Shive-Hattery acquires Arcline Associates
CEDAR RAPIDS, Iowa (June 28, 2006) -- Shive-Hattery has acquired Arcline Associates, Ltd., of Downers Grove, Ill., a 20-person, retail design firm with gross revenues of $3 million. Together, with Shive-Hattery's commercial/retail design group, the newly combined company is projected to earn over $11 million in gross commercial/retail design revenues this year.
Arcline Associates will continue to operate under its current name as a division of Shive-Hattery, Inc., and Wayne Marth will continue to lead Arcline Associates in Downers Grove as Office Director and Vice President of Shive-Hattery, Inc. "By joining with Shive-Hattery, we’ll take our client service to the next level, particularly with in-house engineering and landscape architecture capabilities," Marth said. "This opportunity will increase responsiveness and deliver integrated design solutions for our clients."
Marth founded Arcline Associates in 1987 serving retailers, brokers, developers and contractors. Arcline Associates grew quickly adding architects, planners and construction managers to the firm, including Arcline Construction Co., a designer led design-build entity.
Arcline Associates signature projects include Barnes & Noble/Restoration Hardware Building, Downtown Naperville, Illinois; Walgreens, NEC of State & Walton, Chicago, Illinois; Darien Marketplace, SWC of 75th & Lyman, Darien, Illinois; Target/Kohl's Shopping Center, NWC of Randall & Harnish, Algonquin, Illinois; Kohl’s Development, Grand Island, Neb.; and Retail Shops, Algonquin Road and Randall Rd., Lake-in-the-Hills, Illinois.
“We are excited about the growth opportunities in the Chicago market and the broader commercial/retail market sector,” said Tom Hayden, president of Shive-Hattery. “Arcline Associates is a very successful business and with a great roster of repeat and new clients.”
Shive-Hattery architecture engineering had gross revenues of $25.8 million in 2005. The design firm employs 260 people with offices in Cedar Rapids, Iowa City and West Des Moines, Iowa, and Bloomington, Des Plaines, Downers Grove and Moline, Ill. For more information, visit www.shive-hattery.com.