S/L/A/M Collaborative, the national architectural firm based in Glastonbury, Conn., on March 6 completed its acquisition of five Heery architectural design practices from CBRE. The terms of the purchase were not disclosed.
The practices—focused on healthcare, sports facilities, and justice—are now known as Heery Design, a SLAM Studio. CBRE had owned Heery International, a project management and design engineering firm based in Atlanta, since October 2017 when it acquired the business for $57 million from Balfour Beatty. After the deal with S/L/A/M, CBRE retains full ownership of Heery’s interior design and engineering businesses that are integral to its project management services.
About 70 of Heery’s employees are coming over in this deal, joining 210 S/L/A/M professionals. Heery’s healthcare practice is located in Denver, Iowa City, Iowa, and Philadelphia. Its justice practice is in Orlando, Fla. And its sports design practice is in Atlanta. Heery Design offices associated with these practices are also part of this acquisition, along with the firm’s architectural book of business.
“The professionals joining S/L/A/M in this transaction are returning to a traditional design firm that values creativity, and is passionate about design,” said Richard T. Connell, FAIA, S/L/A/M’s chairman, in a prepared statement. Those professionals include Heery Design’s managing directors Russ Sedmak, Mike Holleman, and Douglas Kleppin, AIA, LEED AP.
S/L/A/M’s design portfolio includes healthcare, education, corporate and sports facilities. The firm provides integrated landscape architecture, structural engineering, interior design and construction services, with offices in Connecticut, New York, Atlanta, Boston, and Los Angeles.
A source knowledgeable about this deal, who spoke on background, said that a third party representing CBRE had approached a handful of firms, including S/L/A/M, at the beginning of 2018 about their interest in acquiring parts of Heery. This source said that CBRE was primarily interested in finding a buyer willing to acquire all five of the practices it wanted to shed.
This source adds that what CBRE is holding onto from its Heery purchase is a “much larger” piece than what it is selling to S/L/A/M.
Related Stories
Building Enclosure Systems | Mar 13, 2013
5 novel architectural applications for metal mesh screen systems
From folding façades to colorful LED displays, these fantastical projects show off the architectural possibilities of wire mesh and perforated metal panel technology.
| Mar 12, 2013
NYC reinvents the pay phone
New York's Reinvent Payphones competition attracts entries that transform the concept of public urban communication.
| Mar 12, 2013
'World's greenest' office building seeks tenants in Seattle
Superefficient Seattle office building is designed to meet the ambitious goals of the Living Building Challenge.
| Mar 6, 2013
Dual towers designed by SHoP create new affordable housing in NYC
With the construction of Hunters Point South, New York City will get its first large new housing development for middle-class families in more than 30 years. Related Companies is partnering with the nonprofit Phipps Houses in the project, designed by SHoP Architects with Ismael Leyva Architects.
| Mar 6, 2013
Robert Ivy, Jerry Yudelson announced as keynoters for BUILDINGChicago
Robert Ivy, FAIA, CEO of the American Institute of Architects, will be the keynote speaker at BUILDINGChicago on Tuesday, September 10, 2013. Jerry Yudelson, PE, LEED Fellow, the author of 13 books on sustainable design, will deliver the Wednesday, September 11, keynote address.
| Mar 6, 2013
German demonstration building features algae-powered façade
Exterior of carbon-neutral demonstration building consists of hollow glass panels containing micro-algae "farms."
| Mar 5, 2013
Recycled recreation: Waste-to-energy plant combines with ski resort
A new project near Copenhagen pushes the boundaries of the term "mixed use," combining a waste-to-energy plant with a ski resort.
| Mar 5, 2013
Barbara Mullenex joins Washington, D.C., office of Perkins Eastman as principal
The Board of Directors of top international design and architecture firm Perkins Eastman is pleased to announce that Barbara Mullenex RA has joined the growing Washington, DC, office as a Principal. Mullenex joins with a distinguished career of more than 26 years of industry experience in architecture and interior design focused on hospitality and corporate interiors.
| Mar 4, 2013
Dewberry names James Draheim president of architectural practice
Dewberry, a privately held professional services firm, has recently hired James Draheim, AIA, LEED AP BD+C, as president of the firm’s 175-person nationwide architectural practice. Draheim will be responsible for all facets of the firm’s business development, operations, strategic planning, and growth.