McCarthy Holdings, Inc. Names Dhruv Patel President and Chief Operating Officer

McCarthy Holdings, Inc. (McCarthy), one of the largest 100 percent employee-owned construction companies in America, is pleased to announce that Dhruv Patel has been named President and Chief Operating Officer. Patel will report directly to Chairman and Chief Executive Officer Ray Sedey and replaces Chief Operating Officer Joe Jouvenal, who is transitioning into a new role as Chief Transformation Officer. 

Patel will be responsible for strengthening alignment across McCarthy’s regional and national businesses to drive greater consistency and deliver exceptional results for clients. In addition to broad operational leadership, he will also provide executive oversight for core corporate functions. 

Patel joined McCarthy Building Companies, Inc. in 2013, playing an instrumental role in the growth and evolution of the builder’s national Renewable Energy group. His vision, leadership and passion for building strong teams were pivotal in helping scale McCarthy’s renewable energy portfolio from a $20 million renewable energy business to more than $2 billion, supporting clients nationwide and positioning McCarthy as one of the nation’s premier solar and battery storage contractors. Throughout his career, Patel has held a variety of executive officer roles across the project life cycle, from preconstruction to operations.  

“Dhruv is a thoughtful, strategic leader who understands our business from the ground up and has a strong track record of delivering results,” said Ray Sedey, Chairman and Chief Executive Officer of McCarthy. “He is a great builder, and he brings the judgment, operational discipline and collaborative leadership needed to strengthen alignment across our company.” 

“This is an exciting time to be at McCarthy,” said Patel. “The construction industry today is in the midst of a transformation, and our company is innovating in so many areas. I’m inspired by the talent of our employees and craft workforce who do incredible work every day, safely and with a relentless focus on quality. It’s truly an honor to step into this role and help lead us forward.” 

Patel holds a bachelor’s degree in electrical engineering and a master’s degree in business administration from Arizona State University. He previously served as a Leadership Circle Member in the Energy Storage Association and was recently recognized as a national 2026 Engineering-News Record Top 20 Under 40 winner. 

About McCarthy Holdings, Inc. 

McCarthy Holdings, Inc. (McCarthy) provides the foundational business infrastructure for its subsidiary, McCarthy Building Companies, Inc., and its related businesses, and is the oldest privately-held national construction company in America. McCarthy focuses on solving complex construction challenges on behalf of clients in a variety of markets across America, while providing great experiences for everyone.  

Guided by its commitment as a community builder, McCarthy is passionate about investing in the long-term success of the communities where its employee-owners live, work and build.  

Repeatedly honored as a Best Place to Work, McCarthy Holdings is 100 percent employee-owned and ranked the 22nd largest contractor (Engineering News-Record, May 2026). With over 8,300 salaried employees and craft professionals, the firm is headquartered in St. Louis, Mo. More information about the company is available online at www.mccarthyholdingsinc.com or by following the company on LinkedIn.