Using acquisition as a tool for growth is a valid strategy, but one that requires adequate counsel. Acquisition of an inappropriate firm can cause financial and other stresses. A smart, methodical approach that brings together two well-matched firms can help a firm grow while providing richer resources from which to draw.
The firm had established a California office in 2008, shortly before the economy crashed and a multi-year recession devastated the architecture profession. To their credit, the leadership kept the office open through this period, but realized that they needed to acquire another firm in order to build a stronger presence and capitalize on its local reputation.