RETAIL ARCHITECTURE SPECIALIST SNAPPED UP BY DB3 GROUP
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TTG Architects, which works with some of the UK’s best-known retail brands, has been sold to DB3 Group in a transaction advised upon by KBS Corporate.
Based in London, TTG Architects commenced trading under its initial name in 1982, and has become a long-established and renowned provider of architectural design and support solutions, primarily operating within the retail sector.
The company has earned industry recognition for its work, including two REVO Gold Awards for the design of Primark Birmingham – the largest fashion retail store in the world when it was opened. Other household names amongst TTG Architects’ clients include Marks & Spencer, Tesco and Waitrose.
Leeds-headquartered acquirer DB3 Group is an architecture, engineering and building services consultancy with which TTG Architects has collaborated on a range of projects.
The arrangement has now been formalised and is expected to enhance DB3’s ability to serve high-profile clients such as Hugo Boss, Adidas, Boots, Co-op, Morrisons and Tim Hortons.
TTG now becomes part of DB3’s London team. As a result of the integration, Peter Tunwell, TTG’s managing director, joins the DB3 board, while technical director Peter Stone becomes a member of DB3’s operations board.
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“Joining DB3 is an exciting opportunity for TTG,” said Peter Tunwell. “Our shared histories and complementary expertise mean we can offer even more to the brands and clients we work with, while continuing to grow in the retail and education sectors.”
Having become employee-owned in December 2022, DB3 has been working to shape its operations for future growth, with this acquisition one of the steps made to strengthen its retail and education teams.?
Julius Steinert, DB3’s managing director (south), commented: “This acquisition represents a significant step forward for DB3 as we continue to evolve and grow. It not only reinforces our commitment to providing stability and consistency to our clients but also positions us to lead in the retail sector.
“By uniting the strengths of DB3 and TTG, we are combining our expertise to deliver outstanding service to our clients.”
Daniel DiMarco, KBS Corporate Deal Executive, led the transaction and expressed thanks to law firm Alston Asquith, in particular Eleanor Smith, for their assistance.