IBI Group explained

IBI Group Inc.
Type:Public
Founder:Neal Irwin
Phil Beinhaker
Location City:55 St. Clair Avenue West, Toronto, Ontario
Location Country:Canada
Area Served:Canada, Caribbean, China, Greece, India, Ireland, Israel, Mexico, UAE, United Kingdom, United States
Key People:Scott Stewart-CEO
David Thom-President
Net Income:CAD $25.25 million (2021)
Num Employees:3,400 (2022)
Homepage:www.ibigroup.com

IBI Group Inc. is a Canadian-based architecture, engineering, planning, and technology firm operating from over 60 offices in 12 countries across the world.[1]

Founded in 1974 in Toronto, Canada, IBI Group has since been ranked as one of the largest architecture or architecture/engineering firms in the world: in 2011 it ranked 4th or 6th (depending on the methodology used);[2] in 2016 it was ranked as the 8th largest architecture firm (with 836 fee-earning architects) by BD Online;[3] and in 2016 its United States operations were ranked by ArchDaily as the 13th largest architecture firm in the USA.[4]

As of 2022, IBI Group has approximately 3,400 employees and more than 60 offices located across six continents.[5] [6] IBI Group's consulting services business is concentrated in three practice areas: Intelligence, Buildings and Infrastructure. By integrating productivity tools, processes and technology innovations developed through IBI's Intelligence practice, the company has been able to drive incremental growth in its traditional Buildings and Infrastructures practices, while generating more efficient results for IBI clients.

On September 27, 2022, it was acquired by Arcadis.[7]

History

The IBI Group was founded in Toronto by nine partners to provide professional planning and design services for urban development and transportation projects.

The firm merged with Robbie/Young + Wright Architects to become Robbie Young + Wright / IBI Group Architects, with noted Toronto architect Rod Robbie as chairman emeritus.[8] In 2004 the firm became a publicly owned entity through the formation of the IBI Income Fund. In 2010 the Fund was converted to a corporation, IBI Group Inc.[9]

The firm's name was derived from the last initials of its two founding principals, Neal Irwin and Phil Beinhaker.[10] The firm has rebranded itself, stating the IBI stands for "Intelligence, Buildings, and Infrastructure."[11]

In September 2022, IBI Group was acquired by Arcadis.[12] [13]

Major acquisitions

Since 2000 the firm has expanded through mergers and acquisitions of consulting firms in multiple locations. Some have been folded into the IBI Group brand and others have maintained a distinct identity. The major acquisitions below are listed in chronological order.

Cummings Cockburn

In 2004, IBI Group acquired the Ontario architecture and consulting firm Cumming Cockburn, as well as its subsidiaries CCL Consultants and Marshall Cumming & Associates.[14]

Vancouver office

The Vancouver office expanded through the 2005 merger of Hancock Bruckner, Eng + Wright; Lawrence Doyle Architects; and Young + Wright Architects.[15]

Grey-Noble & Grey-Noble

In 2005 the Newmarket, Ontario-based architectural firm of Grey-Noble & Grey-Noble was acquired.[16]

Thomas Blurock Architects

In 2006 the Costa Mesa, California-based educational project-focused firm of Thomas Blurock Architects was acquired and incorporated.[17] [18]

Page+Steele

In 2008 the Toronto-based firm of Page+Steele, Architects was acquired and operates as Page+Steele/IBI Group.

Gruzen Samton Architects

In 2009 the New York City based firm of Gruzen Samton Architects, Planners & Interior Designers was acquired. The firm was founded in 1936 and operates as IBI Group.[19] [20]

Group Architects

In 2009 the small Toronto-based firm of Group Architects was acquired. IBI relocated and redistributed its team to a new location and the company and presence dissolved entirely through the following years.

BFGC Architects Planners

In 2009, BFGC Architects Planners, with offices in Bakersfield, San Luis Obispo and San Jose, California, was acquired.

Nightingale Architects

In 2010, Nightingale Architects, with four offices in the United Kingdom, including in London and Cardiff, was acquired for £13.1 million.[21] [22]

Dull Olson Weekes Architects

In 2010, IBI acquired the Portland, Oregon-based firm of Dull Olson Weekes Architects, a regional specialist in the design of educational facilities with offices in Portland and Seattle, Washington. It has received multiple awards for its work, including the CEFPI/A4LE James D. MacConnell Award for excellence in design and planning, in 2009 for the Rosa Parks School and Community Campus at New Columbia,in 2014 for Trillium Creek Primary School, and in 2020 as a finalist for Mary Lyon Elementary School.[23] [24] [25] The firm operates as IBI Group Architects.

Cardinal Hardy Architectes

In 2011, the Quebec-based firm of Cardinal Hardy merged with Beinhaker Architecte (within the IBI Group), and became known as Cardinal Hardy Beinhaker Architecte. Groupe Cardinal Hardy merged into the IBI Group. Three years later, in late 2014, it was sold to Montreal-based architecture group Lemay.[26]

Carol R. Johnson Associates

In 2011 the Boston based landscape architecture firm Carol R. Johnson Associates was acquired.[27]

Bay Architects

In 2011 the Houston, Texas-based firm of Bay Architects was acquired.[28]

Taylor Young

In 2012, Taylor Young, a United Kingdom-based architectural and master-planning practice headquartered in Cheshire and with offices in Liverpool and London, was acquired.[29]

M-E Companies

In 2012, M-E Companies, an Ohio-based engineering firm with offices in Westerville, Cincinnati and Canton was acquired.[30]

Aspyr

IBI acquired the British Columbia-based Aspyr Engineering on September 3, 2019.[31]

Cole Engineering Group

IBI acquired the Cole Engineering Group on December 1, 2020.[32]

Major projects

Major projects, ordered by type, are:[33] [34]

Masterplans

Government

Cultural

Education

Transportation

Office

Leisure

Mixed use

Residential

Healthcare

Products

HotSpot

IBI Group acquired HotSpot in June 2022 for $5.74 million. Founded in 2013, HotSpot allows users to pay for municipal parking from their phones, or pay for and receive real-time updates about bus services, as well as order and pay for taxis.[38]

CurbIQ

CurbIQ is IBI Group's curbside management tool intended to allow municipalities and mobility companies to manage curbside operations by digitizing their regulation.[39] [40] It was created as a result of IBI Group's Curbside Management Strategy created for the City of Toronto for the 2015 Pan American and Parapan American Games.

CurbIQ consists of four modules:[40]

CurbIQ was used to launch a SENATOR pilot project in Dublin, Ireland that aimed to create a new logistics system to improve the city's transportation network in 2022.[41]

Nspace

Nspace is a desk and conference room booking and visitor management application intended to support flexible work arrangements.[42] [43]

Acquisition by Arcadis

IBI Group announced on July 18, 2022, that it has entered into an agreement with the Dutch design, engineering and management consulting company Arcadis to "acquire all issued and outstanding shares" for $19.50 per share, a thirty percent premium on the day's closing price.[44] The approximately $873 million acquisition was finalised in September 2022 after a shareholder vote.[45] [46]

External links

Notes and References

  1. Web site: March 22, 2022 . IBI Group 2020 Annual Information Form .
  2. http://www.bcosportfishing.com/bc-architects-without-borders BC Business, BC Architects Without Borders. January 4, 2011
  3. http://www.bdonline.co.uk/wa100-2016-the-big-list/5079321.article WA100-2016 the big list
  4. http://www.archdaily.com/792574/these-are-the-top-300-architecture-firms-in-the-us These are the Top 300 Architecture Firms in the US, Archdaily, August 2, 2016
  5. Web site: March 22, 2022 . IBI Group March 2022 Corporate Presentation .
  6. Web site: 2022-03-10 . 2021 IBI Group Inc. MD&A + Consolidated Financial Statements . 2022-04-13 . ibigroup.com.
  7. News: Arcadis completes the acquisition of IBI Group, creating a global leader for planning, designing and building the resilient cities of tomorrow. Arcadis. 2022-12-21. en-US.
  8. https://www.nchca.ca/showAd.action?adId=327&category=2,3,4,324&search=&search_letter=I&search_column=name&search_order=name&pageNumber=1&pageSize=20 National Capital Heavy Construction Association
  9. http://www.ibigroup.com/about-us/history/ IBI Group history
  10. http://www.ibigroup.com/2014/07/22/ibi-group-founder-to-be-honored-by-tac/ IBI Group founder to be honored by TAC, IBI Group. July 22, 2014
  11. http://www.yongestclair.ca/interview-ibi-group/ Yonge+St.Clair, IBI Group talks architecture. September 1, 2016
  12. Web site: 2022-07-19 . Arcadis acquires IBI Group . 2022-07-21 . Canadian Consulting Engineer . en-US.
  13. https://web.archive.org/web/20220809115204/https://www.newcivilengineer.com/latest/arcadis-to-acquire-architecture-and-engineering-firm-ibi-group-20-07-2022/?tkn=1 Acadis to acquire architecture and engineering firm IBI Group
  14. https://www.ibigroup.com/wp-content/uploads/2019/01/COMPANY-BACKGROUNDER.pdf IBI Group Company Backgrounder
  15. https://aibc.memberpro.net/main/body.cfm?menu=directory&submenu=directoryBusiness&page_no=1&records_perpage_qy=1&city_nm=&company_nm=IBI&mode=search&searchField=company_nm&search_value=IBI&record_id=1&table_id=607&total_pages=1&total_records=3&more_pages=0&more_records=0 Architectural Institute of British Columbia
  16. https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=23795963 Bloomberg, Company Overview of Grey-Noble & Grey-Noble, Architects
  17. http://pcad.lib.washington.edu/firm/1412/ PCAD - Blurock, Thomas, Architects, Incorporated (Practice)
  18. https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=33332869 Bloomberg snapshot
  19. https://www.bloomberg.com/Research/stocks/private/snapshot.asp?privcapId=4528317 Bloomberg company overview
  20. http://therealdeal.com/new-research/topics/company/gruzen-samton-architects/ The Real Deal, TRD topics
  21. Web site: IBI Nightingale closes Liverpool office . . 29 October 2013 . Place Northwest . March 1, 2023 .
  22. Web site: Canadian outfit snaps up Nightingale Associates . Fulcher . Merlin . 2 June 2010 . Architect's Journal . March 1, 2023 .
  23. http://www.designshare.com/index.php/archives/988 CEFPI MacConnell 2009 winner, DesignShare. October 19, 2009
  24. http://macconnell.a4le.org/2014/index.html A4LE MacConnell Award archives 2014
  25. https://macconnell.a4le.org/2020/index.html#Archives A4LE MacConnell Award archives 2020
  26. News: Bergeron . Maxime . Lemay vise le monde . 9 October 2018 . La Presse. 17 December 2014.
  27. https://www.high-profile.com/crja-announces-strategic-alliance-with-ibi-group/ "CRJA announces strategic alliance with IBI Group", New England Facilities Development News, High Profile. July 15, 2011
  28. https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=82557012 Bloomberg, Company Overview of Bay-IBI Group Architects, Inc.
  29. News: . August 3, 2012 . Canadian IBI Group swoops for Taylor Young . Manchester Evening News . https://web.archive.org/web/20170202003349/http://www.manchestereveningnews.co.uk/business/business-news/canadian-ibi-group-swoops-taylor-1234057 . 2017-02-02 . March 1, 2023.
  30. https://www.bizjournals.com/columbus/news/2012/12/13/m-e-companies-acquired-by-ibi-group-of.html M-E Companies acquired by IBI Group of Canada
  31. Web site: IBI Group Announces Acquisition of Aspyr. 2019-09-03. GlobeNewswire. 2019-11-01.
  32. https://www.ibigroup.com/wp-content/uploads/2020/12/IBI-Group_Cole-Engineering-acquisition_2020-12-01_FINAL.pdf IBI Group Announces Asset Acquisition of Cole Engineering Group Ltd
  33. http://www.ibigroup.com/what-we-do/ IBI Group projects
  34. http://www.ibigrouptexas.com/what-we-do/ IBI Group Texas projects
  35. Web site: Parliament Welcome Centre . . tpsgc-pwgsc.gc.ca . Government of Canada . March 2, 2023 .
  36. Web site: IBI GROUP MANAGEMENT PARTNERSHIP (EP758-122489/001/FE~000) . . buyandsell.gc.ca . Government of Canada . March 2, 2023 .
  37. News: Sifuentes . Edward . September 9, 2016 . Historic hotel to be restored . The San Diego Union Tribune . Oceanside, California . March 2, 2023.
  38. Web site: IBI Group Paid $5.7M for HotSpot . Mullen . Avery . August 10, 2022 . Entrevestor . March 1, 2023 .
  39. Web site: About Us - CurbIQ . CurbIQ.io . March 1, 2023 .
  40. Web site: Arcadis IBI Group Products - CurbIQ . ibigroup.com . IBI Group . March 1, 2023 .
  41. Web site: Efficient use of pavements for a more decarbonised Dublin . . December 21, 2022 . senatorproject.eu . March 2, 2023 .
  42. Web site: Nspace - A flexible planning, scheduling, and management solution for the hybrid office . ibigroup.com . IBI Group . March 2, 2023 .
  43. Web site: Nspace - Defining the workplace of tomorrow . ibigroup.com . Nspace . March 2, 2023 .
  44. Web site: Arcadis and IBI Group Have Entered Into an Agreement on a Recommended, All-Cash Offer of C$19.50 Per Share for Arcadis to Acquire All Issued and Outstanding Shares of IBI Group . July 18, 2022 . ibigroup.com . IBI Group . March 1, 2023 .
  45. Web site: Arcadis acquires IBI Group . September 27, 2022 . arcadis.com . IBI Group . March 1, 2023 .
  46. Web site: IBI Group Inc. Shareholders Vote Overwhelmingly in Favour of the Acquisition by Arcadis . September 16, 2022 . arcadis.com . IBI Group . March 1, 2023 .

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