- IBI Group (IBG) has completed the purchase of Florida-based architectural firm, RLC Architects
- RLC complements IBI’s existing industrial engineering and architectural business, expands its U.S. market presence and contributes to the firm’s long-term growth strategy
- The acquisition supports IBI Group’s focus on growing its urban environment and infrastructure design presence in the U.S.
- IBI Group is a Canada-based engineering services provider
- IBI Group Inc. (IBG) opened treading at C$13.90 per share
IBI Group (IBG) has completed the purchase of Florida-based architectural firm, RLC Architects.
RLC complements IBI’s existing industrial engineering and architectural business, expands its U.S. market presence and contributes to the firm’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” across South Florida.
“Integrating the RLC team’s expertise and focus on industrial distribution centres — a key element of efficient supply chains — adds a unique skillset to IBI, which enhances our industrial engineering and architectural practice and expands our U.S. reach. The acquisition supports our growth strategy and contributes to revenue, backlog and ongoing margin improvement,” said IBI Group CEO, Scott Stewart.
“The team at IBI is very pleased to welcome RLC and look forward to a successful integration that will enable us to efficiently grow to other regions.”
“The RLC team is very excited to become part of IBI Group,” said RLC President, Bruce W. Retzsch. “RLC’s 32-year legacy of design excellence and client service is continuously expanding. Combining our skill sets will enable the firm to realize synergies across a broad range of services, while IBI’s technology-driven design approach will enable us to deliver higher levels of service for our clients. We see many opportunities to leverage our respective strengths, expand our service offerings and continue driving long-term growth.”
The acquisition supports IBI Group’s focus on growing its urban environment and infrastructure design presence in the U.S.
IBI Group is a Canada-based engineering services provider.
IBI Group Inc. (IBG) opened treading at C$13.90 per share.
