SNZweig Delivers Buy-Side Advisory for BWBR’s Acquisition of RND Architects
Buy-Side M&A Advisory Expands National Architecture Firm into the Research Triangle
SNZweig, the premier integrated advisory platform built exclusively for architecture, engineering, and construction (AEC) firms nationwide, is pleased to announce its role as the exclusive buy-side financial and strategic M&A advisor to BWBR in its acquisition of Durham, North Carolina-based RND Architects. The transaction officially closed on October 31, 2026.
Strategic Expansion into the Research Triangle
Founded in 1922 and headquartered in St. Paul, Minnesota, BWBR is an employee-owned architecture and design firm with regional offices in Madison, Wisconsin, and Omaha, Nebraska. The acquisition of RND Architects establishes BWBR’s fourth location, expanding its footprint into North Carolina’s growing Research Triangle market.
Operating in Durham since 1987, RND Architects brings a proven track record across higher education, healthcare, civic, and public-sector projects. The office will now operate as BWBR, expanding the firm to approximately 200 professionals and creating opportunities to pursue larger, more complex design projects nationwide.
“We’ve had our eye on the Triangle for some time because of the tremendous growth here,” said Terri Ulrick, President and CEO of BWBR. “RND brings design experience, strong local relationships, and market knowledge that complement our expertise and resources. Together, we can pursue larger opportunities in the region and expand the impact of our design beyond what either firm could achieve alone.” Read BWBR’s full announcement.
“What made BWBR the right partner was that they share our commitment to our employees,” said Charles Nickelson, Principal at RND Architects, who joins BWBR as Principal. “This gives our people more opportunities to learn, grow, and develop their careers, while allowing us to preserve the personal relationships and commitment to service that have always defined RND.”
SNZweig’s AEC Buy-side Solutions
SNZweig’s Mergers & Acquisitions team sourced the transaction and provided comprehensive buy-side representation to BWBR throughout the deal lifecycle, delivering advisory guidance in:
- Buy-Side Solicitation & Partner Identification
- M&A Valuation
- Financial Modeling & Analysis
- Deal Structuring & Negotiation
- Transaction Structuring
- Due Diligence & Closing Support
“Entering a high-growth market like the Research Triangle only works when the operational foundation, valuation, and culture make sense for both sides,” said Will Swearingen, Director, Mergers & Acquisitions at SNZweig. “BWBR went into this process with clear criteria, and RND fit those priorities. We’re pleased to advise BWBR through each phase of the transaction to help them secure the right partner for their East Coast growth.”
About BWBR
BWBR is a team of professionals specializing in commercial architecture, interior design, planning, and research who are committed to the optimal performance of people, spaces, and organizations. Since 1922, the firm has designed solutions to enhance how people live, work, heal, learn, pray, and play in engaging and empowering spaces nationwide. Leveraging the power of design, BWBR transforms lives through exceptional environments.
About RND Architects
Founded in Durham, North Carolina, in 1987, RND Architects, PA specializes in solving complex design challenges associated with renovation and adaptive reuse across healthcare, higher education, and public projects. The employee-focused firm emphasizes collaboration, diversity, and creative problem-solving to strengthen regional communities and the built environment.
About SNZweig
SNZweig is the first national integrated advisory platform built exclusively for architecture, engineering, and construction firms. Combining highly complementary financial and accounting expertise, strategic, operational, and transactional advisory, technology solutions, and industry intelligence, SNZweig helps AEC leaders navigate complexity, accelerate growth, and create long-term value. Its mission is to Elevate the Industry® by serving as a trusted partner to AEC clients, delivering clarity, confidence, and the freedom to focus on what matters most. Learn more at snzweig.com.