Brad Zizmor and Dag Folger, co-founders of New York-based architecture firm A+I, were meeting in January 2025 and working out their succession plan. Three decades after founding the company, it was time to hand over the reins to the next generation.The pair were in the process of transferring their ownership stake to a trio of successors when they received an email that would change the trajectory of the handover.
It came from Phil Harrison, CEO of one of the country’s largest architecture firms, Perkins&Will, asking if they’d be interested in discussing a potential acquisition. Zizmor told him A+I wasn’t for sale, but Harrison said he was willing to simply act as a “sounding board” as the company was thinking through its next chapter...
RSK: More and more mergers and acquisitions going on in the industry and not just architects. One major reason is the Boomer generation. The youngest Boomers turn 62 this year and M&A is a much better alternative than closing up shop if they are an owner/partner.
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- - Volume: 26 - WEEK: 23 Date: 6/2/2026 8:11:35 PM -