NELSON and Veenendaal Cave, Inc. Officially Join Operations
After announcing its intent to acquire Veenendaal Cave, Inc. (VCave) in late May 2015, NELSON, a global architecture, interior design, engineering, and consulting services firm, has officially joined operations with the firm ranked number 3 on the Atlanta Business Chronicle’s list of Atlanta’s Top 25 Architectural Firms, Commercial Industrial Design Firms and Owners of Real Estate. The deal has established a “super region” for NELSON in the Southeastern United States, accentuated by the firm’s 100 percent growth over the past 18 months.
“The joining of firms will create a myriad of opportunities in the Southeast,” said John “Ozzie” Nelson, Jr., chairman and CEO of NELSON. “We have made it a strategic objective to advance our position in the Southeast, and we firmly believe that VCave’s business approach, expansion potential, and all-encompassing culture will sync with that of NELSON. The new partnership paves the way for NELSON to hit its anticipated 2015 net fee revenue of $80 million, furthering its access to Atlanta’s growing economy of more than $300 billion annually.”
The acquisition marks the largest to date with a projected revenue of $12 million and annual growth of 12%. Additionally, the combination will increase NELSON’s teammate count to nearly 600 globally and create NELSON’s largest operation with over 100 teammates in the Atlanta area. It will bring additional services to VCave’s 65 percent of the tenant market in the region.
Effective today, VCave will operate as Veenendaal Cave, Inc., A NELSON Company.
VeenendaalCave, Inc. was founded as SmithCave & Associates by Robert F. Smith and Edward A. Cave in 1985. Shortly after Smith’s retirement, SmithCave & Associated changed its name to Veenendaal Cave, Inc. VCave focuses on its corporate office, healthcare, and industrial clients with a full range of interior planning and design services. For more information, visit www.VCave.com.
NELSON is a global architecture, design, engineering, and consulting services firm with Teammates in 35 locations around the world and strong experience in a broad range of industries. NELSON works with more than 20 percent of companies in the Fortune 100. NELSON’s interior design practice is ranked in the top ten overall Interior Design “Design Giants”, and in the top 5 Giants focused on workplace design. For more information, visit www.NELSONonline.com.
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