IBI Group Announces Acquisition of Florida-Based Architectural Design Firm, RLC Architects
– RLC’s expertise in the supply chain, logistics and real estate sectors strengthens IBI’s industrial engineering and mixed-use architecture services offering while strengthening its presence in the United States –
TORONTO, April 04, 2022 (GLOBE NEWSWIRE) — Global design and technology company, IBI Group Inc. (TSX: IBG) (“IBI” or the “Company”), today announced that it has completed the purchase of the Florida-based architectural firm, RLC Architects (“RLC”) (the “Acquisition”). RLC’s diverse team of 25 professionals will bring significant experience in the industrial, residential, commercial, education and interior design sectors.
RLC complements IBI’s existing industrial engineering and architecture businesses, expands its presence in the US market and contributes to the company’s long-term growth strategy. The acquisition demonstrates IBI’s commitment to prudent and accretive growth while supporting an ongoing commitment to sustainability, given RLC’s leadership in “green design” in South Florida.
“The integration of the RLC team’s expertise and focus on industrial distribution centers – a key element of efficient supply chains – adds a unique skill set to IBI, which enhances our practice of industrial engineering and architecture and expanding our reach in the United States. The acquisition supports our growth strategy and contributes to continued improvement in revenue, backlog and margin,” said IBI Group CEO, Scott Stewart. “The IBI team is very pleased to welcome RLC and looks forward to a successful integration that will allow us to expand effectively into other regions.”
Founded in 1990, RLC specializes in the planning and design of award-winning buildings and communities in South Florida. Their work has received numerous awards from industry associations, including the American Institute of Architects’ 2019 AIA Palm Beach Merit Award in Design Excellence for their design of the Boca Ice and Fine Arts Center and community for use. mixed Briny. Seven of RLC’s recently completed projects have achieved LEED certification and more than fifty percent of its professional staff have their LEED credentials. RLC’s focus on sustainable design and customer-centric solutions will combine with IBI’s focus on improving urban livability and taking action against climate change.
“The RLC team is very excited to be part of the IBI Group,” said RLC President Bruce W. Retzsch. “RLC’s 32-year legacy of design and customer service excellence continues to grow. The combination of our skills will allow the company to realize synergies across a wide range of services, while IBI’s technology-driven design approach will enable us to deliver higher levels of service to our customers. We see many opportunities to leverage our respective strengths, expand our service offerings and continue to drive long-term growth. »
“Adding RLC’s expertise to IBI’s existing architectural and engineering services is an exciting complement to IBI’s current work and provides a great opportunity to deepen and broaden our client relationships. of South Florida and the Southeastern United States,” said IBI Group Director, USA, Todd Hoisington.
The acquisition builds on IBI Group’s strategic focus on growing its presence in urban environment and infrastructure design in the United States.
For more information and/or to get in touch with IBI Group, please contact David Bosworth at [email protected] or 1-416-846-3540.
Caution Regarding Forward-Looking Information
Certain statements contained in this press release may constitute “forward-looking” statements involving known and unknown risks, uncertainties and other factors that could cause the actual results, performance or achievements of the Company and its subsidiaries, including IBI Group Partnership or industry. in which they operate, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. When used in this press release, these statements use words such as “may”, “will”, “expect”, “believe”, “plan” and other similar terms. These statements reflect management’s current expectations regarding future events and operating performance and speak only as of the date of this press release. These forward-looking statements involve a number of risks and uncertainties.
These risk factors are described in detail under the heading “Risk Factors” in the Company’s Annual Information Form for the year ended December 31, 2021. New risk factors may arise from time to time and it is not possible for the management of the Company to foresee all such risk factors or the extent to which any one factor or combination of factors could cause the actual results, performance or achievements of the Company to differ materially from those contained in the statements prospective. Given these risks and uncertainties, investors should not place undue reliance on forward-looking statements to predict actual results. Although the forward-looking statements contained in this press release are based on what management believes to be reasonable assumptions, the Company cannot assure investors that actual results will be consistent with these forward-looking statements. These forward-looking statements are made as of December 31, 2021. The Company updates these assumptions each reporting period and adjusts its forward-looking information as necessary.
About IBI Group
IBI Group Inc. (TSX: IBG) is a technology-focused design firm with global expertise in architecture, engineering, planning and technology spanning more than 60 offices and 3,400 professionals worldwide. For nearly 50 years, its dedicated professionals have helped clients create livable, sustainable and advanced urban environments. IBI Group believes cities thrive when designed with smart systems, sustainable buildings, efficient infrastructure and a human touch. Follow IBI Group on LinkedIn and Twitter.
BullsEye Communications Inc.
IBI Group Inc.
55 St. Clair Avenue West
Toronto, Ontario M4V 2Y7