NEWPORT BEACH, CA – Meritage Partners, Inc. (“Meritage Partners”), a leading A&E, middle-market mergers and acquisitions advisory firm, is pleased to announce the successful sale of Pacific Cornerstone Architects (“PCA”) to reputable architecture and engineering firm HED Design (“HED”). The transaction closed on April 12, 2021.
PCA engaged Meritage to target and engage strategic firms in the marketplace for purposes of expanding their geographic reach and service disciplines as well as building two individual pathways for retirement for the partners. Meritage provided a variety of options which ultimately helped the partners to make the important decisions on who they would merge with.
Through this process PCA decided that joining HED would strengthen their dominance in San Diego by having reach into HED’s multi-disciplined staff of over 450 people throughout the United States.
Meritage Partners was retained as the Company’s exclusive M&A advisor and investment banker. The transaction was led by Brian T. Franco, Founder and Managing Partner.
In a joint statement by Tim Schulze and Kevin Perry, “We are grateful for the carefully crafted options provided by Brian Franco and the Meritage team. From inception, Meritage was mindful of our expectations and the motivating forces behind our decision to seek a merger with a larger firm. Meritage provided options for us that we otherwise wouldn’t have been able to target without their specific direction and guidance. We are overwhelmed with excitement to be joining HED and would happily recommend Meritage to other firms.”
Founded in 1994, PCA is a leading full-service design company that offers planning, architecture, interior design, and sustainable design services to a diverse base of clients.
The Company predominantly undertakes projects in the US. The client base includes higher education, industrial, R&D facilities and life sciences. PCA’s core competencies include expertise in a wide variety of projects, high operating efficiencies and customized design solutions.
HED is a 450-person multidisciplinary design firm with eight offices throughout the U.S. including Boston, Chicago, Dallas, Detroit, Los Angeles, San Diego, San Francisco, and Sacramento.
“We are committed to strategic growth that increases the firm’s ability to create a positive impact for our clients and their stakeholders. Bringing the PCA team into the HED family will align with our vibrant San Diego practice and enable us to make a greater impact in this thriving region and beyond,” said Peter Devereaux, FAIA, Chairman and CEO of HED.
This merger will bring expanded expertise in the life sciences, higher education, and commercial market segments, and will add additional institutional knowledge of the San Diego community to the critical planning and entitlement phases of the design process. Together our expanded capabilities will strengthen relationships within the local and regional development community and provide greater depth and breadth of services.
About Meritage Partners
Based in Newport Beach, California, Meritage Partners is a mergers and acquisitions advisory firm serving SMBs in a variety of industries throughout North America. Its advisors are made up of accomplished and experienced entrepreneurs with over 130 years of collective experience. Meritage’s team has advised on over $2.0 billion of successful M&A transactions with private equity firms, high net-worth individuals, and public companies.
For additional information, please visit meritage-partners.com or submit an inquiry to firstname.lastname@example.org.