Vidaris, Inc.
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Vidaris, Inc. - overview
Established
1923
Location
New York, NY, US
Primary Industry
Business Support Services
About
Vidaris, Inc. is a consulting firm specializing in building and construction services, offering expertise in quality assurance, compliance, and risk management for various construction projects. Founded in 1923, Vidaris, Inc. operates as a consulting firm providing services in building and construction.
The company is headquartered in New York, US. In July 2019, Vidaris was acquired by Socotec Gestion - S. A. from Cortec Group, although the financial terms were not disclosed.
Israel Berger and Marc Weissbach currently serve as the CEO of the firm. Vidaris specializes in offering a comprehensive suite of services within the Testing, Inspection, and Certification (TIC) industry, focusing on critical assets in construction and infrastructure sectors. Core offerings include Geotechnical Engineering and Testing, Environmental Consulting, Specialty Engineering, and Project Advisory. These services are designed to ensure compliance with safety standards and enhance building integrity, serving clients such as construction firms, government agencies, and private corporations across North America, Europe, and the Middle East.
Vidaris generates revenue through a B2B model, focusing on partnerships and direct contracts with clients in the construction and infrastructure sectors. The pricing structures are characterized by service-based fees tailored to each project's specific needs. Revenue is recognized upon the completion of specific milestones or deliverables associated with each project, with significant contributions from Environmental Consulting and Specialty Engineering services. Following its acquisition in July 2019, Vidaris plans to leverage new resources to enhance its service offerings and expand its market reach.
The company is designing new services aimed at improving quality assurance protocols in construction, with expected launches in the next two years. Additionally, Vidaris targets expansion into the European and Middle Eastern markets by 2024, utilizing resources from the recent acquisition to support these initiatives.
Current Investors
Cobepa, Holding Socotec - S.A.S., Edmond de Rothschild Asset Management
Primary Industry
Business Support Services
Sub Industries
Consulting Services
Website
www.vidaris.com
Company Stage
Add-on
Total Amount Raised
Subscriber access only
Vidaris, Inc. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | Veritas Advisory Group, Inc. | - | ||||||||
| Add-on | Completed | Flatiron Consulting Group, Inc. | - | ||||||||
| Add-on, Trade Sale | Completed | Vidaris, Inc. | - | ||||||||
| Add-on | Completed | C2G International, LLC | - | ||||||||
| Add-on | Completed | CBI Consulting LLC | - |
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