Hennick & Company and RATIO Design Complete Strategic Partnership
February 23 2021 - 7:30AM
Hennick & Company, Inc. (“HennickCo”) announced today that it
has completed a strategic partnership with RATIO Design (“RATIO”),
one of the largest architecture and design firms in the U.S.
RATIO is an award-winning international design
firm offering architecture, interior design, landscape
architecture, urban design and preservation services. Founded in
1982, RATIO has design studios in Indianapolis, Chicago, Raleigh,
Denver and Champaign, focusing primarily on workplace, K12, higher
education, community, hospitality, residential and mixed-use
design. To date, RATIO has completed projects in 41 states and 15
countries worldwide, designing for well-respected schools and
universities, developers, multi-national corporations,
institutional owners of real estate, and various federal and state
governmental agencies. In 2020, RATIO was ranked as the 41st
largest architecture firm in the U.S. by Building Design +
Construction’s “Giants 400 Report.”
As part of the transaction, HennickCo acquired a
significant interest in RATIO and, in accordance with its unique
partnership philosophy, the firm’s senior management team will
retain a significant equity stake and remain long-term partners.
RATIO’s Founding Principal William Browne, Jr. will continue to
lead the firm’s operations as President and remains its largest
individual shareholder.
“We couldn’t feel more excited in this
moment—for our people, our design work, and this partnership
decision,” said William Browne, Jr., President of RATIO.
“HennickCo’s infusion of capital and resources, business
relationships and operational expertise will help to catapult RATIO
to the next level, sustaining our design impact for many years to
come.”
All members of RATIO’s senior management team
will remain with the firm and will continue to operate the
day-to-day operations, thereby providing long-term stability for
the firm’s key talent, clients, and stakeholders. HennickCo and
RATIO also established a ‘perpetual partnership model’ to allow for
the next generation of the firm’s leaders to become equity partners
over time and to ensure the partnership retains the most talented
professionals. RATIO will remain headquartered in Indianapolis, IN
and will continue to operate under its current brand name and in
its current studios.
Bradley Hennick, Managing Director of HennickCo,
said, “RATIO is a nationally recognized leader in architecture and
design services in some of the fastest-growing and most dynamic
markets in the United States. Our investment in RATIO will allow
the firm to accelerate its impressive organic growth while
providing additional capital and expertise to pursue targeted
mergers with other design-oriented firms in contiguous
markets.”
Financial terms of the transaction were not
disclosed.
ABOUT RATIO
RATIO Design is an international design firm,
with studios in Indianapolis, Chicago, Raleigh, Denver and
Champaign, IL. Clients trust RATIO to reimagine places of business,
living, education, and community. The growing firm designs with
creativity and empathy, collaborating across disciplines to
inspire, sustain and enhance communities. Good design is inclusive,
contextual, and timeless. As such, RATIO designs for impact. To
learn more about RATIO’s award-winning work, visit
www.ratiodesign.com.
ABOUT HENNICK & COMPANY
Hennick & Company is a private firm that
invests in growth-oriented businesses and high-quality real estate
for the long-term. Established by the Hennick family, which founded
and owns a significant interest in Colliers International
(NASDAQ:CIGI, TSX:CIGI) and FirstService Corporation (NASDAQ:FSV,
TSX:FSV), HennickCo has made material investments in the financial
services, facility services, manufacturing businesses as well as
several large-scale institutional quality real estate properties.
As a privately-owned company backed by permanent capital, HennickCo
can invest in any industry or geography, in privately owned or
publicly traded businesses, and at any point in the economic cycle.
The firm does not have pre-determined investment hold periods and
operates in an entrepreneurial fashion. HennickCo’s goal is to
identify, invest in and participate in the growth of great
businesses and high-quality real estate assets in partnership with
strong leadership teams and its investment partners. To learn more
about HennickCo, please visit our website at
www.hennick.com.
MEDIA CONTACT, HENNICK & COMPANY:
Bradley HennickHennick &
Company416.966.9500
MEDIA CONTACT, RATIO DESIGN:
Keri KirschnerPivot Marketing keri@pivotmarketing.com
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