JFB Construction Wins $18.8M Florida High School Contract

LANTANA, Fla. – JFB Construction Holdings (NASDAQ:JFB) has secured a major milestone in its educational construction portfolio, announcing it has been awarded an $18.8 million contract to serve as general contractor for Phase 1 of a new public high school construction project in DeSoto County, Florida.

The deal marks the beginning of a three-phase development totaling $100 million, signaling long-term revenue potential for the company. The first phase will expand the existing campus by 100,000 square feet across 40 acres, enabling the district to accommodate an additional 1,379 students as enrollment continues to rise in southwest Florida.

Construction is scheduled to begin in mid-October 2025 and wrap up by January 2026, with Phase 2—valued at over $30 million—expected to launch in June 2026.

JFB announced it will collaborate with Building Tomorrow’s Schools, a seasoned developer credited with coordinating the construction of more than 40 schools across Florida, reinforcing the project’s credibility and delivery potential.

"This project is one of the most important contract wins for our company and the educational contracting segment of JFB," said Joseph F. Basile III, CEO of JFB Construction Holdings, in an official statement.

The company highlighted its strong financial position, noting that over $34 million in working capital helped secure the deal by improving bonding capacity for large-scale contracts. According to InvestingPro data, JFB maintains more cash than debt and boasts a current ratio of 4.96, signaling high liquidity and operational stability.

The contract award comes amid a breakout year for JFB stock, which has delivered a 345% return year-to-date and is currently trading near its 52-week high of $16.57, with a market capitalization of $148 million.

With annual revenue currently at $24.63 million, this project is expected to significantly impact Q4 2025 performance, positioning the company for accelerated growth.

Beyond construction, JFB has also been making financial and leadership moves:

• The firm recently announced a $43.9 million PIPE financing round from American Ventures LLC, Series XIV JFB.
• $12 million of that capital will retire Class B Common Stock held by CEO Basile.
• The remaining funds will support general corporate operations and expansion initiatives.
• JFB has also appointed Bill Dyer as Chief Operating Officer, effective September 22, 2025. Dyer brings over 30 years of development and construction leadership, with prior roles at Pace Properties, Inc. and Phoenix Realty Advisors, Inc.

With major school infrastructure funding surging across the U.S. and districts increasingly relying on public-private partnerships for facility expansion, JFB appears well-positioned to compete for additional contract wins.

Originally reported by Investing. Com.