Architect employs 1,700 staff across 23 offices worldwide
CallisonRTKL’s owner, the Netherlands-based consultancy Arcadis, is considering selling the practice.
The firm has been put under review by Arcadis as it looks “to sharpen its strategic focus” with plans to put out an updated strategy for the global company in November.
“As part of this review, Arcadis will evaluate a range of strategic options to optimise the value of CallisonRTKL, within or outside of Arcadis, to provide the best prospects for our people, clients and shareholders,” Arcadis said in a statement to Amsterdam’s stock exchange.
CallisonRTKL was formed out of the merger of Arcadis subsidiaries Callison and RTKL Associates in October 2015 and is currently headed up by Arcadis’ former global director of buildings Tim Neal.
The firm has 1,700 employees across 23 offices located in North America, Asia, the Middle East and Europe.
Revenue for CallisonRTKL last year hit €326m (£298m) with earnings before interest, tax, depreciation and amortisation (EBITDA) of €31m (£28.4m), Arcadis said.
The consultant added that the design specialist was “well positioned to grow profitably”.
Arcadis said Bank of America Merrill Lynch had been retained as a financial advisor to help its review of strategic alternatives for CallisonRTKL.
CallisonRTKL won planning consent last month for a 213-home development in east Manchester aimed at the private-rented sector and is also working on the revamp of the 76-storey Columbia Center in Seattle and $1bn (£767m) Oceanwide Plaza, a mixed-use scheme, in downtown Los Angeles.