Perspectives, Construction

HFW and GastingerWalker& Develop Strategic Growth Partnership

HFW and GastingerWalker& Develop Strategic Growth Partnership

HFW Companies recently joined GastingerWalker&, a Kansas City, based architectural firm, as its sixth strategic expansion partner, in its ongoing effort to develop a nationally focused ‘House of Brands’ in the architecture and engineering (AE) business.

Kevin Harden, AIA, NCARB, managing partner of GastingerWalker& said, "We're excited about being in a collaboration among a family of firms, and we're looking forward to seeing how this partnership becomes an even greater asset for all of us." He added, "This collaboration allows us to be a design leader, pushing all aspects of design and the value of good design. We expect great opportunities ahead to grow in the firm's leadership and in our profession."

(Source – BusinessWire)

Michael Hein, AIA, PMP, also the CEO of HFW, said, "We're excited because GastingerWalker& brings to this partnership a solid brand legacy, strong leadership, talented people with unique design expertise, and a long list of regional and national clients that already give the firm a national footprint." He further added, "Perhaps most impressive is that more than 85 percent of the firm's business comes from countless new projects with repeat clients. We're looking forward to the profitable synergies they bring into our growing network of HFW Partner firms."

(Source – BusinessWire)

GastingerWalker&, completing its 42nd year of business, employs 55 experts in Kansas City and Chicago and is licensed to operate in 45 states. This was possible due to national customers like AMC Theatres, SunLife Financial, Amsurg America, Allstate Insurance Company, and Spectrum Retirement Communities.

The firm provides architectural, interior design, construction management, space planning, and historic rehabilitation through its Live, Work, Learn, Heal, and Play sectors. HFW CEO Michael Hein calls the new expansion partner a strategic fit for HFW's ‘House of Brands’ concept. It is a concept where, a network of growth-oriented AE companies share best practices, strong design focus, economies of scale, unique areas of expertise, and other synergies while continuing to establish their own legacy brands regionally and beyond.

About GastingerWalker&

GastingerWalker&, founded in 1981, and headquartered in Kansas City, is a varied group of devoted, smart, and passionate architects and designers. The firm takes an approach to design that considers all project components as integral to the whole. From building systems and consumer needs to appeal settings and an optimistic sense of place, architects and interior designers work together to understand clients' projects.

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Comfort Systems USA Announces Acquisition

Business Wire | February 01, 2024

Comfort Systems USA, Inc. today announced that it has closed its previously announced transaction to acquire Summit Industrial Construction, LLC (“Summit”) headquartered in Houston, Texas. As previously disclosed, Summit is a specialty industrial mechanical contractor offering engineering, design-assist and turnkey, direct hire construction services of modular systems serving the advanced technology, power, and industrial sectors. Summit’s capabilities encompass a wide range of modular and site-based construction, including process piping, equipment setting, large pipe rack trestles, and related steel erection and specialty concrete work. Summit is a trusted supplier to some of the world’s largest advanced technology, power and industrial companies and is currently deployed on several major chip fabrication projects. Initially, Summit is expected to contribute annualized revenues of approximately $375 million to $400 million, and earnings before interest, taxes, depreciation, and amortization of $35 million to $40 million. In light of the amortization expense, Summit is expected to make a neutral to slightly accretive contribution to earnings per share in 2024 and 2025. Brian Lane, Comfort Systems USA’s Chief Executive Officer, commented, “We are delighted to announce the closing of our agreement to acquire Summit, an extremely capable provider of modular and other complex mechanical services. Summit brings a stellar reputation as a modular technology leader in growing end markets, including multiple ongoing and large semiconductor projects. We are happy to welcome Summit’s wonderful leadership team and excellent production and craft workers across many states, and we are confident Summit will continue to innovate and grow as a part of our network of world-class contracting companies. We are grateful that Summit has chosen to become part of Comfort Systems USA.”

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