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
Giants 400 | Dec 2, 2020
2020 Airport Sector Giants: Top architecture, engineering, and construction firms in the U.S. airport facilities sector
AECOM, Hensel Phelps, and PGAL top BD+C's rankings of the nation's largest airport sector architecture, engineering, and construction firms, as reported in the 2020 Giants 400 Report.
Giants 400 | Nov 29, 2020
Top 40 Engineering Architecture Firms for 2020
Jacobs, AECOM, and Kimley-Horn top the rankings of the nation's largest engineering architecture (EA) firms for nonresidential buildings and multifamily buildings work, as reported in Building Design+Construction's 2020 Giants 400 Report.
Giants 400 | Nov 29, 2020
Top 155 Architecture Firms for 2020
Gensler, Perkins and Will, and HKS Architects top the rankings of the nation's largest architecture firms for nonresidential and multifamily buildings work, as reported in Building Design+Construction's 2020 Giants 400 Report.
Giants 400 | Nov 29, 2020
Top 100 Architecture Engineering Firms for 2020
Stantec, HDR, and HOK head the rankings of the nation's largest architecture engineering (AE) firms for nonresidential and multifamily buildings work, as reported in Building Design+Construction's 2020 Giants 400 Report.
Government Buildings | Nov 25, 2020
New Indiana Toll Road headquarters creates unified environment for staff
New LEED Gold facility consolidates operations for tollway authority.
Architects | Nov 24, 2020
AEC Leaders share lessons from past downturns
Positions of passivity and cost-cutting run counter to the key lessons from AEC leaders who successfully navigated their firms through past market downturns.
Smart Buildings | Nov 20, 2020
The Weekly show: SPIRE smart building rating system, and pickleball court design tips
The November 19 episode of BD+C's The Weekly is available for viewing on demand.
Transportation & Parking Facilities | Nov 13, 2020
BIG and Kilo-designed Pegasus Pod transports first Hyperloop passengers
The pod achieves Hyperloop travel at speeds over 1000km/hour.
Government Buildings | Nov 13, 2020
Tax shortfalls nip government projects in the bud
Federal contracts are proceeding, but states and cities are delaying, deferring, and looking for private investment.
AEC Tech | Nov 12, 2020
The Weekly show: Nvidia's Omniverse, AI for construction scheduling, COVID-19 signage
BD+C editors speak with experts from ALICE Technologies, Build Group, Hastings Architecture, Nvidia, and Woods Bagot on the November 12 episode of "The Weekly." The episode is available for viewing on demand.
