LSI Companies Announces Leadership Transition
Following a five-year succession plan and an undisclosed buyout, LSI Companies announces the transition of ownership and management from founder Randy Thibaut to his son, Justin Thibaut. LSI Companies is the parent company of the Land Solutions, Development Solutions and LSI Commercial divisions.
“Over the past several years, Justin has led the rebranding and expansion of the business, clearly demonstrating his expertise and leadership capabilities,” said Randy Thibaut, Founder and Broker, LSI Companies. “In addition to growing our regional footprint and services, Justin brings new technologies and operational improvements to the table. This transition has been very organic and I’m very proud of Justin and the successful succession plan we’ve been through together. Not only has this helped us position the business for long-term success, but we have hired succession planning industry professionals to help ensure our father-son relationship continues to thrive as well.
Justin Thibaut, who assumed the position of President and Chief Executive Officer effective January 3, 2022, previously served as Director of Sales and then Chief Operating Officer for LSI Companies overseeing the day-to-day operations of the three subsidiaries before to be named President and Partner in 2020. He graduated from the University of Florida with a bachelor’s degree in construction management and joined the team after a successful career in the nuclear power and fuel industries. petroleum, where he held positions in project engineering, construction and commercial management of major capital projects ranging in value from $500 million to $1 billion. Specialized in real estate analysis and the acquisition/disposal of commercial real estate, Justin Thibaut is also versed in all stages of land development and vertical construction. Additionally, he has experience in complex transactions, including 1031 exchanges, income-generating investment sales, and home developer/builder developed lot programs. Since joining the firm in 2016, he has negotiated over $250 million in real estate transactions. Justin Thibaut is also president of The Lee BIA Builders Care organization, board member of the Lee Building Industry Association, CCIM Southwest Florida Chapter and secretary of the Real Estate Investment Society.
Founder Randy Thibaut will continue to serve as a broker for LSI companies and will be actively involved in building the first planned Sage Community, an active adult rental community being built in North Fort Myers. He has been actively involved in the creation, development, sale and marketing of residential and resort developments in Southwest Florida since 1982, and has personally negotiated over $2 billion in real estate transactions. Randy Thibaut is co-founder of the non-profit organization Lee BIA Builders Care and sits on the board of the Lee Building Industry Association. Randy and Justin will continue to present the annual Market Trends real estate conference, alongside residential real estate expert Denny Grimes.
“As I assume ownership, I am grateful that Randy continues his passion for real estate as a broker, active real estate investor and developer of Sage Communities seniors apartment projects,” said Justin Thibaut, President and CEO, LSI. Companies. “Most importantly, I am grateful that he continues to serve as a mentor as I lead LSI businesses forward and build on the successful business he founded over 20 years ago. “
Dr. Denise Federer, principal owner of Federer Performance Management Group LLC (FPMG), works closely with family businesses and has supported the Thibauts through their succession planning process.
“They were both very committed to the vision of a successful company transition and the hard work that it takes,” Federer said. “In addition to finance and operations, there is an emotional and behavioral commitment to the succession process. For Randy, it was about letting go knowing that Justin was ready and very capable. They had to shape their vision for the future of LSI and their own roles within the company and as a family. Although they are very different people, they make a great team and bring out the best in each other.
LSI Companies is active in many causes and community organizations, including Lee BIA Builders Care and Lee Building Industry Association.
About LSI Companies
LSI Companies is a full-service real estate company overseeing Land Solutions, Development Solutions and LSI Commercial. The LSI Companies team specializes in all aspects of real estate development and brokerage, including due diligence, permits and compliance, asset management, investor relations, market research, legal services, rights, zoning, document preparation, marketing and more. LSI Companies is located at 6810 International Center Blvd. in Fort Myers. For more information, please call 239-489-4066 or visit www.LSIcompanies.com.
This article originally appeared on Naples Daily News: LSI Companies Announces Leadership Transition