Grace Design Studios Expands With CRGA Design Acquisition
Deal News | Jun 11, 2025 | Bernhard Capital Partners Mana
Grace Design Studios, supported by Bernhard Capital Partners, has acquired CRGA Design, a firm specializing in healthcare facility design. This acquisition enhances Grace's capabilities in healthcare design and broadens its reach in Maryland, North Carolina, and South Carolina. CRGA, founded in 1982, will operate as CRGA Design, a Grace Design Studio, with continued leadership from Sandy Goodman and Rolf Haarstad. The acquisition is the eighth addition to Bernhard Capital's AEC platform. Grace aims to use CRGA's innovative approaches to improve healthcare environments. Patrick Bernhard highlights the plan to keep pace with advancements in the healthcare industry through strategic collaborations. Grace Design Studios maintains a significant presence across various sectors and operates in multiple states.
Sectors
- Architecture and Engineering
- Healthcare Facilities Design
- Private Equity
Geography
- United States – Grace and CRGA Design operate primarily in multiple U.S. states, including Maryland, North Carolina, South Carolina, and other regions mentioned, such as Texas and Florida.
Industry
- Architecture and Engineering – Grace and CRGA Design both operate in the architecture, engineering, and consulting sector, focusing on infrastructure and design services.
- Healthcare Facilities Design – CRGA Design specializes in design services for healthcare facilities, which aligns with the broader healthcare industry's demand for specialized infrastructure design.
- Private Equity – Bernhard Capital Partners, a private equity firm, orchestrated the acquisition as part of its strategy to enhance its portfolio in the AEC sector.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Grace Design Studios | Acquirer | Company | An architecture, engineering, and consulting firm focusing on healthcare, education, and government sectors. |
| CRGA Design | Target Company | Company | A design firm specializing in healthcare facilities with operations in Baltimore, Maryland, North Carolina, and South Carolina. |
| Bernhard Capital Partners | Private Equity Firm | Company | A private equity firm managing approximately $5 billion in assets, focusing on infrastructure and services sectors. |
| Sandy Goodman | President | Person | Current President of CRGA Design, continuing leadership under the new ownership. |
| Rolf Haarstad | Senior Vice President | Person | SVP continuing to lead CRGA Design post-acquisition. |
| Jerry Hebert | CEO of Grace | Person | CEO of Grace Design Studios, overseeing its expansion and leadership. |
| Patrick Bernhard | Managing Director | Person | Managing Director at Bernhard Capital, playing a key role in strategy and growth. |