TORONTO, Sept. 28, 2011 /CNW/ - IBI Group Inc. (TSX: IBG). IBI Group
Inc. announced today the closing of the merger of the professional
practice of Dull Olson Weekes Architects, Inc., ("DOWA"), with the
professional practice of the IBI Group of Firms. The DOWA practice will
continue as a member of the IBI Group of Firms with the hyphenated name
Since the founding of the Firm by three Principals, Norman Dull, Steve
Olson and John Weekes, in 1986, some 25 years ago, DOWA has established
an outstanding reputation providing professional architectural
services. The practice is known for its high quality of design,
technical competence, as well as social consciousness in its approach
to sustainability and other societal values. Focus of the work of the
firm has been in educational facilities in the State of Oregon,
centered in Portland. In addition, other work in social infrastructure
and health and community facilities has been successfully undertaken as
well. The work of the firm has been recognized with projects
undertaken in the State of Washington, as well as elsewhere in the
United States, including some international projects.
The firm has proceeded in an organized fashion to build the practice
which today comprises in addition to the three principals, five
experienced Associate Principals, namely, Amy Friendy, Dan Hess, Keith
Johnson, Renee Kroupa and Karina Ruiz. These eight leaders have all
committed to continue with the practice.
Phil Beinhaker, Chairman Director and CEO of IBI Group noted that, "the
three DOWA principals and their five Associate Principal colleagues and
staff have established and maintain an outstanding practice in the
design of education and social infrastructure in the Pacific Northwest,
including recognition elsewhere. The merger of this practice within
the IBI Group of Firms will complement the existing practice of IBI
Group in the Northwest which to date has been primarily based in the
transportation infrastructure sectors including intelligent systems and
functional planning and design of transportation/transit facilities.
This combination of social infrastructure along with transportation
infrastructure is providing IBI with a strong, sustainable base across
the United States as IBI succeeds in its plan of establishing national
practices in these broad areas. We expect that these leaders, in
affiliation with the IBI Group of Firms will grow to assume, over time,
roles of leadership in the context of the IBI Group of Firms. We will
expect that their skills in architecture will broaden from their
primary base of education into IBI's national healthcare strategy and
other social infrastructure, as well as participating in projects
elsewhere. With this affiliation, the total complement of
professionals within the IBI Group of Firms is now approximately 2,800
people operating through some 76 offices worldwide."
The Principals of DOWA noted that, "This merger arises from our planning
over some time to provide for the continuation and broadening of our
practice to other areas of practice within the Pacific Northwest, as
well as participating in design opportunities for buildings elsewhere
in the United States and internationally. This merger will enable DOWA
to expand operations by providing our talents through IBI offices
across the United States, Canada and internationally. Our professional
staff is excited by these opportunities that lay ahead in our broad
About IBI Group Inc.
IBI Group Inc. is a TSX listed company which pays monthly dividends and
trades under the symbol "IBG" IBI Group Inc. holds an indirect 75%
interest in IBI Group, a Partnership (of a subsidiary of IBI Group Inc.
and IBI Group Management Partnership) which, directly and through its
subsidiary entities, provides professional services, including
planning, design, implementation, analysis of operations and other
consulting services in relation to four main areas of development,
being Urban Land, Building Facilities, Transportation Networks and
Intelligent Systems. The remaining 25% of the IBI Group is owned by IBI
Group Management Partnership. On a partially diluted basis, assuming
the exchanges of its partnership units for common shares of IBI Group
Inc. IBI Group Management partnership together with affiliated entities
holds a combined 46% interest in IBI Group Inc.
IBI Group is a group of firms providing professional services and is
affiliated with IBI Group Architects
SOURCE IBI Group Inc.
For further information:
Philip H. Beinhaker
IBI Group Inc.
230 Richmond Street West
Toronto, Ontario M5V 1V6