In the May issue of New Orleans City Business Magazine, U.S. Forensic is featured as one of the top 5 fastest growing companies. The five standouts that were featured in their May 7th print edition experienced the largest percentage increase in revenue over the past three years.
The May 7th City Business Article
Below is the text from the New Orleans City Business article written by Lance Traweek. The article appeared in Volume 41, Number 23 issued on May 7, 2021.
Growth is ‘serendipitous result’ of U.S. Forensic Focus
Engineering firm U.S. Forensic opened in 2006 with four people and has since grown to 83 employees nationwide. Metairie is the main office where all of the legal and accounting services are performed, while inspections of failed buildings and equipment happen all over the U.S. and its territories. The company has had a 55% three-year growth.
Gary Bell, managing partner, attributed this to the addition of considerable resources in many of their existing offices, as well as opening new locations in Toledo, Ohio; Norfolk, Virginia; Buffalo, New York; St. Louis, Missouri; Los Angeles, California.
It’s interesting to see how big it has grown, because our focus has been more on doing high-quality engineering work and providing industry leading customer service rather than achieving any pre-set financial or geographic goals, ‘ Bell said. ‘Our growth has largely been a serendipitous result of that focus and attracting superior people to work with us along with customers who have recognized the value we place on quality. We’ve added new employees to existing locations while also expanding USF’s national footprint through geographic expansion, all the while with our heads down and our attention fixed on getting the work done properly.”
Like many businesses, U.S. Forensic did not know what to expect from the COVID-19 landscape and out of abundance of caution they decided to obtain assistance from the federal Paycheck Protection Program which offers forgivable loans.
However it’s primarily the hard work and integrity of our employees that allowed U.S. Forensic to weather the difficult economic and social challenges posed by the pandemic, which continued to move USF to even more growth,” Bell said.
Looking forward, he said that their industry is consolidating heavily due to private equity attention and vertical integration by insurance-related service companies.
We hope that there will continue to be an opportunity for independent engineering firms that are owned and operated by their employees to compete on the basis of engineering knowledge and abilities rather than marketing dollars or industry connections,’
Bell said, who added that the company has not had any layoffs or furloughs during the pandemic.
Author: Lance Traweek, New Orleans City Business To access the digital version, you may visit New Orleans City Business.