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IBT Enterprises Announces Merger with Design Build Concepts
Company First to Provide
Complete Continuum of Solutions for Financial Services
Industry
ATLANTA, Aug. 10 /PRNewswire/
-- In a bold move that creates the most comprehensive design,
construction and consulting offering in the financial services
industry, IBT Enterprises and Design Build Concepts (DBC) have
merged capabilities.
The unified company offers a
complete continuum of solutions to the financial services
industry. From ground-up and in-store construction to
storefront design and branch consulting services, together the
companies will appeal to a broader client base.
The joining of IBT, a leader
in design, construction and consulting for financial services
and specialty retail, and DBC, an Atlanta-based design/build
firm specializing in financial facilities, creates an
organization with a combined heritage and professional
experience of nearly 50 years.
"The merger of capabilities
of two strong companies will help us realize our goal of being
the leader in all aspects of the financial services design and
construction market," said Mylle Mangum, CEO of IBT
Enterprises. "Our clients have consistently been looking for a
company to provide the full spectrum of design, construction
and consulting products for all types of branch formats and
this merger provides just that service."
With its proven processes for
ground-up design and construction, DBC will remain the center
of integrated, ground-up design-build services for financial
facilities. IBT will continue to specialize in storefront and
in-store design/build services and business consulting for
financial and specialty retail facilities.
The companies' combined
portfolio consists of more than 3,700 design-build projects
ranging from new main offices, branch offices and operations
centers, to in-store and storefront design, merchandising, and
construction, as well as specialty retail.
"Both organizations share a
mutual commitment to quality, innovation and exceeding
customer expectations," said Jim Givan, President of DBC. "In
addition to providing unparalleled services and expertise to
the financial services industry, the merger offers all
employees a chance to grow and be part of an exciting future."
The IBT and DBC offices will
remain at their current locations in Atlanta. From a corporate
structure perspective, DBC will be integrated under IBT
Holdings, which also includes IBT Enterprises, LLC and
International Banking Technologies, a real estate licensing
division. Jim Givan will remain President of DBC. Mylle Mangum
will remain Chairman and CEO of IBT Holdings as well as CEO of
IBT Enterprises, LLC.
"The secret sauce of all
great deals includes a strong support team," added Mangum. "We
were fortunate to work with a talented team including Burr &
Forman LLP, Troutman Sanders LLP, Stephens Inc., Habif,
Arogeti & Wynne LLP and Wachovia Bank."
About IBT Enterprises
IBT is a leading source of
forward-thinking designs and ideas in the arena of financial
services and specialty retail. Over its 23-year history, the
company has consulted to more than 190 retail and 550
financial services clients on the development of thousands of
workspaces. IBT offers a comprehensive range of integrated
services, including retail distribution strategy, market
research, space planning, design and construction, performance
training and coaching. IBT is a certified Women Owned Business
Enterprise and a member of the U.S. Green Building Council.
For more information about IBT visit
www.ibtenterprises.com.
About Design Build Concepts
Design Build Concepts of
Atlanta, Georgia provides comprehensive architecture, interior
design and full-time, on-site construction management services
to financial institutions throughout the Southeast. With an
unsurpassed commitment to quality, integrity and an open-book
process, DBC has earned 60 to 80 percent repeat business
annually while successfully completing more than 650 financial
facility programs since 1975. For more information on DBC
visit
www.designbuildconcepts.com.
Media Contact
For IBT:
Brian Boudreaux
Arketi Group
404-929-0091 x211
bboudreaux@arketi.com
Source: IBT Enterprises
CONTACT: Brian Boudreaux, of
Arketi Group for IBT Enterprises,
+1-404-929-0091 x211,
bboudreaux@arketi.com
Web site:
http://www.ibtenterprises.com/
http://www.designbuildconcepts.com/
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