Architectural firms to merge

May 7, 2009
OWP/P, based in Chicago, will combine with Cannon Design, based in Grand Island, N.Y.

From The Chicago Tribune: One of Chicago's largest architectural and engineering firms, OWP/P, is merging with Cannon Design, an even larger design firm based in upstate New York. Terms of the deal, a complex cash and stock transaction, were not disclosed. The new firm, which largely will operate under the Cannon brand, will be one of the nation's largest. Its combined 2007 revenues of $158.3 million would make it the nation's 11th biggest architectural firm. OWP/P, which specializes in elementary schools, colleges and universities, health-care and commercial work, ranked 52nd among architectural firms in an Architectural Record survey, with $52.9 million in revenue. Cannon, based in Grand Island, N.Y., near Buffalo, ranked 19th, with $95.4 million.

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