Bernhard Capital-Backed Grace Acquires CRGA Design
Strengthens Healthcare Practice and Presence in
Founded in 1982 and headquartered in
This acquisition marks the eighth strategic addition to Bernhard Capital Partners' ("Bernhard Capital") AEC platform and significantly strengthens Grace's capabilities in healthcare design while expanding its footprint in the Mid-Atlantic region. In connection with the transaction, CRGA will begin operating as CRGA Design, a Grace Design Studio. President
"CRGA has a more than four-decade track record as a partner of choice for hospitals and health systems looking to deliver modern healthcare design solutions," said Jerry Hebert, Chief Executive Officer of Grace. "With a reputation for quality and innovation, CRGA's leadership in medical planning perfectly aligns with our mission to deliver end-to-end services across high-growth, community-minded sectors. We are pleased to welcome the world-class CRGA team to Grace as we significantly strengthen our healthcare offerings and reach."
"At CRGA, we know firsthand the impact that innovative, thoughtful healthcare design can have on patients, families and clinicians, and our mission and vision is built around creating healing environments that meet the complex and stringent requirements of healthcare facilities," said Sandy Goodman, President of CRGA Design. "This partnership allows us to expand our impact, invest in our people, and continue delivering thoughtful, high-performing environments that support patients and caregivers in more communities across the country."
"With the addition of CRGA, Grace continues to scale through strategic partnerships with market-leading firms that provide the full suite of technical services to mission-critical sectors," said
About Grace Design Studios
Grace Design Studios serves a diverse client base, including national healthcare providers, K-12 and higher education institutions, and government entities. Grace Design Studios has a workforce of over 400 professionals and operates in 18 offices across
About CRGA Design
CRGA Design is a comprehensive architecture, interior design and planning firm dedicated to the practice of healthcare facility design, boasting over 43 years of industry experience. Based in
About Bernhard Capital Partners
Bernhard Capital Partners is a services and infrastructure-focused private equity management firm established in 2013. Bernhard Capital Partners has deployed capital in five funds across several strategies and has approximately $5 billion of assets under management. Bernhard Capital Partners seeks to create sustainable value by leveraging its experience in acquiring, operating, and growing services and infrastructure businesses. For more information, visit www.BernhardCapital.com.
Contacts
Media
Ed Trissel / Erik Carlson / Madeline Jones
(212) 355-4449
View original content:https://www.prnewswire.com/news-releases/bernhard-capital-backed-grace-acquires-crga-design-302478383.html
SOURCE Bernhard Capital Partners
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