Newbury-based international M&A specialist BCMS Corporate has finalised the transatlantic sale of award-winning multi-disciplinary architects Taylor Young Holdings to the IBI Group Inc.Based in the North West, Taylor Young has earned an outstanding reputation for the quality of its architectural, urban design, town planning and landscaping work for clients in the housing, education, health, commercial and specialist public sectors. These include work on a £20 million project at Aintree University Hospital in Liverpool as well as master planning for the Bio Campus and Royal Campus in the city. The company, which has close to 100 staff, turned over more than £6m last year.
The shareholders recently took the decision to identify a strategic buyer for Taylor Young with the resources to grow the business further and approached BCMS Corporate for help with their search. Interest in the company, which was founded in 1860, was described as considerable.
The new owners of Taylor Young are Toronto-based architecture, engineering and design firm IBI Group. The Group, which has over 3,000 staff employed in 76 offices around the world, was recently involved in providing travel advice and information via web, print, and audio before and during the London 2012 Olympic Games. Under the terms of the sale the company will now be known as IBI Taylor Young.
Vickie Hood, deal leader at BCMS Corporate, said: “We’re delighted to have secured the sale of Taylor Young. It is fantastic business, at the forefront of its sector, and with the support of the IBI Group, looks poised for continued growth.”
Resources: BCMS Corporate website