According to the World Economic Forum report found on Google, the average lifespan of a company or business today is 40 to 50 years.
If that be the case, one of Atlanta’s most successful Hispanic-owned companies, P2K, formally known as Precision 2000, has reached “middle age,” turning 20 years old this year.
During its event last month at Georgia Tech in Midtown to celebrate the anniversary, company co-founder and President Carlos Sanchez announced the business would be changing its name to P2K.
“We decided to adopt our nickname, P2K, as that as how we are known in the construction industry, and we wanted to turn it into the image of the company,” Sanchez said.
Both he and his wife, co-founder and CEO Guiomar Obregon, are Sandy Springs residents. According to both leaders, the Chamblee-based company remains one of the few Hispanic construction businesses which has participated in major civic infrastructure projects throughout Atlanta.
This includes two of its most recent projects: a drainage installation project on Georgia 400, as well as construction of a parking deck facility at Hartsfield-Jackson Atlanta International Airport, at a combined cost of $6.3 million.
When asked to what he attributes to P2K’s success, Sanchez and Obregon, both pointed to two elements of the company for which they are most proud.
“Reaching 20 years is really a great accomplishment for our company, and we owe it to our employees and our clients,” Sanchez said. “As we start this new phase of P2K, we have many plans for the upcoming years, both as a business and in the community.”
Obregon said it was through the work and dedication of its employees that the company made it through some tough times, such as 2008, at the height of the Great Recession, by remaining flexible and being able to adjust.
“As part of our adjustment, we also learned to be more efficient, which helped us earn additional construction projects,” she said. “It hasn’t be easy for my husband and I and, as we are engineers, we want to do things right the first time.”
German Zamora, a project manager with P2K, also gave credit for the company’s continuing success to one other element, which he said is unique among today’s construction companies.
“Our success is also based on our leaders being homegrown, meaning that project managers in our company are also engineers while most other construction companies don’t have qualified engineers on their staff,” he said.
In addition, P2K is helping train future engineers through its student internship program with Cross Keys High School in Brookhaven as well as the Georgia Tech graduate scholarship program.
“This company continues to push the importance of education for our employees, and for us to continue to prosper, we also need to stay on the cutting edge of technological advancements in our industry.”