Justin Smith, the founder of JSA Architects, has sold his shares in the company to two existing staff members under a management buy-out (MBO).
The transaction sees Chartered Architect Georgie Rathbone and Chartered Architectural Technologist Chris Wood become co-owners and directors of the business, whilst Justin will remain as a consultant to the new management team.
According to the business, the change has been a couple of years in the making and is designed for the long term continuity of the practice.
Justin said: “I am really pleased to be able to transition the business to two very talented individuals who have proven to be a very good fit for the company. I am also pleased to ensure long term continuity for our clients and their projects with Chris and Georgie in charge and having spent a significant amount of time developing and implementing robust processes and knowledge bases.”
Chris said: “I am delighted that the process has been concluded following a well-considered transition programme which all started with a management restructure and name change in 2018. Nobody could have predicted the current economic challenges, but the recent record-breaking financial year and increasingly robust client base demonstrates this is still the right time to see in the company’s new chapter.”
Georgie said: “Since joining, I have been amazed at the passion and collaborative efforts of the team which have resulted in some incredible projects and a great service. Both Chris and myself feel proud and honoured to have the opportunity to continue to shape the direction of the practice and build on its progressive values.”