Business View Magazine | Volume 8, Issue 7

53 BUSINESS VIEW MAGAZINE VOLUME 8, ISSUE 7 company needs to generate each year to cover fixed annual operating costs and desired profit. Anything beyond that threshold is a question of what actually benefits the company without assuming excessive risk or limited long term reward. Ebsary actually grew its business during the COVID-19 pandemic, which included purchasing a second office in Broward County in addition to its Miami office. Extensive project opportunities were available during the pandemic due to the decision by Florida’s Governor, Ron DeSantis, and other state and local authorities, to accelerate public works projects. Also, minimal use of roads and heavy commutes during lockdowns meant that work was more efficient for heavy civil contractors, like Ebsary, to accomplish. Longer-term goals continue to be a focus on maximizing opportunities and what Shiring calls “flexing with the industry.” This refers to how commercial and public sector work in certain EBSARY FOUNDAT ION COMPANY markets can explode then suddenly retract based on market conditions. Foundation piling for high-rises may be in abundance during housing market booms but will retract during bear markets. This also includes heavy civil municipal projects, which often react to both markets and needs and also to Government funding, like stimulus programs. Ebsary adapts to the market changes by focusing their efforts on whichever market is most abundant at the time. This was most evident during the condo and housing boom in the 2000s, when Ebsary was nearly entirely vested in commercial deep foundation work, right up to the sudden market collapse in 2008. That collapse of the commercial and residential market would have severely crippled Ebsary had they not been able to make the shift to focus more on available Heavy Civil Projects, like the I-595 project. Larger-scale civil engineering projects can also Cruise Ship Mooring