West Palm Beach-based Verdex Construction has been selected as a finalist in the 2017 GrowFL “Florida Companies to Watch” awards. The awards event – now in its sixth year – honors 50 select second-stage companies from throughout the state for developing valuable products and services, creating quality jobs, enriching communities, and broadening new industries throughout Florida. More than 600 companies were nominated for this year’s award. The finalists collectively represent $598 million in annual revenue and employ 3,028 full-time equivalent employees.
“We greatly appreciate the recognition from GrowFL. Thanks to the dedication of our talented staff, we have grown our business exponentially and we have many projects in the ground and in our pipeline to continue to build on that growth,” said Verdex Construction president Rex Kirby.
Verdex began offering construction services in 2015, growing from an initial staff of eight to 31 in 2016. Revenue has grown from just under $2 million in 2015 to an expected $100 million plus in 2017. Verdex provides general contracting services to clients including preconstruction, construction management, and design-build.
Verdex projects underway throughout South Florida include 1000 North, a Michael Jordan co-owned restaurant on the Loxahatchee River in Jupiter; Sabbia Beach Condominiums, a 19-story, 68 unit luxury residential tower in Pompano Beach; the Turnpike Business Park, a light industrial office/warehouse facility project in suburban West Palm Beach; and several apartment complexes including the recently completed High Ridge Apartments in Boynton Beach.
“We applaud these first round finalists who have shown how they stand out in their regions as innovative business leaders, going to the next level to grow their companies. They are true rock stars,” says Dr. Tom O’Neal, GrowFL executive director.