GATES is proud to announce FG Capital, a private equity firm, as a new investor and growth partner for the construction firm. The principal behind FG Capital is an entrepreneur and the American founder of VEON, the 7th largest mobile telecom company in the world (more subscribers than AT&T & Verizon). VEON was started with 13 employees and at its peak grew into a global company with more than 60,000 employees and a market cap of $45 billion on the NYSE.
Todd Gates, founder of GATES stated “As companies grow in a thoughtful manner, it is critical to have the necessary resources to be successful. Along with a quality reputation, impressive resume, seasoned professionals, strong leadership, dedication and passion, is the need for quality financial capabilities and capacity. We are truly blessed to have Mr. Fabela as an investor, mentor and most of all our friend.”
John Hayes, President and CEO stated “From an operational perceptive Mr. Fabela’s involvement and leadership provides a tremendous amount of support which will help equip our entire team with the highest quality, state of the art infrastructure in order to excel at the highest level. On behalf of every individual on our team, we are thrilled about the future.”
Augie K Fabela II, the principal behind FG Capital, said “The GATES team is world class. Their future potential is great and I am excited to support their scaling.”
Celebrating 25 years, GATES provides construction management, general contracting and design-build services. Their diverse portfolio of commercial, healthcare, multi-family, club and hospitality, institutional and special projects showcases numerous landmarks successfully constructed over the past quarter of a century. As Florida’s premier builder, GATES serves its clients from offices in Naples, Sarasota and Palm Beach, and operates throughout the Southeast United States and Latin America. For more information on GATES, please call (239) 593-3777 or visit the website at www.GATESinc.com.