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
| Feb 26, 2012
Milwaukee U-Haul facility receives LEED-CI Silver
The new elements of the facility now include: efficient lighting with day-lighting controls and occupancy sensors, a high-efficiency HVAC system used in conjunction with a newly constructed thermal envelope to help reduce energy consumption, and the installation of low-flow fixtures to reduce water consumption.
| Feb 26, 2012
Hollister Construction awarded 42,000-sf office fit-out in Holtsville, N.Y.
Space leased by U.S. General Service Administration.
| Feb 26, 2012
Alvarez-Glasman & Colvin’s Chen LEED certified
Chen works closely with property owners to ensure that their properties meet and exceed all industry standards, and also provide long-term energy savings.
| Feb 24, 2012
ABI remains positive for three straight months
The AIA reported the January ABI score was 50.9, following a mark of 51.0 in December.
| Feb 24, 2012
Larry Lord joins HDR Architecture as south region science and technology director
A founding partner at Lord, Aeck & Sargent, Lord is nationally renowned for his leadership in architecture for complex projects.
| Feb 24, 2012
Pottorff elevated to principal at Ricci Greene Associates
Pottorff is recognized in the justice field as an expert solely dedicated to the design and planning of courts and urban jails in both the U.S. and Canada.
| Feb 24, 2012
Skanska hires Tingle as senior VP and national director for its Sports Center of Excellence
Tingle has worked in the architecture and construction industries for more than 30 years, and for the last 23 years, he has focused primarily on large-scale sports construction projects
| Feb 23, 2012
Federal budget cuts put major building projects on hold
A plan to build the National Bio and Agro-Defense Facility in Kansas is among several major building projects in jeopardy after the Obama administration’s 2013 budget was unveiled. The budget would cut all construction spending for the facility.
| Feb 23, 2012
Regulators investigating construction accident at World Trade Center
The New York Port Authority and the city’s fire and building departments are investigating an accident at the World Trade Center construction site in lower Manhattan after a crane dropped steel beams that fell about 40 stories onto the truck that delivered them.