A Denver-based construction services company is shutting down operations and laying off more than 140 employees, underscoring ongoing financial pressures within parts of the construction sector.
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The Tendit Group LLC announced it will lay off 143 workers across Colorado and Arizona as it prepares to permanently close its business. The company disclosed the decision in a filing under the Worker Adjustment and Retraining Notification Act, which requires advance notice of mass layoffs and plant closures.
Of the total layoffs, 107 employees are based in Colorado. The workforce reductions began this month and are expected to be completed by April 30.
Company leadership cited ongoing profitability challenges as the primary reason behind the shutdown.
“Despite substantial efforts on the part of management, The Tendit Group, LLC, is unable to turn a profit,” said Ray Byrd, in a letter submitted to state officials. “As a result, The Tendit Group, LLC, will be permanently closing its facilities and laying off all remaining employees.”
The company had previously been recognized as one of the fastest-growing businesses in the Denver metropolitan area, making the closure a notable reversal of fortune.
Tendit’s operations span multiple locations, including five sites across Colorado and one in Arizona. The company’s services have included construction-related work and landscaping, according to its website.
The closure reflects broader challenges facing segments of the construction industry, particularly firms operating in specialized or regional markets. Rising costs, labor shortages and shifting demand have created a difficult environment for some contractors to maintain profitability.
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While large infrastructure and data center projects continue to drive growth in certain areas, smaller and mid-sized firms may face tighter margins and increased competition. Companies with diverse service offerings, such as landscaping and maintenance, are not immune to these pressures.
The layoffs will impact workers across two states, adding to ongoing concerns about workforce stability in the construction sector. The WARN filing ensures affected employees receive advance notice, but the sudden loss of jobs may still create economic ripple effects in local communities.
Despite the setback, industry analysts note that construction employment overall remains relatively strong in many regions, though uneven performance across firms highlights the importance of financial resilience and project pipelines.
The closure of Tendit Group serves as a reminder that even fast-growing companies can face abrupt downturns when profitability challenges persist.
Originally reported by Denver Business Journal in 9 News.
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