From the Army to finance to tech to owning an excavation firm, Andrea Sloan says ‘yes’ and takes chances

The IBJ Podcast

Readers of IBJ’s annual lists of fastest-growing Indianapolis-area companies might be familiar with GroundBreakers, formerly known as GroundBreakers Hydrovac Excavation. Between 2020 and 2022, its annual revenue grew 154.6% to $13.9 million in that third year. Between 2021 and 2023, its annual revenue grew 143.1% to $18.9 million in that third year, which was good for 10th place on our most recent list. All of that growth came under President Andrea Sloan, who was recruited in 2018 to become the chief executive and to buy the firm. She acquired it in chunks and became the outright owner in 2021.

So who is this genius Andrea Sloan? Is she one of those management ringers that private equity firms hire to take over companies? Nope. Did she have a resume full of experience in the construction and utility services fields? No. Did she at least have an MBA? No. Andrea Sloan’s rise is a testament to many of the less traditional paths to business leadership we’ve discussed over the years on the podcast, as well as some of the less measurable philosophies of career management. Sloan is a veteran of the U.S. Army Reserves, an entrepreneur and a jack of all trades with significant experience in a wide variety of fields. She also is a proponent of the “fake it til you make it” philosophy, enthusiastic networking and always saying “yes” to opportunities.
As our guest on this week’s episode of the IBJ podcast, Sloan discusses growing up on the east side of Indianapolis and attending Scecina Memorial High School. She shares what she learned from the reserves, co-founding a company and taking a side trip into state government. She extols the virtues of taking chances, finding mentors and hiring other veterans. And she recalls what she calls her “Pretty Woman” moment, when the banks that declined to loan Groundbreakers money started seeking out her business.

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