Architectural firm
April 01, 2021
by a searcher from University of North Texas in Dallas, TX, USA
Hi Guys;
i was looking to buy an architectural firm to lower our basis for our construction projects we are currently have in our pipeline. A broker sent me a deal for a very large overseas firm looking to expand in North Americas and wants a piece of the construction market in the US. I think our pipeline of projects could help them with a track record issue for completed projects and also to attract other developers/clients. What is a best way to partner with them without all the startup costs / local operation launch.
Thanks
from Texas A&M University in Johnson City, TN, USA
The US construction companies (during quoting) hated the EU drawings (metric). There was a general lack of knowledge of local (US and State) requirements by EU architect.
We switched over to a US architect (here in East TN, happy to provide recommendation to anyone interested, send me DM) and everything was so much easier, and they added local value.
Project got put on hold last year (COVID), but up until then, the switch to a US architect was something I considered a deal saver. They new the right contractor to use for price, and new all local issues we were dealing with.
In the spirit of this site, have you considered them your co-investor for acquiring a US based architecture firm together?
If SBA is in your plans, you might it easier to do such a deal yourself than the larger overseas based company would! This is value you can bring to them.
Hope this helps!
from Stevens Institute of Technology in New York Metropolitan Area, USA