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How a Legendary Architecture Firm Transitions, Grows, and Looks Forward

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Manage episode 505531753 series 2874474
Content provided by Atif Qadir. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Atif Qadir or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

Many architecture firm owners struggle with the same challenge: How do you build a sustainable business that can thrive beyond the founder? Joe Furey solved this problem by bringing his finance and technology background to Michael Graves Architecture & Design, one of America's most iconic firms.

As CEO and President, Joe has transformed the practice from a firm dependent on Michael Graves’ reputation into a diverse platform business with 165 employees across 10 offices. His approach combines strategic acquisitions with technology integration, creating what he describes as "a mile wide and an inch deep” approach.

This conversation reveals the mechanics behind how a firm transitions, grows, and looks forward. Joe explains his evaluation criteria, integration process, and how he structures deals that benefit both buyers and sellers. He also discusses expanding into technology consulting through the acquisition of Parallax Team and opportunities to leverage AI within real estate development.

Episode Outline

(02:09) The biggest lessons from Fortune 500 consulting that informed his leadership philosophy

(15:51) Joining Michael Graves at peak revenue and recognizing the succession planning gap

(22:43) Mitigating the number one post-acquisition problem: Trust

(32:34) The Parallax Team acquisition and turning Revit consulting into a revenue driver

(36:10) The acquisition playbook for due-diligence and integration frameworks

(46:09) Measuring success through KPIs, budgets, and earn-out structures

(52:47) Economic adaptation and positioning the firm for long-term growth

Additional Resources

Check out The Mira Shoppe. American Building Podcast listeners get a complimentary gift with their first purchase! Email [email protected] to receive your exclusive code and treat yourself to a piece you’ll cherish, while supporting a brand that gives back.

Dario Amodei and his essay in the social posts

Trust: America's Best Chance by Pete Buttigieg

Outsourced

Connect with Joe

Connect on LinkedIn

Website

Contact: [email protected]

More From American Building

Grab the exclusive guide: How Eight Developers & Designers Are Responding to The Housing Crisis

Learn more on the American Building website

Follow on LinkedIn

Follow on Instagram

Connect with Atif Qadir on LinkedIn

Learn more about Michael Graves Architecture & Design

Watch this episode on YouTube

  continue reading

93 episodes

Artwork
iconShare
 
Manage episode 505531753 series 2874474
Content provided by Atif Qadir. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Atif Qadir or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

Many architecture firm owners struggle with the same challenge: How do you build a sustainable business that can thrive beyond the founder? Joe Furey solved this problem by bringing his finance and technology background to Michael Graves Architecture & Design, one of America's most iconic firms.

As CEO and President, Joe has transformed the practice from a firm dependent on Michael Graves’ reputation into a diverse platform business with 165 employees across 10 offices. His approach combines strategic acquisitions with technology integration, creating what he describes as "a mile wide and an inch deep” approach.

This conversation reveals the mechanics behind how a firm transitions, grows, and looks forward. Joe explains his evaluation criteria, integration process, and how he structures deals that benefit both buyers and sellers. He also discusses expanding into technology consulting through the acquisition of Parallax Team and opportunities to leverage AI within real estate development.

Episode Outline

(02:09) The biggest lessons from Fortune 500 consulting that informed his leadership philosophy

(15:51) Joining Michael Graves at peak revenue and recognizing the succession planning gap

(22:43) Mitigating the number one post-acquisition problem: Trust

(32:34) The Parallax Team acquisition and turning Revit consulting into a revenue driver

(36:10) The acquisition playbook for due-diligence and integration frameworks

(46:09) Measuring success through KPIs, budgets, and earn-out structures

(52:47) Economic adaptation and positioning the firm for long-term growth

Additional Resources

Check out The Mira Shoppe. American Building Podcast listeners get a complimentary gift with their first purchase! Email [email protected] to receive your exclusive code and treat yourself to a piece you’ll cherish, while supporting a brand that gives back.

Dario Amodei and his essay in the social posts

Trust: America's Best Chance by Pete Buttigieg

Outsourced

Connect with Joe

Connect on LinkedIn

Website

Contact: [email protected]

More From American Building

Grab the exclusive guide: How Eight Developers & Designers Are Responding to The Housing Crisis

Learn more on the American Building website

Follow on LinkedIn

Follow on Instagram

Connect with Atif Qadir on LinkedIn

Learn more about Michael Graves Architecture & Design

Watch this episode on YouTube

  continue reading

93 episodes

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