SAN DIEGO and NEWPORT BEACH, CALIF. – Global Infrastructure Solutions Inc. (“GISI”) and Gafcon, Inc. (“Gafcon”) today announced that GISI’s wholly-owned subsidiary Gafcon PM-CM LLC (“Gafcon PM-CM”) has purchased substantially all the operating assets of Gafcon. The terms of the deal are confidential.
“We are pleased to welcome the Gafcon management team and employees to the GISI family of companies,” stated Rick Newman, GISI’s Chairman and CEO. “Both Gafcon and GISI share a customer-centric and relationship-based corporate culture founded on the core tenets of integrity, mutual respect, and trust. The agreement advances GISI’s Engineering and Consulting businesses by expanding our capabilities and end market coverage and complements the services and growth of GISI’s other operating companies.”
Yehudi “Gaf” Gaffen, Gafcon, Inc. Chairman and founder, said, “We are proud of the company that my wife, Pam, and I founded back in 1987, and our employees’ dedication to excellence in service to our valued owner-clients. This strategic agreement underscores our commitment to serving our clients, supporting the communities in which we live and work, and providing our people with the opportunity to personally and professionally grow and thrive.”
Gafcon Co-CEOs Robin Duveen and Bryan Benso will join Gafcon PM-CM and continue to lead the company.
With offices in San Diego, Los Angeles, and Imperial Valley, Gafcon, Inc. has 36 years of experience supporting K-12 and community college construction bond programs with program management or staff augmentation for clients in addition to architecture, sustainability, controls, technology and more. Gafcon, Inc.’s approximately 130 employees will join Gafcon PM-CM, and client projects will continue to be serviced by their respective project teams.
The Environmental Financial Consulting Group served as exclusive financial advisor to Gafcon, Inc.