Press release from CNW Group
IBI Group Inc. announces the closing of a strategic alliance with CRJA, Landscape Architects with the IBI Group of Firms.
Monday, July 04, 2011
IBI Group Inc. announces the closing of a strategic alliance with CRJA, Landscape Architects with the IBI Group of Firms.07:38 EDT Monday, July 04, 2011TORONTO, July 4, 2011 /CNW/ - IBI Group Inc. (TSX: IBG) announced today the closing of a strategic alliance of CRJA, Landscape Architects with the professional practice of the IBI Group of Firms. CRJA will continue as a distinct entity within the IBI Group of Firms.Since the founding of the Firm by Carol R. Johnson, preeminent Landscape Architect, some 50 years ago, CRJA has established a highly regarded recognised name in the practice of Landscape Architecture in the USA and worldwide. The firm is known for its creative talent, technical expertise and consistency of professional services to its clients in realising successfully many landscape projects in educational campuses and building facilities, in prestigious embassies, urban developments of mixed uses; and design of the public realm of streetscapes and public places of all kinds. The firm is based in Boston Massachusetts. While the firm has established a strong presence in the Northeast of the USA, the firm has worked widely across the USA, Internationally, including the Middle East and is now active in China. By the quality of its professionals, CRJA has maintained its substantial practice over the years including through the period of challenges in the past decade of 9/11 and the recent financial and economic crisis. This success is based as well on the established, valued continuing relationships with a wide range of loyal clients, some extending for over the fifty years. The firm is now experiencing an upturn in its revenue and volume of work.Phil Beinhaker, Chairman Director and CEO of the IBI Group of Firms noted that "Harry Fuller, President, nine other Principals, the senior associates and the staff have established and maintained an outstanding practice of landscape architecture serving Government, institutions and private developers. The continuing presence of Carol Johnson is an additional inspiration. This leadership and staff have all committed to continue the practice of the CRJA Firm in this strategic alliance, affiliating with the IBI Group of Firms. We fully expect that these leaders along with their colleagues totalling approximately 45 people will thrive through this strategic alliance in affiliation with the IBI Group of Firms and grow to assume, over time, roles of leadership in the ensuing years in the context of IBI Group. IBI Group is committed through this strategic alliance, to the growth of the CRJA practice through the provision of additional professional landscape architectural resources, (all in accordance with regulations of the practice of landscape architecture in the respective jurisdictions), as well as complementing this expertise with professional services in Urban Land, Building Facilities, Transportation,Intelligent Systems. With this affiliation, the total complement of professionals within the IBI Group of Firms is now approximately 2,700 people operating through some 85 offices worldwide. CRJA can now participate in projects of the IBI Group of Firms on this global basis, enhancing their reach in China and elsewhere and more effectively contribute in the USA through the network of IBI offices."Harry Fuller, President of the CRJA Firm stated that "This strategic alliance results from careful internal consideration and planning with regards to the continuation of our practice and the provision of succession over time. We are pleased to have achieved this strategic alliance with the IBI Group of Firms. There will be no change in our senior operating management at CRJA with continued leadership provided by myself and our senior team and talented staff. We are also delighted that Carol Johnson will continue to participate on a part time basis, as Carol has been doing recently. This will enable CRJA to expand operations by providing our talents through IBI offices across the USA and worldwide and adding to the broad base of professional disciplines within the IBI Group of Firms. Our talented professional staff are most excited by these opportunities ahead in our new future".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 72% interest in the 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 28% 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 ArchitectsFor further information: IBI Group5th Floor - 230 Richmond Street WestToronto ON M5V 1V6 Canada tel 416 596 1930fax 416 596 0644