Veit National Corporation

Veit National Corporation (VNC) is a member of the Veit family of companies (Veit). Veit is a specialty contractor serving the industrial, commercial, and municipal marketplace for over 96 years in demolition, utilities, CIPP, foundations, earthwork, marine, and industrial cleaning services. Veit completes an average of 500 projects annually. The gross revenue for Veit has exceeded $200 million each of the last five years; we are on track to exceed $300 million in revenue in 2024 for the third year in a row.

Along with a strong balance sheet and positive cash flow, Veit utilizes a $40 million revolving line of credit from BMO Harris Bank. In addition, Veit is qualified to bond single projects up to $35 million with an aggregate work program bond capacity of up to $250 million.

Veit purchased American Infrastructure Technologies Inc. (AITC) on December 31, 2020. AITC focused on utility services in the Southeast United States. Since that acquisition, Veit has renamed the entity Veit National Corporation and expanded the employee count and company capabilities to include demolition services.

To ensure success, Veit dedicated top demolition talent to lead the VNC demolition team they are Mike Flahave, Senior Director of Demolition, Project Management and Strategy, and Ryan Olson, Senior Director of Demolition, Operations and Business Development. They have helped the Veit enterprise earn a solid reputation for completing fast-track and difficult demolition projects on time and within budget.

As we continue to launch VNC under the leadership of Veit, we continue to see our profits increase annually. Upon request, audited financials are available to show the financial information for VNC as it sits within the family of Veit companies.
Veit National Corporation (VNC) is a member of the Veit family of companies (Veit). Veit is a specialty contractor serving the industrial, commercial, and municipal marketplace for over 96 years in demolition, utilities, CIPP, foundations, earthwork, marine, and industrial cleaning services. Veit completes an average of 500 projects annually. The gross revenue for Veit has exceeded $200 million each of the last five years; we are on track to exceed $300 million in revenue in 2024 for the third year in a row.

Along with a strong balance sheet and positive cash flow, Veit utilizes a $40 million revolving line of credit from BMO Harris Bank. In addition, Veit is qualified to bond single projects up to $35 million with an aggregate work program bond capacity of up to $250 million.

Veit purchased American Infrastructure Technologies Inc. (AITC) on December 31, 2020. AITC focused on utility services in the Southeast United States. Since that acquisition, Veit has renamed the entity Veit National Corporation and expanded the employee count and company capabilities to include demolition services.

To ensure success, Veit dedicated top demolition talent to lead the VNC demolition team they are Mike Flahave, Senior Director of Demolition, Project Management and Strategy, and Ryan Olson, Senior Director of Demolition, Operations and Business Development. They have helped the Veit enterprise earn a solid reputation for completing fast-track and difficult demolition projects on time and within budget.

As we continue to launch VNC under Veit's leadership, we continue to see our profits increase annually. Upon request, audited financials are available to show VNC's financial information as it sits within the Veit family of companies.