ENDWELL — Delta Engineers, Architects & Land Surveyors, P.C. announced on Nov. 3 it has acquired OKKS Studios, Inc., based in Chevy Chase, Md. The deal was a stock swap based on independent valuations of the two firms. The principals of the combined firm operate now as OKKS Studios, a subsidiary of Delta Engineers, Architects […]
ENDWELL — Delta Engineers, Architects & Land Surveyors, P.C. announced on Nov. 3 it has acquired OKKS Studios, Inc., based in Chevy Chase, Md.
The deal was a stock swap based on independent valuations of the two firms. The principals of the combined firm operate now as OKKS Studios, a subsidiary of Delta Engineers, Architects & Land Surveyors, which also has an office in Vernon (Oneida County) and headquarters at 860 Hooper Road in Endwell (Broome County).
“We met the OKKS principals, Tom Sachs and Greg Knoop, 6 to 8 months ago through mutual friends,” says Anthony Paniccia, Delta’s president and CEO. “It became apparent at the outset that our two firms were a good fit, because OKKS was largely an architectural firm outsourcing 60 percent of its work to engineering firms and we are mostly an engineering firm. Of the 13 employees at OKKS, seven are architects and four are junior architects, which complements the three architects on Delta’s staff.”
OKKS, which was founded in 1970 as Oudens + Knoop Architects, P.C., leases 5,000 square feet in a single location in Chevy Chase. The firm specializes in the fields of health care, government and public-sector facilities, higher education, technology companies, security planning, and “class-A” office buildings, working across the U.S. and in more than 80 countries worldwide. Sachs and Knoop will continue to manage the Maryland office.
Following the acquisition, Delta employs 118 people total. That’s up more than three-fold since 2008, according to an article in the Oct. 25, 2013 issue of The Central New York Business Journal. In that story, Paniccia said Delta’s goal was to grow employment, first to 150 people and eventually 200 employees, through both organic growth and acquisitions.
Delta, founded in 1976, occupies 38,000 square feet at the Endwell headquarters, and another 6,000 square feet in Vernon. The Business Journal estimates the annual revenue of the combined firm at $13 million to $15 million.
Delta (www.deltaengineers.com) serves the building facilities, precast concrete, transportation, land surveying, and environmental markets.
Paniccia received his bachelor’s degree in electrical engineering from Clarkson University and his law degree from the Lincoln Law School of San Jose. He is registered as a professional engineer in 43 states and has worked at Delta Engineers, Architects & Land Surveyors for 19 years.
Contact Poltenson at npoltenson@cnybj.com