Verdex Construction

What Verdex Construction does

Verdex Construction is a privately held Florida commercial general contractor founded in 2014 by Rex B. Kirby, Jr., a 40+ year construction veteran and former regional president of Suffolk Construction. The company is organized as Verdex Construction, LLC, domiciled in Florida, and headquartered at 1501 Belvedere Road in West Palm Beach following a $13.4 million joint venture purchase of the office building with Index Investment Group in 2021. Verdex delivers preconstruction consulting, construction management, and design-build services as a general contractor across seven end-markets: multifamily residential, hospitality, senior living, industrial/manufacturing, commercial/retail, tenant improvements, and government/education and non-profit projects.

The company operates as a traditional general contractor without a proprietary technology platform, relying on Procore construction management software for project management, collaboration, and workforce training. It has executed more than 10 million square feet of construction and approximately 7,000 apartment units over its first decade, with a track record of repeat work for developers and institutional clients across South, West, Central, and North Central Florida. Verdex has invested in industry-leading safety practices, reporting a safety modification factor significantly below the industry standard, and has accumulated multiple regional construction awards (AIA Palm Beach Builder of the Year, ABC Excellence in Construction Gold Eagle Awards, Procore Groundbreaker finalist).

Verdex's revenue model is project-based professional services — revenue is earned through negotiated or competitively bid general contracting contracts with property developers, corporations, government entities, and non-profit organizations. Pricing is quote-based and not publicly disclosed; each contract is bid individually based on scope, specifications, and client requirements. The go-to-market is direct enterprise field sales with a relationship-driven, repeat-client and referral pipeline. Annual revenues reached $350 million in 2024, up from approximately $250 million in 2022, supported by approximately 110 employees distributed across offices in West Palm Beach, Tampa, Orlando, and Gainesville. Verdex does not use resellers, intermediaries, or external distribution partners; customer acquisition is driven by owner and subcontractor relationships, industry reputation, and competitive bidding.

Name

Verdex Construction

Legal name

Verdex Construction, LLC

Website

https://verdex.com

Company type

Private

Founded year

2014

Operating status

Operating

Headcount range

51–100 employees

Short description

Verdex Construction is a Florida-based commercial general contractor offering preconstruction, construction management, and design-build services across multifamily, hospitality, senior living, industrial, commercial, and public-sector projects for property developers and institutional clients statewide.

Ownership category

akta.pro rank

Product category

Commercial Construction Services

NAICS

New Multifamily Housing Construction (except For-Sale Builders) (236116), Nonresidential Building Construction (2362), Commercial and Institutional Building Construction (236220)

SIC

General Bldg Contractors - Residential Bldgs (1520), General Bldg Contractors - Nonresidential Bldgs (1540)

akta.pro primary industry

Multi-Family Residential Construction (Apartments, Condos, Townhomes) (IMAFABAB)

akta.pro secondary industries

Senior Living & Assisted Living Facility Construction (IMAFACAJ), Office & Corporate Building Construction (IMAFACAA)

Keywords

• Commercial general contracting
• Multifamily construction services
• Preconstruction and design-build
• Construction management services
• Hospitality and senior living construction

Headquarters

HQ city

West Palm Beach

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Supply Chain, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. General Contracting Services: Verdex generates revenue through general contracting services including preconstruction consulting, construction management, and design-build delivery methods. Revenue is project-based, earned through construction contracts for commercial, multifamily, hospitality, industrial, and other building projects.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels6 records

Core offering

Verdex Construction is a Florida-based commercial general contractor delivering preconstruction consulting, construction management, and design-build services for ground-up and renovation projects. The firm builds across multifamily residential, hospitality, senior living, commercial/retail, industrial/manufacturing, tenant improvement, government/education, and non-profit project types, primarily serving developers, hospitality operators, senior living providers, corporations, and public entities across South, West, and Central Florida.

Product overview

Verdex Construction is a privately held commercial building contractor based in West Palm Beach, Florida, offering general contracting services including preconstruction, construction management, and design-build delivery. The company specializes in diverse project types across Florida including multifamily residential, hospitality (hotels and country clubs), senior living, commercial/retail, industrial/manufacturing, tenant improvements, government/education, and non-profit construction. Founded in 2014 by President Rex Kirby, the company operates from three Florida offices and has grown to approximately $350 million in annual revenues.

Differentiator

Problem solved

Functional benefit

Products and services

• General Contracting Services Full-service general contracting delivered via preconstruction, construction management, and design-build delivery methods for commercial building projects throughout Florida.
• Multifamily Residential Construction Construction of multifamily residential buildings including garden-style apartments, high-rise apartments, condominiums, student housing, and mixed-use residential with retail.
• Hospitality Construction Construction of hotels, resorts, branded-flag properties, country clubs, and clubhouse facilities for hospitality operators and owners.
• Senior Living Construction Construction of senior housing communities including independent living, assisted living, memory care, and age-restricted living facilities.
• Commercial and Retail Construction Construction of commercial buildings, retail spaces, restaurants, and mixed-use developments for commercial landlords and tenants.
• Industrial and Manufacturing Construction Construction of industrial facilities, warehouses, manufacturing plants, and distribution centers to serve logistics and e-commerce demand.
• Tenant Improvements Interior buildouts and renovations for commercial tenants including office buildouts, restaurant buildouts, and medical office spaces.
• Government and Education Construction Public sector construction including K-12 schools, municipal buildings, government facilities, and public works projects procured via competitive bidding and SBE/MBE/WBE participation.
• Non-Profit Construction Construction services for non-profit organizations including residential campuses, community facilities, and social service centers.

Quantifiable outcome

• Built more than 10 million square feet of space over 10 years
• +4 more outcomes

Named customers10 records

Segments7 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Two partnerships are on record, tiered core.

• Procore TechnologiescoreTechnology or Integration · 1 August 2023Verdex uses Procore Technologies construction management software for project management, collaboration, and training. The company developed internal training programs for Procore and was recognized as a 2023 Procore Groundbreaker finalist for Excellence in Workforce Development for their training initiatives with local SBEs and the School District of Palm Beach County.
• District Pointe LLCcoreStrategic or Co-development Partner · 1 November 2021Joint venture between Verdex Construction and Index Investment Group to purchase a 65,760 square foot office building at 1501 Belvedere Road in West Palm Beach for $13.4 million. The building was rebranded as District Pointe and serves as Verdex's new headquarters while providing Class A office space for multiple tenants.

Scale indicators6 records

Recent moves9 records

Expansion highlights5 records

Broad incumbents

• Suffolk Construction: National ENR top-50 general contractor where Verdex founder Rex Kirby previously served as regional president (growing the Florida region from $60M to $400M+). Closest comparable in size, target verticals (multifamily, hospitality, senior living, commercial), and operating geography in Florida.
• Gilbane Building Company: Large national GC with a meaningful Florida presence across multifamily, education, healthcare, and commercial — competing for the same mid-to-large project set as Verdex in Tampa, Orlando, and South Florida.
• Turner Construction Company: Top-3 U.S. ENR general contractor with significant Florida operations across commercial, hospitality, multifamily, and institutional — competing for larger projects that Verdex is increasingly bidding on.
• Brasfield & Gorrie: Employee-owned national GC with strong Southeast U.S. presence in multifamily, senior living, healthcare, and commercial — comparable project size band and target verticals, especially in Tampa/Orlando.
• Balfour Beatty US: National GC with a significant Florida operation focused on multifamily, hospitality, education, and commercial — direct competitor on Verdex's larger multifamily and hospitality projects.
• AECOM Hunt: National construction manager / general contractor active in Florida hospitality, multifamily, and commercial — comparable on larger hospitality and mixed-use pursuits.

Direct peers

• Moss & Associates: Fort Lauderdale-based general contractor of comparable size and revenue scale operating across Florida in multifamily, commercial, hospitality, and senior living. One of the most direct regional competitors to Verdex in South Florida.
• Stiles Construction: Fort Lauderdale-headquartered commercial general contractor with overlapping verticals (multifamily, office, hospitality) and a long-standing South Florida presence. Directly comparable in size, geography, and project mix.
• Coastal Construction: Miami-based, family-owned commercial GC serving South Florida across multifamily, hospitality, commercial, and luxury residential — closely overlapping Verdex's vertical mix and project size band.
• Plaza Construction: Florida-headquartered GC with strong South Florida and Tampa presence in multifamily, hospitality, and mixed-use development — directly comparable verticals and regional footprint to Verdex.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/VerdexConstruction
• LinkedInlinkedin.com/company/verdex-construction
• Instagraminstagram.com/verdexconstruction

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Verdex Construction