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SkyeTec

SkyeTec History and Overview

Only two companies have won the Jacksonville Business Journal’s Fastest Growing Privately Held Company Award for two consecutive years. The competition is steep, with most companies involved growing more than 100 percent on a three year average. One of those two winners was SkyeTec which was awarded the honor in 2005 and 2006. Since 2002, SkyeTec has annually grown its total revenue by more than 200 percent. The romantic way to explain the company’s success is to say it’s a Cinderella story. More accurately, SkyeTec is a story of execution to solve large problems, vision to recognize opportunities and flexibility to quickly bring massive resources to bear on client needs.

SkyeTec’s executive leadership has an uncanny ability to perceive opportunity and react quickly to deliver services based on clients’ need. In 2000, SkyeTec founders Chris Uhland and Ted Nelson discovered one of the largest opportunities they had ever faced. The headlines in the news that year were screaming lawsuits over mold exposure. Ted and Chris quickly brought their scientific, ethics-driven perspective to bear on the burgeoning market.

A Texas jury awarded Melinda Ballard $32 million dollars based on charges of bad faith against her builder concerning mold discovered in her home. Ballard also filed a $100 million suit against her home insurance carrier. The story of Ballard’s mold problems broke across the U.S. In a 1999 USA Today article, Ballard described her house as the “house of pain.” National news broadcasts hawked headlines like “The Insidious Mold” and six years later the coverage continues. Ballard eventually settled out of court for an undisclosed amount. An immediate fallout from the Ballard case caused several insurers, including Farmers and State Farm, to completely stop writing homeowners insurance in Texas. Read the full document here (note: This is a large document that may take several minutes depending on your connection).