Global workplace strategy, design and construction firm Unispace has acquired Downstream, a global experiential design expert with an expansive portfolio of integrated digital and physical experiences in global tech hubs, flagship retailers, major sports venues and other destination spaces around the world. Blitzer, Clancy & Company advised Unispace in the acquisition of Downstream, and terms of the deal were not disclosed.
According to Steve Quick, Global CEO of Unispace, work is no longer just a place; the focus is experience. "Downstream's team and approach enhance our ability to empower our clients with the most impactful environments for their most valuable asset- their people. This is our commitment to rising above the talk and to taking action."
Downstream's employees will join Unispace's global team, adding expertise in branding and technical design of spaces. Headquartered in Portland, Oregon, with global offices in Amsterdam and Melbourne, the Downstream acquisition will also expand Unispace's physical presence. The firm is currently operating in 48 locations in 26 countries.
"We have worked with Unispace for several years, and we're excited to integrate our teams to bring our shared expertise to this moment of opportunity: the reinvention of space as we know it," said Tim Canfield, CEO of Downstream. "Today's employees and customers want experiential and brand-focused environments that draw them in for collaboration, socialization and connection. Together, we can powerfully deliver that."
"Our global growth strategy is focused on enhancing our ability to position clients to thrive in the new environment. This acquisition enables us to combine world-class experiential design expertise with our integrated approach to strategy, design and construction that gives our clients confidence in the quality and consistency of the spaces we create with them. Furthermore, Unispace and Downstream share values; both of our cultures inherently embrace change, with a commitment to innovation, DE&I, corporate citizenship, and genuine passion for the people-centred experiences we are creating," said Quick. "We believe this brings profound value for our clients and the industry."