construction industry for the first time in years.

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