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PAVING THROUGH THE METROPLEX
CITY TO CITY |
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Our History |
X
I T
Paving and Construction,
Inc.
Est. 1983
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XIT began, as many start up
companies, as a brainstorm of a couple of guys looking for
independence and job security. Both Larry “Red” McSpadden
and James McCollom (Cofounders) had been involved in
construction related fields since the late 1960’s and
early 1970’s.
James McCollom worked for several different road
contractors and Larry McSpadden was general manager of a
construction supply company. Larry and James met while
watching their young daughters perform at pee wee football
games and began to discuss business possibilities.
Together they formed a business plan to call on property
managers and general contractors to solicit pavement
repairs, excavation and soil stabilization work.
James had an extensive background in cold in place
recycling, cement and lime stabilization, and they began
to purchase equipment related to the process. They held
demonstrations for property managers, municipalities and
school districts to educate people about this unique
process as well as solicit work from the different
entities.
As luck would have it, the great depression of 1985 for
Texas Oil, Real Estate and Banks put a tight budget on
most of the property managers, apartment complexes, city
and county maintenance departments. XIT was compelled to
subcontract excavation and soil stabilization from general
contractors. Larry McSpadden, having been associated with
all of the road contractors in his 13 year tenure with
Lectric Safety Lites and by virtue of his rapport and
reputation was able to land subcontracts with Uvalde
Construction, APAC, Austin Paving, Ed Bell Construction
and many others. Through the experience of working for
general contractors, Larry and James began to solicit work
as prime contractor. After successfully bidding several
City of Dallas contracts and successfully completing the
projects Larry and James broadened their horizons and
began a concrete paving operation to go along with their
successful operation as an earth work and soil
stabilization contractor. With the idea of being a turnkey
contractor their company size and volume of work
increased. They grew from 12 employees in 1984 and
$1,000,000.00 in sales to 50 employees in 1986 and
$4,000,000.00 in sales.
By 1989, volume had increased to $5,500,000.00 and as such
the headaches and growing pains of a construction company
divided its owners and Larry bought James out of the
business. From 1989 to present, volume increased to
$12,000,000.00 per annum, 110 employees and expanded to
successfully complete a wider variety of projects. They
not only do their own dirt work, soil stabilization and
paving, but have added underground utilities to their
portfolio and also build all road projects from the ground
up.
THE XIT NAME
When Larry and James began thinking of a name for their business their priority was something TEXAS and something BIG. As most Texans are aware the once heralded and still remembered XIT RANCH is as BIG as you can get (covering more then 3,000,000 acres) and how much more TEXAS can you get. Knowing that the ranch no longer existed, they inquired about the name and found that it was available. Thus XIT Paving and Construction, Inc., and the logo with the star surrounding the 10 counties in which Larry and James intended to procure their projects were founded.
THE PRINCIPALS
XIT Paving and Construction Incorporated January 10, 1985 under the name XIT Paving and Construction, Inc., with its President Larry McSpadden and its Vice President James McCollom. James McCollon sold out to Larry McSpadden in 1989 and Larry McSpadden
in currently C.E.O. and 85% stockholder. Lynn James is
President of XIT Paving and Construction, Inc. who has
become a 15% Stockholder. |
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