Two schools and an emergency operations center near the Gulf of Mexico are being built concurrently by SETEX Construction Corp. to withstand hurricanes.
By Russ Gager
Management experts recommend having a succession plan for a business, but the absence of a successor for SETEX Construction Corp. turned it into an opportunity for Nathan Rivers and business partner Bruce Reyes.
“The previous owner had gotten to the point in time where he was ready to retire and was getting ready to close the business,” recalls Rivers, now SETEX’s president, who was working at another construction company at that time. “He had a great reputation and built a great company name. It was a company for which I would like to have my name associated. So we got together, started negotiating and ended up having a transition in 2014.”