McStain’s history dates back to 1966, when Tom and Caroline Hoyt and their friend David Stainton purchased Horizon Building Company, a small custom homebuilder in Boulder. The three changed the company name from Horizon to McStain to reflect the new ownership upon the arrival in 1972 of Stainton’s brother-in-law, Jim Roser as a financial partner in the company. The business was expanded to include the design and development of master-planned communities featuring integrated neighborhoods of condominiums, townhouses and all varieties of single family homes. In pursuing such expansion, McStain’s leadership and team have created a company that has been the pioneer and champion of the concept of developing and building in sustainable partnership with the natural environment. The company’s leadership on this front – combined with painstaking attention to detail in design aesthetics and inspiring architecture – has resulted in highly differentiated community and product offerings. This has resulted in a business model that generates premium value for the company and its customers, in turn fueling the company’s continued growth.
1960s: McStain launched with the purchase of custom building operation by Tom and Caroline Hoyt and David Stainton.
1970s: McStain Enterprises, Inc. formed by above principals and chairman James L.D. Roser; company launches 600 unit Shanahan Ridge development in Boulder, CO. Decade of 1970s marks intense focus on innovative planning, featuring mixed densities and integrating open space and trails into developments. Company reaches 60 employees by end of decade versus 10 in ’72.
1980s: Company launches Centennial Valley series of residential development projects in Louisville, CO which total 1,600 units. One of very few independent survivors of severe Colorado recession.
1990s: McStain team members confirm formal mission statement and statement of values based upon the founding principle of “Building a Better World” with stated goal to achieve “90/10” – 90% customer satisfaction/willingness to refer rating (an exceptional level in the industry) and 10% operating income (pre-profit sharing) margins (also then a noteworthy benchmark). Company launches/executes 1,100+ unit Indians Peaks master plan in Lafayette, 500+ unit MeadowView master plan in Longmont, 200+ unit Stratford Lakes development in Westminster.
2000s: Company surpasses “90/10” goal in 2000, raising bar to “99/16”. Differentiated, premium McStain positioning and proven devotion to sustainable development principles enables the company to participate in, and attain strong positions in such nationally-leading urban infill projects as Lowry, Stapleton and, launching in 2004, the redevelopment of Villa Italia into Belmar. Company launches a master planned community with 2,000+ units - High Plains Village at Centerra in Loveland. Company forms ESOP as key strategy for ownership succession and team alignment, breaks $100 million revenue mark in 2002 upon which it exceeded revenues by ten percent in 2003, and posts average annual increase in shareholder value of 29% (over three years) and 21% (over nine years). Company achieves 97% customer satisfaction/willingness to refer rating.