News: Northern New England

Wright-Ryan celebrates 40th year and names Sparn as new president

John Ryan

 

Alan Sparn

 

Portland, ME Wright-Ryan plans an upcoming transition in leadership as the company celebrates its 40th anniversary in 2024 and looks ahead to the next 40 years. Alan Sparn, who has served as Wright-Ryan’s chief operating officer since 2022, will succeed John Ryan as president beginning on June 30, 2024. At that time, Ryan will continue as chair of the company’s board of directors.

“This is a landmark moment for Wright-Ryan, one that has been years in the making, and one which comes after much thoughtful consideration,” Ryan said.

Following a three-year succession planning process, the company is prepared for this evolution. Sparn has over 40 years of experience in the construction industry and proven expertise in building and leading effective teams.

“Alan has exceptional leadership skills and deep industry knowledge. More important, his values and philosophies align with ours in terms of caring for people and doing the right thing. I have every confidence that he will lead Wright-Ryan into its next phase of growth and success,” Ryan said.

“When I joined Wright-Ryan, I felt an immediate connection with this team and our surrounding community. It is a privilege to take on this new role at Wright-Ryan,” Sparn said.

Prior to joining Wright-Ryan, Sparn served as executive vice president for a New York-based construction firm.

“Like John, construction has been a key tenet of my life’s work. I joined a mid-sized construction management firm in 1983 and have been involved in the industry ever since. As my career took me throughout New England and eventually New York, I always knew I wanted to be in Maine,” said Sparn. 

A New England native, he has a deep-rooted connection to Maine and a resounding respect for Wright-Ryan’s portfolio of work and collaborative company culture.

This cultural alignment reinforces the company’s purpose-driven focus on providing construction services of the highest professional standard that benefit Wright-Ryan’s team, their partners, and their communities. The company takes particular pride in its work to support the missions of dozens of non-profits and local organizations including the Boys & Girls Clubs of Southern Maine, Maine College of Art & Design, the University of Maine System, Opportunity Alliance, Portland Stage Company, and Preble Street. Wright-Ryan is also known for completing a diverse array of challenging projects throughout northern New England with a specific focus on sustainable construction for community-based institutions – including groundbreaking work on the Holocaust and Human Rights Center of Maine and the Tekαkαpim?k Contact Station at Katahdin Woods and Waters National Monument.

Wright-Ryan and those whom the company serves will continue to benefit from John Ryan’s knowledge and expertise through his ongoing role as chair of the board. Ryan has led the company through four decades of unprecedented evolution and growth – including steadfast leadership through two economic recessions and a global pandemic, and the implementation of an Employee Stock Ownership Plan (ESOP) which has been an overwhelming success.

Ryan and co-founder, Tom Wright, established Wright-Ryan in 1984. Since that time, Wright-Ryan has grown to become a 100% employee-owned company of over 100 team members. 

“As Wright-Ryan celebrates its 40th anniversary this year, I feel immense gratitude towards the Wright-Ryan team and our shared community for all that we have built together,” Ryan said. 

Recent research cited by the organization, Certified EO, in a report1 dated February 27, 2024, underscores the rarity that less than 1 in 200 American businesses are employee-owned. Even fewer companies are 100% employee owned.

In his remarks to the Wright-Ryan team earlier this week, Ryan largely attributed the company’s success to the culture of leadership that exists throughout the firm. John emphasized, “With leadership coming from every corner of the company, and the unbeatable culture here, we are well prepared for a bright future. Our management team and business line leadership are deeply experienced, averaging well over a decade working within the company, and we have been very successful in recruiting and developing a new generation of leaders,” Sparn said, “Collaborating closely with our team and our business partners, I am honored to guide Wright-Ryan forward, expand on the company’s legacy, and continue building for generations to come.”

READ ON THE GO
DIGITAL EDITIONS
Subscribe
READ ON THE GO
DIGITAL EDITIONS
Subscribe
STAY INFORMED FOR $9.99/Mo.
NEREJ PRINT EDITION
Stay Informed
STAY CONNECTED
SIGN-UP FOR NEREJ EMAILS
Newsletter
Columns and Thought Leadership
Shawmut Design and Construction breaks ground on the 195 District Park Pavilion in Providence, RI

Shawmut Design and Construction breaks ground on the 195 District Park Pavilion in Providence, RI

Providence, RI Shawmut Design and Construction celebrated the ceremonial groundbreaking for the 195 District Park Pavilion, marking the start of construction on a facility that will feature year-round dining and support space for park operations. In addition to the 3,500 s/f building, the project will include infrastructure upgrades
The New England Real Estate Journal presents<br> the First Annual Project of the Year Award! Vote today!

The New England Real Estate Journal presents
the First Annual Project of the Year Award! Vote today!

The New England Real Estate proud to showcase the remarkable projects that have graced the cover and center spread of NEREJ this year, all made possible by the collaboration of outstanding project teams. Now, it's time to recognize the top project of 2024, and we need your vote!
Investing in a falling rate environment - by Harrison Klein

Investing in a falling rate environment - by Harrison Klein

Long-term interest rates have fallen by 100 basis points, and the market is normalizing. In December of 2022 I wrote an article about investing in a high interest rate, high inflation market. Since then, inflation has cooled off, and the Fed has begun lowering their funds rate.
The 2024 CRE markets: “The Ups” (industrial) and “The Downs” (Boston class B/C office) - by Webster Collins

The 2024 CRE markets: “The Ups” (industrial) and “The Downs” (Boston class B/C office) - by Webster Collins

The industrial markets have never been stronger. What has happened is that the build out of Devens with new high-tech biotech manufacturing with housing to service these buildings serves as the connector required to really make the I-495 West market sizzle. Worcester has been the beneficiary