Architecture firm LWC acquires New York Design Collaborative.LWC LWC Lindsey Wilson College (Kentucky) LWC Liquid Water Content LWC Lightweight Coated paper LWC Language of Wider Communication LWC Lincoln-Way Central LWC Lost Workday Case LWC Leave Word Calling LWC Light Weight Concrete Inc., a leading New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. interior architecture firm, announced that it has acquired New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of Design Collaborative. With this purchase, LWC strengthens its reputation for high-end interior design by adding talent to its award-winning design team. In addition, LWC's unique structure that provides architecture, engineering and construction services under one roof will allow New York Design Collaborative's Fortune 500 clients -- including J.P. Morgan Morgan, American family of financiers and philanthropists. Junius Spencer Morgan, 1813–90, b. West Springfield, Mass., prospered at investment banking. Chase & Company, Barclays Bank PLC and Boston Consulting Group -- to benefit from an expanded scope of services. Under the terms of the deal, William Buscaglia, formerly president of New York Design Collaborative, assumes the position of principal and will continue to develop the high-end sector of the market.Buscaglia and a number of employees from New York Design Collaborative have assumed key senior design and project management positions at LWC. Financial details of the acquisition were not disclosed. "Fortunately even in down markets, we continue to grow, organically and now by acquisition," said Kenneth J. Libman, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of LWC."Few firms are as well regarded as New York Design Collaborative, and now they'll have the resources to deliver a true center point of responsibility and accountability to their clients, from architecture to engineering to construction management. I'm excited for the future as I welcome Bill's leadership and his team on board." "In LWC and Ken, I have found a firm and visionary 1. visionary - One who hacks vision, in the sense of an Artificial Intelligence researcher working on the problem of getting computers to "see" things using TV cameras. (There isn't any problem in sending information from a TV camera to a computer. committed to outstanding design," said William Buscaglia. "LWC's expanded scope of services means that clients can benefit from a depth and range of resources that distinguish LWC from other firms in the New York area. Whether clients elect design, engineering or a combination of services, having the technical expertise in-house In-house In the context of general equities, keeping an activity within the firm. For example, rather than go to the marketplace and sell a security for a client to anyone, an attempt is made to find a buyer to complete the transaction with the firm. only makes us sharper and smarter and puts us in a unique position." "Acquisitions of design firms are rare in this industry, LWC is proving that they are the exception to the rule," said Barry Gosin, president at Newmark & Company Real Estate, Inc. "LWC's strategy of providing all of the disciplines in-house allows a client to take advantage of the economies of scale of having only one overhead versus three for architecture, engineering and construction management. In hard economic times clients gravitate grav·i·tate intr.v. grav·i·tat·ed, grav·i·tat·ing, grav·i·tates 1. To move in response to the force of gravity. 2. To move downward. 3. to a lower overhead structure. This proves to be prudent from a client's point of view and has given Ken the financial luxury to acquire a firm of such high caliber. This combination is welcome news for LWC, for New York Design Collaborative and for the real estate industry in New York." |
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