Founded in 1928 by Captain Josiah W. Reed and son Carlton Day Reed, the initial capital was roughly $2,000. By 1930, Reed & Reed was already beginning its first bridge construction projects. These would come to define the company's image for nearly five decades.
Although founded in 1928, Reed & Reed, Inc. was first incorporated in 1982. Since then, operations have continued to grow and expand.[2] In 1992, RR Caribbean Inc. was established in St. Thomas to handle the company's Caribbean ambitions. Only two years later, in 1994, the company purchased Callahan Brothers, Inc., a leading competitor in contracting and design.
The company began a project in 2003 as a joint venture with rival Cianbro Inc. The Penobscot Narrows Bridge and Observatory, which has become a Maine landmark, began construction following a competitive bid among many contractors. Other high-profile undertakings included one of New England's largest wind farms, located in Mars Hill, Maine, and the new Ocean Gateway pier for cruise ships in Portland, Maine.[3]
In 2022, it was announced that Reed & Reed would lead the Maine Department of Transportation's replacement of a deteriorated bridge in Woolwich and add another new bridge to the project to address flooding concerns.[4]