12
ON THE MOVE GODSPEED
CAPITAL-BACKED
Rachlin Partners, TSK Architects, Image Engineering Group, and E4H, the MOREgroup today comprises a network of 700 employees in 21 offices across the U.S. Each MOREgroup brand will retain the distinct focus that led it to success, while also contributing to a holistic network of services, expertise, and innovation that will be shared across markets. With significant combined expertise across architectural, design, engineering, and consulting services focused on the education, government, healthcare, and life sciences markets, the MOREgroup family of brands together will provide best-in-class planning and design services and solutions to its clients as it strives to deliver on its mission to create environments that inspire. Christopher Huckabee will spearhead the organization as MOREgroup’s CEO and serve on its board of directors. “MORE is embedded in everything we do – our mission, expertise, client experience and culture,” he said. “Our family of brands are known for going the extra mile by doing more, being more and believing there is always more to give to clients. In that spirit, we look forward to continuing to expand the combined geographic reach and sector expertise of our shared platform by welcoming E4H, as it grants MOREgroup a significant foothold and strong reputation in the U.S. healthcare and life sciences sectors.”
Jim Johnson, president of E4H, said, “We are thrilled to partner with Godspeed Capital and join MOREgroup, whose significant resources, deep expertise across a range of architectural sectors, and broad national footprint position us for strong future growth. We look forward to operating as part of the MOREgroup platform, and to leveraging the people, technology, and ideas necessary to continue delivering a best-in-class experience to our clients.” Douglas Lake, Jr., founder and managing partner of Godspeed Capital, said, “Godspeed Capital is proud to have assembled this capable leadership team by establishing MOREgroup as the platform brand for our host of exceptional architecture, design, and engineering firms. The combined resources and interdisciplinary architectural expertise this platform will deliver to customers across the education, government, healthcare, and life sciences sectors is unparalleled nationwide. Through continued organic expansion, investment in our people and technology, and future add-on acquisitions, we look forward to continuing to build MOREgroup into the nationally recognized architecture, engineering, consulting, and design services and solutions platform of choice for project developers across the country.”
MOREGROUP ENVIRONMENTS ARCHITECTURE
ACQUIRES
E4H
FOR
HEALTH
Godspeed Capital Management LP, a private equity firm, announced the successful acquisition of E4H Environments for Health Architecture, a leading provider of consulting, planning, and facility design architecture services for the healthcare and health science and technology industry. Founded in 1982, E4H, the largest Healthcare architectural firm in the nation, has more than 40 years of experience exclusively designing state- of-the-art healthcare and life sciences facilities across the U.S. With a national footprint comprising of nine offices across eight states, E4H has a deep portfolio of more than 9,000 completed projects across 45 states – a testament to the efficacy of the firm’s highly- skilled, industry-recognized workforce dedicated to creating economically and environmentally sustainable facilities that enhance the well-being of patients, staff, and families. Following the transaction, E4H will join MOREgroup, Godspeed Capital’s newly rebranded platform of design brands with robust sector focused industry experience. Formed through the combination of Huckabee Architects,
how so many companies do not have this – a model that shows the estimated value of ownership for each owner based on projections for what is likely to occur – one that is updated continuously based on actual financial results and changes in ownership that have occurred. It’s not that hard to do, and Zweig Group could help here if you need it. So hopefully by now you understand why there is no time to delay your ownership transition planning efforts. The future will be here before you know it! Take it from me – I’m 64 and it’s hard to believe it because I still feel like I’m 27! Mark Zweig is Zweig Group’s chairman and founder. Contact him at mzweig@zweiggroup.com. “Ownership transition is one of those things that many owners of AEC firms really don’t think much about. They hope it will all somehow work out when the time comes, but don’t really understand it.”
MARK ZWEIG, from page 11
sooner rather than later, you will be more likely to keep them in your company. You may even get a non-compete. It will get these people into thinking about the overall business more than just their own discipline, or office or team. There are many reasons to get your best people into ownership sooner rather than later. 4. You also need to be readying someone to take over your job. Leadership succession goes hand-in-hand with ownership transition – or at least it should. I had five years to prepare my successor, Chad Clinehens, at Zweig Group, and another year or so after that before he became the majority owner. It gives someone time to work in each area of the business, to form relationships inside and out of the company, to prove themselves and to learn how everything works while you are still there. The transition is much more likely to succeed as a result. You don’t want to be rushed. You could make a mistake and pick the wrong person and that would put you back at square one. You will need more time to recover from that if that happens. So start early! 5. You need a financial model. It has always amazed me
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THE ZWEIG LETTER OCTOBER 31, 2022, ISSUE 1463
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