"Infrastructure is not only roads and bridges," says Limbach CEO Charlie Bacon. "It includes social infrastructure like courthouses and other government facilities. And that's going to really take off."
Limbach is one of the country's largest specialty contractors focused on the mechanical, electrical and plumbing components of large-scale, non-residential construction. Limbach's transportation projects include the new Bradley Terminal at LAX and the DC Metro.
The Pittsburgh-based company also has a specialty in working in stadium construction, having worked on the original Houston Astrodome and the new Detroit Red Wings arena.
Despite the excitement among builders, there is a recognition that there is a lag between the announcement of a new project and shovels going into the ground. Bacon says it takes from 12 to 18 months of planning and permitting before construction starts.
"The good news is that the current market is fantastic. So now that the new administration is getting up to speed, that means 2018 and 2019 will be extremely fertile years as well," says Bacon.
President Trump not only wants more building in America, he wants the materials to be sourced domestically. Bacon says that won't be as much of a problem for Limbach, which makes many of its own parts.
Finally, Bacon says private construction will not slow down due to the recent uptick in interest rates, citing a report by the American Institute of Architects, which sees growth through 2018.
"The architects are drawing and that means more business for us," says Bacon.