News

STG Design Becomes Employee Owned

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Firm Celebrates Transition to 100 Percent Ownership by the Company’s Employee Stock Ownership Plan (ESOP)

AUSTIN, TX – STG Design, an award-winning architecture, interior design, and planning firm celebrates a transition to 100 percent ownership by the company’s Employee Stock Ownership Plan (“ESOP”). At an “All-Hands Meeting,” this week, the announcement was made that ownership of the company has been transferred from the firm’s principal shareholders to STG Design employees. With the primary goals of continuity in leadership, autonomy, culture, and design services, the company elected to establish an ESOP to recognize and reward the commitment, passion, and talent of its employees, both present, and future. Based on STG Design’s strong performance over the last several years and a comprehensive review of the firm’s financial data, the shareholders concluded that this was an opportune time to sell and that the employees, through the ESOP, were the right buyer to whom to sell.

“Our employees are our most valuable resource and closest partners in the practice of design,” said Jim Susman, CEO. “We firmly believe that our people should control their own destiny and have the opportunity to experience the fulfillment of ownership.” Susman will continue as CEO, the firm’s management team remains in place, and STG seamlessly maintains its focus on world-class professional service and innovative business strategies.

MB Financial’s ESOP Finance Group with $20B in assets, BDO USA, LLP’s ESOP Advisory Group and McDermott Will & Emory LLP’s Corporate Transactions Practice structured the transaction and the plan for the firm. All assets are held, managed and controlled by the ESOP Trustee, GreatBanc Trust Company. GreatBanc will lead the ESOP consistent with its fiduciary responsibilities to act solely in the interests of the participants.
 
STG Design’s founder Jack Tisdale said “We are truly excited about transitioning STG Design to an employee-owned company.  At the same time, we are extremely grateful for the many terrific clients and business partners that have been part of our success over the last 42 years.”
 

Contact:
Jim Susman, FAIA
Principal
jsusman@stgdesign.com

2017 Year in Review

2018 promises to be every bit as rewarding as 2017, and STG Design is looking forward to continuing the progress we are making to raise the bar on the quality of design. Before we plunge too far into 2018, we want to take some time to take a look back at what made 2017 so unique and successful. We are excited for you to join on us on our journey into the new year. Click on the below image to reflect on 2017 with us. 

Intern Corner: It's All in the Details

By: Megan Zhang

Working at STG Design this summer was such a rewarding experience. I have learned more about this profession and what being an architect is all about in the past three months than in four years of college. I have worked on a variety of things here, including plan and detail drawing and 3-D modeling. The latter helped me have a better understanding of building structure and design proficiency and how to work in Revit more efficiently. I was also able to go on a punch walk site visit for one of our projects in College Station to help me in learning on-site and training my eyes to see mistakes.

Since this was my first time interning, I learned a great deal about being a professional, as well as building better professional relationships. It is so different being in school for architecture than working in the real world – attention to detail is everything! One little mess up can cost someone thousands of dollars, which is one thing I never thought about nearly enough when I was in school. I loved the office environment and everyone who works here. The staff has been so helpful answering all my questions and helping me learn more about this field.

I thoroughly enjoyed working here and can say that STG Design is definitely one of the best places to work!

 

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Megan Zhang was a summer intern in STG’s Houston office. She is returning to Texas A&M University in the fall to achieve her Master of Architecture. We wish her all the best in school and beyond!