May 01, 2019 12:17 PM Eastern Daylight Time
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
“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.