Business View Magazine | Volume 8, Issue 7

51 BUSINESS VIEW MAGAZINE VOLUME 8, ISSUE 7 EBSARY FOUNDAT ION COMPANY he discovered a company driving piling out on the beach in Fort Lauderdale. It was a beautiful, 74 degree day and Shiring was smitten. He took note of the name – Ebsary Foundation Company – and contacted them once back in Maryland. Fast forward to Labor Day weekend of 2007 and Shiring had moved to Florida to work for Ebsary. Until then a relatively small company, with a long history in deep foundations, the largest opportunity for Ebsary’s recent growth came in 2010-12. It was a massive heavy highway and marine project with Dragados, USA, a large Spanish firm that is one of the largest construction companies in the world and a subsidiary of the Madrid-based construction and engineering conglomerate, ACS Group. The project was the I-595 roadway expansion, which is the Interstate connecting I-75 to I-95 in Ft. Lauderdale, also known as the Port Everglades Expressway. It was a Public-Private Partnership (PPP) initiative, one of the first of its kind, between the Florida Department of Transportation (FDOT) and the Dragados/ACS consortium, for which Ebsary was a key sub- contractor. The I-595 work resulted in nearly 3 years of heavy highway, bridge and marine work and a total contract value in excess of $30 million. The sustained work Ebsary performed on I-595 allowed for the “Organic Growth” that Shiring expresses is key to Ebsary’s success – which included hiring permanent personnel and procuring extensive amounts of key equipment, which stayed with the company for future work. In 2010, Scott Alfele, the Great Grandson of its founder, took over as President of Ebsary from Richard Ebsary, the third generation of the family to run the company. Shortly after, Shiring became Vice President. “The last decade or so has seen a concerted effort by the company to re-establish ourselves as a South Florida leader in marine and heavy I - 595 Project Miami Beach - 1940s