Gibbs Construction Announces Ownership Transition
Lauren Gibbs Assumes Ownership Of 43-Year Old Family Held Construction Company
NEW ORLEANS – Gibbs Construction has announced that company Vice President Lauren Gibbs has assumed ownership of the 43-year-old New Orleans-area commercial general contracting and design-build company, taking the reins from her father, founder Lawrence “Larry” Gibbs. Details were shared in a press release.
Ms. Gibbs has been employed by the company since 2011, and in the role of Vice President since 2017. She will now serve as CEO of Gibbs, based in Harahan, Louisiana.
“Today is an historic day for our company,” said Larry Gibbs. “Lauren represents a new generation of talent, energy and innovation that will propel the company forward and sustain Gibbs Construction as a contractor of choice for demanding clients throughout the region. I am incredibly proud to be leaving this company in such capable and deserving hands.”
In announcing her transition to company owner and CEO, Ms. Gibbs stressed her commitment to honoring her father’s legacy of leadership. “Larry created a culture that has made our company a widely recognized and respected leader in the regional construction industry. Our task now is to put the skills and experiences of four decades to work toward the next four decades, and to ensure our employees continue to have their own opportunities for sustainability and growth. I look forward to the challenge at hand and to sharing our future success with our people, their families and our clients.”
Ms. Gibbs graduated from Vanderbilt University with a bachelor’s degree in civil engineering, as well as a master’s in engineering/construction management. She received an MBA from the University of New Orleans in 2014.
Since its founding on July 4, 1976, Gibbs Construction has built quality construction projects bringing lasting value to clients in fields as diverse as healthcare, education, multi-family, hospitality and institutional. Flagship New Orleans projects include the post-Hurricane Katrina re-skinning of the Mercedes-Benz Superdome, the high-rise apartment tower 930 Poydras, the Civic Theatre, and the newly completed Kalorama Condominiums on Magazine Street in the Central Business District. The company is also the local general contractor partner in the Hunt Gibbs Boh Metro joint venture that is the construction manager on the soon-to-be-completed new North Terminal of the Louis Armstrong New Orleans International Airport.