WEST PALM BEACH, Fla.–(BUSINESS WIRE)–GFA International, Inc. (“GFA”) has received a growth equity investment
from Palm Beach Capital and Gary Elzweig. GFA is a recognized leader in
Geotechnical & Environmental Engineering, Inspection Services,
Construction Materials Testing, Construction QA/QC and Building Code
Compliance Services throughout the state of Florida and on high-quality
residential, commercial, transportation and infrastructure construction
projects. With offices in Delray Beach, Fort Myers, Port St Lucie,
Miami, Sarasota and Clewiston, the firm is uniquely positioned for
explosive growth throughout the Southeastern United States.
“Our partnership with Palm Beach Capital and Gary Elzweig creates a huge
opportunity for us to strengthen our core services, retain exceptional
talent, expand into new markets and to grow our service lines
organically and through strategic acquisitions, which will continue to
distinguish us even further in the construction industry,” says Frank
Frione. Frank Frione and Fred Kaub the founders of GFA International,
Inc. will continue with the firm as the Chief Executive
Officer and the President, respectively and remain the largest
individual investors in the company. “Mr. Elzweig will serve as the
Chairman and will help us take the firm to the next level and beyond,”
Mr. Frione says.
“We are excited to partner with the entire GFA International management
team and we look forward to providing the necessary support and capital
for the company to expand its footprint across the nation through a
network of professional engineering service firms servicing national and
regional developers, contractors, the Army Corp of Engineers, state
Departments of Transportation, municipal governments and design
professionals,” commented Nate Ward, co-founder and partner at Palm
Beach Capital.
“GFA International, Inc. has the proven capabilities and track record
over its 30-year history and this investment will further support and
grow its customer base throughout the country,” Mr. Elzweig says.
Mr. Kaub adds, “The investment by Palm Beach Capital and Gary Elzweig is
a unique opportunity to create more innovative risk management solutions
for the construction industry and to take our brand of client concentric
services nationwide.”
“GFA’s management team and talented technical staff along with Mr.
Frione’s skills in integrating resources for operational efficiency, Mr.
Elzweig’s visionary leadership and strategic plan coupled with Mr.
Kaub’s technical expertise and direction, positions GFA International,
Inc. to strengthen its place as the industry leader in third party
quality assurance for the residential and commercial construction
industry,” Mr. Ward says.
About Palm Beach Capital
Founded in 2001, Palm Beach Capital is a private equity firm with
offices in West Palm Beach, Florida. The firm focuses on high growth
investment opportunities and partners with management teams in middle
market management buyouts, recapitalizations and growth equity
investments. Since its inception, Palm Beach Capital has made
investments in more than 50 companies.
About Gary H. Elzweig
Gary H. Elzweig, PE, F.ASCE, a graduate of Columbia University School of
Engineering is the founder and CEO of EMECO Consulting, LLC and was the
founder and CEO of PEICO Engineering, CAPRI Engineering and Quality
Built, LLC as well as COO of US Laboratories, with 35+ years of
experience in the fields of engineering, design, and construction. In
2006 Mr. Elzweig was named the “Emerging Entrepreneur of the Year” for
the State of Florida by Ernst & Young. www.emecoconsulting.com.
Contacts
Nate Ward
Palm Beach Capital
561-659-9022
[email protected]
