Page and EYP announced that they have successfully closed a transaction that integrates the two design firms. Guided by similar values and culture, they will expand their services and geographic reach, working seamlessly across offices and disciplines. Together as one firm they will combine exceptional design rooted in architectural, engineering and consulting capabilities to make lives better.
“Bringing together our two firms allows us to work on increasingly complex projects that benefit from our expertise across disciplines and market sectors,” stated Thomas McCarthy, Page Chief Executive Officer. “Together, we’re bringing the most compelling, innovative designs and expertise to each project we pursue regardless of scope or location, and we’ll be able to invest in research and thought leadership to co-create with our clients.”
With a diverse, international portfolio—encompassing the academic; aviation; civic, community and culture; corporate and commercial; government; healthcare; housing and hospitality; industrial; life sciences; and science and technology sectors—the integrated firm of designers, architects and engineers will deliver high-performance designs that help clients measure, reduce, and offset carbon emissions. In addition, the firm will continue to promote equity and wellness with teams versed in practices like universal design, Design for Freedom, Well, Fitwel, and other strategies contributing to diversity and inclusion.
“Page and EYP both create designs that enhance people’s lives and communities,” stated Kef Mason, who served as interim chief executive officer at EYP, and has agreed to stay on with Page. “Combining our expertise is a winning formula for our clients and our employees. It offers us the ability to provide growth, mentorship, and training for our employees that translates to cutting-edge design in our projects. This agreement supports the natural growth trajectories and strategic vision for both firms by unifying our efforts to benefit our clients and staff.”
A spokesperson for Page says that EYP will operate as Page, but that the company is also exploring branding options that capitalize on the strengths of both firms.
In an unanimous decision by Page’s Board, Page submitted a successful bid for EYP’s assets on June 22. The combined firm will have more than 1,300 employees across the U.S., Latin America, and the Middle East.
BOTH FIRMS STRONG IN HEALTHCARE SECTOR
In April, EYP, with $149 million in liabilities, sought Chapter 11 bankruptcy protection from its creditors. The Albany, N.Y.-based firm reportedly had a $67.7 million “stalking horse” bid for its assets from the private equity firm Ault Alliance, according to Reuters and the Albany Times Union.
Last year, EYP, which was founded in 1972, generated $126.5 million in revenue, nearly $67 million of which came from healthcare design projects according to information provided by EYP for BD+C's annual GIANTS ranking. In 2021, EYP launched a sustainable landscape design practice, and opened an office in Orlando, Fla., its 11th.
Page, based in Houston, generated a total of $226.9 million in revenue in 2021, with $61.2 million coming from hospital design projects, and another $42.2 million from core-and-shell office building design. Over the past five years, Page has been working toward a goal of “Page/One,” with systems, processes, and procedures that allow the firm to deliver integrated designs that leverage firmwide capabilities. (Nearly $80 million of Page's revenue last year came from engineering services it provided.)
[Editor's note: Information about EYP's bankruptcy filing and the two firms' revenues was added after this story was posted.]
Related Stories
| Apr 3, 2012
SSOE acquires MEP Firm CRS Engineering & Design Consultants
The acquisition will expand SSOE’s Southeastern U.S. presence, broaden CRS’s reach to international markets, and provide both firms’ clients access to enhanced services and resources.
| Apr 3, 2012
Suffolk completes phase one of Baystate Medical Center expansion
Construction management firm awarded emergency department project for successful build of $296 million MassMutual Wing and Davis Family Heart and Vascular Center.
| Apr 3, 2012
Meyer receives RCMA's Martin A. Davis Industry Leadership Award
The Martin A. Davis Industry Leadership Award is presented annually to an individual, selected by his or her peers, who has exemplified outstanding service and made significant contributions to the roof coatings industry.
| Apr 3, 2012
Johns Manville publishes 2011 Sustainability Report
Report covers JM’s long-time sustainability focus and progress towards goals.
| Apr 3, 2012
Educational facilities see long-term benefits of fiber cement cladding
Illumination Series panels made for a trouble-free, quick installation at a cost-effective price. The design for Red Hawk Elementary School stems from the desire to create a vibrant place for kids to learn. In an effort to achieve this design, RB+B Architects selected Nichiha USA to provide a durable yet modern, contemporary exterior finish.
| Apr 2, 2012
TGP launches new fire-rated glazing website
Website offers online continuing education courses registered with the American Institute of Architects (AIA), BIM 3D models, and rapid-response quoting, among other support tools.
| Apr 2, 2012
Gilbane honored for sustainability efforts in Indianapolis
Emmitt J. Bean Federal Center project team for their role in advancing sustainability in the city.
| Apr 2, 2012
Mitsubishi unveils ultra-high-speed elevator for Shanghai skyscraper
The operation of the elevator is scheduled to begin in 2014.
| Apr 2, 2012
Sachse Construction helps complete Salt Lake City’s City Creek Center
Sachse was hired to complete store build-outs at City Creek Center.
| Apr 2, 2012
Culver joins Sasaki as managing director
Culver will work closely with Sasaki firm leaders on issues of strategy, marketing, and business development.