Stellar Development Acquires The CGC Group Florida LLC,
Expanding Market Presence and Strengthening Private Sector
Capabilities
SARASOTA, Fla., May 27, 2024
/PRNewswire-PRWeb/ -- Stellar Development, a leading General
Contracting Firm headquartered in Sarasota, Florida, is excited to announce the
acquisition of The CGC Group Florida LLC, a renowned multi-faceted
firm providing pre-construction, construction management,
design/build, and owner's representative services across
commercial, healthcare, and industrial sectors. This strategic
acquisition aligns with Stellar Development's vision of enhancing
service offerings and expanding its footprint in the Florida market.
"We are excited to welcome The CGC Group
Florida LLC to the Stellar Development family. This acquisition
represents a strategic step in our growth strategy, allowing us to
expand our service offerings and market reach," said Maurice Opstal, President of Stellar
Development.
ENHANCED CAPABILITIES AND MARKET REACH
The acquisition of The CGC Group Florida LLC, known for its
client-centric approach and comprehensive service offerings,
significantly bolsters Stellar Development's capabilities. The CGC
Group's expertise in private, commercial, healthcare, and
industrial markets complements Stellar Development's existing
portfolio, positioning the company for robust growth and market
leadership.
STRENGTHENING PRIVATE AND PUBLIC SECTOR PROJECTS
Stellar Development sees an opportunity to strengthen its
private sector work through the integration of The CGC Group
Florida LLC. Craig Campbell's
extensive experience in the private sector will enhance Stellar
Development's ability to serve a broader range of clients,
providing new opportunities and reinforcing its commitment to
excellence.
LEADERSHIP AND VISION
The CGC Group Florida LLC, under the leadership of Craig Campbell, has built a reputation for
excellence. Mr. Campbell's extensive experience includes
significant roles in major construction firms, where he managed
operations, marketing, and pre-construction efforts. His transition
to Stellar Development as Project Executive will bring invaluable
insights and leadership to the company.
"We are excited to welcome The CGC Group Florida LLC to the
Stellar Development family. This acquisition represents a strategic
step in our growth strategy, allowing us to expand our service
offerings and market reach," said Maurice
Opstal, President of Stellar Development.
STRATEGIC FIT AND FUTURE GROWTH
Maurice Opstal and Craig Campbell have a longstanding professional
relationship. This acquisition enhances Stellar Development's
service capabilities and brings seasoned leadership committed to
operational excellence and client satisfaction.
COMMITMENT TO CLIENTS AND COMMUNITY
Craig Campbell's decision to
transition to Stellar Development stems from a desire to provide
broader opportunities for clients, subcontractors, and employees
alike. The acquisition ensures the continuation of high-quality
service while leveraging the well-oiled machine of Stellar
Development, which is equipped to handle projects of greater size,
scope and complexity.
"I believe the opportunity created by Stellar acquiring CGC is
going to allow me to provide better resources and services to my
clients and the subcontractors we have worked with for many years.
With the backing of Stellar Development, we can deliver superior
projects from both a cost and management perspective. Being part of
Stellar Development feels like coming home," said Craig Campbell. "Maurice and I have known each
other for over 25 years, and this acquisition allows us to uphold
the high standards of ethics and quality that are essential in the
construction industry."
STELLAR DEVELOPMENT'S ACHIEVEMENTS
Founded in 2008, Stellar Development is a premier General
Contracting Firm headquartered in Sarasota, Florida. The company specializes in
a wide range of construction services and is dedicated to
delivering high-quality projects that meet the diverse needs of its
clients. Under the leadership of Maurice
Opstal, Stellar Development has grown to become a dynamic
and innovative firm known for its client-focused approach and
commitment to excellence.
Stellar Development has been recognized by numerous awards for
its growth, successful projects, and top-tier customer service.
Notably, the company has received the prestigious INC 500 award,
highlighting its rapid growth among the fastest-growing privately
held companies. Additionally, Stellar has been honored by the Tampa
Bay Business Journal as one of the fastest-growing companies in the
area and by the Business Observer as a top contractor and a leading
company on the Gulf Coast.
Media Contact
Sonia Hamilton, Stellar
Development, 1 941-907-9577, sonia@stellargc.com,
www.stellargc.com
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SOURCE Stellar Development