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Stronger together Similar cultures and a need for an expanded footprint are the driving forces behind Hot Firm RTM’s acquisition of smaller Texas outfit.
By LIISA ANDREASSEN Correspondent
services to clients on a national level. The Lippe and Associates team builds on RTM’s expertise and ser- vice capabilities in every market, but particularly in Texas. “When cultures clash, it creates a barrier for integrating teams and processes.” COMBINING CULTURES AND RESOURCES. Mirchandani ex- plains that the two cultures are extremely similar and this contributed to a seamless partnership. “When cultures clash, it creates a barrier for inte- grating teams and processes,” he says. “We under- stand that by blending Lippe with RTM, along with our previously acquired offices, we’re essentially creating a new culture that embraces the knowl- edge, expertise, and personality of each company. We truly are stronger together.” RTM’s core values include being responsive, See ACQUISITION, page 4
T he two companies were in talks for a little more than a year before a merger resulted between Illinois-based RTM Engineering Consultants (Best Firm Multidiscipline #37 and Hot Firm #50 for 2016) and Lippe and Associates Consulting Engineers , a full-service MEP firm located in Addi- son, Texas. RTM was the buyer, and the combined organization has 120 people. “Acquiring a new business is a significant undertak- ing and we wanted to ensure that customer satis- faction stayed at the forefront and that the part- nership aligned with our mission to continuously provide innovative designs to our clients, on time and within budget,” says Tony Mirchandani, CEO of RTM. With this merger, both companies have been able to expand existing capabilities. What they have gained is a larger footprint within the industry while strengthening their commitment to pro- viding reliable, efficient, and innovative MEP/FP
Tony Mirchandani, CEO, RTM
THE ZWEIG LETTER November 14, 2016, ISSUE 1176
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