SPENCE BROTHERS CONSTRUCTION, INC.

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1 SPENCE BROTHERS CONSTRUCTION, INC. A Proud Heritage Commercial Projects Traditional Homes Cottage Style Homes Mission Statement Our goal is to exceed our customer s expectations for quality and service while forging relationships that last long after the project is completed. State Certified General Contractor License Number CG-C Distinguished Member of Bonded Builders Home Warranty Association Website

2 Company History Spence Brothers Construction incorporated in 1994 with the intent of building and developing custom homes and subdivisions with a strong emphasis on quality and detail. Initially we concentrated our efforts on high-quality, affordable, single-family homes in moderately priced subdivisions. We have more recently focused on commercial projects, traditional homes and cottage style homes. The vast majority of our business comes to us by referral from previous satisfied customers, architects and engineers, and business and personal relationships. Spence Brothers Construction has experience that includes: steel, concrete, wood-frame and insulated concrete form (ICF). We are experienced in building various types of commercial buildings including secure facilities with SCIF construction for defense contractors, executive office space, medical facilities and retail space.

3 PRINCIPALS Jerry M. Spence President Jerry is an area native and lifelong resident, born in the Old Bay Hospital in Valparaiso Florida. He graduated from Niceville High School and excelled in the University of West Florida s graduate courses for construction technology. Jerry began working in commercial construction and development in 1973 for Spence Brothers Properties. He earned his General Contractors license and continued gaining valuable experience. In 1994, Jerry incorporated Spence Brothers Construction and began establishing himself as a premier builder in Niceville, Valparaiso, Destin and South Walton County, Florida. Today Jerry still lives in Valparaiso Florida with his wife Karen. Their son Charles is a college student. Jerry volunteers his time with the First United Methodist Church of Niceville Florida as a Trustee, Building Committee Member and Sunday School Teacher. Herbert H. Marthis Vice President Bert is an area native and lifelong resident born in the Old Bay Hospital in Valparaiso Florida. After serving his country in the United States Army for six years, he returned to the area and worked in the construction industry. Bert began working for Spence Brothers Properties in 1987 and joined Jerry in Spence Brothers Construction in He specializes in on-site client and subcontractor relations. Bert lives in Valparaiso Florida with his wife Joyce. Their son Adam is owner and operator of Twin Cities Transmission, a very successful local business.

4 PRINCIPALS, cont. Gary A. Balinsky Director of Operations Gary first came to the area in He has a Bachelor of Science degree in Civil Engineering, experience in engineering and construction management and has owned and operated businesses for many years. Gary has completed courses in Computer Aided Design I & II and Engineering Graphics at Okaloosa-Walton Community College. He also is a graduate of Leadership Okaloosa, a program sponsored by the area Chambers of Commerce to identify and cultivate local leaders, and has served on the Leadership Steering Committee for four years. Gary lives in Bluewater Bay with his wife Melinda and their son Alex. He remains active in the Niceville-Valparaiso and Destin Chambers of Commerce. Gary teaches Sunday School at the First United Methodist Church of Niceville Florida where he is also a youth leader and member of the Administrative Board. Kevin Galloway - Director of Field Services Kevin has lived in Northwest Florida for many years. He started a framing contractor business in Pensacola Florida before moving to the Niceville area. Kevin moved to the Niceville area in 1992 and has worked with Spence Brothers Construction since He has directed field services for many custom residential projects and commercial projects for Chili s and Fudpucker s restaurants in Destin, Florida.

5 Area Pioneers Local Area History and the Spence Family Jerry s great-great-grandfather, Isaac Spence, came to the Choctawhatchee Bay area in the 1850 s. He began farming in the Alaqua Creek area of Walton County near Freeport Florida. Jerry s great-grandfather Sylvester S. Spence started a sawmill in the late 1800 s on Boggy Bayou where Lions Park in Niceville, FL is now. By the turn of the century their sawmill at the mouth of Turkey Creek was cutting 50,000 board feet per day. As one of the largest sawmills in North Florida the timber was used to build railroads from east to west across the United States. Sylvester Spence owned much of what is now Okaloosa County which he purchased from the Federal Government for 25 cents per acre. After cutting the timber he gave the land back rather than continue to pay taxes. Walter S. Spence was Jerry s grandfather who worked in the family sawmill business. One of his earliest jobs as a woods-rider was to supervise turpentine operation from horseback. In the early 1930 s he started a dairy in the area where the Climatic hanger is now on Eglin Air Force Base. In 1932 Walter S. began a fish company on Boggy Bayou and started building commercial fishing boats in Valparaiso in the early 40 s. In the mid 40 s he and his brother began Gulf Coast Building Supply Company and a millworks in Valparaiso. He served for twenty-eight years as one of Okaloosa County s earliest commissioners. Jerry s father, Walter Francis Spence, was born in the Village of Bolton, earned an engineering degree from Tulane University, and began working with the United States Air Force at Eglin in the 50 s. As President of the Chamber of Commerce, he came up with the idea for the Boggy Bayou Mullet Festival in Niceville and started working towards building the Mid-Bay Bridge in He formed Spence Brothers Properties to develop and build commercial property in the area. Walter Francis is still active in the company, the Mid-Bay Bridge Authority and as a consultant in the local defense industry.

6 Testimonials Lockheed-Martin required several renovations to our new office in the Tech Center prior to occupancy. All renovations were completed by the agreed date and the quality of the work was outstanding. David L. Price Lockheed-Martin Corporate Field Office Mr. Spence built a house for my husband and myself, the workmanship was superior and we were more than satisfied. Mr. Spence has exhibited a high level of integrity and upheld that standard with all the subcontractors as well. His attention to detail is scrupulous and consistent. We highly recommend Mr. Spence for any upcoming projects you may be considering him for. Faith Gibson, Niceville, Florida It is a personal pleasure to provide this letter of recommendation for Mr. Jerry Spence and Spence Brothers Construction. Spence Brothers Construction recently completed construction on our new home. Mr. Spence was the consummate professional. He devoted a significant amount of time, before construction, with my wife and I developing the requirements for our new house. The house was completed a full thirty days early, and we have proudly shown Mr. Spence s work to all of our friends and associates. Robert O. Hoffman Jr., Niceville, Florida Spence Brothers Construction has been doing business with Peoples National Bank since During this time we have extended credit up to a medium six-figure amount, which has been handled in a very satisfactory manner. This company maintains a deposit account, which has never been overdrawn and carries a high five-figure balance. We can also recommend the quality of their work and the professional manner in which they conduct their business. Eugene Moore, Executive Vice-President Peoples National Bank, Niceville, Florida My wife and I talked to several builders and looked at various homes that were constructed by local builders. We selected Jerry because of his professionalism and that he seemed to take a very personal interest in the homes he was building. During and after the construction of our home, Jerry and his crew followed up and came back to our home to insure that we were satisfied and had no complaints. I would not hesitate to recommend Mr. Jerry Spence for home construction and believe that he is an excellent builder an businessman. Stanley R. Chandler, Niceville, Florida

7 Commercial Projects Bluewater Gateway Medical Center in Bluewater Bay National Award winning building for Design and Construction

8 Commercial Projects, cont. Veridian Engineering - New Office Building in Niceville Coastal Landscaping Office and Maintenance facility in Santa Rosa Beach Emerald Coast Periodontics Oral Surgery Center in Destin Florida

9 Allen Nobles & Associates new office space Niceville Area Businesses

10 Commercial Projects, cont. New Construction Emerald Coast Services - new office/warehouse building Allen Nobles & Associates new office space Applied Research new office and laboratory facility Coastal Landscaping new office/warehouse building Emerald Coast Periodontics new dental surgery center Bluewater Gateway Medical Center new medical facility Veridian Engineering two new office buildings Commercial Build-out General Dynamics (defense contractor) new office in existing building Boeing (defense contractor) building renovation Lockheed-Martin (defense contractor) commercial renovation Applied Research (defense contractor) new office in existing building B3H (defense contractor) new office in existing building Chiropractic Associates new facility in existing building Tropical Smoothie new restaurant in existing building Other Commercial Projects Bayou Plaza 80,000 sf Shopping Center complex, steel building construction T-Shirts Plus 4,500 sf retail and office space, steel building construction Destin Savings and Loan business and office space steel building construction Destin Ice House and Fish Company retail and commercial space, steel building construction

11 Cottage Style Homes Watercolor

12 Traditional Homes Niceville Area

13 Niceville Area, cont. Regatta Bay

14 The Spence Brothers Advantage Services Design / Build General Contracting Construction Management Pre-construction Consulting Management Tools AIA Documentation Detailed Estimates Job Cost Accounting Customized Reports Critical Path Scheduling Contact Us 301 Bayshore Drive Niceville, FL Phone Fax