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
Construction Costs | Oct 16, 2024
Construction Crane Index: Most major markets’ crane counts increase or hold steady in third quarter
Rider Levett Bucknall’s (RLB’s) latest Crane Index and Quarterly Cost Report shows continued decreasing cost inflation and crane counts increasing or holding steady in 10 of the 14 major markets it surveyed. The national average increase in construction costs was 1.07%, the lowest it’s been in the last three years.
AEC Tech | Oct 16, 2024
How AI can augment the design visualization process
Blog author Tim Beecken, AIA, uses the design of an airport as a case-study for AI’s potential in design visualizations.
University Buildings | Oct 15, 2024
Recreation and wellness are bedfellows in new campus student centers
Student demands for amenities and services that address their emotional and mental wellbeing are impacting new development on college campuses that has led to recreation centers with wellness portfolios.
Higher Education | Oct 14, 2024
Higher education design for the first-gen college student
In this Design Collaborative blog, Yogen Solanki, Assoc. AIA, shares how architecture and design can help higher education institutions address some of the challenges faced by first-generation students.
Performing Arts Centers | Oct 10, 2024
Studio Gang's performing arts center for Hudson Valley Shakespeare breaks ground
A new permanent home for Hudson Valley Shakespeare, a professional non-profit theater company, recently broke ground in Garrison, N.Y. The Samuel H. Scripps Theater Center includes a 14,850 sf performance venue that will serve as a permanent home for the theater company known for its sweeping open-air productions of classics and new works.
Sustainable Design and Construction | Oct 10, 2024
Northglenn, a Denver suburb, opens a net zero, all-electric city hall with a mass timber structure
Northglenn, Colo., a Denver suburb, has opened the new Northglenn City Hall—a net zero, fully electric building with a mass timber structure. The 32,600-sf, $33.7 million building houses 60 city staffers. Designed by Anderson Mason Dale Architects, Northglenn City Hall is set to become the first municipal building in Colorado, and one of the first in the country, to achieve the Core certification: a green building rating system overseen by the International Living Future Institute.
3D Printing | Oct 9, 2024
3D-printed construction milestones take shape in Tennessee and Texas
Two notable 3D-printed projects mark milestones in the new construction technique of “printing” structures with specialized concrete. In Athens, Tennessee, Walmart hired Alquist 3D to build a 20-foot-high store expansion, one of the largest freestanding 3D-printed commercial concrete structures in the U.S. In Marfa, Texas, the world’s first 3D-printed hotel is under construction at an existing hotel and campground site.
University Buildings | Oct 9, 2024
Des Moines University Medicine and Health Sciences opens a new 88-acre campus
Des Moines University Medicine and Health Sciences has opened a new campus spanning 88 acres, over three times larger than its previous location. Designed by RDG Planning & Design and built by Turner Construction, the $260 million campus features technology-rich, flexible educational spaces that promote innovative teaching methods, expand research activity, and enhance clinical services. The campus includes four buildings connected with elevated pathways and totaling 382,000 sf.
Student Housing | Oct 9, 2024
University of Maryland begins work on $148 million graduate student housing development
The University of Maryland, in partnership with Campus Apartments and Mosaic Development Partners, has broken ground on a $148.75 million graduate student housing project on the university’s flagship College Park campus. The project will add 741 beds in 465 fully furnished apartments.
Healthcare Facilities | Oct 9, 2024
How healthcare operations inform design
Amanda Fisher, Communications Specialist, shares how BWBR's personalized approach and specialized experience can make a meaningful impact to healthcare facilities.
