LYMO Construction president says building boom and tax incentives behind latest move

Grace In the Media

By Ryan Lessard
Union Leader

LONDONDERRY — Dan Lynch, the president of LYMO Construction, started the company in his grandparents’ garage in Arlington, Mass., in 1987. Their first office was above a pizza parlor in Bedford in 1993, and the company has since moved to Hooksett, Manchester, then Merrimack.

After about 12 years in Merrimack, the company moved a fifth time in July, this time to a 35,000-square foot facility it built on Wentworth Avenue near Stonyfield Yogurt.

Lynch said he started his business at the age of 18 right after high school, partly because he has dyslexia.

“So, higher education was not for me,” he said.

The company designs, manufactures and installs exterior claddings on commercial buildings. Lynch said they worked as their own subcontractor during the building of their new headquarters to install their own panels on the building and showcase their product.

The general contractor was Fulcrum Associates in Amherst. Lynch said the project cost more than $10 million. LYMO started looking for property in Londonderry about four years ago.

Lynch said the reason the firm wanted to locate in Londonderry was because of access to the airport and proximity to Route 3 and Interstate 93 into Boston, where it does a lot of business.

“Most of our work is in downtown Boston,” Lynch said.

LYMO has installed their panels on buildings for the Boston Convention Center, Boston College, Northeastern University and the Massachusetts Institute of Technology.

Over the past several years, Lynch said the company has enjoyed substantial employment growth. It has about 200 employees. All field employees are part of the New England Carpenters Union.

Lynch said the past two years have been the biggest building boom he’s seen in 30 years. And demand for his panels, which are both aesthetically pleasing and create an energy efficient envelope around the building, has been increasing.

“We see tremendous growth in our field in the future,” Lynch said.

Additionally, Lynch said new tax incentives from the Tax Cuts and Jobs Act of 2017 gave them the extra push they needed to invest in the company, such as for buying new CNC cutting tables.

“I can point to specific tangible items we would not have if that was not in place,” Lynch said.

He also believes the Trump administration’s tariffs on raw materials will provide long-term benefits to the U.S. economy after it suffers some short-term setbacks.

LYMO only uses American-produced materials for their panels, Lynch said.

Lynch said he thinks the new building is the most energy efficient building in New Hampshire because of the panels. All the interior lights are LEDs as well.

Inside, they paid tribute to their New Hampshire roots by installing granite stairs with granite mined from New Hampshire quarries. The industrial chic interior design was also intended to create a collaborative space for workers, with open-concept, door-less glass offices, a cafeteria bar in the front lobby and a high-top table for informal work group sessions.

Lynch said the workforce shortage is a “huge issue” and he sees this new building as a way to address it.

“You may attract new workers by a paycheck, but you retain them by respecting the employee, treating them fairly, provide them with a good work environment and enjoy their fellow workers,” Lynch said.

He said he’s had some veteran employees stay with the company for more than 20 years.

Article: https://www.unionleader.com/news/business/lymo-construction-president-says-building-boom-and-tax-incentives-behind/article_67502e7b-6a3c-50f3-aa6a-17835f3ff05c.html