Historical Milestones 1937 Founded by Hensel Phelps in Greeley, Colorado 1952 Son Joseph Phelps joins the firm 1957 Joseph Phelps becomes president 1967 First branch office is opened in Burlingame, California 1973 Jerry Morgensen joins Hensel Phelps as a project manager 1975 Robert Tointon succeeds Joseph Phelps as president 1983 Santa Clara, California, office opens 1985 Jerry Morgensen becomes fourth president 1987 Little Rock, Arkansas, office opens 1990 Southern California office in Irvine opens 1996 Mid Atlantic office in Chantilly, Virginia, opens 1998 Southeast district expands to Orlando, Florida 2001 South Central district office in Dallas, Texas, opens 2005 Jerry Morgensen becomes Chairman of the Board and CEO; Jeff Wenaas becomes fifth President and first Chief Operating Officer National Industry Rankings Engineering News Record 2006 construction industry rankings for Hensel Phelps: No. 16 - Top 50 Domestic General Building Contractors No. 25 - Top Design-Build Firms No. 29 - Top 100 Contractors by New Contracts No. 24 - Top 400 Contractors No. 23 - Construction Management-at-risk Firms No. 34 - Top 50 Domestic Heavy Contractors Client Milestones Hensel Phelps has enjoyed outstanding associations with many clients. The following clients, however, were instrumental in helping us expand into new technical markets that have become specialties of our firm. Kodak - Helped hasten the ability to construct manufacturing facilities with advanced technological parameters and fast track schedules. IBM - Also got Hensel Phelps involved in high tech manufacturing facilities and brought the firm into Arizona and California. US Army Corps of Engineers - Provided over $1 billion of work nationwide. Hensel Phelps worked in new locations to build one-of-a-kind facilities. The Corps of Engineers' procedure orientation helped influence many of Hensel Phelps' management systems. United Airlines - For more than 15 years, Hensel Phelps has built installations coast to coast for United Airlines facilities. They encouraged us to create Phelps Development.