David Peters

Image of  David  Peters

David Peters

Peters Construction Corporation

Laureate 2012

Honest, trustworthy, driven, and fair. These are all words to describe local business leader, Dave Peters. David S. Peters was born in Cedar Falls, IA, son of Robert and Esther Peters. He attended Cedar Falls High School and graduated in 1973. Dave grew up in the construction business with his dad, who was the general manager of what was at the time Lockard Construction. Dave began working with his Dad in the summer, doing everything from running errands to cleaning up on the job sites, and developed a passion for the construction business. Dave decided to pursue a career in the construction business, and graduated from the University of Northern Iowa in 1978 with a degree in Construction Technology. After graduation, Dave immediately went to work for Lockard Construction. Dave learned the construction business from all angles, starting as an estimator, and moving on to project manager, safety director, and, eventually, superintendent. Dave’s passion for excellence and attention to detail continued to grow as he learned the ins and outs of the construction business. In 1983, Dave decided he wanted to make a change, having always only worked for his father. So, he took a job with Henkel Construction in Mason City, where he was eventually named Vice President. Dave worked for Henkel Construction for five years, and then, in 1988, a chance phone call with Ken Lockard changed the course of Dave’s career. Dave had called the Lockard Construction office, and after speaking with Ken, learned of an opening in the business. Dave decided to come back to work for Lockard Construction, the place where he had spent so many summers growing up working with his father.

In 1993, Dave was given the opportunity to purchase Lockard Construction. He did, and officially become President in 1994, a position which he has held ever since. The company was renamed Peters Construction Corporation. Dave’s steady hand, honesty, integrity, and unwavering commitment to a quality product has helped Peters Construction Corporation grow into an over $25 million construction firm. Dave has maintained many close friendships from his days at Cedar Falls High School, and many of the subcontractors he works with today are childhood friends, which show Dave’s commitment to building lasting relationships, and not just buildings. Friends say he is one of the hardest working individuals that they have ever met, and that his attention to detail and doing things the right way are what have lead to his success.

Dave has left an indelible footprint on the Cedar Valley through the numerous construction projects that Peters Construction Corporation has managed over the years. They have been involved in many major projects throughout the Cedar Valley including building the Martin Brothers campus, renovations at Beaver Hills Country Club, PFG, the football stadium and science hall at Wartburg College, and numerous projects for the University of Northern Iowa, including the East Gym renovation, and corporate suites in the McLeod Center.

In addition to running one of the most successful construction businesses in the Cedar Valley, Dave has had a huge impact on the Cedar Valley community. Dave and his wife Cindy are devoted University of Northern Iowa fans, and Dave has served on several committees and advisory boards at UNI. He has also been involved with Wartburg College, the Greater Cedar Valley Alliance, Covenant Medical Center, Beaver Hills Country Club, Cedar Valley United Way, and many more. Dave has also served on many industry boards, including Master Builders of Iowa (President in 1995), Associated General Contractors of America, and the Waterloo Building Trades Association.

Dave and his wife of 36 years, Cindy, reside in Cedar Falls. Together they have two sons, Nate and Matt, both of whom are employed with Peters Construction.

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