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IBI Group

{{Short description|Canadian-based architecture, engineering, planning and technology firm}}

{{Infobox company

| name = IBI Group Inc.

| logo = IBI Group logo.png

| type = Public

| traded_as = {{TSX was|IBG}}

| founded = {{start date and age|df=y|1974}}

| founder = Neal Irwin
Phil Beinhaker

| location_city = 55 St. Clair Avenue West, Toronto, Ontario

| location_country = Canada

| location =

| locations =

| area_served = Canada, Caribbean, China, Greece, India, Ireland, Israel, Mexico, UAE, United Kingdom, United States

| key_people = Scott Stewart-CEO
David Thom-President

| industry = {{ubl|Professional services |Architecture design |Landscape architecture |Engineering consulting |Civil engineering |Technology Consulting}}

| products =

| services =

| market cap =

| revenue =

| operating_income =

| net_income = CAD $25.25 million (2021)

| assets =

| equity =

| owner =

| num_employees = 3,400 (2022)

| parent = {{ubl|Arcadis {{smaller|(2022–present)}}}}

| divisions =

| subsid =

| homepage = [http://www.ibigroup.com www.ibigroup.com]

| footnotes = }}

IBI Group Inc. is a Canadian-based architecture, engineering, planning, and technology firm operating from over 60 offices in 12 countries across the world.{{Cite web |date=March 22, 2022 |title=IBI Group 2020 Annual Information Form |url=https://www.ibigroup.com/wp-content/uploads/2021/03/IBI-Annual-Information-Form-2021-Final-wt-Covers.pdf }}

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);[http://www.bcosportfishing.com/bc-architects-without-borders BC Business, BC Architects Without Borders. January 4, 2011]. Retrieved 2016-09-15 in 2016 it was ranked as the 8th largest architecture firm (with 836 fee-earning architects) by BD Online;[http://www.bdonline.co.uk/wa100-2016-the-big-list/5079321.article WA100-2016 the big list]. Retrieved 2016-09-16 and in 2016 its United States operations were ranked by ArchDaily as the 13th largest architecture firm in the USA.[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]. Retrieved 2016-09-15

As of 2022, IBI Group has approximately 3,400 employees and more than 60 offices located across six continents.{{Cite web |date=March 22, 2022 |title=IBI Group March 2022 Corporate Presentation |url=https://www.ibigroup.com/wp-content/uploads/2022/03/March-2022-IBI-Group-Corporate-Presentation-FINAL2.pdf}}{{Cite web |date=2022-03-10 |title=2021 IBI Group Inc. MD&A + Consolidated Financial Statements |url=https://www.ibigroup.com/wp-content/uploads/2022/04/IBI-Group-Year-End-2021-Combined-Financials-with-Cover.pdf |access-date=2022-04-13 |website=ibigroup.com}} 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.{{Cite news|url=https://www.arcadis.com/en/news/global/2022/9/arcadis-completes-the-acquisition-of-ibi-group,-creating-a-global-leader-for-planning,-designing-and-building-the-resilient-cities-of-tomorrow/|title=Arcadis completes the acquisition of IBI Group, creating a global leader for planning, designing and building the resilient cities of tomorrow|work=Arcadis|access-date=2022-12-21|language=en-US}}

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.[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]. Retrieved 2016-09-15 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.[http://www.ibigroup.com/about-us/history/ IBI Group history]. Retrieved 2016-09-15

The firm's name was derived from the last initials of its two founding principals, Neal Irwin and Phil Beinhaker.[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]. Retrieved 2016-09-16 The firm has rebranded itself, stating the IBI stands for "Intelligence, Buildings, and Infrastructure."[http://www.yongestclair.ca/interview-ibi-group/ Yonge+St.Clair, IBI Group talks architecture. September 1, 2016]. Retrieved 2016-09-16

In September 2022, IBI Group was acquired by Arcadis.{{Cite web |date=2022-07-19 |title=Arcadis acquires IBI Group |url=https://www.canadianconsultingengineer.com/companies-people/arcadis-acquires-ibi-group/1003415094/ |access-date=2022-07-21 |website=Canadian Consulting Engineer |language=en-US}}[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] New Civil Engineer July 20, 2022

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.

=Cumming 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.[https://www.ibigroup.com/wp-content/uploads/2019/01/COMPANY-BACKGROUNDER.pdf IBI Group Company Backgrounder] IBI Group p. 11.

=Vancouver office=

The Vancouver office expanded through the 2005 merger of Hancock Bruckner, Eng + Wright; Lawrence Doyle Architects; and Young + Wright Architects.[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]. Retrieved 2016-09-15

=Grey-Noble & Grey-Noble=

In 2005 the Newmarket, Ontario-based architectural firm of Grey-Noble & Grey-Noble was acquired.[https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=23795963 Bloomberg, Company Overview of Grey-Noble & Grey-Noble, Architects]. Retrieved 2016-09-15

=Thomas Blurock Architects=

In 2006 the Costa Mesa, California-based educational project-focused firm of Thomas Blurock Architects was acquired and incorporated.[http://pcad.lib.washington.edu/firm/1412/ PCAD - Blurock, Thomas, Architects, Incorporated (Practice)]. Retrieved 2017-07-19[https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=33332869 Bloomberg snapshot]. Retrieved 2017-07-19

=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.[https://www.bloomberg.com/Research/stocks/private/snapshot.asp?privcapId=4528317 Bloomberg company overview]. Retrieved 2016-10-13[http://therealdeal.com/new-research/topics/company/gruzen-samton-architects/ The Real Deal, TRD topics]. Retrieved 2016-10-13

=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.{{clarify|date=March 2023}}

=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.{{cite web |url=https://www.placenorthwest.co.uk/ibi-nightingale-closes-liverpool-office/ |title=IBI Nightingale closes Liverpool office |author= |date=29 October 2013 |website=Place Northwest |publisher= |access-date=March 1, 2023 |quote=}}{{cite web |url=https://www.architectsjournal.co.uk/home/canadian-outfit-snaps-up-nightingale-associates/8600637 |title=Canadian outfit snaps up Nightingale Associates |last=Fulcher |first=Merlin |date=2 June 2010 |website=Architect's Journal |publisher= |access-date=March 1, 2023 |quote=}}

=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.[http://www.designshare.com/index.php/archives/988 CEFPI MacConnell 2009 winner, DesignShare. October 19, 2009]. Retrieved 2016-09-16[http://macconnell.a4le.org/2014/index.html A4LE MacConnell Award archives 2014]. Retrieved 2016-09-16[https://macconnell.a4le.org/2020/index.html#Archives A4LE MacConnell Award archives 2020] Retrieved 2021-12-06 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.{{cite news |last1=Bergeron |first1=Maxime |title=Lemay vise le monde |url=http://plus.lapresse.ca/screens/d53a729f-c231-4ae7-8937-d0a8037b45f2__7C___0.html |accessdate=9 October 2018 |work=La Presse|date=17 December 2014}}

=Carol R. Johnson Associates=

In 2011 the Boston based landscape architecture firm Carol R. Johnson Associates was acquired.[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]. Retrieved 2016-09-15

=Bay Architects=

In 2011 the Houston, Texas-based firm of Bay Architects was acquired.[https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=82557012 Bloomberg, Company Overview of Bay-IBI Group Architects, Inc.]. Retrieved 2015-09-15

=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.{{cite news |author= |date=August 3, 2012 |title=Canadian IBI Group swoops for Taylor Young

|url=https://www.manchestereveningnews.co.uk/business/business-news/canadian-ibi-group-swoops-taylor-1234057 |work=Manchester Evening News |location= |archive-url=https://web.archive.org/web/20170202003349/http://www.manchestereveningnews.co.uk/business/business-news/canadian-ibi-group-swoops-taylor-1234057 |archive-date=2017-02-02 |access-date=March 1, 2023}}

=M-E Companies=

In 2012, M-E Companies, an Ohio-based engineering firm with offices in Westerville, Cincinnati and Canton was acquired.[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], Columbus Business First, December 13, 2012. Retrieved 2019-10-08

=Aspyr=

IBI acquired the British Columbia-based Aspyr Engineering on September 3, 2019.{{Cite web|url=http://www.globenewswire.com/news-release/2019/09/03/1909864/0/en/IBI-Group-Announces-Acquisition-of-Aspyr.html|title=IBI Group Announces Acquisition of Aspyr|last=|first=|date=2019-09-03|website=GlobeNewswire|archive-url=|archive-date=|access-date=2019-11-01}}

=Cole Engineering Group=

File:Cole Engineering Group Limited.jpg

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

Major projects

Major projects, ordered by type, are:[http://www.ibigroup.com/what-we-do/ IBI Group projects]. Retrieved 2016-09-16[http://www.ibigrouptexas.com/what-we-do/ IBI Group Texas projects]. Retrieved 2016-09-16

=Masterplans=

=Government=

=Cultural=

  • Parliament of Canada Visitor Centre Phase 1 (with Moriyama & Teshima Architects), Ottawa {{cite web |url=https://www.tpsgc-pwgsc.gc.ca/citeparlementaire-parliamentaryprecinct/rehabilitation/visiteurs-visitors-eng.html#s3 |title=Parliament Welcome Centre

|author= |date= |website=tpsgc-pwgsc.gc.ca |publisher=Government of Canada |access-date=March 2, 2023 |quote=}}{{cite web |url=https://buyandsell.gc.ca/procurement-data/contract-history/EP758-122489-001-FE |title=IBI GROUP MANAGEMENT PARTNERSHIP (EP758-122489/001/FE~000)

|author= |date= |website=buyandsell.gc.ca |publisher=Government of Canada |access-date=March 2, 2023 |quote=}}

  • Boca Raton Center for the Arts and Innovation, Boca Raton

=Education=

=Transportation=

=Office=

  • Ericsson R&D Complex, Research Triangle Park, North Carolina
  • Boston Landing, New Balance World Headquarters, Boston

=Leisure=

  • Delta Toronto Hotel, Toronto
  • Oceanside Dolphin Hotel, San Diego{{cite news |last=Sifuentes |first=Edward |date=September 9, 2016 |title=Historic hotel to be restored |url=https://www.sandiegouniontribune.com/business/tourism/sdut-oceanside-dolphin-hotel-2016sep09-story.html |work=The San Diego Union Tribune |location=Oceanside, California |access-date=March 2, 2023}}

=Mixed use=

=Residential=

  • 88 Scott Street, Toronto
  • Atlantis The Royal, Dubai

=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.{{cite web |url=https://entrevestor.com/home/entry/ibi-group-paid-5.7m-for-frederictons-hotspot |title=IBI Group Paid $5.7M for HotSpot |last=Mullen |first=Avery |date=August 10, 2022 |website=Entrevestor |publisher= |access-date=March 1, 2023 |quote=}}

=CurbIQ=

CurbIQ is IBI Group's curbside management tool intended to allow municipalities and mobility companies to manage curbside operations by digitizing their regulation.{{cite web |url=https://curbiq.io/about/ |title=About Us - CurbIQ |last= |first= |date= |website=CurbIQ.io |publisher= |access-date=March 1, 2023 |quote=}}{{cite web |url=https://www.ibigroup.com/ibi-products/curbiq/ |title=Arcadis IBI Group Products - CurbIQ |last= |first= |date= |website=ibigroup.com |publisher=IBI Group |access-date=March 1, 2023 |quote=}} 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:

  • Curb Viewer - map-based visualization tool allows municipalities to visualise their existing curbside regulations.
  • Curb Manager - simplified GIS platform for municipalities to efficiently manage their curbside by adding, removing, or modifying curbside regulations.
  • Curb Analyzer - quantifies the designations of curb spaces to provide city planners with trends on their usage
  • Curb Rules API - to allow transportation network companies, such as ridesharing applications, and commercial vehicle dispatches, to add information about curbside regulations to their own applications.

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.{{cite web |url=https://www.senatorproject.eu/news-and-events/efficient-use-of-pavements-for-a-more-decarbonised-dublin/ |title=Efficient use of pavements for a more decarbonised Dublin

|author= |date=December 21, 2022 |website=senatorproject.eu |publisher= |access-date=March 2, 2023 |quote=}}

=Nspace=

Nspace is a desk and conference room booking and visitor management application intended to support flexible work arrangements.{{cite web |url=https://www.ibigroup.com/ibi-products/nspace/ |title=Nspace - A flexible planning, scheduling, and management solution for the hybrid office |last= |first= |date= |website=ibigroup.com |publisher=IBI Group |access-date=March 2, 2023 |quote=}}{{cite web |url=https://getnspace.com/about/ |title=Nspace - Defining the workplace of tomorrow |last= |first= |date= |website=ibigroup.com |publisher=Nspace |access-date=March 2, 2023 |quote=}}

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.{{cite web |url=https://www.ibigroup.com/2022/07/18/arcadis-and-ibi-group-have-entered-into-an-agreement-on-a-recommended-all-cash-offer-of-c19-50-per-share-for-arcadis-to-acquire-all-issued-and-outstanding-shares-of-ibi-group/ |title=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 |last= |first= |date=July 18, 2022 |website=ibigroup.com |publisher=IBI Group |access-date=March 1, 2023 |quote=}} The approximately $873 million acquisition was finalised in September 2022 after a shareholder vote.{{cite web |url=https://www.arcadis.com/en/news/global/2022/7/arcadis-and-ibi-group-have-entered-into-an-agreement |title=Arcadis acquires IBI Group |last= |first= |date=September 27, 2022 |website=arcadis.com |publisher=IBI Group |access-date=March 1, 2023 |quote=}}{{cite web |url=https://www.ibigroup.com/2022/09/16/ibi-group-inc-shareholders-vote-overwhelmingly-in-favour-of-the-acquisition-by-arcadis/ |title=IBI Group Inc. Shareholders Vote Overwhelmingly in Favour of the Acquisition by Arcadis |last= |first= |date=September 16, 2022 |website=arcadis.com |publisher=IBI Group |access-date=March 1, 2023 |quote=}}

References

{{Reflist}}

External links

  • [http://www.ibigroup.com/wp-content/uploads/2014/04/IBI-Group-2014-Annual-Information-Form-.pdf IBI Group corporate structure (see page 7)]

{{Authority control}}

Category:2022 mergers and acquisitions

Category:Architecture firms of Canada

Category:Companies based in Toronto

Category:Architecture firms based in Portland, Oregon

Category:Engineering consulting firms of Canada

Category:International engineering consulting firms

Category:Companies formerly listed on the Toronto Stock Exchange