Icon Construction
Multi-disciplinary engineering and construction services in south africa.
| Date | Investors | Amount | Round |
|---|---|---|---|
N/A | Growth Equity VC | ||
| Total Funding | 000k | ||
Icon Construction operates as a multi-disciplinary engineering and construction services provider within South Africa, focusing on complex infrastructure projects. The company's client base primarily consists of municipalities, government entities, and large property developers, for whom it undertakes critical infrastructure work. Its business model is centered on securing large-scale contracts for public and private sector developments, functioning as a primary contractor for specialized civil engineering tasks.
The firm's service portfolio is extensive, covering water and wastewater treatment plants, pump stations, and reinforced concrete structures. Icon Construction also specializes in the installation of reticulation networks for water, sewerage, and stormwater, as well as constructing bulk transfer pipelines and industrial buildings. Additional capabilities include deep excavations, shoring, and the construction of bridges, including incrementally launched structures. Significant projects in their portfolio include the Midmar Water Works, the Mvoti Bridge, the Jozini Water Supply project, and work for the eThekwini Municipality's Northern Aqueduct Project.
The board of directors includes Gcina Zondi as Chairman, Bruce Schnell as Managing Director, and directors Njabulo Sithole, Craig Cavanagh, Musa Mahlambi, and Kevin Reeves. A notable aspect of Icon's corporate structure is its partnership with Imbewu Capital Partners, a black-owned private equity firm that holds a 30% share in the company. This relationship is integral to its 'Level 1 contributor' B-BBEE status. The company has demonstrated a commitment to transformation by actively mentoring emerging contractors and implementing skills development programs. Key milestones for the company include achieving ISO 9001 certification in 2018 and securing its first contract outside of South Africa that same year for a pipeline project in Eswatini (formerly Swaziland).
Keywords: civil engineering, infrastructure construction, water treatment plants, reinforced concrete structures, bulk pipelines, sewerage reticulation, stormwater networks, pump stations, industrial buildings, bridge construction, deep excavation, construction services, South Africa, public sector projects, private developments, eThekwini Municipality, ISO 9001, B-BBEE Level 1, engineering contractor, mentorship program